Common use of Notice to the Rating Agencies and the Certificate Insurer Clause in Contracts

Notice to the Rating Agencies and the Certificate Insurer. (a) Each of the Trustee and the Servicer shall be obligated to use its best reasonable efforts promptly to provide notice to each Rating Agency and the Certificate Insurer with respect to each of the following of which a Responsible Officer of the Trustee or Servicer, as the case may be, has actual knowledge: (i) any material change or amendment to this Agreement; (ii) the occurrence of any Servicer Event of Termination that has not been cured or waived; (iii) the resignation or termination of the Servicer or the Trustee; (iv) the final payment to Holders of any Class of the Certificates; (v) any change in the location of any Account; and (vi) if the Trustee is acting as successor Servicer pursuant to Section 7.02 hereof, any event that would result in the inability of the Trustee to make Advances. (b) In addition, the Trustee shall promptly make available to each Rating Agency and the Certificate Insurer copies of each Statement to Certificateholders described in Section 4.02 hereof and the Servicer shall promptly furnish to each Rating Agency and the Certificate Insurer copies of the following: (i) each annual statement as to compliance described in Section 3.20 hereof; (ii) each annual independent public accountants’ servicing report described in Section 3.21 hereof; and (iii) each notice delivered pursuant to Section 7.01(a) hereof which relates to the fact that the Servicer has not made an Advance. Any such notice pursuant to this Section 11.08 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 Mxxxx’x Investors Service, Inc., 90 Xxxxxx Xxxxxx, Xxx Xxxx, XX 00000, Attention: MBS Monitoring/IndyMac Residential Mortgage-Backed Trust Certificates, Series 2006-L3 and to Standard & Poor’s, a division of the MxXxxx-Xxxx Companies, Inc., 50 Xxxxx Xxxxxx, 00xx xxxxx, Xxx Xxxx, Xxx Xxxx 10041-0003, Attention: ABS Surveillance Group- New Assets, or such other addresses as the Rating Agencies may designate in writing to the parties hereto.

Notice to the Rating Agencies and the Certificate Insurer. (a) Each of the Trustee and the Servicer shall be obligated to use its best reasonable efforts promptly to provide notice to each Rating Agency and the Certificate Insurer with respect to each of the following of which a Responsible Officer of the Trustee or Servicer, as the case may be, has actual knowledge: (i) any material change or amendment to this Agreement; (ii) the occurrence of any Servicer Event of Termination that has not been cured or waived; (iii) the resignation or termination of the Servicer or the Trustee; (iv) the final payment to Holders of any Class of the Certificates; (v) any change in the location of any Account; and (vi) if the Trustee is acting as successor Servicer pursuant to Section 7.02 hereof, any event that would result in the inability of the Trustee to make Advances. (b) In addition, the Trustee shall promptly make available to each Rating Agency and the Certificate Insurer copies of each Statement to Certificateholders described in Section 4.02 hereof and the Servicer shall promptly furnish to each Rating Agency and the Certificate Insurer copies of the following: (i) each annual statement as to compliance described in Section 3.20 hereof; (ii) each annual independent public accountants’ servicing report described in Section 3.21 hereof; and (iii) each notice delivered pursuant to Section 7.01(a) hereof which relates to the fact that the Servicer has not made an Advance. Any such notice pursuant to this Section 11.08 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 Mxxxx’x Investors Service, Inc., 90 Xxxxxx Xxxxxx, Xxx Xxxx, XX 00000, Attention: MBS Monitoring/IndyMac Residential Mortgage-Backed Trust Certificates, Series 2006-L3 L2 and to Standard & Poor’s, a division of the MxXxxx-Xxxx Companies, Inc., 50 Xxxxx Xxxxxx, 00xx xxxxx, Xxx Xxxx, Xxx Xxxx 10041-0003, Attention: ABS Surveillance Group- New Assets, or such other addresses as the Rating Agencies may designate in writing to the parties hereto.

