Common use of Transfers of Servicing Clause in Contracts

Transfers of Servicing. (a) The Parties hereby agree that any voluntary or involuntary transfers of Subject Servicing (i) between a PFI of an MPF Bank to a PFI of a different MPF Bank, (ii) from any Person acting as a receiver, trustee or conservator (or similar function) of a PFI of an MPF Bank to a PFI of a different MPF Bank, or (iii) from an MPF Bank to a PFI of a different MPF Bank, shall all be generally in accordance with this Agreement and specifically in accordance with this ARTICLE VI and the related provisions of the FHLB Guide.

Appears in 4 contracts

Samples: Mpf® Consolidated Interbank Agreement (Federal Home Loan Bank of Boston), Consolidated Interbank Agreement (Federal Home Loan Bank of Chicago), Consolidated Interbank Agreement (Federal Home Loan Bank of Pittsburgh)

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