Common use of Opportunity to Bid Clause in Contracts

Opportunity to Bid. In the event that New Residential acquires MSRs in non-Covered Portfolios following execution of this Agreement, NRZ Brokerage shall provide RHSS and Altisource an opportunity to submit a proposal pursuant to which the Portfolios to which such MSRs apply could become Covered Portfolios.

Appears in 2 contracts

Samples: Cooperative Brokerage Agreement (New Residential Investment Corp.), Cooperative Brokerage Agreement (Altisource Portfolio Solutions S.A.)

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Opportunity to Bid. In the event that New Residential acquires MSRs any corresponding MSR Bundle in non-Covered Portfolios following execution of this Agreement, NRZ Brokerage shall provide RHSS and Altisource an opportunity to submit a proposal pursuant to which the Portfolios to which such MSRs corresponding MSR Bundle apply could become Covered Portfolios.”

Appears in 2 contracts

Samples: Cooperative Brokerage Agreement (Altisource Portfolio Solutions S.A.), Cooperative Brokerage Agreement (New Residential Investment Corp.)

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