Responsibilities of the Originator. Anything herein to the contrary notwithstanding: (a) The Originator agrees to deliver directly to the Servicer (for the Buyer’s account), within one Business Day after receipt thereof, any Cartus Collections or CRC Collections that it receives, in the form so received, and agrees that all such Cartus Collections and CRC Collections will be deemed to be received in trust for the Buyer and its assignees and will be maintained and segregated separate and apart from all other funds and moneys of the Originator until delivery of such Cartus Collections and CRC Collections to the Servicer; and (b) The Originator hereby grants to the Buyer an irrevocable power of attorney, with full power of substitution, coupled with an interest, to take in the name of the Originator all steps necessary or advisable to endorse, negotiate or otherwise realize on any writing or other right of any kind held or transmitted by the Originator or transmitted or received by the Buyer (whether or not from the Originator) in connection with any Cartus Purchased Asset (which power of attorney may be exercised by the Buyer’s successors and assigns in accordance with Section 8.4 and Section 11.12(b)). (c) The Originator shall perform all of its obligations hereunder and under the Pool Relocation Management Agreements and other Contracts related to the Cartus Purchased Assets to which it is a party (other than those obligations undertaken by the Buyer as provided in Section 7.4(b)) to the same extent as if such Cartus Purchased Assets had not been sold hereunder, and the exercise by the Buyer or its designee or assignee of the Buyer’s rights hereunder or in connection herewith shall not relieve the Originator from any of its obligations under any such Pool Relocation Management Agreements or Contracts related to the Cartus Purchased Assets to which it is a party. Notwithstanding the foregoing, the Originator acknowledges that the Buyer or its designees are entitled to perform such obligations to the extent permitted under the Transaction Documents.
Appears in 2 contracts
Sources: CRC Purchase Agreement, Purchase Agreement (NRT Settlement Services of Missouri LLC)
Responsibilities of the Originator. Anything herein to the contrary notwithstanding:
(a) The Originator agrees to deliver directly to the Servicer (for the Buyer’s account), within one Business Day after receipt thereof, any Cartus Collections or CRC CFC Collections that it receives, in the form so received, and agrees that all such Cartus Collections and CRC CFC Collections will be deemed to be received in trust for the Buyer and its assignees and will be maintained and segregated separate and apart from all other funds and moneys of the Originator until delivery of such Cartus Collections and CRC CFC Collections to the Servicer; and
(b) The Originator hereby grants to the Buyer an irrevocable power of attorney, with full power of substitution, coupled with an interest, to take in the name of the Originator all steps necessary or advisable to endorse, negotiate or otherwise realize on any writing or other right of any kind held or transmitted by the Originator or transmitted or received by the Buyer (whether or not from the Originator) in connection with any Cartus Purchased Asset (which power of attorney may be exercised by the Buyer’s successors and assigns in accordance with Section 8.4 and Section 11.12(b)).
(c) The Originator shall perform all of its obligations hereunder and under the Pool Relocation Management Agreements and other Contracts related to the Cartus Purchased Assets to which it is a party (other than those obligations undertaken by the Buyer as provided in Section 7.4(b)) to the same extent as if such Cartus Purchased Assets had not been sold hereunder, and the exercise by the Buyer or its designee or assignee of the Buyer’s rights hereunder or in connection herewith shall not relieve the Originator from any of its obligations under any such Pool Relocation Management Agreements or Contracts related to the Cartus Purchased Assets to which it is a party. Notwithstanding the foregoing, the Originator acknowledges that the Buyer or its designees are entitled to perform such obligations to the extent permitted under the Transaction Documents.
Appears in 2 contracts
Sources: Omnibus Amendment (NRT Settlement Services of Missouri LLC), Omnibus Amendment (Realogy Corp)
Responsibilities of the Originator. Anything herein to the contrary notwithstanding:
(a) The Originator agrees to deliver directly to the Servicer (for the Buyer’s account), within one Business Day after receipt thereof, any Cartus CMSC Collections or CRC CMF Collections that it receives, in the form so received, and agrees that all such Cartus CMSC Collections and CRC CMF Collections will be deemed to be received in trust for the Buyer and its assignees and will be maintained and segregated separate and apart from all other funds and moneys of the Originator until delivery of such Cartus CMSC Collections and CRC CMF Collections to the Servicer; and
(b) The Originator hereby grants to the Buyer an irrevocable power of attorney, with full power of substitution, coupled with an interest, to take in the name of the Originator all steps necessary or advisable to endorse, negotiate or otherwise realize on any writing or other right of any kind held or transmitted by the Originator or transmitted or received by the Buyer (whether or not from the Originator) in connection with any Cartus CMSC Purchased Asset (which power of attorney may be exercised by the Buyer’s successors and assigns in accordance with Section 8.4 and Section 11.12(b)).
(c) The Originator shall perform all of its obligations hereunder and under the Pool Relocation Management Agreements and other Contracts related to the Cartus CMSC Purchased Assets to which it is a party (other than those obligations undertaken by the Buyer as provided in Section 7.4(b)) to the same extent as if such Cartus CMSC Purchased Assets had not been sold hereunder, and the exercise by the Buyer or its designee or assignee of the Buyer’s rights hereunder or in connection herewith shall not relieve the Originator from any of its obligations under any such Pool Relocation Management Agreements or Contracts related to the Cartus CMSC Purchased Assets to which it is a party. Notwithstanding the foregoing, the Originator acknowledges that the Buyer or its designees are entitled to perform such obligations to the extent permitted under the Transaction Documents.
