Common use of Removal of Servicer; Resignation of Servicer Clause in Contracts

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:

Appears in 8 contracts

Samples: Pooling and Servicing Agreement (Contisecurities Asset Funding Corp), Pooling and Servicing Agreement (Contisecurities Asset Funding Corp), Pooling and Servicing Agreement (Contisecurities Asset Funding Corp)

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Removal of Servicer; Resignation of Servicer. (a) The Certificate Insurer (or Trustee the Owners, 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), pursuant to Section 6.11 hereof) may remove the Servicer upon the occurrence of any of the following events:

Appears in 2 contracts

Samples: Pooling and Servicing Agreement (Contimortgage Home Equity Loan Trust 1996-4), Pooling and Servicing Agreement (Contisecurities Asset Funding Corp)

Removal of Servicer; Resignation of Servicer. (a) The Certificate Insurer Trustee (or the 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:

Appears in 2 contracts

Samples: Pooling and Servicing Agreement (Contimortgage Home Equity Loan Trust 1997-2), Pooling and Servicing Agreement (Contimortgage Home Equity Loan Trust 1997-1)

Removal of Servicer; Resignation of Servicer. (a) The Certificate Insurer Indenture Trustee (or Trustee the Owners acting on behalf of the Indenture Trustee), with the consent of the Certificate Note Insurer and acting upon or the request of a majority of the Percentage Interests of the Offered Certificates then Outstanding), Note Insurer may remove the Servicer upon the occurrence of any of the following events:events (each, a "Servicer Termination Event"):

Appears in 1 contract

Samples: Sale and Servicing Agreement (Thornburg Mortgage Asset Corp)

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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 Class A and Class B Certificates then Outstanding), may remove the Servicer upon the occurrence of any of the following events:

Appears in 1 contract

Samples: Pooling and Servicing Agreement (Contisecurities Asset Funding Corp)

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:

Appears in 1 contract

Samples: Pooling and Servicing Agreement (Contimortgage Home Equity Loan Trust 1997-3)

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