Notice of Default; Right to Investigate. The Trustee shall, within thirty (30) days after the occurrence thereof, give written notice by first class mail to holders of Bonds and to the Credit Facility Issuer of such defaults that the Trustee has actual knowledge of or is deemed to have notice of pursuant to the terms of this Indenture and the Trustee shall send a copy of such notice to the Issuer and the Company, unless such defaults have been remedied (the term “defaults” for purposes of this Section and Section 12.06 being defined to include the events specified in Clauses (a) through (g) of Section 11.01, not including any notice or periods of grace provided for therein); provided that, in the case of a default under Clause (c) or (f) of Section 11.01, the Trustee may withhold such notice so long as it in good faith determines that such withholding is in the interest of the Bondholders. The Trustee shall, as long as it is the Tender Agent or Paying Agent hereunder, be deemed to have notice of any default under Clause (a) or (b) of Section 11.01. The Trustee shall not be deemed to have notice of any default under Clause (c) or (f) of Section 11.01 unless it has been notified in writing of such default by the Credit Facility Issuer, the Company or the holders of at least 25% in principal amount of the Bonds then Outstanding. In the absence of delivery of notice satisfying these requirements, the Trustee may assume conclusively that there is no default or Event of Default. The Trustee may, however, at any time require of the Issuer full information as to the performance of any covenant hereunder; and, if information satisfactory to it is not forthcoming, the Trustee may make or cause to be made an investigation into the affairs of the Issuer related to this Indenture, at the expense of the Company.
Notice of Default; Right to Investigate. The Trustee shall, within 30 days after the occurrence thereof, give written notice by first class mail to the Bank and the registered owners of the Bonds of all defaults known to the Trustee, unless such defaults have been remedied (the term "defaults" for purpose of this Section and Section 12.06 being defined to include the events specified in clauses A through G of Section 11.01, not including any notice or periods of grace provided for therein); provided that, in the case of a default under clause D or E of Section 11.01, the Trustee may withhold such notice so long as it determines that such withholding does not adversely affect the interests of the Bondholders or the Bank. The Trustee shall not be deemed to have notice of any default under clause D or E of Section 11.01 unless notified in writing of such default by Owners of at least a majority in principal amount of all Bonds then Outstanding. The Trustee may, however, at any time require of the Issuer full information as to the performance of any covenant hereunder; and, if information satisfactory to it is not forthcoming, the Trustee may make or cause to be made, at the expense of the Company, an investigation into the affairs of the Issuer related to this Indenture. Nothing in this Section shall limit the Trustee's obligation under Section 11.02 to declare the principal of all Bonds, together with interest accrued thereon, immediately due and payable when required by the terms of such Section.
Notice of Default; Right to Investigate. Except upon the failure of the Authority to pay debt service to the Trustee on a full and timely basis, the Trustee shall not be required to take notice or be deemed to have knowledge of the occurrence or continuation of any Event of Default by the Authority unless and until specifically notified in writing of such default by the Authority or by the SCPCFA. The Trustee may at any time in its discretion require of the Authority full information as to the performance of any of the covenants, conditions and agreements herein and may make or cause to be made independent investigations, at the sole expense of the Authority, concerning the Project and the affairs of the Authority insofar as they are related thereto.
Notice of Default; Right to Investigate. The Trustee shall, within thirty (30) days after notice thereof, give written notice by registered mail to Holders of Bonds and the Bond Insurer of all defaults known to the Trustee (the term "defaults" for purposes of this Section and Section 10.06 being defined to mean the events specified in clauses (a) through (d) of Section 9.01); provided that the Trustee shall give the Bond Insurer immediate notice of an event of default under Section 9.01(a) or (b). The Trustee shall not be deemed to have notice of any default other than defaults under clauses (a) and (b) of Section 9.01 (except an "event of default", as defined in the Mortgage Indenture as to which it has received actual notice from the Mortgage Trustee), unless notified in writing of such default by the Holders of at least twenty-five percent (25%) of the principal amount of all Bonds then Outstanding, the Bond Insurer or by the Authority. The Trustee may, however, at any time require of the Authority full information as to the performance of any covenant hereunder; and, if information satisfactory to it is not forthcoming, the Trustee may make or cause to be made, at the expense of the Company, an investigation into the affairs of the Authority related to this Indenture.
Notice of Default; Right to Investigate. (d) The Issuer shall pay the Trustee reasonable compensation for its services hereunder, and also all its reasonable expenses and disbursements, including the reasonable fees and out-of-pocket expenses of counsel for the Trustee, provided, however, that the Issuer previously shall have agreed to all such compensation and expenses. If the Issuer shall have failed to make any such payment, the Trustee shall have, in addition to any other rights hereunder, a claim, prior to the Noteholders, for the payment of its compensation and indemnification and the reimbursement of its expenses and any advances made by it upon the moneys and obligations in the Note Fund, except for moneys or obligations held by the Trustee for the payment of particular Notes or the proceeds of any drawing under the Credit Facility.
