Common use of Unilateral Amendment Clause in Contracts

Unilateral Amendment. RMST reserves the right to unilaterally amend this Agreement in its sole discretion to comply (to the sole satisfaction of RMST) with any law, rule or regulation affecting RMST in effect now or hereafter. Any such amendment shall be effective immediately. However, and notwithstanding any other provision of this Agreement, in the event of a unilateral amendment, the Company shall have the right to terminate this Agreement by written notice to RMST within ten (10) days of the Company's receipt of notice of such amendment. Termination shall not affect any obligation of the Company incurred prior to RMST's receipt of notice of termination.

Appears in 3 contracts

Samples: Mortgages Purchase Agreement (Community Home Mortgage Corp), Mortgages Purchase Agreement (Austin Funding Com Corp), Residential Mortgage Services (Homegold Financial Inc)

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Unilateral Amendment. RMST reserves the right to unilaterally amend this Agreement in its sole discretion to comply (to the sole satisfaction of RMST) with any law, rule or regulation affecting RMST in effect now or hereafter. Any such amendment shall be effective immediately. However, and notwithstanding any other provision of this Agreement, in the event of a unilateral amendment, the Company shall have the right to terminate this Agreement by written notice to RMST within ten (10) days of the Company's receipt of notice of such amendment. Termination Termination, shall not affect any obligation of the Company incurred prior to RMST's receipt of notice of termination.

Appears in 1 contract

Samples: Mortgages Purchase Agreement (Austin Funding Com Corp)

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