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

Notice of Defaults 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 Noteholder written notice of the Default or Event of Default within 90 days after it occurs. Except in the case of a Default or an Event of Default in payment of the Principal of (including payment of sinking fund installments) or interest on any Note, the Trustee may withhold the notice if and so long as a committee of its Trust Officers in good faith determines that withholding the notice is in the interest of Noteholders.

Notice of Defaults or Events of Default. If a Default default or an Event of Default occurs and is continuing and if it is actually known to a Responsible Officer of the Trustee, the Trustee shall mail to each Noteholder written Securityholder notice of the Default default or Event of Default within 90 days after it occurs. Except in the case of a Default default or an Event of Default in payment of the Principal principal of (including payment payments of sinking fund installments) or interest on any NoteSecurity, the Trustee may withhold the notice if and so long as a committee of its Trust Responsible Officers in good faith determines that withholding the notice is in the interest of NoteholdersSecurityholders.

Notice of Defaults or Events of Default. If a Default default or an Event of Default occurs and is continuing and if it is known to the Trustee, the Trustee shall mail to each Noteholder written Securityholder notice of the Default default or Event of Default within 90 days after it occurs. Except in the case of a Default default or an Event of Default in payment of the Principal principal of (including payment payments of sinking fund installments) or interest on any NoteSecurity, the Trustee may withhold the notice if and so long as a committee of its Trust Officers in good faith determines that withholding the notice is in the interest of NoteholdersSecurityholders.