Notice from the Trustees Sample Clauses
The "Notice from the Trustees" clause defines the process and requirements for the trustees to formally communicate important information to relevant parties under the agreement. Typically, this clause outlines how notices must be delivered—such as by mail, email, or other specified methods—and may set out timelines for when a notice is considered received. Its core practical function is to ensure that all parties are properly informed of key developments or decisions, thereby reducing the risk of misunderstandings and ensuring procedural fairness.
Notice from the Trustees. If any Trustee has notice of an Indenture Default or a Triggering Event, such Person shall promptly give notice thereof to each other party hereto, provided, however, that no such Person shall have any liability hereunder as a result of its failure to deliver any such notice.
