Removal of Servicer; Resignation of Servicer. (a) The Certificate Insurer (or Trustee with the consent of the Certificate Insurer and acting upon the request of a majority of the Percentage Interests of the Offered Certificates then Outstanding), may remove the Servicer upon the occurrence of any of the following events:
Removal of Servicer; Resignation of Servicer. (a) The Certificate Insurer (or, with the consent of the Certificate Insurer, the Majority Holders) may remove the Servicer upon the occurrence of any of the following events (each, an "Event of Default"); provided, in the event of an Event of Default pursuant to clauses (ix), (x) or (xi) below, the Certificate Insurer may consider whether such Event of Default is related to the Servicer's performance, the credit quality of the Mortgage Loans or economic conditions beyond the control of the Servicer:
Removal of Servicer; Resignation of Servicer. (a) The removal or resignation pursuant to the Pooling and Servicing Agreement of the Servicer as defined in the Pooling and Servicing Agreement shall also constitute a removal or resignation of the Servicer hereunder. The Certificate Insurer shall have the same rights concerning removal or resignation of the Servicer hereunder as it does in the Pooling and Servicing Agreement.
Removal of Servicer; Resignation of Servicer. (a) The Trustee may (or the Trustee acting upon the request of a majority of the Percentage Interests of the Offered Certificates then Outstanding shall) remove the Servicer upon the occurrence of any of the following events:
Removal of Servicer; Resignation of Servicer. (a) The Depositor (or the Trustee with consent of the Depositor) with the consent of the Certificate Insurer (unless a Certificate Insurer Default has occurred and is continuing), which consent shall not be unreasonably withheld may terminate Fairbanks or Wilshire as a Servicer hereunder with respect to the Fairbanks Mortgage Loans or the Wilshire Mortgage Loans, as applicable, without cause, effective upon the giving of written notice on the date set forth in such notice (unless such Servicer shall have received a notice of extension, executed by a duly authorized Person on behalf of the Depositor or the Trustee, as applicable, which notice the Depositor or Trustee may withhold in its sole discretion), that this Agreement shall have been terminated in whole, or that this Agreement shall have been terminated in part with respect to the servicing of the Mortgage Loans specified in such notice, without any further notice or demand, but, except as otherwise agreed by the relevant Servicer with the Depositor in the case of a termination by the relevant Servicer, subject to the payment of the termination fee set forth in SECTION 8.18(D) by the Depositor (such event, a "SERVICER TERMINATION EVENT"). Any such notice of termination shall be in writing and delivered to the relevant Servicer as provided in SECTION 12.19.
Removal of Servicer; Resignation of Servicer. (a) The Indenture Trustee, with the consent of the Credit Enhancer and the Owner Trustee or the Credit Enhancer may remove the Servicer upon the occurrence of any of the following events (each, an "Event of Default"):
Removal of Servicer; Resignation of Servicer. (a) The Master Servicer may remove the Servicer upon the occurrence of any of the following events (each, a "Servicer Termination Event"):
Removal of Servicer; Resignation of Servicer. (a) The Depositor (or the Trustee with consent of the Depositor), may terminate GMACM as a Servicer hereunder with respect to the GMACM Mortgage Loans without cause, effective upon the giving of written notice on the date set forth in such notice (unless GMACM shall have received a notice of extension, executed by a duly authorized Person on behalf of the Depositor or the Trustee, as applicable, which notice the Depositor or Trustee may withhold in its sole discretion), that this Agreement shall have been terminated in whole, or that this Agreement shall have been terminated in part with respect to the servicing of the GMACM Mortgage Loans specified in such notice, without any further notice or demand, but, except as otherwise agreed by GMACM with the Depositor in the case of a termination by GMACM, subject to the payment of the termination fee set forth in Section 8.18(d) by the Depositor (such event, a "Servicer Termination Event"). Any such notice of termination shall be in writing and delivered to GMACM as provided in Section 12.19.
Removal of Servicer; Resignation of Servicer. ..96 Section 8.21. Inspections by Certificate Insurer; Errors and Omissions Insurance.............................101 Section 8.22. Merger, Conversion, Consolidation or Succession to Business of Servicer.........................102 Section 8.23. Financial Statements............................103 Section 8.24. REMIC...........................................103 Section 8.25. The Designated Depository Institution...........103 Section 8.26. Appointment of Custodian........................103 Section 8.27. Indemnification by the Sponsor and Servicer.....103
Removal of Servicer; Resignation of Servicer. The Certificate Insurer (or Trustee with the consent of the Certificate Insurer and acting upon the request of a majority of the Percentage Interests of the Offered Certificates then Outstanding), may remove the Servicer upon the occurrence of any of the following events: The Servicer shall (I) apply for or consent to the appointment of a receiver, trustee, liquidator or custodian or similar entity with respect to itself or its property, (II) admit in writing its inability to pay its debts generally as they become due, (III) make a general assignment for the benefit of creditors, (IV) be adjudicated a bankrupt or insolvent, (V) commence a voluntary case under the federal bankruptcy laws of the United States of America or file a voluntary petition or answer seeking reorganization, an arrangement with creditors or an order for relief or seeking to take advantage of any insolvency law or file an answer admitting the material allegations of a petition filed against it in any bankruptcy, reorganization or insolvency proceeding or (VI) take corporate action for the purpose of effecting any of the foregoing; or If without the application, approval or consent of the Servicer, a proceeding shall be instituted in any court of competent jurisdiction, under any law relating to bankruptcy, insolvency, reorganization or relief of debtors, seeking in respect of the Servicer an order for relief or an adjudication in bankruptcy, reorganization, dissolution, winding up, liquidation, a composition or arrangement with creditors, a readjustment of debts, the appointment of a trustee, receiver, liquidator or custodian or similar entity with respect to the Servicer or of all or any substantial part of its assets, or other like relief in respect thereof under any bankruptcy or insolvency law, and, if such proceeding is being contested by the Servicer in good faith, the same shall (A) result in the entry of an order for relief or any such adjudication or appointment or (B) continue undismissed or pending and unstayed for any period of seventy-five (75) consecutive days; or The Servicer shall fail to perform any one or more of its obligations hereunder and shall continue in default thereof for a period of thirty (30) days (one (1) Business Day in the case of a delay in making a required payment to the Trustee under Section 8.08(d)(ii)(a)) after the earlier of (a) actual knowledge of an officer of the Servicer or (b) receipt of notice from the Trustee or the Certificate Insurer of s...
