Common use of Independence of Parties Clause in Contracts

Independence of Parties. The Servicer shall have the status of, and act as, an independent contractor. Nothing herein contained shall be construed to create a partnership or joint venture or any similar relationship between the Manager and the Servicer.

Appears in 9 contracts

Samples: Servicing Agreement, Servicing Agreement, Servicing Agreement

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Independence of Parties. The Servicer shall have the status of, and act as, an independent contractor. Nothing herein contained shall be construed to create a partnership or joint venture or any similar relationship between the Manager Owner and the Servicer.

Appears in 5 contracts

Samples: Omnibus Asset Servicing Agreement (BBX Capital Corp), Confidential Treatment Requested (Franklin Credit Holding Corp/De/), Confidential Treatment Requested (Franklin Credit Holding Corp/De/)

Independence of Parties. The Servicer shall have the status of, and act as, an independent contractor. Nothing herein contained shall be construed to create a partnership or joint venture or any similar relationship between the Manager Company and the Servicer.

Appears in 4 contracts

Samples: Servicing Agreement, Servicing Agreement, Servicing Agreement

Independence of Parties. The Servicer Each Service Provider shall have the status of, and act as, an independent contractor. Nothing herein contained shall be construed to create a partnership or joint venture or any similar relationship between the Manager Company and any of the ServicerService Providers.

Appears in 4 contracts

Samples: Administration Agreement (Prosper Funding LLC), Administration Agreement (Prosper Funding LLC), Administration Agreement (Prosper Funding LLC)

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Independence of Parties. The Servicer shall will have the status of, and act as, an independent contractor. Nothing herein contained shall will be construed to create a partnership or joint venture or any similar relationship between the Manager and the Servicer.

Appears in 2 contracts

Samples: Servicing Agreement, Servicing Agreement

Independence of Parties. The Servicer shall have the status of, and act as, an independent contractor. Nothing herein contained shall be construed to create a partnership or joint venture or any similar relationship between the Manager Company and the Servicer.

Appears in 2 contracts

Samples: Servicing Agreement (Prosper Funding LLC), Servicing Agreement (Prosper Funding LLC)

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