Common use of Termination by Xxxxxxx Mac Clause in Contracts

Termination by Xxxxxxx Mac. At its sole discretion, Xxxxxxx Mac may, upon 30 days written notice to Seller/Servicer and Designated Custodian, terminate this Agreement (a “Xxxxxxx Mac Termination Without Cause”) and require Seller/Servicer to transfer all Notes and Assignments to another Custodian and/or the related Assignments to Seller/Servicer within 30 days of the date of such notice.

Appears in 1 contract

Samples: Designated Custodial Agreement

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