Common use of Notices of Defaults and Extensions Clause in Contracts

Notices of Defaults and Extensions. (a) Except as provided in Section 6.10, within ninety (90) days after the occurrence of a Default (as defined below in this Section 8.6(a)) 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; provided that, except in the case of a default in the payment of the principal of or any premium or interest (including any Additional Interest) on any Trust Security, the Property Trustee shall be fully 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 Property Trustee in good faith determines that the withholding of such notice is in the interests of the Holders of the Trust

Notices of Defaults and Extensions. (a) Except as provided in Section 6.10, within ninety (90) days after the occurrence of a Default (as defined below in this Section 8.6(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; provided provided, that, except in the case of a default in the payment of the principal of or any premium or interest (including any Additional Interest) on any Trust Security, the Property Trustee shall be fully 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 Property Trustee in good faith determines that the withholding of such notice is in the interests of the Holders of the TrustTrust Securities. For the purpose of this

Notices of Defaults and Extensions. (a) Except as provided in Section 6.10, within ninety (90) days after the occurrence of a Default (as defined below in this Section 8.6(a)) 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; provided that, except in the case of a default in the payment of the principal of or any premium or interest (including any Additional Interest) on any Trust Security, the Property Trustee shall be fully 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 Property Trustee in good faith determines that the withholding of such notice is in the interests of the Holders of the TrustTrust Securities. For the purpose of this Section 8.6, the term "Default" means any ICON Event of Default.

Notices of Defaults and Extensions. (a) Except as provided in Section 6.10, within ninety (90) days after the occurrence of a Default (as defined below in this Section 8.6(a)) 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; provided that, except in the case of a default in the payment of the principal of or any premium or interest (including any Additional Interest) on any Trust Security, the Property Trustee shall be fully 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 Property Trustee in good faith determines that the withholding of such notice is in the interests of the Holders of the TrustTrust Securities. For the purpose of this Section 8.6, the term “Default” means any Junior Subordinated Debt Securities Event of Default.