Common use of NOTIFICATION OF SERVICER DEFAULT Clause in Contracts

NOTIFICATION OF SERVICER DEFAULT. Within two (2) Business Days after the Servicer becomes aware of any Servicer Default, the Servicer shall give prompt written notice thereof to the Receivables Trustee, each Beneficiary, each Rating Agency and any Enhancement Provider. Upon any termination or appointment of a Successor Servicer pursuant to this Clause 12 (Servicer Defaults), the Receivables Trustee shall give prompt written notice thereof to each Beneficiary at their respective addresses appearing in the Trust Register.

NOTIFICATION OF SERVICER DEFAULT. Within two (2) Business Days after the Servicer becomes aware of any Servicer Default, the Servicer shall give prompt written notice thereof to the Receivables Trustee, each Beneficiarythe Security Trustee, the Beneficiaries and each Rating Agency and any Enhancement ProviderAgency. Upon any termination or appointment of a Successor Servicer pursuant to this Clause 12 (Servicer Defaults), 11 the Receivables Trustee shall give prompt written notice thereof to the Investor Beneficiary and each Beneficiary Rating Agency at their respective addresses appearing in the Trust Register.

NOTIFICATION OF SERVICER DEFAULT. Within two (2) Business Days after the Servicer becomes aware of any Servicer Default, the Servicer shall give prompt written notice thereof to the Receivables Trustee, each Beneficiary, Trustee and each Rating Agency and any Enhancement ProviderAgency. Upon any termination or appointment of a Successor Servicer pursuant to this Clause 12 (Servicer Defaults), 11 the Receivables Trustee shall give prompt written notice thereof to each Investor Beneficiary at their respective addresses appearing in the Trust Register.

NOTIFICATION OF SERVICER DEFAULT. Within two (2) Business Days after the Servicer becomes aware of any Servicer Default, the Servicer shall give prompt written notice thereof to the Receivables Trustee, each Beneficiarythe Security Trustee, the Beneficiaries and each Rating Agency and any Enhancement ProviderAgency. Upon any termination or appointment of a Successor Servicer pursuant to this Clause 12 11 (Servicer Defaults), ) the Receivables Trustee shall give prompt written notice thereof to the Investor Beneficiary and each Beneficiary Rating Agency at their respective addresses appearing in the Trust Property Register.