Common use of No Hypothecation Clause in Contracts

No Hypothecation. Originator may not sell, assign or transfer in any ---------------- way its right to receive a portion of the Servicing Fee as provided in this Section without the prior written consent of Purchaser, except under a Qualified Takeout Commitment.

Appears in 2 contracts

Sources: Servicing Agreement (Virtual Mortgage Network Inc), Servicing Agreement (Virtual Mortgage Network Inc)