Termination by Seller/Servicer Sample Clauses

Termination by Seller/Servicer. Seller/Servicer may terminate this Agreement upon 30 days prior notice to Designated Custodian. Upon giving such notice, Seller/Servicer must, in accordance with the Guide, designate a new Document Custodian for Mortgages serviced for Xxxxxxx Mac and Designated Custodian shall transfer the Notes for those Mortgages to the new Document Custodian within 30 days of Xxxxxxx Mac’s approval of the transfer, if practicable, and if not practicable, as soon thereafter as Xxxxxxx Mac and Designated Custodian shall mutually agree, provided that Xxxxxxx Mac may require the Notes be transferred sooner if the Designated Custodian reasonably determines such sooner transfer is practicable. Any transfer of custody in connection with such termination shall occur in accordance with the provisions of Section 6(a).
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Termination by Seller/Servicer. Seller/Servicer may terminate this Agreement only upon sufficient notice of not less than 30 days to enable Freddie Mac to approve the requested transferee document custodian and for Freddie Mac and Seller/Servicer to enter into a Tri-Party Agreement with the new document custodian; such activities and the Transfer of Custody to be conducted as set forth in Guide Section 2202.3.
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Termination by Seller/Servicer. Seller/Servicer may terminate this Agreement upon 30 days prior notice to Designated Custodian. Upon giving such notice, Seller/Servicer shall, in accordance with the Guide, designate a new Document Custodian for Mortgages serviced for Xxxxxxx Mac. Designated Custodian shall transfer the Notes for those Mortgages to the new Document Custodian within 30 days after receiving notice of Xxxxxxx Mac’s approval. If Seller/Servicer or Xxxxxxx 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 Xxxxxxx Mac’s expense, petition any court of competent jurisdiction to name a successor Document Custodian. Any Transfer of Custody in connection with such termination shall occur in accordance with the provisions of Section 3(b).
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Termination by Seller/Servicer. Seller/Servicer may terminate this Agreement upon 30 days written notice to the Custodian and to Xxxxxxx Mac. If Seller/Servicer terminates this Agreement with Custodian and designates that custody should be transferred to a new custodian, in accordance with the Guide, then all Notes and Assignments for mortgages serviced for Xxxxxxx Mac that are held by Custodian must be moved to the new custodian within 30 days of the approval by Xxxxxxx Mac of the new custodian as evidenced by an executed Custodial Agreement. Xxxxxxx Mac reserves the right to require that the Notes and Assignments be transferred immediately if Xxxxxxx Xxx xxxxx it necessary. If Seller/Servicer elects to send the Notes to DCS, then all Notes for Mortgages serviced for Xxxxxxx Mac held by Custodian must be transferred to DCS on or before the termination date of this Agreement. In such event, custody of the Assignments must be transferred to Seller/Servicer. As noted above, compensation for custodial services is the sole responsibility of Seller/Servicer.
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Termination by Seller/Servicer. Seller/Servicer may terminate this Agreement upon sufficient notice to enable Xxxxxxx Mac to approve the requested transferee document custodian and for Xxxxxxx Mac and Seller/Servicer to enter into a new Document Custodial Agreement on Form 1035 with the new document custodian; such activities and the transfer of custody of the Notes to be conducted as set forth in Guide Section 18.7(b).
Sample 1
Termination by Seller/Servicer. Seller/Servicer must have Tri-Party Agreement in place with new Designated Custodian. Designated Custodian must transfer custody of all Note Files held pursuant to this Tri-Party Agreement to transferee Designated Custodian within thirty (30) days after Freddie Mac's written approval of transfer of custody or by such other date approved by Freddie Mac; however, Freddie Mac may require Note Files to be transferred immediately.
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Related to Termination by Seller/Servicer

  • Termination by Contractor Contractor may, at its option, terminate this Contract upon the failure of MPS to pay any amount, which may become due hereunder for a period of sixty (60) days following submission of appropriate billing and supporting documentation. Upon said termination, Contractor shall be paid the compensation due for all services rendered through the date of termination including any retainage.

  • Termination by Subscriber (a) The Subscriber may terminate this Agreement by giving notification to SORACOM according to the method specified by SORACOM separately. In this case, such termination shall take effect on the date specified by SORACOM beforehand or on the date designated by the Subscriber in such notification, whichever is later.

  • Termination by Supplier ‌ Termination by Supplier will not be considered.

  • TERMINATION BY THE CONTRACTOR If the Work is stopped for a period of thirty days under an order of any court or other public authority having jurisdiction, or as a result of an act of government, such as a declaration of a national emergency making materials unavailable, through no act or fault of the Contractor or a Subcontractor or their agents or employees or any other persons performing any of the Work under a contract with the Contractor, or if the Work should be stopped for a period of thirty days by the Contractor because the Architect has not issued a Certificate for Payment as provided in Paragraph 9.7 of these General Conditions or because the State has not made payment thereon as provided in Paragraph 9.7, then the Contractor may, upon seven additional days written notice to the State and the Architect, terminate the Contract and recover from the State payment for all Work executed and for any proven loss sustained upon any materials, equipment, tools, construction equipment and machinery, including reasonable profit and damages.

  • Termination by the State The State or commissioner of Administration may cancel this Professional and Technical Services Master Contract and any Work Authorizations at any time, with or without cause, upon 30 days’ written notice to the Contractor. Upon termination, the Contractor will be entitled to payment, determined on a pro rata basis, for services satisfactorily performed.

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