Certain Notices upon Final Payment Sample Clauses
The 'Certain Notices upon Final Payment' clause requires that specific notifications be provided when the final payment under a contract is made. Typically, this involves informing relevant parties—such as contractors, subcontractors, or suppliers—that the last payment has been issued, and may also require confirmation that all obligations have been fulfilled. This clause ensures transparency at the conclusion of a project or agreement, helping to prevent disputes over outstanding payments or unresolved issues by formally documenting the completion of financial responsibilities.
Certain Notices upon Final Payment. The Master Servicer or the Trust Administrator, as applicable, shall give the Issuer, the Indenture Trustee, the Owner Trustee, each Rating Agency, each Noteholder and the Depositor at least 30 days’ prior written notice of the date on which the Trust is expected to terminate in accordance with Section 9.01, or the date on which the Notes will be redeemed in accordance with Section 9.02. Not later than the fifth Business Day in the Due Period in which the final payment in respect to the Notes is payable to the Noteholders, the Indenture Trustee shall mail to the Noteholders a notice specifying the procedures with respect to such final payment. The Trust Administrator on behalf of the Indenture Trustee shall give a copy of such notice to each Rating Agency at the time such notice is given to Noteholders. Following the final payment thereon, such Notes shall become void, no longer outstanding and no longer evidence any right or interest in the Mortgage Loans, the Mortgage Files or any proceeds of the foregoing.
Certain Notices upon Final Payment. [ ] shall give the Issuer, the Indenture Trustee, each Rating Agency, each Securityholder and the Depositor at least 30 days’ prior written notice of the date on which the Trust is expected to terminate in accordance with Section 10.01, or the date on which the Securities will be redeemed in accordance with Section 10.02. Not later than the fifth Business Day in the Due Period in which the final distribution in respect to the Securities is payable to the Securityholders, the Indenture Trustee shall mail to the Holders of the Securities a notice specifying the procedures with respect to such final distribution. The Indenture Trustee shall give a copy of such notice to each Rating Agency at the time such notice is given to Securityholders. Following the final distribution thereon, such Securities shall become void, no longer outstanding and no longer evidence any right or interest in the Loan Assets, the Mortgage Files or any proceeds of the foregoing.
Certain Notices upon Final Payment. The Master Servicer or the Trust Administrator, as applicable, shall give the Issuer, the Indenture Trustee, the Owner Trustee, each Rating Agency, each Noteholder and the Depositor at least ten days’ prior written notice of the date on which the Trust is expected to terminate in accordance with Section 9.01. The Trust Administrator shall mail to the Noteholders a notice specifying the procedures with respect to such final payment, which notice may be combined with the notice required by the preceding sentence. The Trust Administrator on behalf of the Indenture Trustee shall give a copy of such notice to each Rating Agency at the time such notice is given to Noteholders. Following the final payment thereon, such Notes shall become void, no longer outstanding and no longer evidence any right or interest in the Mortgage Loans, the Mortgage Files or any proceeds of the foregoing.
Certain Notices upon Final Payment. The Master Servicer or the Administrator, as applicable, shall give the Issuer, the Indenture Trustee, the Insurer (so long as the Class A Notes are Outstanding), each Rating Agency, each Securityholder and the Depositor at least 30 days’ prior written notice of the date on which the Issuer is expected to terminate in accordance with Section 8.01, or the date on which the Securities will be redeemed in accordance with Section 8.02. Not later than the fifth Business Day in the Due Period in which the final distribution in respect to the Securities is payable to the Securityholders, the Indenture Trustee shall mail to the Securityholders a notice specifying the procedures with respect to such final distribution. The Indenture Trustee shall give a copy of such notice to each Rating Agency and the Insurer (so long as the Class A Notes are Outstanding) at the time such notice is given to Securityholders. Following the final distribution thereon, such Securities shall become void, no longer outstanding and no longer evidence any right or interest in the Mortgage Loans, the Mortgage Files or any proceeds of the foregoing.
Certain Notices upon Final Payment. The Master Servicer or the Administrator, as applicable, shall give the Issuer, the Indenture Trustee, the Insurers (so long as the Notes are Outstanding or any Reimbursement Amounts remain due and owing to an Insurer), each Rating Agency, each Securityholder and the Depositor at least 30 days’ prior written notice of the date on which the Issuer is expected to terminate in accordance with Section 8.01, or the date on which the Securities will be redeemed in accordance with Section 8.02. Not later than the fifth Business Day in the Due Period in which the final distribution in respect to the Securities is payable to the Securityholders, the Indenture Trustee shall mail to the Securityholders a notice specifying the procedures with respect to such final distribution. The Indenture Trustee shall give a copy of such notice to each Rating Agency and the Insurers (so long as the Notes are Outstanding or any Reimbursement Amounts remain due and owing to an Insurer) at the time such notice is given to Securityholders. Following the final distribution thereon, such Securities shall become void, no longer outstanding and no longer evidence any right or interest in the Loans, the Mortgage Files or any proceeds of the foregoing.
Certain Notices upon Final Payment. The Securities Administrator shall give the Issuer, the Indenture Trustee, the Owner Trustee, each Rating Agency, each Noteholder, the Certificateholder and the Depositor at least 10 days prior written notice of the date on which the Issuer is expected to terminate in accordance with Section 9.1, or the date on which the Notes will be redeemed in accordance with
Certain Notices upon Final Payment. The Servicer shall ---------------------------------- give the Trustee, each Rating Agency, each Certificateholder, the Back-Up Servicer, the Depositor and the Unaffiliated Seller at least 30 days' prior written notice of the date on which the Trust is expected to terminate in accordance with Section 10.01, or the date on which the Certificates will be optionally redeemed in accordance with Section 10.02. Such notice shall be accompanied by an Officer's Certificate setting forth the information specified in Section 4.15 covering the period during the then-current calendar year through the date of such notice. Not later than the fifth Business Day in the Collection Period in which the final distribution in respect to the Certificates is payable to the Certificateholders, the Trustee shall mail to the Holders of the Certificates a notice specifying the procedures with respect to such final distribution. The Trustee shall give a copy of such notice to each Rating Agency at the time such notice is given to Certificateholders. Following the final distribution thereon, the Certificates shall become void, no longer outstanding and no longer evidence any right or interest in the Mortgage Loans or the Loan Files or any proceeds of the foregoing.
Certain Notices upon Final Payment. The Master Servicer or the Trust Administrator, as applicable, shall give the Issuer, the Indenture Trustee, the Owner Trustee, each Rating Agency, each Noteholder and the Depositor at least 30 days' prior written notice of the date on which the Trust is expected to terminate in accordance with Section 9.01, or the date on which the Notes will be redeemed in accordance with Section 9.
Certain Notices upon Final Payment. The Master Servicer or the Administrator, as applicable, shall give the Issuer, the Indenture Trustee, the Insurer (so long as the Class A Notes are Outstanding or any Reimbursement Amounts remain due and owing to the Insurer and no Insurer Default has occurred and is continuing), each Rating Agency, each Securityholder and the Depositor at least 30 days' prior written notice of the date on which the Issuer is expected to terminate in accordance with Section 8.01, or the date on which the Securities will be redeemed in accordance with Section 8.