Examples of GMACM Mortgage Loans in a sentence
GMACM agrees to sell to the Purchaser and the Purchaser agrees to purchase from GMACM the GMACM Mortgage Loans having an aggregate principal balance equal to the Aggregate Principal Balance of the GMACM Mortgage Loans.
GMACM shall perform all of its servicing responsibilities hereunder or may cause a subservicer to perform any such servicing responsibilities on its behalf, but the use by GMACM of a subservicer shall not release GMACM from any of its obligations hereunder with respect to the related GMACM Mortgage Loans.
No such termination shall become effective unless and until a successor to GMACM shall have been appointed to service and administer the GMACM Mortgage Loans pursuant to the terms and conditions of this Agreement.
At the cost and expense of GMACM, without any right of reimbursement from its Custodial Account, GMACM shall be entitled to terminate the rights and responsibilities of a subservicer and arrange for any servicing responsibilities to be performed by a successor subservicer; provided, however, that nothing contained herein shall be deemed to prevent or prohibit GMACM, at its option, from electing to service the related GMACM Mortgage Loans itself.
Notwithstanding anything herein to the contrary, the obligations of GMACM as Servicer under this Agreement relate solely to the GMACM Mortgage Loans.