Common use of Appointment of Successor Backup Servicer; Successor Backup Servicer to Act Clause in Contracts

Appointment of Successor Backup Servicer; Successor Backup Servicer to Act. (a) The Backup Servicer may be removed, with or without cause, by the Majority Noteholders or the Indenture Trustee, by notice given in writing to the Backup Servicer (the "Backup Servicer Termination Notice").

Appears in 3 contracts

Samples: Sale and Servicing Agreement (Capitalsource Inc), Sale and Servicing Agreement (Capitalsource Inc), Sale and Servicing Agreement (Capitalsource Inc)

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Appointment of Successor Backup Servicer; Successor Backup Servicer to Act. (a) The Backup Servicer may be removed, with or without cause, by the Majority Noteholders or the Indenture Trustee, by notice given in writing to the Backup Servicer (the "Backup Servicer Termination Notice").the

Appears in 1 contract

Samples: Sale and Servicing Agreement (Capitalsource Inc)

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