Common use of NOTICES AND COPIES TO RATING AGENCY Clause in Contracts

NOTICES AND COPIES TO RATING AGENCY. (a) The Trustee shall notify the Rating Agency (with a copy to the Certificate Insurer) of the occurrence of any of the following events, in the manner provided in Section 10.06: (i) the occurrence of an Event of Default pursuant to Section 7.01, subject to the provisions of Section 8.01(d); (ii) the appointment of a successor Master Servicer pursuant to Section 7.02; (b) The Master Servicer shall notify the Rating Agency (with a copy to the Certificate Insurer) of the occurrence of any of the following events, in the manner provided in Section 10.06: (i) any amendment of this Agreement pursuant to Section 10.01; (ii) the appointment of a successor Trustee pursuant to Section 8.08; (iii) the filing of any claim under or the cancellation or modification of any fidelity bond and errors and omissions coverage pursuant to Section 3.01 and Section 3.06 with respect to the Master Servicer or any Servicer; (iv) any change in the location of the Certificate Account, any Custodial Account for P&I or any Custodial Account for Reserves; (v) the repurchase of any Mortgage Loan pursuant to a Purchase Obligation or the repurchase of the outstanding Mortgage Loans pursuant to Section 9.01; (vi) the occurrence of the final Distribution Date or the termination of the trust pursuant to Section 9.01(a)(ii); (vii) the failure of the Master Servicer to make a Monthly P&I Advance following a determination on the Determination Date that the Master Servicer would make such advance pursuant to Section 4.03; and (viii) the failure of the Master Servicer to make a determination on the Determination Date regarding whether it would make a Monthly P&I Advance when a shortfall exists between (x) payments scheduled to be received in respect of the Mortgage Loans and (y) the amounts actually deposited in the Certificate Account on account of such payments, pursuant to Section 4.03. (c) The Master Servicer shall provide copies of the statements pursuant to Section 4.02, Section 3.13 or Section 3.15 or any other statements to the Rating Agency (with a copy to the Certificate Insurer) in such time and manner that such statements or determinations are required to be provided to Certificateholders. With respect to the reports described in the second paragraph of Section 4.02, the Master Servicer shall provide such reports to the Rating Agency in respect of each Distribution Date, without regard to whether any Certificateholder or the Trustee (with a copy to the Certificate Insurer) has requested such report for such Distribution Date.

NOTICES AND COPIES TO RATING AGENCY. (a) The Certificate Trustee shall notify the Rating Agency (with a copy to the Certificate Insurer) of the occurrence of any of the following events, in the manner provided in Section 10.06: (i) the occurrence of an Event of Default pursuant to Section 7.01, subject to the provisions of Section 8.01(d); (ii) the appointment of a successor Master Servicer pursuant to Section 7.02; (b) The Master Servicer Bond Administrator shall notify the Rating Agency (with a copy to the Certificate Insurer) of the occurrence of any of the following events, in the manner provided in Section 10.06: (i) any amendment of this Agreement pursuant to Section 10.01; (ii) the appointment of a successor Certificate Trustee pursuant to Section 8.08; (iii) to the extent known by the Bond Administrator, the filing of any claim under or the cancellation or modification of any fidelity bond and errors and omissions coverage pursuant to Section 3.01 and Section 3.06 with respect to the a Master Servicer or any Servicer; (iv) to the extent known by the Bond Administrator, any change in the location of the Certificate Account, any Custodial Account for P&I or any Custodial Account for Reserves; (v) to the extent known by the Bond Administrator, the repurchase of any Mortgage Loan pursuant to a Purchase Obligation or the repurchase of the outstanding Mortgage Loans pursuant to Section 9.01; (vi) the occurrence of the final Distribution Date or the termination of the trust pursuant to Section 9.01(a)(ii); (vii) to the extent known by the Bond Administrator, the failure of the a Master Servicer to make a Monthly P&I Advance following a determination on the Determination Date that the such Master Servicer would make such advance pursuant to Section 4.03; and (viii) to the extent known by the Bond Administrator, the failure of the a Master Servicer to make a determination on the Determination Date regarding whether it would make a Monthly P&I Advance when a shortfall exists between (x) payments scheduled to be received in respect of the Mortgage Loans and (y) the amounts actually deposited in the Certificate Account on account of such payments, pursuant to Section 4.03. (c) The Bond Administrator shall provide copies of the statements received by the Bond Administrator pursuant to Section 4.02 and Section 3.12 or any other statements received or prepared by the Bond Administrator hereunder, and each Master Servicer shall provide copies of the reports or statements pursuant to Section 4.02, Section 3.13 or 3.12, Section 3.13, Section 3.15 or any other reports or statements to the Rating Agency (with a copy to the Certificate Insurer) in such time and manner that such statements or determinations are required to be provided to Certificateholders. With respect to the reports described in the second paragraph of Section 4.02, the Master Servicer Bond Administrator shall provide such reports to the Rating Agency in respect of each Distribution Date, without regard to whether any Certificateholder or the Certificate Trustee (with a copy to the Certificate Insurer) has requested such report for such Distribution Date.