Notice to the Rating Agencies and the Certificate Insurer. (a) Each of the Trustee and the Servicer shall be obligated to use its best reasonable efforts promptly to provide notice to each Rating Agency and the Certificate Insurer with respect to each of the following of which a Responsible Officer of the Trustee or Servicer, as the case may be, has actual knowledge: (i) any material change or amendment to this Agreement; (ii) the occurrence of any Servicer Event of Termination that has not been cured or waived; (iii) the resignation or termination of the Servicer or the Trustee; (iv) the final payment to Holders of any Class of the Certificates; (v) any change in the location of any Account; and (vi) if the Trustee is acting as successor Servicer pursuant to Section 7.02 hereof, any event that would result in the inability of the Trustee to make Advances. (b) In addition, the Trustee shall promptly make available to each Rating Agency and the Certificate Insurer copies of each Statement to Certificateholders described in Section 4.02 hereof and the Servicer shall promptly furnish to each Rating Agency and the Certificate Insurer copies of the following: (i) each annual statement as to compliance described in Section 3.20 hereof; (ii) each annual independent public accountants’ ' servicing report described in Section 3.21 hereof; and (iii) each notice delivered pursuant to Section 7.01(a) hereof which relates to the fact that the Servicer has not made an Advance. Any such notice pursuant to this Section 11.08 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 Mxxxx’x Xxxxx'x Investors Service, Inc., 90 00 Xxxxxx Xxxxxx, Xxx Xxxx, XX 00000, Attention: MBS Monitoring/IndyMac Residential Mortgage-Backed Trust Certificates, Series 2006-L3 L1 and to Standard & Poor’s's, a division of the MxXxxxXxXxxx-Xxxx Companies, Inc., 50 00 Xxxxx Xxxxxx, 00xx xxxxx, Xxx Xxxx, Xxx Xxxx 10041-0003, Attention: ABS Surveillance Group- New Assets, or such other addresses as the Rating Agencies may designate in writing to the parties hereto.

Notice to the Rating Agencies and the Certificate Insurer. (a) Each of the Trustee and the Servicer shall be obligated to use its best reasonable efforts promptly to provide notice to each Rating Agency and the Certificate Insurer with respect to each of the following of which a Responsible Officer of the Trustee or Servicer, as the case may be, has actual knowledge: (i) any material change or amendment to this Agreement; (ii) the occurrence of any Servicer Event of Termination that has not been cured or waived; (iii) the resignation or termination of the Servicer or the Trustee; (iv) the final payment to Holders of any Class of the Certificates; (v) any change in the location of any Account; and (vi) if the Trustee is acting as successor Servicer pursuant to Section 7.02 hereof, any event that would result in the inability of the Trustee to make Advances. (b) In addition, the Trustee shall promptly make available to each Rating Agency and the Certificate Insurer copies of each Statement to Certificateholders described in Section 4.02 hereof and the Servicer shall promptly furnish to each Rating Agency and the Certificate Insurer copies of the following: (i) each annual statement as to compliance described in Section 3.20 hereof; (ii) each annual independent public accountants’ servicing report described in Section 3.21 hereof; and (iii) each notice delivered pursuant to Section 7.01(a) hereof which relates to the fact that the Servicer has not made an Advance. Any such notice pursuant to this Section 11.08 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 Mxxxx’x Investors Service, Inc., 90 Xxxxxx Xxxxxx, Xxx Xxxx, XX 00000, Attention: MBS Monitoring/IndyMac Residential Mortgage-Backed Trust Certificates, Series 2006-L3 L4 and to Standard & Poor’s, a division of the MxXxxx-Xxxx Companies, Inc., 50 Xxxxx Xxxxxx, 00xx xxxxx, Xxx Xxxx, Xxx Xxxx 10041-0003, Attention: ABS Surveillance Group- New Assets, or such other addresses as the Rating Agencies may designate in writing to the parties hereto.

