Common use of Termination of Servicing Clause in Contracts

Termination of Servicing. (i) In the event of a Securitization or other removal of a Loan from the Trust Estate, the Servicer shall be terminated with respect to such Loan.

Appears in 3 contracts

Samples: Sale and Servicing Agreement (Franchise Finance Corp of America), Sale and Servicing Agreement (Franchise Finance Corp of America), Sale and Servicing Agreement (Franchise Finance Corp of America)

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Termination of Servicing. (i) In the event of a Securitization Disposition or other removal of a Loan from the Owner Trust Estate, the Servicer shall be terminated hereunder with respect to such Loan.

Appears in 1 contract

Samples: Trust and Servicing Agreement (Finova Group Inc)

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