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.

Notices to Designated Rating Agencies. (a) The Trust Manager shall provide a copy of each notice, request or other communication by the Trustee, the Trust 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 31.334.3.