Common use of Notice of Default or Events of Default Clause in Contracts

Notice of Default or Events of Default. If a Default or an Event of Default occurs and is continuing and if it is known to the Trustee, the Trustee shall mail to each Securityholder notice of the Default or Event of Default within 90 days after the Trustee obtains knowledge of such Default or Event of Default. However, the Trustee may withhold the notice if and so long as a committee of its Trust Officers in good faith determines that withholding notice is in the interests of Securityholders, except in the case of a Default or an Event of Default in payment of the principal of or interest on any Security.

Notice of Default or Events of Default. If a Default or an Event of Default occurs and is continuing and if it is known to the Trustee, the Trustee shall mail to each Securityholder Holder notice of the Default or Event of Default within 90 days after the Trustee obtains knowledge of such Default or Event of Defaultit occurs. However, the Trustee may withhold the notice if and so long as a committee of its Trust Officers in good faith determines that withholding notice is in the interests of SecurityholdersHolders, except in the case of a Default or an Event of Default in payment of the principal of or interest on any Security.

Notice of Default or Events of Default. If a Default or an Event of Default occurs and is continuing and if it is known to the Trustee, the Trustee shall mail to each Securityholder notice of the Default or Event of Default within 90 days after the Trustee obtains knowledge of such Default or Event of Defaultit occurs. However, the Trustee may withhold the notice if and so long as a committee of its Trust Responsible Officers in good faith determines that withholding notice is in the interests of Securityholders, except in the case of a Default or an Event of Default in payment of the principal of of, premium, if any, or interest on any Security.