Common use of Termination by Freddie Mac Clause in Contracts

Termination by Freddie Mac. At its sole discretion, Freddie Mac may, upon 30 days notice to Seller/Servicer and Designated Custodian, terminate this Agreement (a “Termination Without Cause”) and require Seller/Servicer to transfer all Notes and Assignments to another Document Custodian and/or the related Assignments to Seller/Servicer within 30 days of the date of such notice. Notwithstanding any other right of Freddie Mac to require Seller/Servicer to discontinue the use of a Document Custodian, Freddie Mac may give notice that it will terminate this Agreement and require that all Notes and Assignments to be transferred immediately to another Document Custodian, or the Notes as directed by Freddie Mac and the related Assignments to Seller/Servicer, immediately upon occurrence of any of the following (a “Termination With Cause”):

Termination by Freddie Mac. At its sole discretion, Freddie Mac may, upon 30 days written notice to Seller/Servicer and Designated Custodian, terminate this Agreement (a “Termination Without Cause”) and require Seller/Servicer to transfer all Notes and Assignments to another Document Custodian and/or the related Assignments to Seller/Servicer within 30 days of the date of such notice. Notwithstanding any other right of Freddie Mac to require Seller/Servicer to discontinue the use of a Document Custodian, Freddie Mac may give notice that it will terminate this Agreement and require that all Notes and Assignments to be transferred immediately to another Document Custodian, or the Notes as directed by Freddie Mac and the related Assignments to Seller/Servicer, immediately upon occurrence of any of the following (a “Termination With Cause”):

Termination by Freddie Mac. At its sole discretion, Freddie Mac may, upon 30 days written notice to Seller/Servicer and Designated Custodian, terminate this Agreement (a “Termination Without Cause”) and require Seller/Servicer to transfer all Notes and Assignments to another Document Custodian and/or and the related Assignments to Seller/Servicer within 30 days of the date of such notice. Notwithstanding any other right of Freddie Mac to require Seller/Servicer to discontinue the use of a Document Custodian, Freddie Mac may give notice that it will terminate this Agreement and require that all Notes and Assignments to be transferred immediately to another Document Custodian, or the Notes as directed by Freddie Mac and the related Assignments to Seller/Servicer, immediately upon occurrence of any of the following (a “Termination With Cause”):