Common use of Notices from the Trustee Clause in Contracts

Notices from the Trustee. Whenever a Default occurs and is continuing and is known to the Trustee, the Trustee must deliver notice of such Default to the Holders within 90 days after the date on which such Default first occurred. Except in the case of a Default in the payment of the principal of, interest on, or Fundamental Change Repurchase Price for, any Security or of a Default in the payment or delivery, as the case may be, of the consideration due upon conversion of a Security, the Trustee shall be protected in withholding such notice if and so long as the board of directors, the executive committee or a trust committee of directors and/or Responsible Officers of the Trustee in good faith determine that the withholding of such notice is in the interests of the Holders.

Notices from the Trustee. Whenever If a Default occurs and is continuing and is known to a Responsible Officer of the Trustee, the Trustee must deliver give notice of such Default to the Holders each Holder within 90 days after the date on which such Default first occurreda Responsible Officer of the Trustee has received written notice thereof. Except in the case of a Default in the payment of the principal (including the Fundamental Change Purchase Price and the Redemption Price) of, interest onpremium, if any, or Fundamental Change Repurchase Price for, interest on any Security Note or of a Default in the payment or delivery, as the case may be, delivery of the consideration due upon conversion of a Securityany Note (including the Make-Whole Premium, if applicable), the Trustee shall be protected in withholding such may withhold notice if and so long as the board of directors, the executive committee or a trust committee of directors and/or Responsible Officers of the Trustee in good faith determine determines that the withholding of such notice is in the interests of the Holders.