Use of Subservicers. No Borrower shall use a subservicer, other than the Subservicer, with respect to any Mortgage Loan without Lender’s prior written consent; provided that Lender will be deemed to consent if the subservicer is approved by the Applicable Agency. Each Borrower shall provide prior notice to Lender with respect to the use of a subservicer, other than the Subservicer, or a change in subservicer.
Appears in 2 contracts
Samples: Loan and Security Agreement (PennyMac Mortgage Investment Trust), Loan and Security Agreement (PennyMac Mortgage Investment Trust)
Use of Subservicers. No Borrower shall not use a subservicer, other than the Subservicer, with respect to any Mortgage Loan without Lender’s prior written consent; provided that Lender will be deemed to consent if the subservicer and unless such Subservicer is approved to subservice by the an Applicable Agency. Each Borrower shall provide prior notice to Lender with respect to the use of a subservicer, any subservicer other than Borrower or the Subservicer, or a change in subservicerSubservicer with respect to the Mortgage Loans.
Appears in 2 contracts
Samples: Loan and Security Agreement (UWM Holdings Corp), Loan and Security Agreement (UWM Holdings Corp)
Use of Subservicers. No Borrower shall not use a subservicer, other than the Subservicer, with respect to any Mortgage Loan without Lender’s 's prior written consent; provided that Lender will be deemed to consent if the subservicer is approved by the Applicable Agency. Each Borrower shall provide prior notice to Lender with respect to the use of a subservicer, other than the Subservicer, or a change in subservicer.
Appears in 1 contract
Samples: Loan Agreement (PennyMac Mortgage Investment Trust)
