Common use of Assignment by the Servicer Clause in Contracts

Assignment by the Servicer. This Agreement and all the rights and obligations of the Servicer hereunder may not be assigned or subcontracted by the Servicer without the prior written consent of FMC which consent shall not be unreasonably withheld; provided however, the Servicer may subcontract for skiptracing purposes without such consent. FMC's consent to subcontract shall not release the Servicer from its obligations under this Agreement.

Appears in 4 contracts

Sources: Alternative Servicing Agreement (National Collegiate Funding LLC), Alternative Loan Servicing Agreement (National Collegiate Funding LLC), Alternative Loan Servicing Agreement (National Collegiate Funding LLC)

Assignment by the Servicer. This Agreement and all the rights and obligations of the Servicer hereunder may not be assigned or subcontracted by the Servicer without the prior written consent of FMC which consent shall not be unreasonably withheld; withheld; provided however, the Servicer may subcontract for skiptracing purposes without such consent. FMC's consent to subcontract shall not release the Servicer from its obligations under this Agreement.

Appears in 1 contract

Sources: Alternative Servicing Agreement