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

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.

Appears in 2 contracts

Samples: Pooling and Servicing Agreement (Contisecurities Asset Funding Corp), Grantor Trust Agreement (Contimortgage Home Equity Trust 1997-5)

AutoNDA by SimpleDocs

Removal of Servicer; Resignation of Servicer. (a) 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.

Appears in 1 contract

Samples: Grantor Trust Agreement (Green Tree Financial Corp)

AutoNDA by SimpleDocs

Removal of Servicer; Resignation of Servicer. (a) a. The removal or resignation pursuant to the Pooling and Servicing Agreement of the Servicer as defined in pursuant to 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 hereunder (such removals or resignation of the Servicer hereunder as it does in the Pooling and Servicing Agreementherein called a "Service Transfer").

Appears in 1 contract

Samples: Trust Agreement (Conseco Finance Securitizations Corp)

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