Common use of Service Cost Disputes Clause in Contracts

Service Cost Disputes. In the event that Buyer has a good faith dispute with regard to any costs invoiced by ResCap hereunder, Buyer shall provide ResCap with written notice of such dispute, together with a reasonably detailed explanation of such dispute, at or prior to the time payment would have otherwise been due, and Buyer may withhold payment of any disputed amounts pending resolution of the dispute. Buyer’s failure to pay amounts disputed in accordance with the preceding sentence shall not be grounds for a claim of breach or suspension of the provision of Services by ResCap, its controlled Affiliates or any third party service provider.

Appears in 4 contracts

Samples: Purchase Agreement (Gmac LLC), Purchase Agreement (Residential Capital, LLC), Servicing Agreement (Residential Capital, LLC)

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