NOTICES AND COPIES TO RATING AGENCY. (a) The Trustee shall notify the Rating Agency (with a copy to the Certificate Insurer) of the occurrence of any of the following events, in the manner provided in Section 10.06: (i) the occurrence of an Event of Default pursuant to Section 7.01, subject to the provisions of Section 8.01(d); (ii) the appointment of a successor Master Servicer pursuant to Section 7.02;; 125 (b) The Master Servicer shall notify the Rating Agency (with a copy to the Certificate Insurer) of the occurrence of any of the following events, in the manner provided in Section 10.06: (i) any amendment of this Agreement pursuant to Section 10.01; (ii) the appointment of a successor Trustee pursuant to Section 8.08; (iii) the filing of any claim under or the cancellation or modification of any fidelity bond and errors and omissions coverage pursuant to Section 3.01 and Section 3.06 with respect to the Master Servicer or any Servicer; (iv) any change in the location of the Certificate Account, any Custodial Account for P&I or any Custodial Account for Reserves; (v) the repurchase of any Mortgage Loan pursuant to a Purchase Obligation or the repurchase of the outstanding Mortgage Loans pursuant to Section 9.01; (vi) the occurrence of the final Distribution Date or the termination of the trust pursuant to Section 9.01(a)(ii); (vii) the failure of the Master Servicer to make a Monthly P&I Advance following a determination on the Determination Date that the Master Servicer would make such advance pursuant to Section 4.03; and (viii) the failure of the Master Servicer to make a determination on the Determination Date regarding whether it would make a Monthly P&I Advance when a shortfall exists between (x) payments scheduled to be received in respect of the Mortgage Loans and (y) the amounts actually deposited in the Certificate Account on account of such payments, pursuant to Section 4.03. (c) The Master Servicer shall provide copies of the statements pursuant to Section 4.02, Section 4.06, Section 4.08, Section 3.13 or Section 3.15 or any other statements to the Rating Agency (with a copy to the Certificate Insurer) in such time and manner that such statements or determinations are required to be provided to Certificateholders. With respect to the reports described in the second paragraph of Section 4.02, the Master Servicer shall provide such reports to the Rating Agency in respect of each Distribution Date, without regard to whether any Certificateholder or the Trustee (with a copy to the Certificate Insurer) has requested such report for such Distribution Date.

NOTICES AND COPIES TO RATING AGENCY. (a) The Trustee shall notify the Rating Agency (with a copy to the Certificate Insurer) of the occurrence of any of the following events, in the manner provided in Section 10.06: (i) the occurrence of an Event of Default pursuant to Section 7.01, subject to the provisions of Section 8.01(d); (ii) the appointment of a successor Master Servicer pursuant to Section 7.02; (b) The Master Servicer shall notify the Rating Agency (with a copy to the Certificate Insurer) of the occurrence of any of the following events, in the manner provided in Section 10.06: (i) any amendment of this Agreement pursuant to Section 10.01; (ii) the appointment of a successor Trustee pursuant to Section 8.08; (iii) the filing of any claim under or the cancellation or modification of any fidelity bond and errors and omissions coverage pursuant to Section 3.01 and Section 3.06 with respect to the Master Servicer or any Servicer; (iv) any change in the location of the Certificate Account, any Custodial Account for P&I or any Custodial Account for Reserves; (v) the repurchase of any Mortgage Loan pursuant to a Purchase Obligation or the repurchase of the outstanding Mortgage Loans pursuant to Section 9.01; (vi) the occurrence of the final Distribution Date or the termination of the trust pursuant to Section 9.01(a)(ii); (vii) the failure of the Master Servicer to make a Monthly P&I Advance following a determination on the Determination Date that the Master Servicer would make such advance pursuant to Section 4.03; and (viii) the failure of the Master Servicer to make a determination on the Determination Date regarding whether it would make a Monthly P&I Advance when a shortfall exists between (x) payments scheduled to be received in respect of the Mortgage Loans and (y) the amounts actually deposited in the Certificate Account on account of such payments, pursuant to Section 4.03. (c) The Master Servicer shall provide copies of the statements pursuant to Section 4.02, Section 3.13 or Section 3.15 or any other statements to the Rating Agency (with a copy to the Certificate Insurer) in such time and manner that such statements or determinations are required to be provided to Certificateholders. With respect to the reports described in the second paragraph of Section 4.02, the Master Servicer shall provide such reports to the Rating Agency in respect of each Distribution Date, without regard to whether any Certificateholder or the Trustee (with a copy to the Certificate Insurer) has requested such report for such Distribution Date.