Common use of Notification of Breaches of Representations and Warranties Clause in Contracts

Notification of Breaches of Representations and Warranties. If the Custodian discovers, in the course of performing its custodial functions, a breach of a representation or warranty made by the Master Servicer or the Company as set forth in the Pooling Agreement with respect to a Mortgage Loan relating to a Mortgage File, the Custodian shall give prompt written notice to the Company, the Master Servicer, the Insurer and the Trustee. In the case of the Insurer, such notice will be made to Ambac Assurance Corporation, One State Street Plaza, 19th Floox, Xxx Xxxx, Xxx Xxxx 00000, xx xxxx xxxxx xxxxxxx xx xxx xxreafter be furnished to the Company, the Trustee and the Master Servicer in writing by Ambac Assurance Corporation.

Notification of Breaches of Representations and Warranties. If the Custodian discovers, in the course of performing its custodial functions, a breach of a representation or warranty made by the Master Servicer or the Company as set forth in the Pooling Agreement with respect to a Mortgage Loan relating to a Mortgage File, the Custodian shall give prompt written notice to the Company, the Master ServicerServicer , the Insurer and the Trustee. In the case of the Insurer, such notice will be made to Ambac Assurance Corporation, One State Street Plaza, 19th Floox, Xxx Xxxx, Xxx Xxxx 00000, xx xxxx xxxxx xxxxxxx xx xxx xxreafter be furnished to the Company, the Trustee and the Master Servicer in writing by Ambac Assurance Corporation.

Notification of Breaches of Representations and Warranties. If the Custodian discovers, in the course of performing its custodial functions, a breach of a representation or warranty made by the Master Servicer or the Company as set forth in the Pooling Agreement with respect to a Mortgage Loan relating to a Mortgage File, the Custodian shall give prompt written notice to the Company, the Master ServicerServicer , the Insurer and the Trustee. In the case of the Insurer, such notice will be made to Ambac Assurance Corporation, One State Street Plaza, 19th FlooxFloor, Xxx Xxxx, Xxx Xxxx 00000, xx xxxx xxxxx xxxxxxx xx xxx xxreafter xxxeafter be furnished to the Company, the Trustee and the Master Servicer in writing by Ambac Assurance Corporation.