Common use of Change of Servicer or Trustee Clause in Contracts

Change of Servicer or Trustee. Requires disclosure of any removal, replacement, substitution or addition of any master servicer, affiliated servicer, other servicer servicing 10% or more of pool assets at time of report, other material servicers, certificate administrator or trustee. X X X X

Change of Servicer or Trustee. Requires disclosure of any removal, replacement, substitution or addition of any master servicer, affiliated servicer, other servicer servicing 10% or more of pool assets at time of report, other material servicers, certificate administrator or trustee. X X X XX X Reg AB disclosure about any new servicer (from entity appointing new servicer) or trustee (from Depositor) is also required. X X X 10-D Must be filed within 15 days of the distribution date for the asset-backed securities.