Notice of ICI Event of Default, Servicer Default or Amortization Event and/or Waivers Sample Clauses

Notice of ICI Event of Default, Servicer Default or Amortization Event and/or Waivers. If the ICI Indenture Trustee shall have actual knowledge of a Servicer Default, an ICF Event of Default, a Lessor Event of Default, an ICI Event of Default or an Amortization Event, the incipient occurrence of any such event with respect to any Series and/or any waiver thereof, the ICI Indenture Trustee shall give prompt written notice thereof to the Rating Agencies, if any, the Administrative Agent, the Series Enhancer for such Series, each other Enhancer, the ICI Control Party of such Series, and the ICI Noteholders of such Series. For all purposes of this Indenture, in the absence of actual knowledge by a Corporate Trust Officer of the ICI Indenture Trustee, the ICI Indenture Trustee shall not be deemed to have actual knowledge of any default or event and/or waiver thereof unless notified in writing thereof by ICI, ICF, a Lessor, the Administrative Agent, the Series Enhancer for such Series, the ICI Control Party of such Series, the Servicer, any Enhancer, any ICI Noteholder, any holder of Lessor Notes or any ICF Noteholder and such notice references the applicable Series of ICI Notes generally, ICI, this Indenture, the applicable Supplement, the ICF Indenture and/or the related Lessor Indenture (to the extent applicable) the applicable default or event and/or waiver thereof.
Sample 1
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Related to Notice of ICI Event of Default, Servicer Default or Amortization Event and/or Waivers

  • Servicer Event of Default Any one of the conditions or circumstances enumerated in Section 4.07 with respect to the Servicer.

  • Default or Event of Default Seller shall, as soon as possible but in no event later than two (2) Business Days after obtaining actual knowledge of such event, notify Purchaser of the occurrence of any Default or Event of Default.

  • Notice of Events of Default or Unmatured Events of Default A statement of a Financial Officer of the Servicer setting forth details of any Event of Default or Unmatured Event of Default that has occurred and is continuing and the action which the Servicer proposes to take with respect thereto.

  • Additional Event of Default The following will constitute an additional Event of Default with respect to Party B: "NOTE ACCELERATION NOTICE. A Note Acceleration Notice is served on Party B in relation to the Relevant Notes."

  • Actions following an Event of Default On, or at any time after, the occurrence of an Event of Default:

  • Action Upon Certain Failures of the Master Servicer and Upon Event of Default In the event that a Responsible Officer of the Trustee shall have actual knowledge of any action or inaction of the Master Servicer that would become an Event of Default upon the Master Servicer’s failure to remedy the same after notice, the Trustee shall give prompt written notice thereof to the Master Servicer.

  • Repayment on Event of Default When there is an Event of Default, Borrower will, if Bank demands (or, upon the occurrence of an Event of Default under Section 8.5, immediately without notice or demand from Bank) repay all of the Advances. The demand may, at Bank’s option, include the Advance for each Financed Receivable then outstanding and all accrued Finance Charges, the Early Termination Fee, Collateral Handling Fee, attorneys’ and professional fees, court costs and expenses, and any other Obligations.

  • Notice of Default or Event of Default promptly, and in any event within five days after a Responsible Officer becoming aware of the existence of any Default or Event of Default or that any Person has given any notice or taken any action with respect to a claimed default hereunder or that any Person has given any notice or taken any action with respect to a claimed default of the type referred to in Section 11(f), a written notice specifying the nature and period of existence thereof and what action the Company is taking or proposes to take with respect thereto;

  • Servicer Events of Default (a) The following events shall each constitute a "Servicer Event of Default" hereunder:

  • No Default or Event of Default No Default or Event of Default shall have occurred and be continuing on such date or after giving effect to the Extension of Credit to be made on such date unless such Default or Event of Default shall have been waived in accordance with this Agreement.

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