Notice to the Rating Agencies and the Certificate Insurer. (a) Each of the Trustee and the Master Servicer shall be obligated to use its best reasonable efforts promptly to provide notice to each the Rating Agency Agencies and the Certificate Insurer with respect to each of the following of which a Responsible Officer of the Trustee or Servicer, as the case may be, has actual knowledge: (i) any material change or amendment to this Agreement; (ii) the occurrence of any Master Servicer Event of Termination that has not been cured or waived; (iii) the resignation or termination of the Master Servicer or the Trustee; (iv) the final payment to Holders of the Certificates of any Class of the CertificatesClass; (v) any change in the location of any Account; and (vi) if the Trustee is acting as successor Master Servicer pursuant to Section 7.02 hereof, any event that would result in the inability of the Trustee to make Advances. (b) In addition, the Trustee shall promptly make available furnish to each Rating Agency and the Certificate Insurer copies of each Statement to Certificateholders described in Section 4.02 hereof and 4.03 hereof; and (i) the Master Servicer shall promptly furnish to each Rating Agency and the Certificate Insurer copies of the following: (iA) each annual statement as to compliance described in Section 3.20 hereof; (iiB) each annual independent public accountants’ ' servicing report described in Section 3.21 hereof; and (iiiC) each notice delivered pursuant to Section 7.01(a) hereof which relates to the fact that the Master Servicer has not made an Advance. Any such notice pursuant to this Section 11.08 12.08 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 Mxxxx’x Xxxxx'x Investors Service, Inc., 90 00 Xxxxxx Xxxxxx, Xxx Xxxx, XX 00000, Attention: MBS Monitoring/IndyMac Residential MortgageUnited PanAm Mortgage Loan Trust 1999-Backed Trust Certificates, Series 2006-L3 1; and to Standard & Poor’s's, a division of the MxXxxxThe XxXxxx-Xxxx Companies, Inc., 50 Xxxxx Xxxxxx00 Xxxxxxxx, 00xx xxxxxXxxxx, Xxx Xxxx, Xxx Xxxx 10041-0003XX 00000, Attention: ABS Mortgage Surveillance Group- New Assets, or such other addresses as the Rating Agencies may designate in writing to the parties heretoGroup.

Notice to the Rating Agencies and the Certificate Insurer. (a) Each of the Trustee and the Master Servicer shall be obligated to use its best reasonable efforts promptly to provide notice to each Rating Agency and the Certificate Insurer with respect to each of the following of which a Responsible Officer of the Trustee or Master Servicer, as the case may be, has actual knowledge: (i) any material change or amendment to this Agreement; (ii) the occurrence of any Master Servicer Event of Termination that has not been cured or waived; (iii) the resignation or termination of the Master Servicer or the Trustee; (iv) the final payment to Holders of any Class of the Certificates; (v) any change in the location of any Account; and (vi) if the Trustee is acting as successor Master Servicer pursuant to Section 7.02 hereof, any event that would result in the inability of the Trustee to make Advances. (b) In addition, the Trustee shall promptly make available to each Rating Agency and the Certificate Insurer copies of each Statement to Certificateholders described in Section 4.02 hereof and the Master Servicer shall promptly furnish to each Rating Agency and the Certificate Insurer copies of the following: (i) each annual statement as to compliance described in Section 3.20 hereof; (ii) each annual independent public accountants’ servicing report described in Section 3.21 hereof; and (iii) each notice delivered pursuant to Section 7.01(a) hereof which relates to the fact that the Master Servicer has not made an Advance. Any such notice pursuant to this Section 11.08 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 Mxxxx’x Investors Service, Inc., 90 Xxxxxx Xxxxxx, Xxx Xxxx, XX 00000, Attention: MBS Monitoring/IndyMac Residential Mortgage-Backed Trust Certificates, Series 20062005-L3 L2 and to Standard & Poor’s, a division of the MxXxxx-Xxxx Companies, Inc., 50 Xxxxx Xxxxxx, 00xx xxxxx, Xxx Xxxx, Xxx Xxxx 10041-0003, Attention: ABS Surveillance Group- New Assets, or such other addresses as the Rating Agencies may designate in writing to the parties hereto.

