The Servicer shall establish one or more Custodial Accounts, in the form of time deposit or demand accounts titled in the name of PNMAC Loan Svc LLC ITF [description of applicable owners or investors] or titled in another reasonable manner indicating that such account is held in a custodial capacity.
In the event of a Change of Control, PNMAC shall take all actions necessary to ensure that the surviving or resulting entity, if other than PNMAC, is bound by and shall have the benefit of the provisions of this Agreement.
PennyMac Mortgage Investment Trust trades on the New York Stock Exchange under the symbol "PMT" and is externally managed by PNMAC Capital Management, LLC, an indirect subsidiary of PennyMac Financial Services, Inc.
Upon submission of appropriate invoices by Executive, PNMAC shall reimburse Executive for all reasonable legal fees and expenses incurred by Executive in connection with the preparation and negotiation of this Agreement.
During the Term, Executive shall be eligible to participate in all executive incentive programs offered by PNMAC.