GMAC Servicing Agreement definition
Examples of GMAC Servicing Agreement in a sentence
Except as contemplated by this Assignment, the GMAC Servicing Agreement shall remain in full force and effect with respect to the Servicer in accordance with its terms.
Any capitalized term used but not defined in this Assignment has the same meaning as in the GMAC Servicing Agreement.
In connection with the transfer of the Servicing Rights, the Servicer agrees that, from and after the applicable Servicing Transfer Date as specified on Schedule 1 attached hereto (each, a "Servicing Transfer Date"), each Specified Mortgage Loan will be subject to, and serviced by the Servicer under, the GMAC Servicing Agreement.
In the event that any provision of this Agreement conflicts with any provision of the GMAC Servicing Agreement with respect to the Specified Mortgage Loans, the terms of this Agreement shall control.
The Owner specifically reserves and does not assign to any Trust listed on Schedule 1 hereunder those rights under the GMAC Servicing Agreement that do not relate to the servicing of the Specified Mortgage Loans and any and all right, title and interest in, to and under and any obligations of the Owner with respect to any mortgage loans subject to the GMAC Servicing Agreement which are not the Specified Mortgage Loans.