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 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 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 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 such successor Custodian's ’s fees and expenses shall be solely the responsibility of the Trustee Securities Administrator, and the Trust Fund as set forth in Section 9. The Trust Fund payment of such successor Custodian’s expenses shall solely be responsible for the fees and expenses payable out of the successor Custodianfunds of the Issuing Entity, in each case, pursuant to Section 11 hereof. Upon such appointment, the Custodian shall promptly transfer at its expense to the successor Custodian, as directed, all Custodial Mortgage 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 or Trustee, at the direction of the Depositor (with the consent of the related Servicer, such consent not to be unreasonably withheld) shall appoint a successor Custodian. The payment of the existing Custodian's ’s or such successor 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 CustodianFund. 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 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 ’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 directeddirected in writing by the Trustee, all Custodial Files being administered under this Agreement.