Common use of Notices to Securitization Bondholders; Waiver Clause in Contracts

Notices to Securitization Bondholders; Waiver. (a) Where this Indenture provides for notice to Securitization Bondholders of any event, such notice shall be sufficiently given (unless otherwise herein expressly provided) if in writing and delivered by first-class mail, postage prepaid, to each Securitization Bondholder affected by such event, at the address of such Securitization Bondholder as it appears on the Securitization Bond Register, not later than the latest date, and not earlier than the earliest date, prescribed for the giving of such notice. In any case where notice to Securitization Bondholders is given by mail, neither the failure to mail such notice nor any defect in any notice so mailed to any particular Securitization Bondholder shall affect the sufficiency of such notice with respect to other Securitization Bondholders, and any notice that is mailed in the manner herein provided shall conclusively be presumed to have been duly given.

Appears in 5 contracts

Samples: Detroit Edison Securitization Funding LLC, Consumers Funding LLC, Consumers Energy Co Financing V

AutoNDA by SimpleDocs
Time is Money Join Law Insider Premium to draft better contracts faster.