Common use of Servicing Termination Event Clause in Contracts

Servicing Termination Event. A Servicing Termination Event shall have occurred and Sellers have failed to replace Servicer within thirty (30) days of such occurrence; OR

Servicing Termination Event. A Servicing Termination Event shall have occurred and Sellers have failed to replace identify a replacement Servicer within thirty (30) days and transfer servicing to such replacement Servicer acceptable by Buyer in its good faith discretion within sixty (60) days of such occurrence; OR.

Servicing Termination Event. A Servicing Termination Event shall have occurred and Sellers have failed to replace Servicer within thirty (30) days of such occurrence; ORor