NOTIFICATION TO BONDHOLDERS. (i) Upon any termination of or appointment of a successor to the Master Servicer, the Trustee shall give prompt written notice thereof to Bondholders and to each Rating Agency. (ii) Within 60 days after the occurrence of any Servicing Default, the Trustee shall transmit by mail to all Bondholders notice of each such Servicing Default hereunder known to the Trustee, unless such Servicing Default shall have been cured or waived.
Appears in 2 contracts
Samples: Master Servicing Agreement (Sequoia Mortgage Funding Corp), Master Servicing Agreement (Sequoia Mortgage Funding Corp)
NOTIFICATION TO BONDHOLDERS. (i) Upon any termination of or appointment of a successor to the Master Servicer, the Trustee shall give prompt written notice thereof to Bondholders Bondholders, the Issuer, MBIA and to each Rating Agency.
(ii) Within 60 days after the occurrence of any Master Servicing Default, the Trustee shall transmit by mail to all Bondholders and the Issuer notice of each such Master Servicing Default hereunder known to the Trustee, unless such Master Servicing Default shall have been cured or waived.
Appears in 1 contract
Samples: Master Servicing Agreement (Sequoia Mortgage Funding Corp)
NOTIFICATION TO BONDHOLDERS. (i) Upon any termination of or appointment of a successor to the Master Servicer, the Indenture Trustee shall give prompt written notice thereof to Bondholders Bondholders, the Issuer, FSA and to each Rating Agency.
(ii) Within 60 days after the occurrence of any Master Servicing Default, the Indenture Trustee shall transmit by mail to all Bondholders and the Issuer notice of each such Master Servicing Default hereunder known to the Indenture Trustee, unless such Master Servicing Default shall have been cured or waived.
Appears in 1 contract
Samples: Master Servicing Agreement (American Residential Eagle Bond Trust 1992-2)
NOTIFICATION TO BONDHOLDERS. (i) Upon any termination of or appointment of a successor to the Master Servicer, the Trustee shall give prompt written notice thereof to Bondholders Bondholders, the Issuer and to each Rating Agency.
(ii) Within 60 days after the occurrence of any Master Servicing Default, the Trustee shall transmit by mail to all Bondholders and the Issuer notice of each such Master Servicing Default hereunder known to the Trustee, unless such Master Servicing Default shall have been cured or waived.
Appears in 1 contract
Samples: Master Servicing Agreement (American Residential Eagle Inc)
