Common use of Removal of Custodian Clause in Contracts

Removal of Custodian. The Trustee at the direction of the Depositor, with or without cause, may upon at least 60 days' notice remove and discharge the Custodian from the performance of its duties under this Agreement by written notice from the Trustee to the Custodian, with a copy to the Servicer. Having given notice of such removal, the Trustee at the direction of the Depositor promptly shall appoint (with the consent of the Servicer) a successor Custodian to act on behalf of the Trustee by written instrument, one original counterpart of which instrument shall be retained by the Trustee, with a copy to each of the Servicer and the Depositor, and an original to the successor Custodian. In the event of any such removal, the Custodian shall, upon the Trustee's surrender of the Trust Receipt and Initial Certifications and Final Certification, as applicable, promptly transfer to the successor Custodian, as directed, all Custodial Files being administered under this Agreement. In the event of any such removal and appointment the Trust Fund shall be responsible for the fees and expenses of the existing and successor Custodian.

Removal of Custodian. The Trustee at the direction of the Depositor, with or without cause, may upon at least 60 days' ’ notice remove and discharge the Custodian from the performance of its duties under this Agreement by written notice from the Trustee to the Custodian, with a copy to the Servicer. Having given notice of such removal, the Trustee at the direction of the Depositor promptly shall appoint (with the consent of the related Servicer) a successor Custodian to act on behalf of the Trustee by written instrument, one original counterpart of which instrument shall be retained by the Trustee, with a copy to each of the related Servicer and the Depositor, and an original to the successor Custodian. In the event of any such removal, the Custodian shall, upon the Trustee's ’s surrender of the Trust Receipt and Initial Certifications and Final Certification, as applicable, promptly transfer to the successor Custodian, as directed, all Custodial Files being administered under this Agreement. In the event of any such removal and appointment the Trust Fund shall be responsible for the fees and expenses of the existing and successor Custodian.

Removal of Custodian. The Trustee at the direction of the or Depositor, with or without cause, may upon at least 60 days' notice remove and discharge the Custodian from the performance of its duties under this Agreement by written notice from the Trustee to the Custodian, with a copy to the Servicer. Having given notice of such removal, the Trustee at the direction of or the Depositor promptly shall appoint (with the consent of the Servicer, which shall not unreasonably be withheld) a successor Custodian to act on behalf of the Trustee by written instrument, one original counterpart of which instrument shall be retained by the Trustee, with a copy to each of the Servicer and the DepositorServicer, and an original to the successor Custodian. In the event of any such removal, the Custodian shall, upon the Trustee's surrender of the Trust Receipt and Initial Certifications and Final CertificationTrust Receipt, as applicable, promptly transfer to the successor Custodian, as directed, all Custodial Files being administered under this Agreement. In the event of any such removal and appointment appointment, the Trustee and the Trust Fund shall be responsible for the fees and expenses of the existing Custodian as set forth in the Section 9. The Trust Fund shall be responsible for the fees and expenses of the successor Custodian.

Removal of Custodian. The Trustee at the direction of the or Depositor, with or without cause, may upon at least 60 days' ’ notice remove and discharge the Custodian from the performance of its duties under this Agreement by written notice from the Trustee to the Custodian, with a copy to the Servicer. Having given notice of such removal, the Trustee at the direction of or the Depositor promptly shall appoint (with the consent of the Servicer, which shall not unreasonably be withheld) a successor Custodian to act on behalf of the Trustee by written instrument, one original counterpart of which instrument shall be retained by the Trustee, with a copy to each of the Servicer and the DepositorServicer, and an original to the successor Custodian. In the event of any such removal, the Custodian shall, upon the Trustee's ’s surrender of the Trust Receipt and Initial Certifications and Final CertificationTrust Receipt, as applicable, promptly transfer to the successor Custodian, as directed, all Custodial Files being administered under this Agreement. In the event of any such removal and appointment appointment, the Trustee and the Trust Fund shall be responsible for the fees and expenses of the existing Custodian as set forth in the Section 9. The Trust Fund shall be responsible for the fees and expenses of the successor Custodian.