Common use of Successor Master Servicer Clause in Contracts

Successor Master Servicer. In connection with the appointment of any successor Master Servicer or the assumption of the duties of the Master Servicer, EMC or the Trustee may make such arrangements for the compensation of such successor master servicer out of payments on the Mortgage Loans as EMC or the Trustee and such successor master servicer shall agree. If the successor master servicer does not agree that such market value is a fair price, such successor master servicer shall obtain two quotations of market value from third parties actively engaged in the servicing of single-family mortgage loans.

Successor Master Servicer. In connection with the appointment of any successor Master Servicer master servicer or the assumption of the duties of the Master Servicer, EMC or the Trustee may make such arrangements for the compensation of such successor master servicer out of payments on the Mortgage Loans as EMC or the Trustee and such successor master servicer shall agree. If Notwithstanding the foregoing, the compensation payable to a successor master servicer does may not agree that such market value is a fair price, such successor master servicer shall obtain two quotations of market value from third parties actively engaged in exceed the servicing of single-family mortgage loanscompensation which the Master Servicer would have been entitled to retain if the Master Servicer had continued to act as Master Servicer hereunder.