Optional Removal of Servicer by the Insurer. If any of the following occur, the Insurer shall have the option (but not the obligation), by notice in writing to the Servicer (with a copy to each Rating Agency), to terminate all of the rights and obligations of the Servicer under this Agreement and in and to the Loans and the proceeds thereof, other than its rights as a Certificateholder hereunder:
Appears in 6 contracts
Samples: Pooling and Servicing Agreement (Equity One Abs Inc), Pooling and Servicing Agreement (Equity One Abs Inc), Pooling and Servicing Agreement (Equity One Abs Inc)