Termination of Servicing. (i) In the event of a Securitization or other removal of a Loan from the Trust Estate, the Servicer shall be terminated with respect to such Loan. (ii) The Servicer agrees that in the event that any Notes are Outstanding on the Maturity Date, the Servicer will resign and the Majority Noteholders shall appoint a successor in accordance with provisions of SECTION 10.
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Sources: Sale and Servicing Agreement (Franchise Finance Corp of America), Sale and Servicing Agreement (Franchise Finance Corp of America), Sale and Servicing Agreement (Franchise Finance Corp of America)
Termination of Servicing. (i) In the event of a Securitization Disposition or other removal of a Loan from the Owner Trust Estate, the Servicer shall be terminated hereunder with respect to such Loan.
(ii) The Servicer agrees that in the event that any Notes Certificates are Outstanding on outstanding after the Maturity Expected Final Distribution Date, the Servicer will resign and the Majority Noteholders Certificateholders shall appoint a successor in accordance with provisions of SECTION 10Section 15.
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