Common use of Notices to Designated Rating Agencies Clause in Contracts

Notices to Designated Rating Agencies. (a) The Manager shall provide a copy of each notice, request or other communication by the Trustee, the Manager or a Servicer to Noteholders in a Trust to each Designated Rating Agency (if any) for the relevant Trust as from time to time agreed in writing with that Designated Rating Agency, and where a Transaction Document specifies that notice is to be given to each Designated Rating Agency, but the person who is to give that notice is not specified. Where a Transaction Document requires notice to be given to a Designated Rating Agency, that requirement constitutes an "agreement in writing" for the purposes of this clause 31.3. (b) The Manager, or failing it, the Trustee will notify each Designated Rating Agency as soon as practicable after all of the Notes in respect of a Trust have been repaid in full. Page (88) Master Trust Xxxx Xxxxx Xxxxx & Xxxxxxx -------------------------------------------------------------------------------- 32. Payments generally -------------------------------------------------------------------------------- 32.1 Payments to Noteholders Any payment made by or on behalf of the Trustee in respect of any Note shall be made in accordance with the Supplementary Terms Notice, the Note Trust Deed and the Agency Agreement. 32.2 Trustee to arrange payments The Trustee will: (a) prepare or cause to be prepared all cheques which are to be issued to Noteholders and to Beneficiaries and stamp the same as required by law; or (b) otherwise arrange payments under clause 32. 1. The Trustee will sign (by autographical, mechanical or other means) cheques for despatch on the day on which they ought to be despatched.