Determination of the Terminating Entity. (a) If any Servicer intends to be the Terminating Entity, such party must give written notice to the Trustee no later than twenty (20) days prior to the first day of the Optional Termination Notice Period. Upon receiving such notice, the Trustee shall immediately request from DLJMC and DLJMC shall deliver no later than seventeen (17) days prior to the first day of the Optional Termination Notice Period a letter indicating whether or not DLJMC retains the servicing rights to any Mortgage Loan.
Appears in 6 contracts
Samples: Pooling and Servicing Agreement (Home Equity Asset Trust 2005-8), Pooling and Servicing Agreement (Home Equity Asset Trust 2006-4), Pooling and Servicing Agreement (Home Equity Asset Trust 2005-7)
Determination of the Terminating Entity. (a) If any Servicer or SPS intends to be the Terminating Entity, such party must give written notice to the Trustee no later than twenty thirty (2030) days prior to the first day of the Optional Termination Notice PeriodDate. Upon receiving such notice, the Trustee shall immediately request from DLJMC and DLJMC shall deliver to the Trustee no later than seventeen twenty-seven (1727) days prior to the first day of the Optional Termination Notice Period Date a letter indicating whether or not DLJMC retains the servicing rights to any Mortgage Loan.
Appears in 4 contracts
Samples: Custodial Agreement (Home Equity Mortgage Trust 2005-5), Custodial Agreement (Home Equity Mortgage Trust 2005-5), Custodial Agreement (Home Equity Mortgage Pass-Through Certificates, Series 2006-1)
Determination of the Terminating Entity. (a) If any Servicer intends to be the Terminating Entity, such party must give written notice to the Trustee Trust Administrator no later than twenty (20) days prior to the first day of the Optional Termination Notice Period. Upon receiving such notice, the Trustee Trust Administrator shall immediately request from DLJMC and DLJMC shall deliver no later than seventeen (17) days prior to the first day of the Optional Termination Notice Period a letter indicating whether or not DLJMC retains the servicing rights to any Mortgage Loan.
Appears in 2 contracts
Samples: Pooling and Servicing Agreement (CSMC Mortgage-Backed Trust 2007-6), Pooling and Servicing Agreement (CSMC Mortgage-Backed Trust 2007-6)
Determination of the Terminating Entity. (a) If any Servicer or [________] intends to be the Terminating Entity, such party must give written notice to the Trustee no later than twenty thirty (2030) days prior to the first day of the Optional Termination Notice PeriodDate. Upon receiving such notice, the Trustee shall immediately request from DLJMC and DLJMC shall deliver to the Trustee no later than seventeen twenty-seven (1727) days prior to the first day of the Optional Termination Notice Period Date a letter indicating whether or not DLJMC retains the servicing rights to any Mortgage Loan.
Appears in 2 contracts
Samples: Pooling and Servicing Agreement (Credit Suisse First Boston Mortgage Securities Corp), Pooling and Servicing Agreement (Credit Suisse First Boston Mortgage Acceptance Corp)
