Common use of Notices of Events of Default Clause in Contracts

Notices of Events of Default. As promptly as practicable after, and in any event within 30 days after, the occurrence of any Event of Default actually known to the Trustee, the Trustee shall give notice of such Event of Default to the Depository, or, if any Certificates are not then held by DTC or any other depository, directly to the registered holders of such Certificates, and to the Warrant Agent. However, except in the case of an Event of Default relating to the payment of principal of or interest on any of the Underlying Securities, the Trustee will be protected in withholding such notice if in good faith it determines that the withholding of such notice is in the interest of the Certificateholders.

Appears in 39 contracts

Samples: Warrant Agent Agreement (Lehman Abs Corp Goldman Sachs Cap 1 Sec BCK Ser 2004-7 Class A1), Warrant Agent Agreement (Lehman Abs Corp Boeing Note Backed Series 2003 7), Warrant Agent Agreement (Lehman Abs Corp Ge Global Insurance Note Backed Ser 2003-19)

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Notices of Events of Default. As promptly as practicable after, and in any event within 30 days after, the occurrence of any Event of Default actually known to the Trustee, the Trustee shall give notice of such Event of Default to the Depository, or, if any Certificates are not then held by DTC or any other depository, directly to the registered holders of such Certificates, and to the Warrant Agent. However, except in the case of an Event of Default relating to the payment of principal of or interest on any of the Underlying Securities, the Trustee will be protected in withholding such notice if in good faith it determines that the withholding of such notice is in the interest of the Certificateholders.

Appears in 31 contracts

Samples: Warrant Agent Agreement (Lehman Abs Corp), Warrant Agent Agreement (Lehman Abs Corp), Warrant Agent Agreement (Lehman Abs Corp)

Notices of Events of Default. As promptly as practicable after, and in any event within 30 days after, the occurrence of any Event of Default actually known to the Trustee, the Trustee shall give notice of such Event of Default to the Depository, or, if any Certificates are not then held by DTC or any other depository, directly to the registered holders of such Certificates, Certificates and to the Warrant Agent. However, except in the case of an Event of Default relating to the payment of principal of or interest on any of the Underlying Securities, the Trustee will be protected in withholding such notice if in good faith it determines that the withholding of such notice is in the interest of the Certificateholders.

Appears in 31 contracts

Samples: Warrant Agent Agreement (Lehman Abs Corp Motorola Debenture Backed Series 2002 12), Warrant Agent Agreement (Lehman Abs Corp Ford Motor Co Note Backed Ser 2003-6), Warrant Agent Agreement (Lehman Abs Corp)

Notices of Events of Default. As promptly as practicable after, and in any event within 30 days after, the occurrence of any Event of Default actually known to the Trustee, the Trustee shall give notice of such Event of Default to the Depository, or, if any Certificates are not then held by DTC or any other depository, directly to the registered holders of such Certificates, and to the Warrant Agent. However, except in the case of an Event of Default relating to the payment of principal 11 <PAGE> of or interest on any of the Underlying Securities, the Trustee will be protected in withholding such notice if in good faith it determines that the withholding of such notice is in the interest of the Certificateholders. Section 10.

Appears in 1 contract

Samples: Warrant Agent Agreement

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Notices of Events of Default. As promptly as practicable after, and in any event within 30 days after, the occurrence of any Event of Default actually known to the TrusteeDefault, of the Trustee shall give notice of such Event of Default to the Depository, or, if any Certificates are not then held by DTC or any other depository, directly to the registered holders of such Certificates, and to the Warrant Agent. However, except in the case of an Event of Default relating to the payment of principal of or interest on any of the Underlying Securities, the Trustee will be protected in withholding such notice if in good faith it determines that the withholding of such notice is in the interest of the Certificateholders.

Appears in 1 contract

Samples: Warrant Agent Agreement (Lehman Abs Corp)

Notices of Events of Default. As promptly as practicable after, and in any event within 30 days after, after the occurrence of any an Event of Default in respect of the Certificates actually known to the Trustee, the Trustee shall will give notice to the Certificateholders, transmitted by mail, of all such Event uncured or unwaived Events of Default known to the Depository, or, if any Certificates are not then held by DTC or any other depository, directly to the registered holders of such Certificates, and to the Warrant Agentit. However, except in the case of an Event of Default relating to the payment of principal of principal, if any, or interest on any of the Underlying Securities, the Trustee will be protected in withholding such notice if in good faith it determines that the withholding of such notice is in the interest of the Certificateholders.

Appears in 1 contract

Samples: Warrant Agent Agreement (Lehman Abs Corp)

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