Resignation or Removal of Credit Risk Manager. The Credit Risk Manager may resign upon thirty (30) days’ prior written notice to the Trustee. The Credit Risk Manager may be removed as Credit Risk Manager hereunder upon any material breach by the Credit Risk Manager in the performance of its duties hereunder following written notice of such breach provided by the Trustee at the direction of Certificateholders holding not less than a 66-2/3% of the Voting Rights and the Credit Risk Manager’s failure to cure such breach within a reasonable period following such notice.
Appears in 6 contracts
Samples: Pooling and Servicing Agreement (Nomura Asset Acceptance Corporation, Alternative Loan Trust, Series 2006-Ar4), Pooling and Servicing Agreement (Nomura Home Equity Loan, Inc., Home Equity Loan Trust, Series 2006-Fm2), Pooling and Servicing Agreement (Nomura Home Equity Loan, Inc., Home Equity Loan Trust, Series 2007-2)
