Common use of Termination by Seller/Servicer Clause in Contracts

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 Freddie Mac and Designated Custodian shall transfer the Notes for those Mortgages to the new Document Custodian within 30 days of Freddie Mac’s approval of the transfer, if practicable, and if not practicable, as soon thereafter as Freddie Mac and Designated Custodian shall mutually agree, provided that Freddie 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).

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 Freddie Xxxxxxx Mac and Designated Custodian shall transfer the Notes for those Mortgages to the new Document Custodian within 30 days of Freddie Xxxxxxx Mac’s approval of the transfer, if practicable, and if not practicable, as soon thereafter as Freddie Xxxxxxx Mac and Designated Custodian shall mutually agree, provided that Freddie Xxxxxxx Mac may require the Notes be transferred sooner if the Designated Custodian reasonably determines such sooner transfer is practicable. Any transfer Transfer of custody Custody in connection with such termination shall occur in accordance with the provisions of Section 6(a).

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 Freddie Xxxxxxx Mac and Designated Custodian shall transfer the Notes for those Mortgages to the new Document Custodian within 30 days of Freddie Xxxxxxx Mac’s approval of the transfer, if practicable, and if not practicable, as soon thereafter as Freddie Xxxxxxx Mac and Designated Custodian shall mutually agree, provided that Freddie Xxxxxxx Mac may require the Notes be transferred sooner if the Designated Custodian reasonably determines such sooner transfer is practicable. Any transfer Transfer of custody Custody in connection with such termination shall occur in accordance with the provisions of Section 6(a).

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 Freddie Xxxxxxx Mac and Designated Custodian shall transfer the Notes for those Mortgages to the new Document Custodian within 30 days of Freddie Xxxxxxx Mac’s approval of the transfer, if practicable, and if not practicable, as soon thereafter as Freddie Xxxxxxx Mac and Designated Custodian shall mutually agree, provided that Freddie 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).