Common use of Termination by Grantor Trust Certificateholder Clause in Contracts

Termination by Grantor Trust Certificateholder. If the Grantor Trust Certificateholder terminates the Grantor Trust Agreement, then the Master Servicer shall continue to service the Home Loans pursuant to the Servicing Agreement, solely for the Grantor Trust Certificateholder, the Indenture Trustee on behalf of the Noteholders and the Owner Trustee on behalf of the Certificateholders, and such Holder shall have all rights of the Grantor Trustee hereunder, until the Servicing Agreement is terminated.

Appears in 5 contracts

Samples: Servicing Agreement (Residential Funding Mortgage Securities Ii Inc), Servicing Agreement (Residential Funding Mortgage Securities Ii Inc), Servicing Agreement (Residential Fund Mort Sec Home Loan-BCKD NTS Ser 2004-Hi1)

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