Common use of Termination of Agreement as to Servicing Clause in Contracts

Termination of Agreement as to Servicing. Unless earlier terminated as contemplated herein, the appointment of the Servicer and the Subservicers under this Agreement and the respective obligations and responsibilities of the Issuer, the Issuer Loan Trustee for the benefit of the Issuer, the Depositor, the Depositor Loan Trustee for the benefit of the Depositor, the Servicer, the Subservicers and the Indenture Trustee to the Servicer and the Subservicers, as applicable, under this Agreement, and the rights and obligations of the Servicer and the Subservicers under this Agreement except with respect to the obligations described in Section 10.07, shall terminate on the date of termination of the Trust Agreement. Such termination shall be automatic, without any required action of the Depositor, the Depositor Loan Trustee, the Indenture Trustee, the Issuer, the Issuer Loan Trustee or any Noteholder.