Common use of Notice to Rating Agencies and Certificateholder Clause in Contracts

Notice to Rating Agencies and Certificateholder. The Trustee shall use its best efforts to promptly provide notice to each Rating Agency referred to below with respect to each of the following of which it has actual knowledge: 1. Any material change or amendment to this Agreement; 2. The occurrence of any Event of Default that has not been cured; 3. The resignation or termination of the Master Servicer or the Trustee; 4. The repurchase of Mortgage Loans pursuant to Section 2.03; 5. The final payment to Certificateholders; and 6. Any change in the location of the Custodial Account, the Excess Proceeds Account or the Certificate Account. In addition, the Trustee shall promptly furnish to each Rating Agency copies of the following: 1. Each report to Certificateholders described in Section 4.02; and 2. Each annual independent public accountants' servicing report described in Section 3.20. Any such notice pursuant to this Section 11.09 shall be in writing and shall be deemed to have been duly given if personally delivered or mailed by first class mail, postage prepaid, or by express delivery service to (i) in the case of Xxxxx'x Investors Service, Inc., 00 Xxxxxx Xxxxxx, Xxx Xxxx, Xxx Xxxx 00000, Attention: Residential Pass-Through Monitoring and (ii) in the case of Duff & Xxxxxx Credit Rating Co., 00 X. Xxxxxx Street, 35th Floor, Chicago, Illinois 60603, Attention: MBS Monitoring, or, in each case, such other address as such Rating Agency may designate in writing to the parties thereto.

Appears in 1 contract

Samples: Pooling and Servicing Agreement (DLJ Mortgage Acceptance Corp Mort Pass THR Cert Ser 1995 Q8)

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Notice to Rating Agencies and Certificateholder. The Trustee shall use its best efforts to promptly provide notice to each Rating Agency referred to below with respect to each of the following of which it has actual knowledge: 1. Any material change or amendment to this Agreement; 2. The occurrence of any Event of Default that has not been cured; 3. The resignation or termination of the Master Servicer or the Trustee; 4. The repurchase of Mortgage Loans pursuant to Section 2.03; 5. The final payment to Certificateholders; and 6. Any change in the location of the Custodial Account, the Excess Proceeds Account or the Certificate Account. In addition, the Trustee shall promptly furnish to each Rating Agency copies of the following: 1. Each report to Certificateholders described in Section 4.02; and 2. Each annual independent public accountants' servicing report described in Section 3.20. Any such notice pursuant to this Section 11.09 shall be in writing and shall be deemed to have been duly given if personally delivered or mailed by first class mail, postage prepaid, or by express delivery service to (i) in the case of Xxxxx'x Mxxxx'x Investors Service, Inc., 00 90 Xxxxxx Xxxxxx, Xxx Xxxx, Xxx Xxxx 00000, Attention: Residential Pass-Through Monitoring and (ii) in the case of Duff & Xxxxxx Pxxxxx Credit Rating Co., 00 X. 50 Xxxx Xxxxxx StreetXxxxxx, 35th Floor00xx Xxxxx, ChicagoXxxxxxx, Illinois 60603Xxxxxxxx 00000, Attention: MBS Monitoring, or, in each case, such other address as such Rating Agency may designate in writing to the parties thereto.

Appears in 1 contract

Samples: Pooling and Servicing Agreement (DLJ Mortgage Acceptance Corp Mort Pass THR Cert Ser 1996-Q4)

Notice to Rating Agencies and Certificateholder. The Trustee shall use its best efforts to promptly provide notice to each Rating Agency referred to below with respect to each of the following of which it has actual knowledge: 1. Any material change or amendment to this Agreement; 2. The occurrence of any Event of Default that has not been cured; 3. The resignation or termination of the Master Servicer or the Trustee; 4. The repurchase of Mortgage Loans pursuant to Section 2.03; 5. The final payment to Certificateholders; and 6. Any change in the location of the Custodial Account, the Excess Proceeds Account or the Certificate Account. In addition, the Trustee shall promptly furnish to each Rating Agency copies of the following: 1. Each report to Certificateholders described in Section 4.02; and 2. Each annual independent public accountants' servicing report described in Section 3.20. Any such notice pursuant to this Section 11.09 shall be in writing and shall be deemed to have been duly given if personally delivered or mailed by first class mail, postage prepaid, or by express delivery service to (i) in the case of Xxxxx'x Investors ServiceStandard & Poor's, Inc., 00 Xxxxxx Xxxxxx25 Bxxxxxxx, Xxx Xxxx, Xxx Xxxx 00000, AttentionXxtention: Residential Pass-Through Monitoring Surveillance Department, and (ii) in the case of Duff & DCR, 55 E. Xxxxxx Credit Rating Co.Xxxxxx, 00 X. Xxxxxx Street, 35th 38th Floor, ChicagoChicxxx, Illinois 60603Xxxxxxxx 00000, AttentionXxtention: MBS Monitoring, or, in each case, such other address as such Rating Agency may designate in writing to the parties thereto.

Appears in 1 contract

Samples: Pooling and Servicing Agreement (CMC Securities Corp Iv)

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Notice to Rating Agencies and Certificateholder. The Trustee shall use its best efforts to promptly provide notice to each Rating Agency referred to below with respect to each of the following of which it has actual knowledge: 1. Any material change or amendment to this Agreement; 2. The occurrence of any Event of Default that has not been cured; 3. The resignation or termination of the Master Servicer or the Trustee; 4. The repurchase of Mortgage Loans pursuant to Section 2.03; 5. The final payment to Certificateholders; and 6. Any change in the location of the Custodial Account, the Excess Proceeds Account or the Certificate Account. In addition, the Trustee shall promptly furnish to each Rating Agency copies of the following: 1. Each report to Certificateholders described in Section 4.02; and 2. Each annual independent public accountants' servicing report described in Section 3.20. Any such notice pursuant to this Section 11.09 shall be in writing and shall be deemed to have been duly given if personally delivered or mailed by first class mail, postage prepaid, or by express delivery service to (i) in the case of Xxxxx'x Investors Service, Inc., 00 Xxxxxx Xxxxxx, Xxx Xxxx, Xxx Xxxx 00000, Attention: Residential Pass-Through Monitoring and (ii) in the case of Duff & Xxxxxx Credit Rating Co., 00 X. Xxxx Xxxxxx StreetXxxxxx, 35th Floor00xx Xxxxx, ChicagoXxxxxxx, Illinois 60603Xxxxxxxx 00000, Attention: MBS Monitoring, Monitoring or, in each case, such other address as such Rating Agency may designate in writing to the parties thereto.

Appears in 1 contract

Samples: Pooling and Servicing Agreement (DLJ Mortgage Acceptance Corp Mort Pass THR Cert Ser 1995 Q6)

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