Transition Costs

Transition Costs. Shall mean reasonable costs and expenses incurred by or payable to the successor Collection Agent in connection with the transfer of servicing (whether due to termination, resignation or otherwise) from the Collection Agent to such successor Collection Agent, which shall be approved in writing by the Insurer; provided, however, that in no event shall the Transition Costs exceed $200,000 without the prior written... consent of the Insurer. View More

Transition Costs. Will have the meaning set out in Subsection 31;