Termination by Designated Custodian Sample Clauses

Termination by Designated Custodian. Designated Custodian may terminate this Agreement With Cause upon 30 days prior written notice to Seller/Servicer and to Xxxxxxx Mac. In such event, Seller/Servicer must arrange for a transfer of custody of the Notes and the Note Files to a new Document Custodian prior to the effective date of the termination, if practicable, and if not practicable, as soon thereafter as Designated Custodian and Xxxxxxx Mac shall mutually agree. In the event that Designated Custodian shall terminate this Agreement, Designated Custodian shall await specific written instructions from Xxxxxxx Mac prior to transferring custody of any Note Files other than pursuant to specific Xxxxxxx Mac or Seller/Servicer request. If Xxxxxxx Mac fails to provide Designated Custodian with such specific instructions related to the transfer of the Note Files within 30 days of receipt by Xxxxxxx Mac of Designated Custodian’s notice of termination, Designated Custodian may, at the expense of Xxxxxxx Mac, petition any court of competent jurisdiction to name a successor Custodian. In no event may Designated Custodian refuse or fail to fulfill its obligations pursuant to this Agreement while any Note File is within its possession. Unless prevented from doing so by applicable law or regulation or upon written advice of counsel relating to possible violation of law or regulation, Designated Custodian will notify Xxxxxxx Mac before terminating this Agreement.
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Termination by Designated Custodian. Designated Custodian may terminate this Agreement With Cause upon 30 days prior notice to Seller/Servicer and to Freddie Mac. In such event, Seller/Servicer must arrange for a Transfer of Custody of the Note Files to a new Document Custodian prior to the effective date of the termination, if practicable, and if not practicable, as soon thereafter as Designated Custodian and Freddie Mac shall mutually agree. If Designated Custodian terminates this Agreement, Designated Custodian shall await specific written instructions from Freddie Mac prior to any Transfer of Custody other than pursuant to a specific written request of Freddie Mac or Seller/Servicer. If Freddie Mac fails to provide Designated Custodian with specific instructions to transfer the Note Files within 30 days of receiving Designated Custodian’s notice of termination, Designated Custodian may, at Freddie Mac’s expense, petition any court of competent jurisdiction to name a successor Document Custodian. In no event may Designated Custodian refuse or fail to fulfill its obligations pursuant to this Agreement while any Note File is within its possession. If required by the Bi-Party Agreement, Designated Custodian will notify Freddie Mac prior to terminating this Agreement.
Sample 1
Termination by Designated Custodian. Designated Custodian may terminate a Tri- Party Agreement upon 90 days written notice to the Seller/Servicer and Freddie Mac. Upon receiving notice, Seller/Servicer must arrange for a transfer of custody of the Note Files pursuant to Section 3(d)(ii) to a new Designated Custodian prior to the effective date of the termination.
Sample 1

Related to Termination by Designated Custodian

  • CFR PART 200 Termination Termination for cause and for convenience by the grantee or subgrantee including the manner by which it will be eff ected and the basis for settlement. (All contracts in excess of $10,000) Pursuant to the above, when federal funds are expended by ESC Region 8 and TIPS Members, ESC Region 8 and TIPS Members reserves the right to terminate any agreement in excess of $10,000 resulting from this procurement process for cause after giving the vendor an appropriate opportunity an d up to 30 days, to cure the causal breach of terms and conditions. ESC Region 8 and TIPS Members reserves the right to terminate any agreement in excess of $10,000 resulting from this procurement process for convenience with 30 days notice in writing to the awarded vendor. The vendor would be compensated for work performed and goods procured as of the termination date if for convenience of the ESC Region 8 and TIPS Members. Any award under this procurement process is not exclusive and the ESC Region 8 and TIPS reserves the right to purchase goods and services from other vendors when it is in the best interest of t he ESC Region 8 and TIPS. Does vendor agree? Yes

  • Termination by Owner for Cause This Agreement may be terminated by Owner (or the Property Manager may be required by Owner to change its personnel assigned as Property Manager for the Property) at any time during the term hereof upon written notice to Property Manager effective immediately for any of the following causes:

  • TERMINATION FOR CAUSE BY CITY 4.05.1 If Contractor defaults under this Agreement, the Director may terminate this Agreement after providing Contractor written notice and an opportunity to cure the default as provided below. The City’s right to terminate this Agreement for Contractor’s default is cumulative of all rights and remedies that exist now or in the future. Default by Contractor occurs if:

  • Termination by Customer Without prejudice to any rights or remedies of the Customer, the Customer may, by at least seven (7) days’ notice in writing to Deswik, terminate this Agreement if:

  • Termination by the Owner for Cause § 16.2.1 The Owner may terminate the Contract if the Contractor .1 repeatedly refuses or fails to supply enough properly skilled workers or proper materials;

  • Termination for Cause If Vendor fails to materially perform pursuant to the terms of this Agreement, TIPS shall provide written notice to Vendor specifying the default. If Vendor does not cure such default within thirty (30) days, TIPS may terminate this Agreement, in whole or in part, for cause. If TIPS terminates this Agreement for cause, and it is later determined that the termination for cause was wrongful, the termination shall automatically be converted to and treated as a termination for convenience.

  • TERMINATION FOR CAUSE BY CONTRACTOR 4.06.1 Contractor may terminate its performance under this Agreement only if the City defaults and fails to cure the default after receiving written notice of it. Default by the City occurs if the City fails to perform one or more of its material duties under this Agreement. If a default occurs and Contractor wishes to terminate the Agreement, then Contractor must deliver a written notice to the Director describing the default and the proposed termination date. The date must be at least 30 days after the Director receives the notice. Contractor, at its sole option, may extend the proposed termination date to a later date. If the City cures the default before the proposed termination date, then the proposed termination is ineffective. If the City does not cure the default before the proposed termination date, then Contractor may terminate its performance under this Agreement on the termination date

  • Termination of Agreement for Cause 5.1.1. If A/E breaches any of the covenants or conditions of this AGREEMENT, COUNTY shall have the right to terminate this AGREEMENT upon ten (10) days written notice prior to the effective day of termination.

  • 342 Termination by Purchaser (a) Purchaser may, by written notice, terminate this Contract, in whole or in part, as described herein,

  • Termination by Client Without prejudice to any rights or remedies of the Client, the Client may, by at least seven (7) days’ notice in writing to Deswik, terminate this Agreement if:

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