Common use of Agency Termination Clause in Contracts

Agency Termination. Upon the receipt by any Obligor of any notice received from Xxxxxxx Mac, Xxxxxx Xxx or Xxxxxx Xxx terminating, or indicating any intent to terminate, or indicating any adverse fact or circumstance which could reasonably be expected to entitle Xxxxxxx Mac, Xxxxxx Xxx or Xxxxxx Xxx to terminate, such Obligor for cause from any servicing arrangement with such agency, it shall furnish or cause to be furnished to the Lender Agent, the First Priority Collateral Agent and the Collateral Control Agent notice thereof;

Appears in 1 contract

Samples: Master Custodial Agreement (Residential Capital, LLC)

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Agency Termination. Upon the receipt by any Obligor Guarantor of any notice received from Xxxxxxx Mac, Xxxxxx Xxx or Xxxxxx Xxx terminating, or indicating any intent to terminate, or indicating any adverse fact or circumstance which could reasonably be expected to entitle Xxxxxxx Mac, Xxxxxx Xxx or Xxxxxx Xxx to terminate, such Obligor Guarantor for cause from any servicing arrangement with such agency, it shall furnish or cause to be furnished to the Lender Agent, the First Priority Collateral Agent and the Collateral Control Credit Agent notice thereof;

Appears in 1 contract

Samples: Credit Agreement (Residential Capital, LLC)

Agency Termination. Upon the receipt by any Obligor Guarantor of any notice received from Xxxxxxx Mac, Xxxxxx Xxx or Xxxxxx Xxx terminating, or indicating any intent to terminate, or indicating any adverse fact or circumstance which could reasonably be expected to entitle Xxxxxxx Mac, Xxxxxx Xxx or Xxxxxx Xxx to terminate, such Obligor Guarantor for cause from any servicing arrangement with such agency, it shall furnish or cause to be furnished to the Lender Agent, the First Priority Collateral Agent and the Collateral Control Agent notice thereofthereof unless it shall have provided GMAC notice thereof pursuant to a Related Document;

Appears in 1 contract

Samples: Loan Agreement

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Agency Termination. Upon the receipt by any Obligor Guarantor of any notice received from Xxxxxxx Mac, Xxxxxx Xxx or Xxxxxx Xxx terminating, or indicating any intent to terminate, or indicating any adverse fact or circumstance which could reasonably be expected to entitle Xxxxxxx Mac, Xxxxxx Xxx or Xxxxxx Xxx to terminate, such Obligor Guarantor for cause from any servicing arrangement with such agency, it shall furnish or cause to be furnished to the Lender Agent, the First Priority Collateral Agent and the Collateral Control Agent notice thereof;

Appears in 1 contract

Samples: Loan Agreement (Residential Capital, LLC)

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