Common use of Notice to the Rating Agencies Clause in Contracts

Notice to the Rating Agencies. (a) Each of the Trust Administrator and the Master Servicer shall be obligated to use its best reasonable efforts promptly to provide notice to the Rating Agencies with respect to each of the following of which a Responsible Officer of the Trust Administrator 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 Default that has not been cured or waived; (iii) the resignation or termination of the Master Servicer or the Trust Administrator; (iv) the final payment to Holders of the Certificates of any Class; (v) any change in the location of any Account; and (vi) if the Trust Administrator or the Trustee is acting as successor Master Servicer pursuant to Section 7.02 hereof, any event that would result in the inability of the Trust Administrator or the Trustee to make Delinquency Advances. (b) In addition, (i) the Trust Administrator shall promptly furnish to each Rating Agency copies of the following: (A) each annual report to Certificateholders described in Section 4.05 hereof; and (B) each Statement to Certificateholders described in Section 4.05 hereof; and

Appears in 2 contracts

Samples: Pooling and Servicing Agreement (New Century Home Equity Loan Trust Series 1999-NCB), Pooling and Servicing Agreement (New Century Mort Sec Inc Home Equity Loan Trust Ser 1999 NCD)

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Notice to the Rating Agencies. (a) Each of the Trust Administrator and the Master Servicer The Trustee shall be obligated to use its best reasonable efforts promptly to provide notice to the Rating Agencies and any NIMS Insurer with respect to each of the following of which a Responsible Officer of the Trust Administrator or Master Servicer, as the case may be, Trustee has actual knowledge: (i) any material change or amendment to this Agreement; (ii) the occurrence of any Master Servicer Event of Default that has not been cured or waived; (iii) the resignation or termination of the Master Servicer Servicer, the Securities Administrator or the Trust AdministratorTrustee; (iv) the final payment to Holders of the Certificates of any Class;; and (v) any change in the location of any Account; and. (vib) if the Trust Administrator or If the Trustee is acting as a successor Master Servicer pursuant to Section 7.02 hereof, the Trustee shall notify the Rating Agencies of any event that would result in the inability of the Trust Administrator or the Trustee to make Delinquency Advances.Advances as successor Master Servicer: (bc) In addition, (i) the Trust Administrator The Master Servicer shall promptly furnish to each Rating Agency copies of the following, unless such documents were made available on the Securities Administrator’s website: (Ai) each Distribution Date Statement described in Section 5.04 hereof; (ii) each annual report statement as to Certificateholders compliance described in Section 4.05 3.17 hereof; (iii) each annual assessment of compliance and attestation report described in Section 3.16 hereof; and (Biv) each Statement notice delivered pursuant to Certificateholders described in Section 4.05 hereof; and5.05(b) hereof which relates to the fact that the Master Servicer has not made an Advance.

Appears in 2 contracts

Samples: Pooling and Servicing Agreement (HarborView 2007-6), Pooling and Servicing Agreement (HarborView 2007-6)

Notice to the Rating Agencies. (a) Each of the Trust Administrator and the Master Servicer The Trustee shall be obligated to use its best reasonable efforts promptly to provide notice to the Rating Agencies with respect to each of the following of which a Responsible Officer of the Trust Administrator or Master Servicer, as the case may be, Trustee has actual knowledge: (i) any material change or amendment to this Agreement; (ii) the occurrence of any Master Servicer Default Event of Termination that has not been cured or waived; (iii) the resignation or termination of the Master a Servicer or the Trust AdministratorTrustee; (iv) the final payment to Holders of the Certificates of any Class; (v) any change in the location of any the Collection Account or Distribution Account; and (vi) if the Trust Administrator or the Trustee is acting as successor Master Servicer servicer pursuant to Section 7.02 hereof, any event that would result in the inability of the Trust Administrator or the Trustee to make Delinquency Advances. (bvii) In addition, (i) the Trust Administrator Trustee shall promptly furnish to each Rating Agency copies of the following: (A) each annual report statement as to Certificateholders compliance described in Section 4.05 3.19 hereof; and (B) each Statement to Certificateholders annual independent public accountants' servicing report described in Section 4.05 3.20 hereof; andand 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: [___________] and [__________].

Appears in 1 contract

Samples: Pooling and Servicing Agreement (Mid State Capital Corp)

Notice to the Rating Agencies. 137 (a) Each of the Trust Administrator and the Master Servicer shall be obligated to use its best reasonable efforts promptly to provide notice to the Rating Agencies with respect to each of the following of which a Responsible Officer of the Trust Administrator 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 Default that has not been cured or waived; (iii) the resignation or termination of the Master Servicer or the Trust Administrator; (iv) the final payment to Holders of the Certificates of any Class; (v) any change in the location of any Account; and (vi) if the Trust Administrator or the Trustee is acting as successor Master Servicer pursuant to Section 7.02 hereof, any event that would result in the inability of the Trust Administrator or the Trustee to make Delinquency Advances. (b) In addition, (i) the Trust Administrator shall promptly furnish to each Rating Agency copies of the following: (A) each annual report to Certificateholders described in Section 4.05 4.06 hereof; and (B) each Statement to Certificateholders described in Section 4.05 4.06 hereof; and

