Notices of Defaults and Extensions. (a) Within ninety (90) days after the occurrence of a default actually known to the Property Trustee, the Property Trustee shall transmit notice of such default to the Holders, the Administrative Trustees and the Depositor, unless such default shall have been cured or waived. For the purpose of this Section 8.6, the term “default” means any event that is, or after notice or lapse of time or both would become, an Event of Default.
Appears in 33 contracts
Samples: Trust Agreement (Vestin Realty Mortgage II, Inc), Trust Agreement (Bimini Capital Management, Inc.), Trust Agreement (Geovera Insurance Holdings, Ltd.)
Notices of Defaults and Extensions. (a) Within ninety (90) days after the occurrence of a default actually known to the Property Trustee, the Property Trustee shall transmit notice of such default to the Holders, the Administrative Trustees and the Depositor, unless such default shall have been cured or waived. For the purpose of this Section 8.6, the term “default” means any event that is, or after notice or lapse of time or both would become, an Event of Default."
Appears in 20 contracts
Samples: Trust Agreement (MortgageIT Holdings, Inc.), Trust Agreement (Northstar Realty), Trust Agreement (Northstar Realty)
Notices of Defaults and Extensions. (a) Within ninety (90) days after the occurrence of a default actually known to the Property Trustee, the Property Trustee shall transmit notice of such default to the Holders, the Administrative Trustees and the Depositor, unless such default shall have been cured or waived. For the purpose of this Section 8.6, the term “default” means any event that is, or after notice or lapse of time or both would become, an Event of Default.
Appears in 5 contracts
Samples: Trust Agreement (Great Wolf Resorts, Inc.), Trust Agreement (Great Wolf Resorts, Inc.), Trust Agreement (Novastar Financial Inc)
Notices of Defaults and Extensions. (a) Within ninety (90) days after the occurrence of a default actually known to the Property Trustee, the Property Trustee shall transmit notice of such default to the Holders, the Administrative Trustees and in writing to the Depositor, unless such default shall have been cured or waived. For the purpose of this Section 8.6, the term “default” means any event that is, or after notice or lapse of time or both would become, an Event of Default.
Appears in 3 contracts
Samples: Trust Agreement (Deerfield Triarc Capital Corp), Trust Agreement (Deerfield Triarc Capital Corp), Trust Agreement (Deerfield Triarc Capital Corp)
Notices of Defaults and Extensions. (a) Within ninety (90) days after the occurrence of a default actually known to the Property Trustee, the Property Trustee shall transmit notice of such default to the Holders, the Administrative Trustees and the Depositor, unless such default shall have been cured or waived. For the purpose of this Section SECTION 8.6, the term “default” means any event that is, or after notice or lapse of time or both would become, an Event of Default."
Appears in 2 contracts
Samples: Trust Agreement (Uici), Trust Agreement (Uici)
Notices of Defaults and Extensions. (a) Within ninety (90) days after the occurrence of a default actually known to the Property Trustee, the Property Trustee shall transmit notice of such default to the Holders, the Administrative Trustees Trustees, the Guarantor and the Depositor, unless such default shall have been cured or waived. For the purpose of this Section 8.6, the term “default” means any event that is, or after notice or lapse of time or both would become, an Event of Default.
Appears in 1 contract
Samples: Trust Agreement (Capitalsource Inc)
Notices of Defaults and Extensions. (a) Within ninety (90) 90 days after the occurrence of a default actually known to the Property Trustee, the Property Trustee shall transmit notice of such default to the Holders, the Administrative Trustees and the Depositor, unless such default shall have been cured or waived. For ; provided, that, except in the purpose case of this Section 8.6a default in the payment of the principal of or any premium or interest (including any Additional Interest) on any Trust Security, the term “default” means any event that is, or after notice or lapse of time or both would become, an Event of Default.Property Trustee shall
Appears in 1 contract
Samples: Trust Agreement (Vib Corp)
Notices of Defaults and Extensions. (a) Within ninety (90) days after the occurrence of a default actually known to the Property Trustee, the Property Trustee shall transmit notice of such default to the Holders, the Administrative Trustees and the Depositor, unless such default shall have been cured or waived. For the purpose of this Section 8.6, the term “"default” " means any event that is, or after notice or lapse of time or both would become, an Event of Default.
Appears in 1 contract
Samples: Trust Agreement
Notices of Defaults and Extensions. (a) Within ninety (90) days after the occurrence of a default actually known to the Property Trustee, the Property Trustee shall transmit notice of such default to the Holders, the Administrative Trustees and the Depositor, unless such default shall have been cured or waived. For the purpose of this Section 8.6, the term “default” means any event that is, or after notice or lapse of time or both would become, an Event of Default.the
Appears in 1 contract
