EX-10.6
from 10-K
25 pages
Whereas, Ocwen and Altisource Portfolio Solutions S.A. (Formerly Known as Altisource Portfolio Solutions S.À R.L., Formerly Known as Ocwen Luxembourg S.À R.L.), the Sole Parent of Altisource (“Altisource Parent”), Are Parties to a Separation Agreement Dated as of August 10, 2009 (The “Separation Agreement”), Pursuant to Which Ocwen Will (I) Separate the Altisource Business (As Defined in the Separation Agreement) and (II) Distribute (The “Separation”) to the Holders of Shares of Ocwen’s Outstanding Capital Stock All of the Outstanding Capital Stock of Altisource Parent; Whereas, Following the Separation, Altisource Will Operate the Altisource Business, and Ocwen Will Operate the Ocwen Business (As Defined in the Separation Agreement); and Whereas, Following the Separation, Ocwen Desires to Receive, and Altisource Is Willing to Provide, or Cause to Be Provided, Certain Services in Connection With the Ocwen Business, in Each Case Subject to the Terms and Conditions of This Agreement. Now, Therefore, in Consideration of the Mutual Agreements, Provisions and Covenants Contained in This Agreement, the Parties Agree as Follows: 1. Definitions. (A) Capitalized Terms Used Herein and Not Otherwise Defined Have the Meanings Given to Such Terms in the Separation Agreement. (B) for the Purposes of This Agreement, the Following Terms Shall Have the Following Meanings
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