Notice to the Rating Agencies and the Certificate Insurer. (a) Each of the Trustee and the Master Servicer shall be obligated to use its best reasonable efforts promptly to provide notice to each Rating Agency and the Certificate Insurer with respect to each of the following of which a Responsible Officer of the Trustee or Master Servicer, as the case may be, has actual knowledge: (i) any material change or amendment to this Agreement; (ii) the occurrence of any Master Servicer Event of Termination that has not been cured or waived; (iii) the resignation or termination of the Master Servicer or the Trustee; (iv) the final payment to Holders of any Class of the Certificates; (v) any change in the location of any Account; and (vi) if the Trustee is acting as successor Master Servicer pursuant to Section 7.02 hereof, any event that would result in the inability of the Trustee to make Advances. (b) In addition, the Trustee shall promptly make available to each Rating Agency and the Certificate Insurer copies of each Statement to Certificateholders described in Section 4.02 hereof and the Master Servicer shall promptly furnish to each Rating Agency and the Certificate Insurer copies of the following: (i) each annual statement as to compliance described in Section 3.20 hereof; (ii) each annual independent public accountants’ servicing report described in Section 3.21 hereof; and (iii) each notice delivered pursuant to Section 7.01(a) hereof which relates to the fact that the Master Servicer has not made an Advance. Any such notice pursuant to this Section 11.08 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 Mxxxx’x Moody’s Investors Service, Inc., 90 Xxxxxx Xxxxxx99 Church Street, Xxx XxxxNew York, XX 00000NY 10048, Attention: MBS Monitoring/IndyMac Residential Mortgage-Backed Trust Certificates, Series 20062005-L3 and to Standard & Poor’s, a division of the MxXxxxxxx XxGraw-Xxxx Hill Companies, Inc., 50 00 Xxxxx Xxxxxx, 00xx xxxxx, Xxx XxxxXxrk, Xxx Xxxx New York 10041-0003, Attention: ABS Surveillance Group- New Assets, or such other addresses as the Rating Agencies may designate in writing to the parties xx xxx xxxties hereto.

Notice to the Rating Agencies and the Certificate Insurer. (a) Each of the Trustee Trustee, the Trust Administrator, the Master Servicer and the Servicer shall be obligated to use its best reasonable efforts promptly to provide notice to each the Rating Agency Agencies and the Certificate Insurer with respect to each of the following of which a Responsible Officer of the Trustee Trust Administrator, the Master Servicer, the Swap Provider or the Servicer, as the case may be, has actual knowledge: (i) any material change or amendment to this Agreement; (ii) the occurrence of any Servicer Event of Termination or Master Servicer Event of Termination that has not been cured or waived; (iii) the resignation or termination of the Servicer Servicer, the Master Servicer, the Trust Administrator or the Trustee; (iv) the final payment to Holders of the Certificates of any Class of the CertificatesClass; (v) any change in the location of any Account; and (vi) if the Trustee Master Servicer is acting as successor Servicer servicer pursuant to Section 7.02 hereof, any event that would result in the inability of the Trustee Master Servicer to make Advances. (b) In addition, the Trustee Trust Administrator shall promptly make available to each Rating Agency and the Certificate Insurer copies of each Statement to Certificateholders described in Section 4.02 4.03 hereof and the Servicer shall promptly furnish to each Rating Agency and the Certificate Insurer copies of the following: (i) each annual statement as to compliance described in Section 3.20 hereof; (ii) each annual independent public accountants’ servicing report described in Section 3.21 hereof; and (iii) each notice delivered pursuant to Section 7.01(a) hereof which relates to the fact that the Servicer has not made an Advance. Any such notice pursuant to this Section 11.08 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 Mxxxx’x Investors Service, Inc., 90 Xxxxxx Xxxxxx, Xxx Xxxx, XX 00000, Attention: MBS Monitoring/IndyMac Residential MortgageOption One Mortgage Loan Trust 2007-Backed Trust Certificates, Series 2006-L3 HL1 and to Standard & Poor’s, a division of the MxXxxx-Xxxx Companies’s Ratings Services, Inc., 50 Xxxxx Xxxxxx, 00xx xxxxx, Xxx Xxxx, Xxx Xxxx 10041-0003, Attention: ABS Surveillance Group- New Assets, or such other addresses as the Rating Agencies may designate in writing to the parties hereto00000.

