Common use of Notice of Event of Default Clause in Contracts

Notice of Event of Default. Subject to Section 5.01, the Indenture Trustee shall promptly mail to each Noteholder notice of the Event of Default after it is actually known to a Responsible Officer of the Indenture Trustee, unless such Event of Default shall have been waived or cured. Except in the case of an Event of Default in payment of principal of or interest on any Note, the Indenture Trustee may withhold the notice if and so long as it in good faith determines that withholding the notice is in the interests of Noteholders.

Appears in 31 contracts

Samples: Indenture (Greenpoint Mortgage Funding Trust 2005-He4), Indenture (New Century Home Equity Loan Trust 2005-2), Indenture (New Century Alternative Mortgage Loan Trust 2006-Alt1)

AutoNDA by SimpleDocs

Notice of Event of Default. Subject to Section 5.01, the Indenture Trustee shall promptly mail to each Noteholder Bondholder notice of the Event of Default after it is actually known to a Responsible Officer of the Indenture Trustee, unless such Event of Default shall have been waived or cured. Except in the case of an Event of Default in payment of principal of or interest on any NoteBond, the Indenture Trustee may withhold the notice if and so long as it a committee of its Responsible Officers in good faith determines that withholding the notice is in the interests of NoteholdersBondholders.

Appears in 23 contracts

Samples: Servicing Agreement (Impac CMB Trust Series 2005-8), Indenture (Impac CMB Trust Series 2004-2), Indenture (Imh Assets Corp Impac CMB Trust Series 2002 9f)

Notice of Event of Default. Subject to Section 5.01, the Indenture Trustee shall promptly mail to each Noteholder notice of the Event of Default after it is actually known to a Responsible Officer of the Indenture Trustee, unless such Event of Default shall have been waived or cured. Except in the case of an Event of Default in payment of principal of or interest on any Note, the Indenture Trustee may withhold the notice if and so long as it a committee of its Responsible Officers in good faith determines that withholding the notice is in the best interests of Noteholders.

Appears in 17 contracts

Samples: Indenture (Bear Stearns ARM Trust 2006-1), Indenture (Bear Stearns ARM Trust 2007-2), Indenture (GSR Trust 2005-Hel1)

Notice of Event of Default. Subject to Section 5.01, the Indenture Trustee shall promptly mail to each Noteholder notice of the Event of Default after it is actually known to a Responsible Officer of the Indenture TrusteeTrustee obtains actual knowledge or written notice of such event, unless such Event of Default shall have been waived or cured. Except in the case of an Event of Default in payment of principal of or interest on any Note, the Indenture Trustee may withhold the notice if and so long as it a committee of its Responsible Officers in good faith determines that withholding the notice is in the interests of Noteholders.

Appears in 14 contracts

Samples: Indenture (Homebanc Corp), Indenture (Homebanc Corp), Indenture (Peoples Choice Home Loan Securities Trust Series 2005-3)

Notice of Event of Default. Subject to Section 5.01, the Indenture Trustee shall promptly mail to each Noteholder and the Note Insurer notice of the Event of Default after it is actually known to a Responsible Officer of the Indenture Trustee, unless such Event of Default shall have been waived or cured. Except in the case of an Event of Default in payment of principal of or interest on any Note, the Indenture Trustee may withhold the notice if and so long as it in good faith determines that withholding the notice is in the interests of Noteholders.

Appears in 2 contracts

Samples: Manufactured Housing Contract (Origen Residential Securities, Inc.), Servicing Agreement (Origen Manufactured Housing Contract Trust Collateralized Notes, Series 2006-A)

Notice of Event of Default. Subject to Section 5.01, the Indenture Trustee shall promptly mail to each Noteholder notice of the Event of Default after it is actually known to a Responsible Officer of the Indenture Trustee, unless such Event of Default shall have been waived or cured. Except in the case of an Event of Default in payment of principal of or interest on any Offered Note, the Indenture Trustee may withhold the notice if and so long as it a committee of its Responsible Officers in good faith determines that withholding the notice is in the interests of Noteholders.

Appears in 2 contracts

Samples: Master Agreement (GSC Capital Corp. Mortgage Trust 2006-1), Merrill Lynch Mortgage Investors Inc

Notice of Event of Default. Subject to Section 5.01, the Indenture Trustee shall promptly mail to each Noteholder and the Insurer notice of the Event of Default after it is actually known to a Responsible Officer of the Indenture Trustee, unless such Event of Default shall have been waived or cured. Except in the case of an Event of Default in payment of principal of or interest on any Note, the Indenture Trustee may withhold the notice if and so long as it a committee of its Responsible Officers in good faith determines that withholding the notice is in the best interests of Noteholders.

Appears in 1 contract

Samples: Trust Agreement (American Home Mortgage Investment Trust 2005-4)

AutoNDA by SimpleDocs

Notice of Event of Default. Subject to Section 5.01, the Indenture Trustee shall promptly mail to each Noteholder and the Insurers notice of the Event of Default after it is actually known to a Responsible Officer of the Indenture Trustee, unless such Event of Default shall have been waived or cured. Except in the case of an Event of Default in payment of principal of or interest on any Note, the Indenture Trustee may withhold the notice if and so long as it in good faith determines that withholding the notice is in the interests of Noteholders.

Appears in 1 contract

Samples: Argent Securities Inc

Notice of Event of Default. Subject to Section 5.01, the Indenture Trustee shall promptly mail to each Noteholder Noteholder, at the expense of the trust, notice of the Event of Default after it is actually known to a Responsible Officer of the Indenture TrusteeTrustee obtains actual knowledge or written notice of such event, unless such Event of Default shall have been waived or cured. Except in the case of an Event of Default in payment of principal of or interest on any Note, the Indenture Trustee may withhold the notice if and so long as it a committee of its Responsible Officers in good faith determines that withholding the notice is in the interests of Noteholders.

Appears in 1 contract

Samples: Peoples Choice Home Loan Securities Trust Series 2005-4

Notice of Event of Default. Subject to Section 5.01, the Indenture Trustee shall promptly mail to each Noteholder notice of the Event of Default after it is actually known to a Responsible Officer of the Indenture Trustee, unless such Event of Default shall have been waived or cured. Except in the case of an Event of Default in payment of principal of or interest on any Note, the Indenture Trustee may withhold the notice if and so long as it a committee of its Responsible Officers in good faith determines that withholding the notice is in the interests of Noteholders.

Appears in 1 contract

Samples: Servicing Agreement (American Home Mort Securities Home Mortgage Invest Tr 2004-1)

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!