Attorney Selection Clause Samples
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Attorney Selection. While any portion of the Purchase Price is outstanding, the Investor shall retain Activist Legal LLP, a law firm affiliated with preREO, to manage Legal Actions, in accordance with the standard terms and conditions of Activist Legal LLP (“Activist”) or America’s Trustee Services (“ATS”) for any non-judicial foreclosure action. The Investor may replace Activist or ATS with another law firm designated by the Investor provided that (i) the replacement law firm is experienced in defaulted mortgage loans, (ii) the replacement law firm is licensed in the relevant jurisdiction(s), (iii) the replacement law firm can manage foreclosure activity through Black Knight Servicing Technologies, LLC’s LoanSphere Default Technology products, (iv) Activist or ATS is paid in full for services performed prior to being replaced, (v) the replacement law firm is reasonably satisfactory to the Owner and Servicer, and (vi) the Investor increases the Down Payment to 50% of the Purchase Price. Initial here: to confirm you agree to the foregoing provision.
Attorney Selection. While any portion of the Purchase Price is outstanding, the Investor shall retain Activist Legal LLP, a law firm affiliated with preREO, to manage Legal Actions, in accordance with the standard terms and conditions of Activist Legal LLP. The Investor may replace Activist Legal LLP with another law firm designated by the Investor provided that (i) the replacement law firm is experienced in defaulted mortgage loans, (ii) the replacement law firm is licensed in the relevant jurisdiction(s), (iii) the replacement law firm can manage foreclosure activity through Black Knight Servicing Technologies, LLC’s LoanSphere Default Technology products, (iv) Activist Legal LLP is paid in full for services performed prior to being replaced, (v) the replacement law firm is reasonably satisfactory to the Owner and Servicer, and (vi) the Investor pays the Owner an amount equal to 25% of the Purchase Price, in addition to the Down Payment. Initial here: to confirm you agree to the foregoing provision.
Attorney Selection. While any portion of the Purchase Price is outstanding, the Investor shall retain Activist Legal LLP, a law firm affiliated with preREO, to manage Legal Actions, in accordance with the standard terms and conditions of Activist Legal LLP (“Activist”) or America’s Trustee Services (“ATS”) for any non-judicial foreclosure action. The Investor may replace Activist or ATS with another law firm designated by the Investor provided that (i) the replacement law firm is experienced in defaulted mortgage loans, (ii) the replacement law firm is licensed in the relevant jurisdiction(s), (iii) the replacement law firm can manage foreclosure activity through Black Knight Servicing Technologies, LLC’s LoanSphere Default Technology products, (iv) Activist or ATS is paid in full for services performed prior to being replaced, (v) the replacement law firm is reasonably satisfactory to the Owner and Servicer, and (vi) the Investor pays the Owner an amount equal to 25% of the Purchase Price, in addition to the Down Payment.
Attorney Selection. Investor agrees to retain Activist Legal LLP to manage the foreclosure or equivalent proceeding, receivership, eviction and/or any related legal actions, such actions to be carried out in the name of the Owner. Investor shall be responsible for and manage Activist Legal LLP’s provision of legal services as it relates to the Loan(s).