Every Subservicing Agreement entered into by a Servicer. shall contain a provision giving the successor Servicer the option to terminate such agreement in the event a successor Servicer is appointed.
Appears in 4 contracts
Sources: Pooling and Servicing Agreement (Morgan Stanley Ixis Real Estate Capital Trust 2006-2), Pooling and Servicing Agreement (Morgan Stanley ABS Capital I Inc. Trust 2007-He5), Pooling and Servicing Agreement (Morgan Stanley Home Equity Loan Trust 2007-2)