Common use of Resignation of Subservicer Clause in Contracts

Resignation of Subservicer. The Subservicer shall not resign from the obligations and duties hereby imposed on it (except as otherwise permitted under Section 6.3) unless it determines that the Subservicer's duties hereunder are no longer permissible under applicable law or are in material conflict by reason of applicable law with any other activities carried on by it. Any such determination permitting the resignation of the Subservicer shall be evidenced by an Opinion of Counsel to such effect delivered to the Master Servicer. No such resignation shall become effective until a successor servicer designated by the Master Servicer shall have assumed the Subservicer's responsibilities and obligations under this Agreement.

Resignation of Subservicer. The Subservicer shall not resign from the obligations and duties hereby imposed on it (except as otherwise permitted under Section 6.3) unless it determines that the Subservicer's duties hereunder are no longer permissible under applicable law or are in material conflict by reason of applicable law with any other activities carried on by it. Any such determination permitting the resignation of the Subservicer shall be evidenced by an Opinion of Counsel to such effect delivered to the Capmark Master Servicer. No such resignation shall become effective until a successor servicer designated by the Capmark Master Servicer shall have assumed the Subservicer's responsibilities and obligations under this Agreement.