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:
Appears in 3 contracts
Samples: Pooling and Servicing Agreement (Equivantage Acceptance Corp), Pooling and Servicing Agreement (Equivantage Acceptance Corp), Pooling and Servicing Agreement (Equivantage Acceptance Corp)
Removal of Servicer; Resignation of Servicer. (a) The Certificate Insurer (or, with the consent of the Certificate Insurer, the Majority HoldersOwners) may remove the Servicer upon the occurrence of any of the following events (each, an "Event of Default"); provided, 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:
Appears in 2 contracts
Samples: Pooling and Servicing Agreement (Equivantage Acceptance Corp), Pooling and Servicing Agreement (Equivantage Acceptance Corp)
