Common use of Removal of Credit Risk Manager Clause in Contracts

Removal of Credit Risk Manager. The Credit Risk Manager may be removed as Credit Risk Manager by Certificateholders holding not less than a 66-2/3% Voting Interests in the Trust, in the exercise of its or their sole discretion, at any time, without cause, upon ten (10) days prior written notice. The Certificateholders shall provide such written notice to the Trustee and upon receipt of such notice, the Trustee shall provide written notice to the Credit Risk Manager of its removal, effective upon receipt of such notice.

Removal of Credit Risk Manager. The Credit Risk Manager may be removed as Credit Risk Manager by Certificateholders holding not less than a 66-66 2/3% Voting Interests in the Trust, in the exercise of its or their sole discretion, at any time, without cause, upon ten (10) days prior written notice. The Certificateholders shall provide such written notice to the Trustee and upon receipt of such notice, the Trustee shall provide written notice to the Credit Risk Manager of its removal, effective upon receipt of such notice.

Removal of Credit Risk Manager. The Credit Risk Manager may be removed as Credit Risk Manager by Certificateholders holding not less than a 66-2/3% Voting Interests in the TrustDepositor, in the exercise of its or their sole discretion, at any time, without cause, upon ten (10) 90 days prior written notice. The Certificateholders Depositor shall provide such written notice to the Trustee and upon receipt of such notice, the Trustee shall provide written notice to the Credit Risk Manager of its removal, effective upon receipt of such notice.

Removal of Credit Risk Manager. The Credit Risk Manager may be removed as Credit Risk Manager by the Depositor at any time, without cause, with the consent of Certificateholders holding not less than a 66-2/3% of the Voting Interests in the Trust, in the exercise of its or their sole discretion, at any time, without causeRights, upon ten (10) days prior written notice. The Certificateholders Depositor shall provide such written notice to the Trustee and upon receipt of such noticenotice and evidence of such Certificateholders’ consent, the Trustee shall provide written notice to the Credit Risk Manager of its removal, effective upon receipt of such notice.

Removal of Credit Risk Manager. The Credit Risk Manager may be removed as Credit Risk Manager by Certificateholders holding not less than a 66-2/3% 662/3 percent Voting Interests in the Trust, in the exercise of its or their sole discretion, at any time, without cause, upon ten (10) days prior written notice. The Certificateholders shall provide such written notice to the Trustee and upon receipt of such notice, the Trustee shall provide written notice to the Credit Risk Manager of its removal, effective upon receipt of such notice.

Removal of Credit Risk Manager. The Credit Risk Manager may be removed as Credit Risk Manager by Certificateholders Securityholders holding not less than a 66-2/3% Voting Interests in the TrustInterests, in the exercise of its or their sole discretion, at any time, without cause, upon ten (10) days prior written notice. The Certificateholders Securityholders shall provide such written notice to the Indenture Trustee and upon receipt of such notice, the Indenture Trustee shall provide written notice to the Credit Risk Manager of its removal, effective upon receipt of such notice.

Removal of Credit Risk Manager. The Credit Risk Manager may be removed as Credit Risk Manager by Certificateholders holding not less than a 66-2/3% Voting Interests in the TrustDepositor, in the exercise of its or their sole discretion, at any time, without cause, upon ten (10) 90 days prior written notice. The Certificateholders Depositor shall provide such written notice to the Trustee and the Securities Administrator, and upon receipt of such notice, the Trustee Securities Administrator shall provide written notice to the Credit Risk Manager of its removal, effective upon receipt of such notice.

Removal of Credit Risk Manager. The Credit Risk Manager may be removed as Credit Risk Manager by Certificateholders holding not less than a 66-2/3% Voting Interests in the TrustDepositor, in the exercise of its or their sole discretion, at any time, without cause, upon ten (10) 90 days prior written notice. The Certificateholders Depositor shall provide such written notice to the Indenture Trustee and the Administrator, and upon receipt of such notice, the Trustee Administrator shall provide written notice to the Credit Risk Manager of its removal, effective upon receipt of such notice.

Removal of Credit Risk Manager. The Credit Risk Manager may be removed as Credit Risk Manager by Certificateholders holding not less than a 66-2/3662/3% Voting Interests in the Trust, in the exercise of its or their sole discretion, at any time, without cause, upon ten (10) days prior written notice. The Certificateholders shall provide such written notice to the Trustee and upon receipt of such notice, the Trustee shall provide written notice to the Credit Risk Manager of its removal, effective upon receipt of such notice.

Removal of Credit Risk Manager. The Credit Risk Manager may be removed as Credit Risk Manager by Certificateholders holding not less than a 66-2/3% Voting Interests in the Trust, in the exercise of its or their sole discretion, at any time, without cause, upon ten (10) days prior written notice. The Certificateholders shall provide such written notice to the Trustee or the Securities Administrator and upon receipt of such notice, the Trustee or the Securities Administrator, as applicable, shall provide written notice to the Credit Risk Manager of its removal, effective upon receipt of such notice.

Removal of Credit Risk Manager. The Credit Risk Manager may be removed as Credit Risk Manager by Certificateholders holding not less than a 66-2/3% 66 2/3 percent Voting Interests in the Trust, in the exercise of its or their sole discretion, at any time, without cause, upon ten (10) days prior written notice. The Certificateholders shall provide such written notice to the Trustee and upon receipt of such notice, the Trustee shall provide written notice to the Credit Risk Manager of its removal, effective upon receipt of such notice.

