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 not later than thirty (30) days prior to the Payment Date selected for such redemption, whereupon all such Notes shall be due and payable on such Payment Date upon the furnishing of a notice pursuant to Section 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 thirty (30) days prior to the Payment Date selected for such redemption, whereupon all such Notes shall be due and payable on such Payment Date upon the furnishing of a notice pursuant to Section 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 thirty (30) 30 days prior to the Payment Distribution Date selected for such redemption, whereupon all such Notes shall be due and payable on such Payment Distribution Date upon the furnishing of a notice pursuant to Section 10.02 11.2 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 thirty (30) days prior to the Payment Date selected for such redemption, whereupon all such Notes shall be due and payable on such Payment Date upon the furnishing of a notice pursuant to Section 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].