Notice to the Rating Agencies and the Certificate Insurer. (a) Each of the Trustee and the Master Servicer shall be obligated to use its best reasonable efforts promptly to provide notice to each the Rating Agency Agencies and the Certificate Insurer insurer with respect to each of the following of which a Responsible Officer of the Trustee or Master Servicer, as the case may be, has actual knowledge: (i) any material change or amendment to this Agreement; (ii) the occurrence of any Master Servicer Event of Termination that has not been cured or waived; (iii) the resignation or termination of the Master Servicer or the Trustee; (iv) the final payment to Holders of the Certificates of any Class of the CertificatesClass; (v) any change in the location of any Account; and (vi) if the Trustee is acting as successor Master Servicer pursuant to Section 7.02 hereof, any event that would result in the inability of the Trustee to make Advances.. 139 (b) In addition, the Trustee shall promptly make available to each Rating Agency and ato the Certificate Insurer copies of each Statement to Certificateholders described in Section 4.02 4.03 hereof and the Master Servicer shall promptly furnish to each Rating Agency and to the Certificate Insurer copies of the following: (i) each annual statement as to compliance described in Section 3.20 hereof; (ii) each annual independent public accountants’ ' servicing report described in Section 3.21 hereof; and (iii) each notice delivered pursuant to Section 7.01(a) hereof which relates to the fact that the Master Servicer has not made an Advance. Any such notice pursuant to this Section 11.08 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 Mxxxx’x Mxxxx'x Investors Service, Inc., 90 Xxxxxx Xxxxxx, Xxx Xxxx, XX 00000, Attention: MBS Monitoring/IndyMac Residential MortgageNew South Home Equity Trust 2001-Backed Trust Certificates, Series 2006-L3 1 and to Standard & Poor’s's Ratings Services, a division of the The MxXxxx-Xxxx Companies, Inc., 50 Xxxxx Xxxxxx, 00xx xxxxxXxxxx, Xxx Xxxx, Xxx Xxxx 10041-0003XX 00000, Attention: ABS Residential Mortgage Surveillance Group- New Assets, or such other addresses as the Rating Agencies may designate in writing to the parties heretoGroup.

Notice to the Rating Agencies and the Certificate Insurer. (a) Each of the Trustee and the Master Servicer shall be obligated to use its best reasonable efforts promptly to provide notice to each the Rating Agency Agencies and the Certificate Insurer with respect to each of the following of which a Responsible Officer of the Trustee or Servicer, as the case may be, has actual knowledge: (i) any material change or amendment to this Agreement; (ii) the occurrence of any Master Servicer Event of Termination that has not been cured or waived; (iii) the resignation or termination of the Master Servicer or the Trustee; (iv) the final payment to Holders of the Certificates of any Class of the CertificatesClass; (v) any change in the location of any Account; and (vi) if the Trustee is acting as successor Master Servicer pursuant to Section 7.02 hereof, any event that would result in the inability of the Trustee to make Advances. (b) In addition, the Trustee shall promptly make available furnish to each Rating Agency and the Certificate Insurer copies of each Statement to Certificateholders described in Section 4.02 hereof 4.03 hereof; and the Master Servicer shall promptly furnish to each Rating Agency and the Certificate Insurer copies of the following: (i) each annual statement as to compliance described in Section 3.20 hereof; (ii) each annual independent public accountants’ ' servicing report described in Section 3.21 hereof; and (iii) each notice delivered pursuant to Section 7.01(a) hereof which relates to the fact that the Master Servicer has not made an Advance. Any such notice pursuant to this Section 11.08 12.08 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 Mxxxx’x Xxxxx'x Investors Service, Inc., 90 00 Xxxxxx Xxxxxx, Xxx Xxxx, XX 00000, Attention: MBS Monitoring/IndyMac Residential MortgageUnited PanAm Mortgage Loan Trust 1999-Backed Trust Certificates, Series 2006-L3 2; and to Standard & Poor’s's, a division of the MxXxxxThe XxXxxx-Xxxx Companies, Inc., 50 00 Xxxxx Xxxxxx, 00xx xxxxx, Xxx Xxxx, Xxx Xxxx 10041-0003XX 00000, Attention: ABS Mortgage Surveillance Group- New Assets, or such other addresses as the Rating Agencies may designate in writing to the parties heretoGroup.