Replacement of Trustee or Certificate Administrator. No resignation or removal of the Trustee or the Certificate Administrator and no appointment of a successor Trustee or successor Certificate Administrator shall become effective until the acceptance of appointment by the successor Trustee or successor Certificate Administrator pursuant to this Section 8.08. The Trustee or the Certificate Administrator may resign at any time by so notifying the Trustee, the Certificate Administrator and the Company. The Majority Certificateholders may at any time remove the Trustee or the Certificate Administrator by so notifying the Company and the Trustee or the Certificate Administrator, as applicable, and the Company and may appoint a successor Trustee or successor Certificate Administrator. The Company shall remove the Trustee or the Certificate Administrator, as the case may be, if:
Appears in 5 contracts
Samples: Pooling and Servicing Agreement (Novastar Mortgage Funding Trust Series 2002-1), Pooling and Servicing Agreement (Novastar Mortgage Funding Corp Series 2002-2), Pooling and Servicing Agreement (Novastar Mortgage Funding Corp Trust Series 2002-3)
Replacement of Trustee or Certificate Administrator. No resignation or removal of the Trustee or the Certificate Administrator and no appointment of a successor Trustee or successor Certificate Administrator shall become effective until the acceptance of appointment by the successor Trustee or successor Certificate Administrator pursuant to this Section 8.08. The Trustee or the Certificate Administrator may resign at any time by so notifying the Trustee, the Certificate Administrator and the CompanyDepositor. The Majority Certificateholders may at any time remove the Trustee or the Certificate Administrator by so notifying the Company Depositor and the Trustee or the Certificate Administrator, as applicable, and the Company Depositor and may appoint a successor Trustee or successor Certificate Administrator. The Company Depositor shall remove the Trustee or the Certificate Administrator, as the case may be, if:
Appears in 2 contracts
Samples: Pooling and Servicing Agreement (Residential Asset Funding Corp), Pooling and Servicing Agreement (Residential Asset Funding Corp)