Appears in 1 contract
Sources: Purchase Agreement (Cendant Corp)
Responsibilities of the Originator. Anything herein to the contrary notwithstanding:
(a) The Originator agrees to deliver directly to the Servicer (for the BuyerIssuer’s account), within one Business Day after receipt thereof, any Cartus Collections or CRC Fee Collections that it receives, in the form so received, and agrees that all such Cartus Collections and CRC Fee Collections will be deemed to be received in trust for the Buyer Issuer and its assignees and will be maintained and segregated separate and apart from all other funds and moneys of the Originator until delivery of such Cartus Collections and CRC Fee Collections to the Servicer; and
(b) The Originator hereby grants to the Buyer Issuer an irrevocable power of attorney, with full power of substitution, coupled with an interest, to take in the name of the Originator all steps necessary or advisable to endorse, negotiate or otherwise realize on any writing or other right of any kind held or transmitted by the Originator or transmitted or received by the Buyer Issuer (whether or not from the Originator) in connection with any Cartus Purchased Asset (which power of attorney may be exercised by the BuyerIssuer’s successors and assigns in accordance with Section 8.4 and Section 11.12(b)).
(c) The Originator shall perform all of its obligations hereunder and under the Pool Relocation Management Agreements and other Contracts related to the Cartus Fee Purchased Assets to which it is a party (other than those obligations undertaken by the Buyer Issuer as provided in Section 7.4(b)) to the same extent as if such Cartus Fee Purchased Assets had not been sold hereunder, and the exercise by the Buyer Issuer or its designee or assignee of the BuyerIssuer’s rights hereunder or in connection herewith shall not relieve the Originator from any of its obligations under any such Pool Relocation Management Agreements or Contracts related to the Cartus Fee Purchased Assets to which it is a party. Notwithstanding the foregoing, the Originator acknowledges that the Buyer Issuer or its designees are entitled to perform such obligations to the extent permitted under the Transaction Documents.
Appears in 1 contract
Sources: Fee Receivables Purchase Agreement (NRT Settlement Services of Missouri LLC)
Responsibilities of the Originator. Anything herein to the contrary notwithstanding:
(a) The Originator agrees to deliver directly to the Servicer (for the BuyerIssuer’s account), within one Business Day after receipt thereof, any Cartus Collections or CRC Fee Collections that it receives, in the form so received, and agrees that all such Cartus Collections and CRC Fee Collections will be deemed to be received in trust for the Buyer Issuer and its assignees and will be maintained and segregated separate and apart from all other funds and moneys of the Originator until delivery of such Cartus Collections and CRC Fee Collections to the Servicer; and
(b) The Originator hereby grants to the Buyer Issuer an irrevocable power of attorney, with full power of substitution, coupled with an interest, to take in the name of the Originator all steps necessary or advisable to endorse, negotiate or otherwise realize on any writing or other right of any kind held or transmitted by the Originator or transmitted or received by the Buyer Issuer (whether or not from the Originator) in connection with any Cartus CMSC Purchased Asset (which power of attorney may be exercised by the BuyerIssuer’s successors and assigns in accordance with Section 8.4 and Section 11.12(b)).
(c) The Originator shall perform all of its obligations hereunder and under the Pool Relocation Management Agreements and other Contracts related to the Cartus CMSC Fee Purchased Assets to which it is a party (other than those obligations undertaken by the Buyer Issuer as provided in Section 7.4(b)) to the same extent as if such Cartus CMSC Fee Purchased Assets had not been sold hereunder, and the exercise by the Buyer Issuer or its designee or assignee of the BuyerIssuer’s rights hereunder or in connection herewith shall not relieve the Originator from any of its obligations under any such Pool Relocation Management Agreements or Contracts related to the Cartus CMSC Fee Purchased Assets to which it is a party. Notwithstanding the foregoing, the Originator acknowledges that the Buyer Issuer or its designees are entitled to perform such obligations to the extent permitted under the Transaction Documents.
Appears in 1 contract
Responsibilities of the Originator. Anything herein to the contrary notwithstanding:
(a) The Originator agrees to deliver directly to the Servicer (for the Buyer’s account), within one Business Day after receipt thereof, any Cartus CMSC Collections or CRC CMGFSC Collections that it receives, in the form so received, and agrees that all such Cartus CMSC Collections and CRC CMGFSC Collections will be deemed to be received in trust for the Buyer and its assignees and will be maintained and segregated separate and apart from all other funds and moneys of the Originator until delivery of such Cartus CMSC Collections and CRC CMGFSC Collections to the Servicer; and
(b) The Originator hereby grants to the Buyer an irrevocable power of attorney, with full power of substitution, coupled with an interest, to take in the name of the Originator all steps necessary or advisable to endorse, negotiate or otherwise realize on any writing or other right of any kind held or transmitted by the Originator or transmitted or received by the Buyer (whether or not from the Originator) in connection with any Cartus CMSC Purchased Asset (which power of attorney may be exercised by the Buyer’s successors and assigns in accordance with Section 8.4 and Section 11.12(b)).
(c) The Originator shall perform all of its obligations hereunder and under the Pool Relocation Management Agreements and other Contracts related to the Cartus CMSC Purchased Assets to which it is a party (other than those obligations undertaken by the Buyer as provided in Section 7.4(b)) to the same extent as if such Cartus CMSC Purchased Assets had not been sold hereunder, and the exercise by the Buyer or its designee or assignee of the Buyer’s rights hereunder or in connection herewith shall not relieve the Originator from any of its obligations under any such Pool Relocation Management Agreements or Contracts related to the Cartus CMSC Purchased Assets to which it is a party. Notwithstanding the foregoing, the Originator acknowledges that the Buyer or its designees are entitled to perform such obligations to the extent permitted under the Transaction Documents.
Appears in 1 contract
Sources: Purchase Agreement (Realogy Corp)