Servicer Termination. At the direction of the Certificate Insurer, or the Oversight Agent (with the prior consent of the Certificate Insurer) or the Owners of a majority or 331/3, as applicable, of the Percentage Interests of the Class A Certificates (with the prior consent of the Certificate Insurer), the Trustee, on behalf of the Trust and the Owners, shall terminate the Servicer upon the occurrence and continuance of an Event of Servicing Termination pursuant to Section 8.20 hereof.
Appears in 2 contracts
Samples: Pooling and Servicing Agreement (First Alliance Mortgage Loan Trust 1999-2), Pooling and Servicing Agreement (First Alliance Mortgage Loan Trust 1999-1)
Servicer Termination. At the direction of the Certificate Insurer, or the Oversight Agent (with the prior consent of the Certificate Insurer) or the Owners of a majority or 331/333|_|%, as applicable, of the Percentage Interests of the Class A Certificates (with the prior consent of the Certificate Insurer), the Trustee, on behalf of the Trust and the Owners, shall terminate the Servicer upon the occurrence and continuance of an Event of Servicing Termination pursuant to Section 8.20 hereof.
Appears in 1 contract
Samples: Pooling and Servicing Agreement (First Alliance Mortgage Loan Trust 1999-4)
Servicer Termination. At the direction of the Certificate Insurer, or the Oversight Agent Master Servicer (with the prior consent of the Certificate Insurer) or the Owners of a majority or 331/3, as applicable, of the Percentage Interests of the Class A Certificates (with the prior consent of the Certificate Insurer), the Trustee, on behalf of the Trust and the Owners, shall terminate the Servicer upon the occurrence and continuance of an Event of Servicing Termination pursuant to Section 8.20 hereof.
Appears in 1 contract
Samples: Pooling and Servicing Agreement (First Alliance Mortgage Loan Trust 1998-4)
