Common use of Removal of Mortgage Loans Clause in Contracts

Removal of Mortgage Loans. Subject to and in accordance with Section 3.22 of the Servicing Agreement, the Issuer may notify the Owner Trustee of its direction to the Servicer to remove Mortgage Loans from the Trust Estate. Promptly following receipt of any such request, the Owner Trustee shall deliver to the Servicer the written notice and request required to be delivered to the Servicer pursuant to Section 3.22 of the Servicing Agreement. Any Mortgage Loans removed from the Trust Estate pursuant to Section 3.22 of the Servicing Agreement shall be property of the Issuer and, upon the written request of the Certificateholders holding 100% of the Certificate Percentage Interests of the Certificates, be released to the Certificateholders as a dividend and in accordance with the written instructions of such Certificateholders.

Removal of Mortgage Loans. Subject to and in accordance with -------------------------- Section 3.22 of the Servicing Agreement, the Issuer may notify the Owner Trustee of its direction to the Servicer to remove Mortgage Loans from the Trust Estate. Promptly following receipt of any such request, the Owner Trustee shall deliver to the Servicer the written notice and request required to be delivered to the Servicer pursuant to Section 3.22 of the Servicing Agreement. Any Mortgage Loans removed from the Trust Estate pursuant to Section 3.22 of the Servicing Agreement shall be property of the Issuer and, upon the written request of the Certificateholders holding 100% of the Certificate Percentage Interests of the Certificates, be released to the Certificateholders as a dividend and in accordance with the written instructions of such Certificateholders.