Special Termination Events. If, as of any date of determination, any of the circumstances described herein as a “Trigger Event” shall exist with respect to any group of Mortgage Loans transferred to Servicer on a single Closing Date, the Seller and the Master Servicer shall have the right, by notice in writing to the Servicer, to terminate all of the rights and obligations of the Servicer under the Agreement with respect to such group of Mortgage Loans.
Appears in 3 contracts
Samples: Securitization Servicing Agreement (Structured Asset Sec Corp Mort Pas THR Certs Ser 2003 S1), Securitization Servicing Agreement (Aames Mortgage Tr Mort Pas Thru Cert Sers 2003-1), Securitization Servicing Agreement (Structured Asset Inv Loan Mort Pass Thru Cer Ser 2003-Bc7)
Special Termination Events. If, as of any date of determination, any of the circumstances described herein as a “Trigger Event” shall exist with respect to any group of Mortgage Loans transferred to Servicer on a single Closing Date, the Seller and the Master Servicer shall have the right, by notice in writing to the Servicer, to terminate all of the rights and obligations of the Servicer under the Securitization Servicing Agreement with respect to such group of Mortgage Loans.
Appears in 1 contract
Samples: Securitization Servicing Agreement (Structured Asset Sec Corp Mort Pass THR Certs Ser 2003 Am1)
