Common use of Duty to Update Disclosure Clause in Contracts

Duty to Update Disclosure. The Owner Trustee will notify and provide information, and certify such information in an Officer’s Certificate, to the Depositor upon any event or condition relating to the Owner Trustee or actions taken by the Owner Trustee that (A) (i) is required to be disclosed by the Depositor under Item 2 (the institution of, material developments in, or termination of legal proceedings against U.S. Bank Trust National Association that are material to Noteholders) of Form 10-D under the Exchange Act within five days of such occurrence or (ii) the Depositor reasonably requests of the Owner Trustee that the Depositor, in good faith, believes is necessary to comply with Regulation AB within five days of request or (B) (i) is required to be disclosed under Item 6.02 (resignation, removal, replacement or substitution of U.S. Bank Trust National Association as Owner Trustee) of Form 8-K under the Exchange Act within two days of a Responsible Person of the Owner Trustee becoming aware of such occurrence or (ii) causes the information provided by the Owner Trustee in any certificate delivered by a Responsible Person of the Owner Trustee to be untrue or incorrect in any material respect or is necessary to make the statements provided by the Owner Trustee in light of the circumstances in which they were made not misleading within five days of a Responsible Person of the Owner Trustee becoming aware thereof. The obligations of the Owner Trustee to provide such information with respect to the period during which it served as Owner Trustee will survive the resignation or removal of the Owner Trustee under the Agreement.

Duty to Update Disclosure. The Owner Indenture Trustee will notify and provide information, and certify such information in an Officer’s Certificate, to the Depositor upon any event or condition relating to the Owner Indenture Trustee or actions taken by the Owner Indenture Trustee that (Aa) (i) is required to be disclosed by the Depositor under Item 2 (the institution of, material developments in, or termination of legal proceedings against U.S. The Bank Trust National Association of New York Mellon that are material to Noteholders) of Form 10-D under the Exchange Act within five days of such occurrence or (ii) the Depositor reasonably requests of the Owner Indenture Trustee that the Depositor, in good faith, believes is necessary to comply with Regulation AB within five days of such request or (Bb) (i) is required to be disclosed under Item 5 (submission of matters to a vote of Noteholders) of Form 10-D under the Exchange Act within five days of a Responsible Person of the Indenture Trustee becoming aware of such submission, (ii) is required to be disclosed under Item 6.02 (resignation, removal, replacement or substitution of U.S. The Bank Trust National Association of New York Mellon as Owner Indenture Trustee) or Item 6.04 (failure to make a distribution when required) of Form 8-K under the Exchange Act within two days of a Responsible Person of the Owner Indenture Trustee becoming aware of such occurrence or (iiiii) causes the information provided by the Owner Indenture Trustee in any certificate delivered by a Responsible Person of the Owner Indenture Trustee to be untrue or incorrect in any material respect or is necessary to make the statements provided by the Owner Indenture Trustee in light of the circumstances in which they were made not misleading within five days of a Responsible Person of the Owner Indenture Trustee becoming aware thereof. The obligations of the Owner Trustee to provide such information with respect to the period during which it served as Owner Trustee will survive the resignation or removal of the Owner Trustee under the Agreement.

Duty to Update Disclosure. The Owner Indenture Trustee will notify and provide information, and certify such information in an Officer’s Certificate, to the Depositor upon any event or condition relating to the Owner Indenture Trustee or actions taken by the Owner Indenture Trustee that (Aa) (i) is required to be disclosed by the Depositor under Item 2 (the institution of, material developments in, in or termination of legal proceedings against U.S. The Bank Trust National Association of New York Mellon that are material to Noteholders) of Form 10-D under the Exchange Act within five days of such occurrence or (ii) the Depositor reasonably requests of the Owner Indenture Trustee that the Depositor, in good faith, believes is necessary to comply with Regulation AB within five days of such request or (Bb) (i) is required to be disclosed under Item 5 (submission of matters to a vote of Noteholders) of Form 10-D under the Exchange Act within five days of a Responsible Person of the Indenture Trustee becoming aware of such submission, (ii) is required to be disclosed under Item 6.02 (resignation, removal, replacement or substitution of U.S. The Bank Trust National Association of New York Mellon as Owner Indenture Trustee) or Item 6.04 (failure to make a distribution when required) of Form 8-K under the Exchange Act within two days of a Responsible Person of the Owner Indenture Trustee becoming aware of such occurrence or (iiiii) causes the information provided by the Owner Indenture Trustee in any certificate delivered by a Responsible Person of the Owner Indenture Trustee to be untrue or incorrect in any material respect or is necessary to make the statements provided by the Owner Indenture Trustee in light of the circumstances in which they were made not misleading within five days of a Responsible Person of the Owner Indenture Trustee becoming aware thereof. The obligations of the Owner Trustee to provide such information with respect to the period during which it served as Owner Trustee will survive the resignation or removal of the Owner Trustee under the Agreement.

