Common use of Notification to Certificateholders and Others Clause in Contracts

Notification to Certificateholders and Others. (a) Upon any resignation of the Master Servicer or the Special Servicer pursuant to Section 6.04, any termination of the Master Servicer or the Special Servicer pursuant to Section 7.01, any appointment of a successor to the Master Servicer or the Special Servicer pursuant to Section 7.02 or the effectiveness of any designation of a new Special Servicer pursuant to Section 6.09, the Trustee shall give prompt written notice thereof to the Depositor, to the Certificateholders at their respective addresses appearing in the Certificate Register and to each Serviced Non-Trust Mortgage Loan Noteholder. Not later than ten (10) days (or, in the case of notice to the Depositor, as soon as reasonably practicable) after a Responsible Officer of the Trustee has received notice of the occurrence of any resignation, termination or replacement of, or appointment of a successor to, any Outside Servicer pursuant to the related Outside Servicing Agreement, the Trustee shall give written notice of such event to the Depositor and the Certificateholders. (b) Not later than 10 days (or, in the case of notice to the Depositor, as soon as reasonably practicable) after a Responsible Officer of the Trustee has notice of the occurrence of any event which constitutes or, with notice or lapse of time or both, would constitute an Event of Default or an Outside Servicer Default, the Trustee shall promptly notify in writing the Depositor, all the Certificateholders and the Rating Agencies notice of such occurrence, unless such default shall have been cured.

Appears in 4 contracts

Samples: Pooling and Servicing Agreement (LB-UBS Commercial Mortgage Trust 2006-C7), Pooling and Servicing Agreement (LB-UBS Commercial Mortgage Trust 2008-C1), Pooling and Servicing Agreement (LB-UBS Commercial Mortgage Trust 2006-C7)

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Notification to Certificateholders and Others. (a) Upon any resignation of the a Master Servicer or the Special Servicer pursuant to Section 6.04, any termination of the a Master Servicer or the Special Servicer pursuant to Section 7.01, any appointment of a successor to the a Master Servicer or the Special Servicer pursuant to Section 7.02 or the effectiveness of any designation of a new Special Servicer pursuant to Section 6.09, the Trustee shall give prompt written notice thereof to the Depositor, to the Certificateholders at their respective addresses appearing in the Certificate Register and and, to the extent known to the Trustee, each Serviced Non-Trust Mortgage Loan Noteholder. Not later than ten (10) days (or, in the case of notice to the Depositor, as soon as reasonably practicable) after a Responsible Officer of the Trustee has received notice of the occurrence of any resignation, termination or replacement of, or appointment of a successor to, any Outside Servicer pursuant to the related Outside Servicing Agreement, the Trustee shall give written notice of such event to the Depositor and the Certificateholders. (b) