Common use of Expenses of Termination Clause in Contracts

Expenses of Termination. The Servicer shall promptly reimburse the Master Servicer (or any designee of the Master Servicer), the Trustee and the Depositor for all reasonable expenses incurred by the Master Servicer (or such designee), the Trustee or the Depositor, as such are incurred, in connection with the termination of the Servicer as servicer and the transfer of servicing of the Mortgage Loans to a successor servicer. The provisions of this paragraph shall not limit whatever rights the Master Servicer, the Trustee or the Depositor may have under other provisions of this Agreement or otherwise, whether in equity or at law, such as an action for damages, specific performance or injunctive relief.

Appears in 73 contracts

Samples: Servicing Agreement (Wells Fargo Mortgage Backed Securities 2006-10 Trust), Servicing Agreement (Wells Fargo Mortgage Backed Securities 2006-Ar13 Trust), Servicing Agreement (Wells Fargo Mortgage Backed Securities 2006-9 Trust)

AutoNDA by SimpleDocs
Time is Money Join Law Insider Premium to draft better contracts faster.