Notice of Default; Right to Investigate. The Trustee shall, within 10 days after the occurrence of an Event of Default, give written notice by first class mail to registered owners of Bonds and to the Issuer and the Company of all Defaults known to the Trustee, unless such Defaults have been remedied; provided that in the case of a Default under Section 10.01, the Trustee may withhold such notice so long as it in good faith determines that such withholding is in the interest of the Bondholders. The Trustee shall not be deemed to have notice of any Default under Section 10.01 (other than payment Defaults) unless notified in writing of such Default by the owners of at least 25% in principal amount of all Bonds than Outstanding. The Trustee may, however, at any time require of the Issuer, subject to the provisions of Section 9.03 hereof, or the Company on behalf of the Issuer, full information as to the performance of any covenant hereunder; and, if information satisfactory to it is not forthcoming, the Trustee may make or cause to be made, at the expense of the Company, an investigation into the affairs of the Company related to this Indenture.
Notice of Default; Right to Investigate. The Trustee shall, within the later of (i) 30 days after the occurrence thereof, or (ii) 15 days after it obtains actual knowledge thereof, give written notice by first class mail to registered owners of Bonds of all Events of Default known to the Trustee, unless such Events of Default have been remedied. The Trustee shall not be deemed to have notice of any Event of Default under Section 11.1(c), (d),or (e) (other than payment defaults under Sections 6.01(a) of the Agreement) unless notified in writing of such default by the owners of at least 25% in principal amount of all Bonds then Outstanding or if it has actual notice thereof. The Trustee may, however, at any time require of the Issuer full information as to the performance of any covenant hereunder; and, if information satisfactory to it is not forthcoming, the Trustee may make or cause to be made, at the expense of the Company, an investigation into the affairs of the Issuer related to this Indenture. Copies of any notice required by this Section 12.5 shall also be sent to each Paying Agent.
Notice of Default; Right to Investigate. The Trustee shall, within 30 days after the occurrence thereof, give written notice by first class mail to registered owners of Bonds and the Bank of all Events of Default of which the Trustee is by Section 12.2(c) hereof required to take notice or be deemed to have notice, unless such Event of Default shall have been remedied, waived or cured; provided that in the case of an Event of Default under Section 11.1(a)(ii), the Trustee may withhold such notice to the Bondholders so long as it in good faith determines that such withholding is in the interest of the Bondholders. A copy of any notice required by this Section 12.5 shall also be sent to the Remarketing Agent and each Paying Agent.
Notice of Default; Right to Investigate. The Trustee shall, within ten (10) days for Significant Bondholders and within ninety (90) days for all Bondholders after the occurrence thereof, give written notice by first class mail to registered Holders of Bonds of all defaults known to the Trustee, unless such defaults have been remedied (the term "defaults" for purposes of this Section and Section 9.06 being defined to include the events specified in clauses (a) through (d) of Section 8.01). The Trustee shall not be deemed to have notice of any default other than under clauses (a) and (b) of Section 8.01, unless it has actual notice or it is notified in writing of such default by any of the Holders of the Bonds then Outstanding or by the Authority. The Trustee may, however, at any time request that the Authority provide to the Trustee full information of which the Authority has actual knowledge (without undertaking an investigation) as to the performance of any covenant hereunder; and, if information satisfactory to it is not forthcoming, the Trustee may make or cause to be made, at the expense of the Company, an investigation into the affairs of the Company related to this Indenture.
Notice of Default; Right to Investigate. The Trustee shall give written notice by first-class mail to registered Holders of a Series of Bonds of all defaults known to the Trustee, unless such defaults have been remedied (the term “defaults” for purposes of this Section and Section 11.07 being defined to include the events specified as “Events of Default” in Article X hereof, but not including any notice or periods of grace provided for therein); provided that, except in the case of a default in payment of principal or interest or Redemption Price, the Trustee may withhold such notice so long as it in good faith determines that such withholding is in the interest of the Bondholders. The Trustee shall not be deemed to have notice of any default other than a payment default under this Master Indenture and any Supplemental Indenture or a notification by a Credit Facility Issuer of a default under its Credit Facility, unless notified in writing of such default by the Holders of at least a majority of the aggregate principal amount of the Outstanding Bonds of a Series. The Trustee may, however, at any time require of the Issuer full information as to the performance of any covenant hereunder, and if information satisfactory to it is not forthcoming, the Trustee may make or cause to be made, at the expense of the Issuer, an investigation into the affairs of the Issuer.
