Notices to Obligors on Loans. (a) Purchaser shall, following the Final Approval Date, but no later than fifteen (15) days prior to the Closing Date, prepare and transmit, at Purchaser's sole cost and expense, to each obligor on each Loan, a notice in a form satisfying all legal requirements and reasonably acceptable to Sellers to the effect that the Loan will be transferred to Purchaser and directing that payments be made after the Closing Date to Purchaser at any address of Purchaser specified by Purchaser, with Purchaser's name as payee on any checks or other instruments used to make such payments, and, with respect to all such Loans on which payment notices or coupon books have been issued, to issue new notices or coupon books reflecting the name and address of Purchaser as the person to whom and the place at which payments are to be made. To the extent that Purchaser's notice pursuant to the prior sentence shall be legally insufficient, Sellers agree, at Purchaser's sole expense, to provide all Loan obligors with all required notices of the assignment and transfer of the Loans.
Notices to Obligors on Loans. (a) Purchaser shall no later than 15 days prior to the Closing Date prepare and transmit to each obligor on each Assigned Loan, a notice in a form satisfying all legal requirements and reasonably acceptable to Seller to the effect that the Assigned Loan will be transferred to Purchaser and directing that payments be made after the Closing Date to Purchaser at any address of Purchaser specified by Purchaser, with Purchaser’s name as payee on any checks or other instruments used to make as payments, and, with respect to all such Assigned Loans on which payment notices or coupon books have been issued, shall issue new notices or coupon books reflecting the name and address of Purchaser as the Person to whom and the place at which payments are to be made. To the extent that Purchaser’s notice pursuant to the prior sentence shall be legally insufficient, Seller will provide all Assigned Loan obligors with all required notices of the assignment and transfer of the Assigned Loans. Purchaser and Seller shall equally share the expenses incurred in connection with the obligations to send notices hereunder.
Notices to Obligors on Loans. (a) Purchaser shall no earlier than September 6, 2005 nor later than fifteen (15) days prior to the Closing Date prepare and transmit, at Purchaser’s sole cost and expense, to each obligor on each Loan, a notice in a form satisfying all legal requirements and reasonably acceptable to Seller to the effect that the Loan will be transferred to Purchaser and directing that payments be made after the Closing Date to Purchaser at any address of Purchaser specified by Purchaser, with Purchaser’s name as payee on any checks or other instruments used to make as payments, and, with respect to all such Loans on which payment notices or coupon books have been issued, to issue new notices or coupon books reflecting the name and address of Purchaser as the person to whom and the place at which payments are to be made.
Notices to Obligors on Loans. Buyer shall, no later than fifteen days prior to the Closing Date, prepare and transmit, at Buyer's sole cost and expense, to each obligor on each Loan, a notice in a form satisfying all legal requirements and reasonably acceptable to Seller to the effect that the Loan will be transferred to Buyer and directing that payments be made after the Closing Date to Buyer at any address of Buyer specified by Buyer, with Buyer's name as payee on any checks or other instruments used to make such payments, and, with respect to all such Loans on which payment notices have been issued, issue new notices reflecting the name and address of Buyer as the person to whom and the place at which payments are to be made or provide alternative loan billing statements. To the extent that Buyer's notice pursuant to the prior sentence shall be legally insufficient, Seller agrees, at Buyer's sole expense, to provide all Loan obligors with all required notices of the assignment and transfer of the Loans.
Notices to Obligors on Loans. (a) No earlier than receipt of all Governmental Approvals, nor later than thirty (30) days prior to the Closing Date, the Purchaser shall prepare and transmit, at its sole cost and expense, to each obligor on each Loan, a notice, in a form satisfying all legal requirements and reasonably acceptable to the Seller, to the effect that the Loan will be transferred to the Purchaser and directing that payments be made after the Closing Date to the Purchaser at any address of the Purchaser specified by Purchaser, with the Purchaser’s name as payee on any checks or other instruments used to make as payments. With respect to all such Loans on which payment notices or coupon books have been issued by the Seller, as soon as reasonably practicable following the Closing, the Purchaser, at its expense, will issue new coupon or payment books for the Loans and will instruct customers to destroy any coupons furnished by the Seller, and the Purchaser will also notify customers of any applicable change in terms.
Notices to Obligors on Loans. Purchaser shall, no later than fifteen (15) days prior to the Closing Date, prepare and transmit, at Purchaser’s sole cost and expense, to each obligor on each Loan, a notice in a form reasonably acceptable to Sellers to the effect that the Loan will be transferred to Purchaser and directing that payments be made after the Closing Date to Purchaser at any address of Purchaser specified by Purchaser, with Purchaser’s name as payee on any checks or other instruments used to make such payments, and, with respect to all such Loans on which payment notices or coupon books have been issued, to issue new notices or coupon books reflecting the name and address of Purchaser as the person to whom and the place
Notices to Obligors on Loans. Buyer shall no later than fifteen (15) days prior to the Closing Date prepare and transmit, at Buyer's sole cost and expense, to each obligor on each Loan, a notice in a form satisfying all legal requirements and reasonably acceptable to Seller to the effect that the Loan will be transferred to Buyer and directing that payments be made after the Closing Date to Buyer at any address of Buyer specified by Buyer, with Buyer's name as payee on any checks or other instruments used to make such payments, and, with respect to all such Loans on which payment notices or coupon books have been issued, shall issue new notices or coupon books reflecting the name and address of Buyer as the person to whom and the place at which payments are to be made. To the extent that Buyer's notice pursuant to the prior sentence shall be legally insufficient, Seller agrees, at Buyer's sole expense, to provide all Loan obligors with all required notices of the assignment and transfer of the Loans. To the extent that any of the Loans transferred from Seller to Buyer involve a transfer of servicing as defined and governed by the Real Estate Settlement Procedures Act (12 U.S.C. Section 2601 et seq.), Seller and Buyer will jointly coordinate any appropriate required customer notices.
Notices to Obligors on Loans. Purchaser shall, after procurement of all Regulatory Approvals and prior to the Closing Date, prepare and transmit, at Purchaser’s sole cost and expense, a notice to each obligor on each Loan, to the effect that the Loan shall be transferred to Purchaser on the Closing Date and directing that payments be made to Purchaser at any address of Purchaser specified by Purchaser, with Purchaser’s name as payee on any checks or other instruments used to make such payments and, with respect to all such Loans on which payment notices or coupon books have been issued, Purchaser agrees to issue new notices or coupon books reflecting the name and address of Purchaser as the person to whom and place at which payments are to be made. Such notice may be included in the notice to Deposit Account Customers described in Section 3.5 of this Agreement. The form and timing of this notice shall be reasonably satisfactory to Seller.
Notices to Obligors on Loans. Purchaser shall, prior to the Closing Date, prepare and transmit, at Purchaser's sole cost and expense, to each obligor on each Loan which constitutes an Asset, a notice to the effect that the Loan has been transferred and directing that payments be made to Purchaser at any address of Purchaser specified by Purchaser, with Purchaser's name as payee (North Central Ohio) on any checks or other instruments used to make such payments, and, with respect to all such Loans on which payment notices or coupon books have been issued, to issue new notices or coupon books reflecting the name and an address of Purchaser as the person to whom and place at which payments are to be made.
