Common use of Termination of Agent Clause in Contracts

Termination of Agent. The Agent may be terminated at any time upon ten (10) days prior written notice from the Note A-1 Holder. In the event that the Agent is terminated pursuant to this Section 34, all of its rights and obligations under this Agreement shall be terminated, other than any rights or obligations that accrued prior to the date of such termination. The Agent may resign at any time upon notice, so long as a successor Agent, reasonably satisfactory to the Holders, has agreed to be bound by this Agreement and perform the duties of the Agent hereunder. The Initial Agent, may transfer its rights and obligations to the Servicer, as successor Agent, at any time without the consent of any Holder. The Initial Agent, shall promptly and diligently attempt to cause such Servicer to act as successor Agent, and, if such Servicer declines to act in such capacity, shall promptly and diligently attempt to cause a similar servicer to act as successor Agent. The termination or resignation of such Servicer, as Servicer under the Servicing Agreement, shall be deemed a termination or resignation of such Servicer as Agent under this Agreement. Notwithstanding the to the contrary in this Agreement, upon a Securitization of Note A-1, the Certificate Administrator shall automatically become and be the Agent.

Termination of Agent. The Agent may be terminated at any time upon ten (10) days prior written notice from the Note A-1 HolderLead Senior Noteholder. In the event that the Agent is terminated pursuant to this Section 3437, all of its rights and obligations under this Agreement shall be terminated, other than any rights or obligations that accrued prior to the date of such termination. The Agent may resign at any time upon ten (10) days’ prior notice, so long as a successor Agent, reasonably satisfactory to the HoldersNoteholders, has agreed to be bound by this Agreement and perform the duties of the Agent hereunder. The Natixis, as Initial Agent, may transfer its rights and obligations to the Servicer, as successor Agent, at any time without the consent of any HolderNoteholder. The Natixis, as Initial Agent, shall promptly and diligently attempt to cause such Servicer to act as successor Agent, and, if such Servicer declines to act in such capacity, shall promptly and diligently attempt to cause a similar servicer to act as successor Agent. The termination or resignation of such Servicer, as Servicer under the Servicing Agreement, shall be deemed a termination or resignation of such Servicer as Agent under this Agreement. Notwithstanding the to the contrary in this Agreement, upon Upon a Securitization of Note A-1the Lead Senior Note, the Certificate Administrator shall automatically become and be the Agent.

Termination of Agent. The Agent may be terminated at any time upon ten (10) days prior written notice from the Note A-1 Holder. In the event that the Agent is terminated pursuant to this Section 34, all of its rights and obligations under this Agreement shall be terminated, other than any rights or obligations that accrued prior to the date of such termination. The Agent may resign at any time upon notice, so long as a successor Agent, reasonably satisfactory to the Holders, has agreed to be bound by this Agreement and perform the duties of the Agent hereunder. The Natixis, as Initial Agent, may transfer its rights and obligations to the Servicer, as successor Agent, at any time without the consent of any Holder. The Natixis, as Initial Agent, shall promptly and diligently attempt to cause such Servicer to act as successor Agent, and, if such Servicer declines to act in such capacity, shall promptly and diligently attempt to cause a similar servicer to act as successor Agent. The termination or resignation of such Servicer, as Servicer under the Servicing Agreement, shall be deemed a termination or resignation of such Servicer as Agent under this Agreement. Notwithstanding the to the contrary in this Agreement, upon a Securitization of Note A-1, the Certificate Administrator shall automatically become and be the Agent.

Termination of Agent. The Agent may be terminated at any time upon ten (10) days prior written notice from the Note A-1 HolderLead Senior Noteholder. In the event that the Agent is terminated pursuant to this Section 3438, all of its rights and obligations under this Agreement shall be terminated, other than any rights or obligations that accrued prior to the date of such termination. The Agent may resign at any time upon notice, so long as a successor Agent, reasonably satisfactory to the HoldersNoteholders, has agreed to be bound by this Agreement and perform the duties of the Agent hereunder. The Natixis, as Initial Agent, may transfer its rights and obligations to the Servicer, as successor Agent, at any time without the consent of any HolderNoteholder. The Natixis, as Initial Agent, shall promptly and diligently attempt to cause such Servicer to act as successor Agent, and, if such Servicer declines to act in such capacity, shall promptly and diligently attempt to cause a similar servicer to act as successor Agent. The termination or resignation of such Servicer, as Servicer under the Servicing Agreement, shall be deemed a termination or resignation of such Servicer as Agent under this Agreement. Notwithstanding the to the contrary in this Agreement, upon Upon a Securitization of Note A-1the Lead Senior Note, the Certificate Administrator shall automatically become and be the Agent.

Termination of Agent. The Agent may be terminated at any time upon ten (10) days prior written notice from the Note A-1 Holder. In the event that the Agent is terminated pursuant to this Section 3438, all of its rights and obligations under this Agreement shall be terminated, other than any rights or obligations that accrued prior to the date of such termination. The Agent may resign at any time upon notice, so long as a successor Agent, reasonably satisfactory to the HoldersNoteholders, has agreed to be bound by this Agreement and perform the duties of the Agent hereunder. The NREC, as Initial Agent, may transfer its rights and obligations to the Servicer, as successor Agent, at any time without the consent of any HolderNoteholder. The NREC, as Initial Agent, shall promptly and diligently attempt to cause such Servicer to act as successor Agent, and, if such Servicer declines to act in such capacity, shall promptly and diligently attempt to cause a similar servicer to act as successor Agent. The termination or resignation of such Servicer, as Servicer under the Servicing Agreement, shall be deemed a termination or resignation of such Servicer as Agent under this Agreement. Notwithstanding the to the contrary in this Agreement, upon a Securitization of Note A-1, the Certificate Administrator shall automatically become and be the Agent.

Termination of Agent. The Agent may be terminated at any time upon ten (10) days prior written notice from the Note A-1 HolderLead Securitization Noteholder. In the event that the Agent is terminated pursuant to this Section 3438, all of its rights and obligations under this Agreement shall be terminated, other than any rights or obligations that accrued prior to the date of such termination. The Agent may resign at any time upon notice, so long as a successor Agent, reasonably satisfactory to the HoldersNoteholders, has agreed to be bound by this Agreement and perform the duties of the Agent hereunder. The Initial Agent, Agent may transfer its rights and obligations to the Servicer, as successor Agent, at any time without the consent of any HolderNoteholder. The Initial Agent, Agent shall promptly and diligently attempt to cause such Servicer to act as successor Agent, and, if such Servicer declines to act in such capacity, shall promptly and diligently attempt to cause a similar servicer to act as successor Agent. The termination or resignation of such Servicer, as Servicer under the Servicing Agreement, shall be deemed a termination or resignation of such Servicer as Agent under this Agreement. Notwithstanding the to the contrary in this Agreement, upon a Securitization of Note A-1the Lead Securitization Note, the Certificate Administrator shall automatically become and be the Agent.