Duty to Update Disclosure. The Owner Indenture Trustee will notify and provide information, and certify such information in an Officer’s 's Certificate, to the Depositor upon any event or condition relating to the Owner Indenture Trustee or actions taken by the Owner Indenture Trustee that (A) (i) is required to be disclosed by the Depositor under Item 2 (the institution of, material developments in, or termination of legal proceedings against U.S. The Bank Trust National Association of New York that are material to Noteholders) of Form 10-D under the Exchange Act within five 5 days of such occurrence or (ii) the Depositor reasonably requests of the Owner Indenture Trustee that the Depositor, in good faith, believes is necessary to comply with Regulation AB within five 5 days of such request or (B) (i) is required to be disclosed under Item 5 (submission of matters to a vote of Noteholders) of Form 10-D under the Exchange Act within 5 days of a Responsible Person of the Indenture Trustee becoming aware of such submission, (ii) is required to be disclosed under Item 6.02 (resignation, removal, replacement or substitution of U.S. The Bank Trust National Association of New York as Owner Indenture Trustee) or Item 6.04 (failure to make a distribution when required) of Form 8-K under the Exchange Act within two 2 days of a Responsible Person of the Owner Indenture Trustee becoming aware of such occurrence or (iiiii) causes the information provided by the Owner Indenture Trustee in any certificate delivered by a Responsible Person of the Owner Indenture Trustee to be untrue or incorrect in any material respect or is necessary to make the statements provided by the Owner Indenture Trustee in light of the circumstances in which they were made not misleading within five 5 days of a Responsible Person of the Owner Indenture Trustee becoming aware thereof. The obligations of the Owner Trustee to provide such information with respect to the period during which it served as Owner Trustee will survive the resignation or removal of the Owner Trustee under the Agreement.

Duty to Update Disclosure. The Owner Trustee will notify and provide information, and certify such information in an Officer’s 's Certificate, to the Depositor upon any event or condition relating to the Owner Trustee or actions taken by the Owner Trustee that (A) (i) is required to be disclosed by the Depositor under Item 2 (the institution of, material developments in, or termination of legal proceedings against U.S. Bank Trust National Association that are material to Noteholders) of Form 10-D under the Exchange Act within five 5 days of such occurrence or (ii) the Depositor reasonably requests of the Owner Trustee that the Depositor, in good faith, believes is necessary to comply with Regulation AB within five 5 days of request or (B) (i) is required to be disclosed under Item 6.02 (resignation, removal, replacement or substitution of U.S. Bank Trust National Association as Owner Trustee) of Form 8-K under the Exchange Act within two 2 days of a Responsible Person of the Owner Trustee becoming aware of such occurrence or (ii) causes the information provided by the Owner Trustee in any certificate delivered by a Responsible Person of the Owner Trustee to be untrue or incorrect in any material respect or is necessary to make the statements provided by the Owner Trustee in light of the circumstances in which they were made not misleading within five 5 days of a Responsible Person of the Owner Trustee becoming aware thereof. The obligations of the Owner Trustee to provide such information with respect to the period during which it served as Owner Trustee will survive the resignation or removal of the Owner Trustee under the Agreement.

