Common use of Termination of the Servicer Clause in Contracts

Termination of the Servicer. Notwithstanding anything this Agreement to the contrary, the Insurer may terminate or refuse to renew the term of the Servicer at such time as permitted under any separate agreements between them so long as no Insurer Default has occurred and is continuing.

Appears in 4 contracts

Samples: Sale and Servicing Agreement (Prudential Securities Secured Financing Corp), Sale and Servicing Agreement (Prudential Securities Secured Financing Corp), Sale and Servicing Agreement (Prudential Securities Secured Financing Corp)

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Termination of the Servicer. Notwithstanding anything this Agreement to the contrary, the Certificate Insurer may terminate or refuse to renew the term of the Servicer at such time as permitted under any separate agreements between them so long as no Certificate Insurer Default has occurred and is continuing.

Appears in 3 contracts

Samples: Pooling and Servicing Agreement (Prudential Securities Secured Financing Corp), Pooling and Servicing Agreement (Prudential Securities Secured Financing Corp), Pooling and Servicing Agreement (Prudential Securities Secured Financing Corp)

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Termination of the Servicer. Notwithstanding anything this Agreement to the contrary, the Certificate Insurer may terminate or refuse to renew the term of the Servicer at such time as permitted under any separate agreements between them so long as no Certificate Insurer Default has occurred and is continuing.. 107

Appears in 1 contract

Samples: Pooling and Servicing Agreement (Prudential Securities Secured Financing Corp)

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