Common use of Termination of Special Servicer for Default Clause in Contracts

Termination of Special Servicer for Default. The Company shall have the right, immediately upon written notice, to terminate the Special Servicer's right and obligation to subservice all of the Specially Serviced Mortgage Loans hereunder in the event (each such event, an "Event of Default") of:

Appears in 34 contracts

Samples: Pooling and Servicing Agreement (Abn Amro Mortgage Corp Series 2001-1a), Pooling and Servicing Agreement (Multi-Class Mortgage Pass-Through Cert Series 2003-12), Pooling and Servicing Agreement (Abn Amro Mortgage Corp Series 1999-7)

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Termination of Special Servicer for Default. The Company shall have the right, immediately upon written notice, to terminate the Special Servicer's right and obligation to subservice all of the Specially Serviced Mortgage Loans hereunder in the event (each such event, an "Event of DefaultEVENT OF DEFAULT") of:

Appears in 11 contracts

Samples: Pooling and Servicing Agreement (Abn Amro Mortgage Corp Mul Cl Mort Pass THR Cert Ser 2003-1), Pooling and Servicing Agreement (Abn Amro Mortgage Corp Mort Ps THR CRTS Ser 2003-7), Pooling and Servicing Agreement (Abn Amro Mortgage Corp Muilti Cl Mort Ps THR CRTS Ser 2003-8)

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Termination of Special Servicer for Default. The Company shall have the right, immediately upon written notice, to terminate the Special Servicer's ’s right and obligation to subservice all of the Specially Serviced Mortgage Loans hereunder in the event (each such event, an "Event of Default") of:

Appears in 1 contract

Samples: Special Servicing Agreement (Citicorp Mortgage Securities Inc)

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