Common use of Servicer Termination Clause in Contracts

Servicer Termination. (a) Following the occurrence of any of the events set forth in Section 19.2.1, the Trustee may elect, at its reasonable discretion, to terminate the Servicer under this Agreement with respect to the Mortgage Loans. The Trustee shall provide a written termination notice to the Servicer.

Appears in 77 contracts

Samples: Servicing Agreement (Wells Fargo Asset Securities Corp), Servicing Agreement (Wells Fargo Mortgage Backed Securities 2007-3 Trust), Servicing Agreement (Wells Fargo Mortgage Backed Securities 2006-Ar3 Trust)

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