Common use of TERMINATION OF THIS CUSTODIAN AGREEMENT Clause in Contracts

TERMINATION OF THIS CUSTODIAN AGREEMENT. This Custodian Agreement shall remain in effect until the date on which either of the following shall occur: (a) the Servicing Agreement shall have expired or otherwise been terminated; or (b) upon satisfaction of all indebtedness of the Borrower the payment of which is secured under the Loan Agreement, including indebtedness for any penalties, costs of collection or other charges. Upon termination of this Custodian Agreement for any reason other than full satisfaction of indebtedness of the Borrower, the Deposited Loans then held by Custodian shall be forthwith delivered to the party designated by the Trustee, subject to the terms of the Servicing Agreement. Upon termination of this Custodian Agreement following satisfaction of indebtedness of the Borrower, Deposited Loans and materials relating thereto in the possession of the Custodian shall be delivered to the Borrower or its designee. This Custodian Agreement shall not be subject to termination other than as specifically provided in this paragraph.

TERMINATION OF THIS CUSTODIAN AGREEMENT. This Custodian Agreement shall remain in effect until the date on which either of the following shall occur: (a) the Servicing Agreement Lease shall have expired or otherwise been terminated; or (b) upon satisfaction of all indebtedness of the Borrower the payment of which is secured under the Loan AgreementTrust, including indebtedness for any penalties, costs of collection or other charges, notification of which shall be provided in writing by the Trustee on behalf of the Trust. Upon termination of this Custodian Agreement for any reason other than full satisfaction of indebtedness of the BorrowerTrust, the Deposited Loans Titles then held by the Custodian shall be forthwith delivered to the party designated by the Trustee, on behalf of the Trust, subject to the terms of the Servicing AgreementLease. Upon termination of this Custodian Agreement following satisfaction of indebtedness of the BorrowerTrust, Deposited Loans the Titles and materials relating thereto in the possession of the Custodian shall be delivered to the Borrower or its designeeTrustee, on behalf of the Trust. This Custodian Agreement shall not be subject to termination other than as specifically provided in this paragraphSection 7.

TERMINATION OF THIS CUSTODIAN AGREEMENT. This Custodian Agreement shall remain in effect until the date on which either of the following shall occur: (a) the Servicing Subservicing Agreement shall have expired or otherwise been terminated; or (b) upon satisfaction of all indebtedness of the Borrower the payment of which is secured under the Loan Agreement, including indebtedness for any penalties, costs of collection or other charges. Upon termination of this Custodian Agreement for any reason other than full satisfaction of indebtedness of the Borrower, the Deposited Loans then held by Custodian shall be forthwith delivered to the party designated by the Trustee, subject to the terms of the Servicing Subservicing Agreement. Upon termination of this Custodian Agreement following satisfaction of indebtedness of the Borrower, Deposited Loans and materials relating thereto in the possession of the Custodian shall be delivered to the Borrower or its designee. This Custodian Agreement shall not be subject to termination other than as specifically provided in this paragraph.