Common use of Assumption or Termination of Subservicing Agreement by Trustee Clause in Contracts

Assumption or Termination of Subservicing Agreement by Trustee. In connection with the assumption of the responsibilities, duties and liabilities and of the authority, power and rights of each Servicer hereunder by the Trustee pursuant to Section 8.20, it is understood and agreed that such Servicer's rights and obligations under any Subservicing Agreement then in force between such Servicer and a Subservicer may be assumed or terminated by the Trustee at its option. Each Servicer shall, upon request of the Trustee, but at the expense of such Servicer, deliver to the Trustee documents and records relating to each Subservicing Agreement and an accounting of amounts collected and held by such Servicer and otherwise use its best reasonable efforts to effect the orderly and efficient transfer of the Subservicing Agreement to the Trustee.

Assumption or Termination of Subservicing Agreement by Trustee. In connection with the assumption of the responsibilities, duties and liabilities and of the authority, power and rights of each Servicer hereunder by the Trustee pursuant to Section 8.20, it is understood and agreed that such Servicer's rights and obligations under any Subservicing Agreement then in force between such Servicer and a Subservicer may be assumed or terminated by the Trustee at its option. Each Servicer shall, upon request of the Trustee, but at the expense of such Servicer, deliver to the Trustee assuming party documents and records relating to each Subservicing Agreement and an accounting of amounts collected and held by such Servicer and otherwise use its best reasonable efforts to effect the orderly and efficient transfer of the Subservicing Agreement to the Trusteeassuming party.

Assumption or Termination of Subservicing Agreement by Trustee. In connection with the assumption of the responsibilities, duties and liabilities and of the authority, power and rights of each Servicer hereunder by the Trustee pursuant to Section 8.20, it is understood and agreed that such 100 107 Servicer's rights and obligations under any Subservicing Agreement then in force between such Servicer and a Subservicer may be assumed or terminated by the Trustee at its option. Each Servicer shall, upon request of the Trustee, but at the expense of such Servicer, deliver to the Trustee documents and records relating to each Subservicing Agreement and an accounting of amounts collected and held by such Servicer and otherwise use its best reasonable efforts to effect the orderly and efficient transfer of the Subservicing Agreement to the Trustee.