Common use of Third-party servicing Clause in Contracts

Third-party servicing. If the Mortgage Loans are serviced by a third party servicer (such third party servicer, the "Servicer"), the related Seller (i) shall provide a copy of the servicing agreement to Purchaser, which shall be in form and substance acceptable to Purchaser (the "Servicing Agreement"); (ii) shall provide a Servicer Notice to the Servicer substantially in the form of Exhibit W hereto; and (iii) hereby irrevocably assigns to Purchaser and Purchaser's successors and assigns all right, title, interest of such Seller in, to and under, and the benefits of, any Servicing Agreement with respect to the Mortgage Loans. Any successor to the Servicer shall be approved in writing by Purchaser prior to such successor's assumption of servicing obligations with respect to the Mortgage Loans.

Third-party servicing. If the Mortgage Loans are serviced by a third party servicer (such third party servicer, the "“Servicer"”), the related Seller (i) shall provide a copy of the servicing agreement to Purchaser, which shall be in form and substance acceptable to Purchaser (the "“Servicing Agreement"”); (ii) shall provide a Servicer Notice to the Servicer substantially in the form of Exhibit W hereto; and (iii) hereby irrevocably assigns to Purchaser and Purchaser's ’s successors and assigns all right, title, interest of such Seller in, to and under, and the benefits of, any Servicing Agreement with respect to the Mortgage Loans. Any successor to the Servicer shall be approved in writing by Purchaser prior to such successor's ’s assumption of servicing obligations with respect to the Mortgage Loans.