Common use of Termination by Custodian Clause in Contracts

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. The Custodian may terminate its obligations under this Custodial Agreement upon at least sixty (60) days’ ' prior written notice to the Servicer and the Trustee. In the event of such termination, the Trustee Servicer shall appoint a successor Custodian. The payment of the existing Custodian’s or such successor Custodian’s 's fees and expenses shall be solely the responsibility of the Trust FundServicer. Upon such appointment, the Custodian shall promptly transfer to the successor Custodian, as directed, all Custodial Files being administered under this Custodial Agreement.

Termination by Custodian. The Custodian may terminate its obligations under this Custodial Agreement upon at least sixty (60) 60 days’ prior written notice to the Servicer Trustee and the TrusteeServicers. In the event of such termination, the Trustee shall appoint a successor CustodianCustodian and shall notify the Servicers of such appointment. The payment of the existing Custodian’s or such successor Custodian’s fees and expenses shall be solely the responsibility of the Trust FundTrustee. Upon such appointment, the Custodian shall promptly transfer at its expense to the successor Custodian, as directed, all Custodial Files being administered under this Custodial Agreement.

Termination by Custodian. The Custodian may terminate its obligations under this Custodial Agreement upon at least sixty (60) 60 days’ prior written 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 FundAdministrator. Upon such appointment, the Custodian shall promptly transfer at its expense to the successor Custodian, as directed, all Custodial Files being administered under this Custodial Agreement.

Termination by Custodian. The Custodian may terminate its obligations under this Agreement upon at least sixty (60) days’ ' prior notice to the related Servicer and the Trustee. In the event of such termination, the Trustee shall appoint a successor Custodian. The payment of the existing Custodian’s 's or such successor Custodian’s '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. The Custodian may terminate its obligations under this Custodial Agreement upon at least sixty (60) 60 days’ prior written notice to the Servicer Trustee and the TrusteeServicer. In the event of such termination, the Trustee shall appoint a successor CustodianCustodian and shall notify the Servicer of such appointment. The payment of the existing Custodian’s or such successor Custodian’s fees and expenses shall be solely the responsibility of the Trust FundTrustee. Upon such appointment, the Custodian shall promptly transfer at its expense to the successor Custodian, as directed, all Custodial Files being administered under this Custodial Agreement.

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 's or such successor Custodian’s '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. The Custodian may terminate its obligations under this Custodial Agreement upon at least sixty (60) 60 days’ prior written 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 (which shall be substantially similar to the Custodian Fees) shall be solely the responsibility of the Trust FundAdministrator. Upon such appointment, the Custodian shall promptly transfer at its expense to the successor Custodian, as directed, all Custodial Files being administered under this Custodial Agreement.