Common use of Removal of Home Equity Loans Clause in Contracts

Removal of Home Equity Loans. Certificateholders holding 100% of the Certificate Percentage Interests of the Class SB-II Certificates may, by delivering a written request to the Owner Trustee to such effect, cause the removal of Home Equity Loans in Loan Group II from the Trust Estate in accordance with and subject to the provisions of Section 3.15(b) of the Servicing Agreement. Promptly following receipt of any such request, the Owner Trustee shall deliver to the Master Servicer the written notice and request required to be delivered to the Master Servicer pursuant to Section 3.15(b) of the Servicing Agreement. Any Group II Loans removed from the Trust Estate pursuant to Section 3.15(b) of the Servicing Agreement shall be property of the Issuer and, upon the written request of the Class SB-II Certificateholders holding 100% of the Certificate Percentage Interests of the Class SB-II Certificates, be released to the Class SB-II Certificateholders as a dividend and in accordance with the written instructions of such Certificateholders.