Transfer of Terminated Participating Lending Institution’s Duties. At the time the Participating Lending Institution receives a notice of termination under a Program Agreement, the Division may appoint another lending or financial institution approved by the Servicer to succeed to all rights of the Participating Lending Institution thereunder. As compensation therefor, such entity shall be paid such compensation as was available to the replaced Participating Lending Institution; provided, however, that such fee shall be payable only from moneys the Participating Lending Institution would have been entitled to receive if the Participating Lending Institution had continued to act hereunder.
