Common use of Transactions with Related Persons Clause in Contracts

Transactions with Related Persons. In carrying out its obligations and duties under this Agreement, the Servicer may contract with its affiliates on condition that all Persons with whom the Servicer may contract, enter into arrangements with, or otherwise deal with, shall be engaged on a commercially reasonable, arm’s-length basis and at competitive rates of compensation. Nothing contained in this Agreement will prevent the Servicer or its affiliates from engaging in other business or from acting in a similar capacity for any other Person even though such Person may engage in business activities similar to those of the Owner or its affiliates.

Appears in 7 contracts

Samples: Servicing Agreement (Altisource Residential Corp), Servicing Agreement (Altisource Residential Corp), Servicing Agreement (Altisource Residential Corp)

AutoNDA by SimpleDocs

Transactions with Related Persons. In carrying out its -its obligations and duties under this Agreement, the Servicer may contract contact with its affiliates on condition affiliates, provided that all Persons with whom the Servicer may contract, enter into arrangements with, with or otherwise deal with, shall be engaged on a commercially reasonable, arm’sreasonable arm's-length basis and at competitive rates of compensation. Nothing contained in this Agreement will prevent the Servicer or its affiliates from engaging in other business businesses or from acting in a similar capacity for any other Person even though such Person may engage in business activities similar to those of the Owner or its affiliates.

Appears in 2 contracts

Samples: Residential Flow Servicing Agreement (Structured Ass Sec Cor a R Col Tr MRT Ps THR CRT Ser 01-Bc6), Reconstituted Servicing Agreement (Structured Asset Securities Corp Mort Pas THR Ce Se 2001-Bc3)

Transactions with Related Persons. In carrying out its --------------------------------- obligations and duties under this Agreement, the Servicer may contract with its affiliates on condition affiliates, provided that all Persons with whom the Servicer may contract, enter into arrangements with, with or otherwise deal with, shall be engaged on a commercially reasonable, arm’sreasonable arm's-length basis and at competitive rates of compensation. Nothing contained in this Agreement will prevent the Servicer or its affiliates from engaging in other business businesses or from acting in a similar capacity for any other Person even though such Person may engage in business activities similar to those of the Owner or its affiliates.

Appears in 1 contract

Samples: Residential Flow Servicing Agreement (United Panam Financial Corp)

Transactions with Related Persons. In carrying out its obligations and duties under this Agreement, the Servicer may contract with its affiliates on condition that affiliates, provided that, all Persons with whom the Servicer may contract, contract enter into arrangements with, with or otherwise deal with, shall be engaged on a commercially reasonable, reasonable arm’s-length basis and at competitive market rates of compensation. Nothing contained in this Agreement will prevent the Servicer or its affiliates from engaging in other business businesses or from acting in a similar capacity for any other Person even though such Person may engage in business activities similar to those of the Owner or its affiliates.

Appears in 1 contract

Samples: Flow Special Servicing Agreement (American Homeowner Preservation 2015A LLC)

Transactions with Related Persons. In carrying out its obligations and duties under this Agreement, the Servicer may contract with its affiliates on condition that affiliates, provided that, all Persons with whom the Servicer may contract, contract enter into arrangements with, with or otherwise deal with, shall be engaged on a commercially reasonable, arm’sreasonable arm's-length basis and at competitive market rates of compensation. Nothing contained in this Agreement will prevent the Servicer or its affiliates from engaging in other business businesses or from acting in a similar capacity for any other Person even though such Person may engage in business activities similar to those of the Owner or its affiliates.

Appears in 1 contract

Samples: Servicing Agreement (AHP Servicing LLC)

AutoNDA by SimpleDocs

Transactions with Related Persons. In carrying out its obligations and duties under this Agreement, the Servicer may contract with its affiliates on condition that affiliates, provided that, all Persons with whom the Servicer may contract, contract enter into arrangements with, with or otherwise deal with, shall be engaged on a commercially reasonable, reasonable arm’s-length basis basis. and at competitive market rates of compensation. Nothing contained in this Agreement will prevent the Servicer or its affiliates from engaging in other business businesses or from acting in a similar capacity for any other Person even though such Person may engage in business activities similar to those of the Owner or its affiliates.

Appears in 1 contract

Samples: Flow Special Servicing Agreement (Money With Meaning Fund, LLC)

Transactions with Related Persons. In carrying out its obligations and duties under this Agreement, the Servicer may contract with its affiliates on condition affiliates, provided that all Persons with whom the Servicer may contract, enter into arrangements with, with or otherwise deal with, shall be engaged on a commercially reasonable, arm’sreasonable arm's-length basis and at competitive rates of compensation. Nothing contained in this Agreement will prevent the Servicer or its affiliates from engaging in other business businesses or from acting in a similar capacity for any other Person even though such Person may engage in business activities similar to those of the an Owner or its affiliates.

Appears in 1 contract

Samples: Servicing Agreement (Metropolitan Mortgage & Securities Co Inc)

Time is Money Join Law Insider Premium to draft better contracts faster.