Common use of Transfers of Servicing Clause in Contracts

Transfers of Servicing. If there is a Transfer of Servicing for some or all of the Mortgages for which Designated Custodian holds the Notes, Designated Custodian will update its note tracking system and, if there is also a transfer of custody, cooperate with Seller/Servicer and Xxxxxxx Mac or the transferee Document Custodian to transfer custody of the Notes and any Assignments pursuant to the Guide and Section 2(d).

Transfers of Servicing. If there is a Transfer of Servicing for some or all of the Mortgages for which Designated Custodian holds the Notes, Designated Custodian will update its note tracking system and, if there is also a transfer of custody, cooperate with Seller/Servicer and Xxxxxxx Freddie Mac or the transferee Document Custodian to transfer custody of the Notes and any Assignments pursuant to the Guide and Section 2(d).