Duty to Update Disclosure. The Owner Indenture Trustee will notify and provide information, and certify such the information in an Officer’s Certificate, to the Depositor upon any event or condition relating to the Owner Indenture Trustee or actions taken by the Owner Indenture Trustee that (Aa) (i) is required to be disclosed by the Depositor under Item 2 (the institution of, material developments in, in or termination of legal proceedings against U.S. The Bank Trust National Association of New York Mellon that are material to Noteholders) of Form 10-D under the Exchange Act within five days of such the occurrence or (ii) the Depositor reasonably requests of the Owner Indenture Trustee that the Depositor, in good faith, believes is necessary to comply with Regulation AB within five days of the request or (Bb) (i) is required to be disclosed under Item 5 (submission of matters to a vote of Noteholders) of Form 10-D under the Exchange Act within five days of a Responsible Person of the Indenture Trustee becoming aware of the submission, (ii) is required to be disclosed under Item 6.02 (resignation, removal, replacement or substitution of U.S. The Bank Trust National Association of New York Mellon as Owner Indenture Trustee) or Item 6.04 (failure to make a distribution when required) of Form 8-K under the Exchange Act within two days of a Responsible Person of the Owner Indenture Trustee becoming aware of such the occurrence or (iiiii) causes the information provided by the Owner Indenture Trustee in any certificate delivered by a Responsible Person of the Owner Indenture Trustee to be untrue or incorrect in any material respect or is necessary to make the statements provided by the Owner Indenture Trustee in light of the circumstances in which they were made not misleading within five days of a Responsible Person of the Owner Indenture Trustee becoming aware thereof. The obligations of the Owner Trustee to provide such information with respect to the period during which it served as Owner Trustee will survive the resignation or removal of the Owner Trustee under the Agreement.

Duty to Update Disclosure. The Owner Trustee will notify and provide information, and certify such the information in an Officer’s Certificate, to the Depositor upon any event or condition relating to the Owner Trustee or actions taken by the Owner Trustee that (A) (i) is required to be disclosed by the Depositor under Item 2 (the institution of, material developments in, or termination of legal proceedings against U.S. Bank Trust National Association that are material to Noteholders) of Form 10-D under the Exchange Act within five days of such the occurrence or (ii) the Depositor reasonably requests of the Owner Trustee that the Depositor, in good faith, believes is necessary to comply with Regulation AB within five days of request or (B) (i) is required to be disclosed under Item 6.02 (resignation, removal, replacement or substitution of U.S. Bank Trust National Association as Owner Trustee) of Form 8-K under the Exchange Act within two days of a Responsible Person of the Owner Trustee becoming aware of such the occurrence or (ii) causes the information provided by the Owner Trustee in any certificate delivered by a Responsible Person of the Owner Trustee to be untrue or incorrect in any material respect or is necessary to make the statements provided by the Owner Trustee in light of the circumstances in which they were made not misleading within five days of a Responsible Person of the Owner Trustee becoming aware thereof. The obligations of the Owner Trustee to provide such the information with respect to the period during which it served as Owner Trustee will survive the resignation or removal of the Owner Trustee under the Agreement.

Duty to Update Disclosure. The Owner Trustee will notify and provide information, and certify such information in an Officer’s 's Certificate, to the Depositor upon any event or condition relating to the Owner Trustee or actions taken by the Owner Trustee that (A) (i) is required to be disclosed by the Depositor under Item 2 (the institution of, material developments in, or termination of legal proceedings against U.S. Bank Trust National Association that are material to Noteholders) of Form 10-D under the Exchange Act within five days of such occurrence or (ii) the Depositor reasonably requests of the Owner Trustee that the Depositor, in good faith, believes is necessary to comply with Regulation AB within five days of request or (B) (i) is required to be disclosed under Item 6.02 (resignation, removal, replacement or substitution of U.S. Bank Trust National Association as Owner Trustee) of Form 8-K under the Exchange Act within two days of a Responsible Person of the Owner Trustee becoming aware of such occurrence or (ii) causes the information provided by the Owner Trustee in any certificate delivered by a Responsible Person of the Owner Trustee to be untrue or incorrect in any material respect or is necessary to make the statements provided by the Owner Trustee in light of the circumstances in which they were made not misleading within five days of a Responsible Person of the Owner Trustee becoming aware thereof. The obligations of the Owner Trustee to provide such information with respect to the period during which it served as Owner Trustee will survive the resignation or removal of the Owner Trustee under the Agreement.

