Common use of Limitation on Resignation of Master Servicer Clause in Contracts

Limitation on Resignation of Master Servicer. The Master Servicer shall not resign from the obligations and duties hereby imposed on it except upon determination that its duties hereunder are no longer permissible under applicable law. Any such determination permitting the resignation of the Master Servicer shall be evidenced by an Opinion of Counsel to such effect delivered to the Trustee. No such resignation shall become effective until the Trustee or a successor servicer to such appointment shall have assumed the Master Servicer's responsibilities, duties, liabilities and obligations hereunder.

Limitation on Resignation of Master Servicer. The Master Servicer shall not resign from the obligations and duties hereby imposed on it except upon determination that its duties hereunder are no longer permissible under applicable law. Any such determination permitting the resignation of the Master Servicer shall be evidenced by an Opinion of Counsel to such effect delivered to the Trustee. No such resignation shall become effective until the Trustee or a successor servicer to such appointment shall have assumed the Master Servicer's ’s responsibilities, duties, liabilities and obligations hereunder.

Limitation on Resignation of Master Servicer. The Master Servicer shall not resign from the obligations and duties hereby imposed on it except upon determination that its duties hereunder are no longer permissible under applicable law. Any such determination permitting the resignation of the Master Servicer shall be evidenced by an Opinion of Counsel to such effect delivered to the TrusteeTrustee and the Mortgage Pool Insurer. No such resignation shall become effective until the Trustee or a successor servicer to such appointment shall have assumed the Master Servicer's responsibilities, duties, liabilities and obligations hereunder.

Limitation on Resignation of Master Servicer. The Master Servicer shall not resign from the obligations and duties hereby imposed on it except (i) upon determination that its duties hereunder are no longer permissible under applicable law. Any such determination permitting the resignation law or (ii) upon appointment of the Master Servicer shall be evidenced by an Opinion of Counsel to such effect delivered to the Trustee. No such resignation shall become effective until the Trustee or a successor servicer that is reasonably acceptable to such appointment the Trustee and the NIM Insurer and the written confirmation from each Rating Agency (which confirmation shall have assumed be furnished to the Master Servicer's responsibilitiesDepositor, duties, liabilities the Trustee and obligations hereunder.the NIM 133

Limitation on Resignation of Master Servicer. The Master Servicer shall not resign from the obligations and duties hereby imposed on it except (i) upon determination that its duties hereunder are no longer permissible under applicable law. Any such determination permitting the resignation law or (ii) upon appointment of the Master Servicer shall be evidenced by an Opinion of Counsel to such effect delivered to the Trustee. No such resignation shall become effective until the Trustee or a successor servicer that is reasonably acceptable to the Trustee and the Guarantor and the written confirmation from each Rating Agency (which confirmation shall be furnished to the Depositor, the Guarantor and the Trustee) that such appointment shall have assumed resignation will not cause such Rating Agency to reduce the Master Servicer's responsibilities, duties, liabilities and obligations hereunder.then current rating of the

Limitation on Resignation of Master Servicer. The Master Servicer shall not resign from the obligations and duties hereby imposed on it except (i) upon determination that its duties hereunder are no longer permissible under applicable law. Any such determination permitting the resignation law or (ii) upon appointment of the Master Servicer shall be evidenced by an Opinion of Counsel to such effect delivered to the Trustee. No such resignation shall become effective until the Trustee or a successor servicer that is reasonably acceptable to such appointment the Trustee and the NIM Insurer and the written confirmation from each Rating Agency (which confirmation shall have assumed be furnished to the Master Servicer's responsibilitiesDepositor, duties, liabilities the Trustee and obligations hereunder.the NIM