Common use of NOTICE TO OFFERED NOTEHOLDERS Clause in Contracts

NOTICE TO OFFERED NOTEHOLDERS. The Manager on behalf of the Issuer will, within 5 days of: (a) (TERMINATION): the termination of the appointment of any Agent; (b) (RESIGNATION): the resignation of any Agent; or (c) (APPOINTMENT): the appointment of a new Agent, give to the Offered Noteholders notice of the termination, appointment or resignation in accordance with Condition 11.1 of the Offered Note Conditions (in the case of a termination under clause 10.1(b)(i) or 10.2 at the cost of the outgoing Agent). Notwithstanding clauses 10.1 and 10.2, neither the termination of the appointment of an Agent, nor the resignation of an Agent, will take effect until notice thereof is given to the Offered Noteholders in accordance with this clause 10.7.