Duty to Update Disclosure. The Owner Indenture Trustee will notify and provide information, and certify such that information in an Officer’s Certificate, to the Depositor upon on the occurrence of any event or condition relating to the Owner Indenture Trustee or actions taken by the Owner Indenture Trustee that (Aa) (i) is required to be disclosed by the Depositor under Item 2 (the institution of, material developments in, or termination of legal proceedings against U.S. The Bank Trust National Association of New York Mellon that are material to Noteholders) of Form 10-D under the Exchange Act within five days of such the occurrence or (ii) the Depositor reasonably requests of the Owner Indenture Trustee that the Depositor, in good faith, believes is necessary to comply with Regulation AB within five days of the request or (Bb) (i) is required to be disclosed under Item 5 (submission of matters to a vote of Noteholders) of Form 10-D under the Exchange Act within five days of a Responsible Person of the Indenture Trustee becoming aware of the submission, (ii) is required to be disclosed under Item 6.02 (resignation, removal, replacement or substitution of U.S. The Bank Trust National Association of New York Mellon as Owner Indenture Trustee) or Item 6.04 (failure to make a distribution when required) of Form 8-K under the Exchange Act within two days of a Responsible Person of the Owner Indenture Trustee becoming aware of such the occurrence or (iiiii) causes the information provided by the Owner Indenture Trustee in any certificate delivered by a Responsible Person of the Owner Indenture Trustee to be untrue or incorrect in any material respect or is necessary to make the statements provided by the Owner Indenture Trustee in light of the circumstances in which they were made not misleading within five days of a Responsible Person of the Owner Indenture Trustee becoming aware thereof. The obligations of the Owner Trustee to provide such information with respect to the period during which it served as Owner Trustee will survive the resignation or removal of the Owner Trustee under the Agreement.

Duty to Update Disclosure. The Owner Trustee will notify and provide information, and certify such the information in an Officer’s Certificate, to the Depositor upon on the occurrence of any event or condition relating to the Owner Trustee or actions taken by the Owner Trustee that (A) (i) is required to be disclosed by the Depositor under Item 2 (the institution of, material developments in, or termination of legal proceedings against U.S. Bank Trust National Association that are material to Noteholders) of Form 10-D under the Exchange Act within five days of such the occurrence or (ii) the Depositor reasonably requests of the Owner Trustee that the Depositor, in good faith, believes is necessary to comply with Regulation AB within five days of request or (B) (i) is required to be disclosed under Item 6.02 (resignation, removal, replacement or substitution of U.S. Bank Trust National Association as Owner Trustee) of Form 8-K under the Exchange Act within two days of a Responsible Person of the Owner Trustee becoming aware of such the occurrence or (ii) causes the information provided by the Owner Trustee in any certificate delivered by a Responsible Person of the Owner Trustee to be untrue or incorrect in any material respect or is necessary to make the statements provided by the Owner Trustee in light of the circumstances in which they were made not misleading within five days of a Responsible Person of the Owner Trustee becoming aware thereof. The obligations of the Owner Trustee to provide such the information with respect to for the period during which it served as Owner Trustee will survive the resignation or removal of the Owner Trustee under the Agreement.

Duty to Update Disclosure. The Owner Trustee will notify and provide information, and certify such information in an Officer’s Certificate, to the Depositor Depositors upon any event or condition relating to the Owner Trustee or actions taken by the Owner Trustee that (A) (i) is required to be disclosed by the Depositor Depositors under Item 2 (the institution of, material developments in, or termination of legal proceedings against U.S. Bank Trust National Association that are material to Noteholders) of Form 10-D under the Exchange Act within five days of such occurrence or (ii) the either Depositor reasonably requests of the Owner Trustee that the such Depositor, in good faith, believes is necessary to comply with Regulation AB within five days of request or (B) (i) is required to be disclosed under Item 6.02 (resignation, removal, replacement or substitution of U.S. Bank Trust National Association as Owner Trustee) of Form 8-K under the Exchange Act within two days of a Responsible Person of the Owner Trustee becoming aware of such occurrence or (ii) causes the information provided by the Owner Trustee in any certificate delivered by a Responsible Person of the Owner Trustee to be untrue or incorrect in any material respect or is necessary to make the statements provided by the Owner Trustee in light of the circumstances in which they were made not misleading within five days of a Responsible Person of the Owner Trustee becoming aware thereof. The obligations of the Owner Trustee to provide such information with respect to the period during which it served as Owner Trustee will survive the resignation or removal of the Owner Trustee under the this Agreement.