Appears in 1 contract

Samples: Pooling and Servicing Agreement (New Century Home Eq Ln Tr Ser 2000 NCB Asset Back Ps THR Cer)

Notice to the Rating Agencies. (a) Each of the Trust Administrator Trustee and the Master Servicer shall be obligated to use its best reasonable efforts promptly to provide notice to the Rating Agencies with respect to each of the following of which a Responsible Officer of the Trust Administrator 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 Default that has not been cured or waived; (iii) the resignation or termination of the Master Servicer or the Trust AdministratorTrustee; (iv) the final payment to Holders of the Certificates of any Class; (v) any change in the location of any Account; and (vi) if the Trust Administrator or the Trustee is acting as successor Master Servicer pursuant to Section 7.02 hereof, any event that would result in the inability of the Trust Administrator or the Trustee to make Delinquency Advances. (b) In addition, (i) the Trust Administrator Trustee shall promptly furnish make available to each Rating Agency copies of the following: (A) each annual report to Certificateholders described in Section 4.05 hereof; and (B) each Statement to Certificateholders described in Section 4.05 hereof; and

Appears in 1 contract

Samples: Pooling and Servicing Agreement (Prudential Securities Secured Financing Corp)

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Notice to the Rating Agencies. (a) Each of the Trust Administrator and the Master Servicer shall be obligated to use its best reasonable efforts promptly to provide notice to the Rating Agencies with respect to each of the following of which a Responsible Officer of the Trust Administrator 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 Default that has not been cured or waived; (iii) the resignation or termination of the Master Servicer or the Trust Administrator; (iv) the final payment to Holders of the Certificates of any Class; (v) any change in the location of any Account; and (vi) if the Trust Administrator or the Trustee is acting as successor Master Servicer pursuant to Section 7.02 hereof, any event that would result in the inability of the Trust Administrator or the Trustee to make Delinquency Advances. (b) In addition, (i) the Trust Administrator shall promptly furnish to each Rating Agency copies of the following: (A) each annual report to Certificateholders described in Section 4.05 4.06 hereof; and (B) each Statement to Certificateholders described in Section 4.05 4.06 hereof; and

Appears in 1 contract

Samples: Pooling and Servicing Agreement (New Century Mort Sec Inc New Cent Hm Eq Ln Tr Ser 2000-Nca)

Notice to the Rating Agencies. (a) Each of the Trust Administrator and the Master Servicer shall be obligated to use its best reasonable efforts promptly to provide notice to the Rating Agencies with respect to each of the following of which a Responsible Officer of the Trust Administrator 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 Default that has not been cured or waived; (iii) the resignation or termination of the Master Servicer or the Trust Administrator; (iv) the final payment to Holders of the Certificates of any Class; (v) any change in the location of any Account; and (vi) if the Trust Administrator or the Trustee is acting as successor Master Servicer pursuant to Section 7.02 hereof, any event that would result in the inability of the Trust Administrator or the Trustee to make Delinquency Advances. (b) In addition, (i) the Trust Administrator shall promptly furnish to each Rating Agency copies of the following: (A) each annual report to Certificateholders described in Section 4.05 hereof; and (B) each Statement to Certificateholders described in Section 4.05 hereof; and

Appears in 1 contract

Samples: Pooling and Servicing Agreement (Financial Asset Securities Corp)

Notice to the Rating Agencies. (a) Each of the Trust The Securities Administrator and the Master Servicer shall be obligated to use its best reasonable efforts promptly to provide notice to the Rating Agencies with respect to each of the following of which a Responsible Officer of the Trust Securities Administrator 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 Default that has not been cured or waived; (iii) the resignation or termination of the Master Servicer Servicer, the Securities Administrator or the Trust AdministratorTrustee; (iv) the final payment to Holders of the Certificates of any Class;; and (v) any change in the location of any Account; and. (vib) In addition, the Securities Administrator shall promptly furnish to the Rating Agencies copies of each Statement to Certificateholders described in Section 5.04 hereof; if the Trust Administrator or the Trustee is acting as a successor Master Servicer pursuant to Section 7.02 hereof, the Trustee shall notify the Rating Agencies of any event that would result in the inability of the Trust Administrator or the Trustee to make Delinquency Advances. (b) In addition, (i) Advances and the Trust Administrator Master Servicer shall promptly furnish to each Rating Agency copies of the following: (Ai) each annual report statement as to Certificateholders compliance described in Section 4.05 3.17 hereof; (ii) each annual assessment of compliance and attestation report described in Section 3.16 hereof; and (Biii) each Statement notice delivered pursuant to Certificateholders described Section 5.05(b) hereof which relates to the fact that the Master Servicer has not made an Advance. (c) All notices to the Rating Agencies provided for in Section 4.05 hereof; andthis Agreement shall be in writing and sent by first class mail, telecopy or overnight courier, as follows: If to [ ], to: [ ]

Appears in 1 contract

Samples: Pooling and Servicing Agreement (Thornburg Mortgage Securities Corp)

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