Sale and Transfer of Servicing. The Loans shall be sold on a servicing-released basis and any related escrow deposits shall be transferred to Purchaser. As of the Closing Date, all rights, obligations, liabilities and responsibilities with respect to the servicing of the Loans after the Closing Date will be assumed by Purchaser. Seller shall be discharged and indemnified by Purchaser from all liability with respect to servicing of the Loans after the Closing Date and Purchaser shall not assume and shall be discharged and indemnified by Seller from all liability with respect to servicing of the Loans on or prior to the Closing Date.
Sale and Transfer of Servicing. The Loans shall be sold on a servicing-released basis and any related escrow deposits shall be transferred to Purchaser. All rights, obligations, liabilities and responsibilities with respect to the servicing of the Loans from and after the Effective Time will be assumed by Purchaser. Seller shall be discharged and indemnified by Purchaser from all liability with respect to servicing of the Loans from and after the Effective Time and Purchaser shall not assume and shall be discharged and indemnified by Seller from all liability with respect to servicing of the Loans prior the Effective Time.
Sale and Transfer of Servicing. Except for Loans specifically designated by Purchaser to be serviced by Seller under the Servicing Agreement, the Loans shall be sold on a servicing-released basis (and without limitation, any related escrow deposits shall be transferred to Purchaser). As of the Closing Date, all rights, obligations, liabilities and responsibilities with respect to the servicing of the Loans after the Closing Date will be assumed by Purchaser. Seller shall be discharged and indemnified by Purchaser from all liability with respect to servicing of the Loans after the Closing Date and Purchaser shall not assume and shall be discharged and indemnified by Seller from all liability with respect to servicing of the Loans on or prior to the Closing Date.
Sale and Transfer of Servicing. Purchased Loans and Purchased Credit Card Accounts and Receivables shall be sold on a servicing-released basis (and without limitation, any related escrow deposits shall be transferred to Purchaser). As of the Closing Date, all rights, obligations, liabilities and responsibilities with respect to the servicing of the Purchased Loans and Purchased Credit Card Accounts and Receivables after the Closing Date will be assumed by Purchaser.
Sale and Transfer of Servicing. Purchased Loans shall be sold by the HSBC Sellers on a servicing-released basis (and without limitation, any related escrow deposits shall be transferred to Purchaser). As of the Closing Date, all rights, obligations, liabilities and responsibilities with respect to the servicing of the Purchased Loans after the Closing Date will be assumed by Purchaser.
Sale and Transfer of Servicing. Seller is the sole servicer of the Loans and does not contract with any subservicer. The Loans shall be sold on a servicing-released basis and any related escrow deposits shall be transferred to Purchaser. As of the Initial Closing Date, all rights, obligations, liabilities and responsibilities with respect to the servicing of the Initial Closing Loans after the Initial Closing Date will be assumed by Purchaser. As of the Subsequent Closing Date, if any, all rights, obligations, liabilities and responsibilities with respect to the servicing of the Subsequent Closing Loans after the Subsequent Closing Date will be assumed by Purchaser. As of the Closing Date, all rights, obligations, liabilities and responsibilities with respect to the servicing of the Loans (other than the Initial Closing Loans and the Subsequent Closing Loans, if any) after the Closing Date will be assumed by Purchaser. Seller shall be discharged and indemnified by Purchaser from all liability with respect to servicing of the Loans after the Initial Closing Date, the Subsequent Closing Date or the Closing Date, as applicable, and Purchaser shall not assume and shall be discharged and indemnified by Seller from all liability with respect to servicing of the Loans on or prior to the Initial Closing Date, the Subsequent Closing Date or the Closing Date, as applicable.
Sale and Transfer of Servicing. 5 2.1. Items to be Sold....................................................................................5 2.2. Closing Date........................................................................................5 2.3. Transfer Date.......................................................................................6 2.4. Actions Required Prior to the Transfer Date.........................................................6 2.5. Examination of Mortgage Documents...................................................................7 2.6. Undertaking by Purchaser............................................................................7 2.7. Preparation and Modification of Exhibits............................................................8 ARTICLE III CONSIDERATION.........................................................................................9
Sale and Transfer of Servicing. (a) The Loans shall be sold on a servicing-released basis. As of the Closing Date, all rights, obligations, liabilities and responsibilities with respect to the servicing of the Loans after the Closing Date shall be assumed by Purchaser. Republic Bank shall be discharged and indemnified by Purchaser from all liability with respect to servicing of the Loans after the Closing Date and Purchaser shall not assume and shall be discharged and indemnified by Republic Bank from all liability with respect to servicing of the Loans on or prior to the Closing Date.
Sale and Transfer of Servicing. The Transferred Loans shall be sold on a servicing-released basis and any related rights shall be transferred to Purchaser and shall be deemed “Transferred Assets” under this Agreement. As of the Closing Date, all Liabilities with respect to the servicing of the Transferred Loans after the Closing Date will be assumed by Purchaser and shall be deemed “Assumed Liabilities” under this Agreement.
Sale and Transfer of Servicing. The Purchased Loans will, as applicable, be sold on a servicing-released basis and any related escrow deposits will be transferred to Purchaser. As of the Effective Time, all rights, obligations, liabilities and responsibilities with respect to the servicing of the Purchased Loans after the Effective Time will be assumed by Purchaser. Seller will be discharged and indemnified by Purchaser from all liability with respect to servicing of the Purchased Loans after the Effective Time and Purchaser will not assume and will be discharged and indemnified by Seller from all liability with respect to servicing of the Purchased Loans on or prior to the Effective Time.
