Common use of Notice of the election Clause in Contracts

Notice of the election. to redeem the Notes shall be furnished to the Indenture Trustee and each Noteholder not later than 30 days prior to the Distribution Date selected for such redemption, whereupon all such Notes shall be due and payable on such Distribution Date upon the furnishing of a notice pursuant to Section 11.2 to each Holder of such Notes and the Note Issuer.

Notice of the election. to redeem the Notes shall be furnished to the Indenture Trustee and each Noteholder not later than 30 thirty (30) days prior to the Distribution Payment Date selected for such redemption, whereupon all such Notes shall be due and payable on such Distribution Payment Date upon the furnishing of a notice pursuant to Section 11.2 10.02 to each Holder of such Notes [and the Note IssuerInsurer].

Notice of the election. to redeem the Notes shall be furnished to the Indenture Trustee and each Noteholder not later than 30 thirty (30) days prior to the Distribution Payment Date selected for such redemption, whereupon all such Notes shall be due and payable on such Distribution Payment Date upon the furnishing of a notice pursuant to Section 11.2 10.02 to each Holder of such Notes and the Note Insurer. Any expenses associated with the compliance of the provisions hereof in connection with a redemption of the Notes shall be paid by the Servicer or the Note Insurer or the Issuer, depending upon which party is electing to redeem the Notes.

Notice of the election. to redeem the Notes shall be furnished to the Indenture Trustee and each Noteholder not later than 30 thirty (30) days prior to the Distribution Payment Date selected for such redemption, whereupon all such Notes shall be due and payable on such Distribution Payment Date upon the furnishing of a notice pursuant to Section 11.2 10.02 to each Holder of such Notes and the Note IssuerInsurer.