Common use of Action Upon Certain Failures of the Servicer and Upon Event of Servicer Termination Clause in Contracts

Action Upon Certain Failures of the Servicer and Upon Event of Servicer Termination. In the event that a Responsible Officer of the Indenture Trustee shall have actual knowledge or written notice of any action or inaction of the Servicer that would become an Event of Servicer Termination upon the Servicer's failure to remedy the same after notice, the Indenture Trustee shall give notice thereof to the Servicer.

Action Upon Certain Failures of the Servicer and Upon Event of Servicer Termination. In the event that a Responsible Officer of the Indenture Trustee shall have actual knowledge or written notice of any action or inaction of the Servicer that would become an Event of Servicer Termination upon the Servicer's ’s failure to remedy the same after notice, the Indenture Trustee shall give notice thereof to the Servicer.

Action Upon Certain Failures of the Servicer and Upon Event of Servicer Termination. In the event that a Responsible Officer of the Indenture Trustee shall have actual knowledge or written notice of any action or inaction of the Servicer that would become an Event of Servicer Termination upon the Servicer's ’s failure to remedy the same after notice, the Indenture Trustee shall give notice thereof to the ServicerServicer and the Note Insurer.

Action Upon Certain Failures of the Servicer and Upon Event of Servicer Termination. In the event that a Responsible Officer of the Indenture Trustee shall have actual knowledge or written notice of any action or inaction of the Servicer that would become an Event of Servicer Termination upon the Servicer's ’s failure to remedy the same after notice, the Indenture Trustee shall give notice thereof to the ServicerServicer and, so long as the Notes are Outstanding or any Reimbursement Amounts remain due and owing to an Insurer, the Insurers.