Termination by Custodian. The Custodian may terminate its obligations under this Agreement upon at least sixty (60) days' notice to the Registered Holder with respect to all or a portion of the Mortgage Loans owned by such Registered Holder. The Custodian shall then be responsible for all costs associated with such termination, including costs associated with the transfer of the Custodial Files. If, in the event of such termination, the Registered Holder shall appoint a successor Custodian within such sixty day period, then upon such appointment and tender of the related Custody Receipts, the Custodian shall promptly transfer to such successor Custodian, as directed by the Registered Holder with respect to all or a portion of the Mortgage Loans owned by such Registered Holder, all of the Custodian's Mortgage Files being administered under this Agreement and shall either complete the Assignments and endorse the Mortgage Notes as directed by the Registered Holder or allow the Registered Holder or its agents or attorneys, access to the Custodian's Mortgage Files for such purpose. Notwithstanding the foregoing, if the Registered Holder fails to appoint a Custodian within such sixty day period, the Custodian may petition any court of competent jurisdiction for the appointment of a successor Custodian.
Termination by Custodian. The Custodian may terminate its obligations under this Agreement upon at least sixty (60) days’ prior notice to the Servicer and the Trustee. In the event of such termination, the Trustee shall appoint a successor Custodian. The payment of the existing Custodian’s or such successor Custodian’s fees and expenses shall be solely the responsibility of the Trust Fund. Upon such appointment, the Custodian shall promptly transfer to the successor Custodian, as directed, all Custodial Files being administered under this Agreement.
Termination by Custodian. 10 Section 17.
Termination by Custodian. The Custodian may terminate its obligations under this Indenture upon at least sixty (60) days’ notice to the Servicer, the Issuer and the Noteholders; provided, no termination shall be effective until appointment of a successor acceptable to the Issuer or, if an Event of Default has occurred, the Control Party. In the event of such termination, the Issuer shall promptly appoint a successor custodian; provided that after the occurrence of an Event of Default, solely the Control Party may appoint a successor custodian. The payment of such successor custodian’s fees and expenses with respect to each Contract and related Contract Files shall be solely the responsibility of the Issuer. Upon such appointment, the Custodian shall promptly transfer to the successor custodian, as directed, all Contracts and related Contract Files being held under this Indenture. The Custodian may petition a court of competent jurisdiction to appoint a successor hereunder if no successor is appointed within such sixty (60) day notice period.
Termination by Custodian. This Custodial Agreement may be terminated by the Custodian, at any time, and the Custodian may resign, upon 30 days' prior written notice to the Trustee, on behalf of each Trust and the Indenture Trustee; provided, however, that no termination or resignation pursuant to this Section 8.2 shall be effective until the date as of which a successor Custodian shall be appointed in accordance with Section 8.6 and shall have agreed in writing to assume all of the Custodian's duties and obligations under this Custodial Agreement.
Termination by Custodian. The Custodian may terminate its obligations under this Custodial Agreement upon at least 60 days' notice to the Servicer and the Purchaser. The costs associated with the termination of this Custodial Agreement by the Custodian, including all costs associated with the transfer of the Custodial Files shall be borne by the Custodian, provided that such costs shall not include any higher custodial fees paid by the Purchaser or the Servicer to a successor Custodian and provided, further, that in the event that the Custodian resigns due to nonpayment of the Custodian's fees and expenses, the costs associated with the transfer of the Custodial Files shall be borne by the Purchaser. In the event of such termination, the Purchaser shall appoint a successor Custodian. If a successor Custodian is not appointed within 60 days, the Custodian may petition a court of competent jurisdiction for the appointment of a successor. The payment of such successor Custodian's fees and expenses with respect to each Mortgage Loan shall be solely the responsibility of the Purchaser or the Servicer, as the case may be. Upon such appointment the Custodian shall promptly transfer to the successor Custodian, as directed, all Custodial Files being administered under this Custodial Agreement, and shall assign the Mortgages and endorse the Mortgage Notes to the successor Custodian, if the endorsements on the Mortgage Notes and the Assignments of Mortgage have been completed in the name of the Custodian, or as otherwise directed by the Purchaser.
Termination by Custodian. 14 Section 21. Entire Agreement; Severability..................................15 Section 22. Term of Agreement...............................................15 Section 23. Notices.........................................................15 Section 24. Successors and Assigns..........................................15 Section 25. Indemnification of the Purchaser................................15 Section 26. Indemnification of Custodian....................................16
Termination by Custodian. (a) The Custodian may elect to terminate the Custodial Account if, within sixty (60) days after its resignation or removal pursuant to Article XI, the State Farm Associates' Funds Trust has not appointed a Successor Custodian which has accepted such appointment. Termination of the Custodial Account shall be effected by distributing to Participant all assets of the Custodial Account in a lump-sum payment in cash or Shares, at the sole discretion of Custodian, subject to Custodian's right to reserve funds as described in Article XI.
(b) The Custodian has the unilateral right to terminate the Custodial Account when the assets of the Custodial Account fall below the prescribed requirement as determined by the Custodian. Termination of the Custodial Account shall be effected by distributing to Participant all assets of the Custodial Account in a lump-sum payment in cash or Shares, at the sole discretion of Custodian, subject to Custodian's right of set-off under Section 8.2.
Termination by Custodian. The Custodian may terminate its obligations under this Agreement upon at least sixty (60) days' prior notice to the Servicer and the Trustee. In the event of such termination, the Trustee or the Depositor (with the consent of the Servicer, such consent not to be unreasonably withheld) shall appoint a successor Custodian. The payment of the existing Custodian's fees and expenses shall be solely the responsibility of the Trustee and the Trust Fund as set forth in Section 9. The Trust Fund shall be responsible for the fees and expenses of the successor Custodian. Upon such appointment, the Custodian shall promptly transfer to the successor Custodian, as directed, all Custodial Files being administered under this Agreement.
Termination by Custodian. The Custodian may terminate its obligations under this Agreement upon at least 60 days' notice to the Servicer and the Owner. The costs associated with the termination of this Agreement by the Custodian, including all costs associated with the transfer of the Custodial Files shall be borne by the Custodian, provided that such costs shall not include any higher custodial fees paid by the Owner or the Servicer to a successor Custodian. In the event of such termination, the Owner shall appoint a successor Custodian. The payment of such successor Custodian's fees and expenses with respect to each Mortgage Loan shall be solely the responsibility of the Owner or the Servicer, as the case may be. Upon such appointment the Custodian shall promptly transfer to the successor Custodian, as directed, all Custodial Files being administered under this Agreement, and shall assign the Mortgages and endorse the Mortgage Notes to the successor Custodian, if the endorsements on the Mortgage Notes and the Assignments of Mortgage have been completed in the name of the Custodian, or as otherwise directed by the Owner.
