Common use of Servicer Transfer Clause in Contracts

Servicer Transfer. (a) If a Servicer Default has occurred and is continuing, the Majority Noteholders may, by written notice (a “Termination Notice”) delivered to the parties hereto and each of the Hedge Counterparties, terminate all (but not less than all) of the Servicer’s management, administrative, servicing, custodial and collection functions; provided, however, no Termination Notice shall be required with respect to any Servicer Default described under Section 8.01(c), Section 8.01(d) and Section 8.01(e).

Servicer Transfer. (a) If a Servicer Default has occurred and is continuing, the Majority Noteholders may, by written notice (a “"Termination Notice”") delivered to the parties hereto and each of the Hedge Counterparties, terminate all (but not less than all) of the Servicer’s 's management, administrative, servicing, custodial and collection functions; provided, however, no Termination Notice shall be required with respect to any Servicer Default described under Section 8.01(c), Section 8.01(d) and Section 8.01(e).

Servicer Transfer. (a) If a Servicer Default has occurred and is continuing, the Majority Noteholders may, by written notice (a “"Termination Notice”") delivered to the ------------------ parties hereto and each of the Hedge Counterpartieshereto, terminate all (but not less than all) of the Servicer’s 's management, administrative, servicing, custodial and collection functions; provided, however, no Termination Notice shall be required with respect to any -------- ------- Servicer Default described under Section subsections 8.01(c), Section 8.01(d) and Section 8.01(e(d)., or (e). ------------------- --- ---

Servicer Transfer. (a) If a Servicer Default has occurred and is continuing, the Majority Noteholders may, by written notice (a “Termination Notice”) delivered to the parties hereto and each of the Hedge Counterpartieshereto, terminate all (but not less than all) of the Servicer’s management, administrative, servicing, custodial and collection functions; provided, however, provided no Termination Notice shall be required as a condition to termination with respect to any Servicer Default described under Section 8.01(c), Section 8.01(d) and Section 8.01(e).

Servicer Transfer. (a) If a Servicer Default has occurred and is continuing, the Majority Noteholders may, by written notice (a “Termination Notice”) delivered to the parties hereto and each of hereto, to the Hedge CounterpartiesRating Agencies, terminate all (but not less than all) of the Servicer’s management, administrative, servicing, custodial and collection functions; provided, however, provided that no Termination Notice shall be required as a condition to termination with respect to any Servicer Default described under Section 8.01(c), Section 8.01(d) and Section 8.01(e).

Servicer Transfer. 8.2 (a) If a Servicer Default has occurred and is continuing, the Majority Noteholders may, by written notice (a “Termination Notice”) delivered to the parties hereto and each of the Hedge Counterpartieshereto, terminate all (but not less than all) of the Servicer’s management, administrative, servicing, custodial and collection functions; provided, however, no Termination Notice shall be required with respect to any Servicer Default described under Section 8.01(csubsections 8.1(c), Section 8.01(d) and Section 8.01(e(d), or (e).

Servicer Transfer. (a) If a Servicer Default has occurred and is continuing, the Majority Noteholders may, by written notice (a “Termination Notice”) delivered to the parties hereto and each of to the Hedge CounterpartiesRating Agencies, terminate all (but not less than all) of the Servicer’s management, administrative, servicing, custodial and collection functions; provided, however, that no Termination Notice shall be required as a condition to termination with respect to any Servicer Default described under Section 8.01(c), Section 8.01(d) and Section 8.01(e).

Servicer Transfer. (a) If a Servicer Default has occurred and is continuing, the Majority Noteholders may, by written notice (a “Termination Notice”) delivered to the parties hereto and each of to the Hedge CounterpartiesRating Agencies, terminate all (but not less than all) of the Servicer’s management, administrative, servicing, custodial and collection functions; provided, however, no Termination Notice shall be required as a condition to termination with respect to any Servicer Default described under Section 8.01(c), Section 8.01(d) and Section 8.01(e).

Servicer Transfer. (a) If a Servicer Default has occurred and is continuing, the Majority Noteholders may, by written notice (a “Termination Notice”) delivered to the parties hereto and each of the Hedge Counterparties, terminate all (but not less than all) of the Servicer’s management, administrative, servicing, custodial and collection functions; provided, however, no Termination 102 Notice shall be required with respect to any Servicer Default described under Section 8.01(c), Section 8.01(d) and Section 8.01(e).

Servicer Transfer. (a) If a Servicer Default has occurred and is continuing, the Majority Noteholders may, by written notice (a “"Termination Notice”") delivered to the parties hereto and each of the Hedge Swap Counterparties, terminate all (but not less than all) of the Servicer’s 's management, administrative, servicing, custodial and collection functions; provided, however, no Termination Notice shall be required with respect to any Servicer Default described under Section subsections 8.01(c), Section 8.01(d) and Section 8.01(e(d), or (e).

Servicer Transfer. (a) If a Servicer Default has occurred and is continuing, the Majority Noteholders may, by written notice (a “Termination Notice”) delivered to the parties hereto hereto, to the Rating Agencies and each of the Hedge Counterparties, terminate all (but not less than all) of the Servicer’s management, administrative, servicing, custodial and collection functions; provided, however, provided that no Termination Notice shall be required as a condition to termination with respect to any Servicer Default described under Section 8.01(c), Section 8.01(d) and Section 8.01(e).

Servicer Transfer. (a) If a Servicer Default has occurred and is continuing, the Majority Noteholders may, by written notice (a “Termination Notice”) delivered to the parties hereto and each of to the Hedge CounterpartiesRating Agencies, terminate all (but not less than all) of the Servicer’s management, administrative, servicing, custodial and collection functions; provided, however, that no Termination Notice shall be required as a condition to termination with respect to any Servicer Default described under Section 8.01(c8.01 (c), Section 8.01(d8.0l(d) and Section 8.01(e).

Servicer Transfer. (a) If a Servicer Default has occurred and is continuing, the Majority Noteholders may, by written notice (a “"Termination Notice”") delivered to the parties hereto and each of the Hedge Counterparties, terminate all (but not less than all) of the Servicer’s 's management, administrative, servicing, custodial and collection functions; provided, however, no Termination Notice shall be required with respect to any Servicer Default described under Section subsections 8.01(c), Section 8.01(d) and Section 8.01(e(d), or (e).