Common use of Assignment of Servicing Clause in Contracts

Assignment of Servicing. Seller hereby assigns and releases all servicing rights and responsibilities including without limitation, all rights to receive servicing fees and other servicing-related income and benefits, with respect to each Mortgage Loan purchased under this Agreement to and for the benefit of Purchaser, as of the Servicing Transfer Date.

Assignment of Servicing. Seller hereby assigns and releases all ----------------------- servicing rights and responsibilities including without limitation, all rights to receive servicing fees and other servicing-related income and benefits, with respect to each Mortgage Loan purchased under this Agreement to and for the benefit of Purchaser, as of the Servicing Transfer Date.