Removal of Credit Risk Manager. The Credit Risk Manager may be removed as Credit Risk Manager by any NIMS Insurer or the Certificateholders holding not less than a 66-2/3% Voting Interests in the Trust, in the exercise of its or their sole discretion, at any time, without cause, upon ten (10) days prior written notice. The Certificateholders NIMS Insurer or the Certificateholders, as applicable, shall provide such written notice to the Trustee and upon receipt of such notice, the Trustee shall provide written notice to the Credit Risk Manager of its removal, effective upon receipt of such notice.. 183

Removal of Credit Risk Manager. The Credit Risk Manager may be removed as Credit Risk Manager by the Depositor at any time, without cause, with the consent of Certificateholders holding not less than a 66-2/3% 66⅔% of the Voting Interests in the Trust, in the exercise of its or their sole discretion, at any time, without causeRights, upon ten (10) days prior written notice. The Certificateholders Depositor shall provide such written notice to the Trustee and upon receipt of such noticenotice and evidence of such Certificateholders’ consent, the Trustee shall provide written notice to the Credit Risk Manager of its removal, effective upon receipt of such notice.

Removal of Credit Risk Manager. The Credit Risk Manager may be removed as Credit Risk Manager by Certificateholders holding not less than a 66-66 2/3% Voting Interests Interest in the Trust, in the exercise of its or their sole discretion, at any time, without cause, upon ten (10) days prior written notice. The Certificateholders shall provide such written notice to the Trustee and upon receipt of such notice, the Trustee shall provide written notice to the Credit Risk Manager of its removal, effective upon receipt of such notice.

Removal of Credit Risk Manager. The Credit Risk Manager may be removed as Credit Risk Manager by Certificateholders holding not less than a 66-2/3% Voting Interests in the TrustDepositor, in the exercise of its or their sole discretion, at any time, without cause, upon ten (10) 90 days prior written notice. The Certificateholders Depositor shall provide such written notice to the Indenture Trustee and the Administrator, and upon receipt of such notice, the Trustee Administrator shall provide written notice to the Credit Risk Manager of its removal, effective upon receipt of such notice.. ARTICLE IIIA ADMINISTRATION AND MASTER SERVICING OF MORTGAGE LOANS Section 3A.1

Removal of Credit Risk Manager. The Credit Risk Manager may be removed as Credit Risk Manager by Certificateholders holding not less than a 66-2/3662/3% Voting Interests Interest in the Trust, in the exercise of its or their sole discretion, at any time, without cause, upon ten (10) days prior written notice. The Certificateholders shall provide such written notice to the Trustee and upon receipt of such notice, the Trustee shall provide written notice to the Credit Risk Manager of its removal, effective upon receipt of such notice.

Removal of Credit Risk Manager. The Credit Risk Manager may be removed as Credit Risk Manager by Certificateholders holding not less than a 66-2/3% 2/3 percent Voting Interests in the Trust, in the exercise of its or their sole discretion, at any time, without cause, upon ten (10) days prior written notice. The Certificateholders shall provide such written notice to the Trustee and upon receipt of such notice, the Trustee shall provide written notice to the Credit Risk Manager of its removal, effective upon receipt of such notice.

Removal of Credit Risk Manager. The Credit Risk Manager may be removed as Credit Risk Manager by Certificateholders holding not less than a 66-2/3% Voting Interests in the Trust, in the exercise of its or their sole discretion, at any time, without cause, upon ten (10) days prior written notice. The Certificateholders shall provide such written notice to the Trustee and upon receipt of such notice, the Trustee shall provide written notice to the Credit Risk Manager of its removal, effective upon receipt of such notice.. 165

Removal of Credit Risk Manager. The Credit Risk Manager may be removed as Credit Risk Manager by Certificateholders holding not less than a 66-2/3% 66⅔% Voting Interests Interest in the Trust, in the exercise of its or their sole discretion, at any time, without cause, upon ten (10) days prior written notice. The Certificateholders shall provide such written notice to the Trustee and upon receipt of such notice, the Trustee shall provide written notice to the Credit Risk Manager of its removal, effective upon receipt of such notice.

Removal of Credit Risk Manager. The Credit Risk Manager may be removed as Credit Risk Manager by Certificateholders holding not less than a 66-2/3% Voting Interests in the TrustTrust Fund, in the exercise of its or their sole discretion, at any time, without cause, upon ten (10) days prior written notice. The Certificateholders shall provide such written notice to the Trustee and upon receipt of such notice, the Trustee shall provide written notice (with a copy to the Master Servicer) to the Credit Risk Manager of its removal, effective upon receipt of such notice.

Removal of Credit Risk Manager. 180 The Credit Risk Manager may be removed as Credit Risk Manager by Certificateholders holding not less than a 66-2/3% Voting Interests in the Trust, in the exercise of its or their sole discretion, at any time, without cause, upon ten (10) days prior written notice. The Certificateholders shall provide such written notice to the Trustee and upon receipt of such notice, the Trustee shall provide written notice to the Credit Risk Manager of its removal, effective upon receipt of such notice.. 181

Removal of Credit Risk Manager. The Credit Risk Manager may be removed as Credit Risk Manager by Certificateholders holding not less than a 66-2/3% Voting Interests in the TrustDepositor, in the exercise of its or their sole discretion, at any time, without cause, upon ten (10) 90 days prior written notice. The Certificateholders Depositor shall provide such written notice to the Trustee and the Securities Administrator, and upon receipt of such notice, the Trustee Securities Administrator shall provide written notice to the Credit Risk Manager of its removal, effective upon receipt of such notice.. ARTICLE IIIA

Removal of Credit Risk Manager. The Credit Risk Manager may be removed as Credit Risk Manager by Certificateholders holding not less than a 66-2/3% Voting Interests in the Trust, in the exercise of its or their sole discretion, at any time, without cause, upon ten (10) days prior written notice. The Certificateholders shall provide such written notice to the Trustee and upon receipt of such notice, the Trustee shall provide written notice to the Credit Risk Manager of its removal, effective upon receipt of such notice.. 164