Common use of Notices to Depository Clause in Contracts

Notices to Depository. Whenever any notice or other communication is required to be given to Holders of any Class of Certificates represented in whole or in part by Book-Entry Certificates, the Trust Administrator shall, with respect to such Book-Entry Certificates, give all such notices and communications to the Depository rather than to the related Certificate Owners.

Appears in 5 contracts

Samples: Pooling and Servicing Agreement (New Century Home Eq Ln Tr Ser 2000 NCB Asset Back Ps THR Cer), Pooling and Servicing Agreement (New Century Mort Sec Inc New Cent Hm Eq Ln Tr Ser 2000-Nca), Pooling and Servicing Agreement (New Century Home Equity Loan Trust Series 1999-NCB)

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Notices to Depository. Whenever any notice or other communication is required to be given to Holders of any Class of Certificates represented in whole or in part by Book-Entry Certificates, the Trust Administrator Trustee shall, with respect to such Book-Entry Certificates, give all such notices and communications to the Depository rather than to the related Certificate Owners.

Appears in 2 contracts

Samples: Pooling and Servicing Agreement (Prudential Securities Secured Financing Corp), Pooling and Servicing Agreement (Financial Asset Securities Corp)

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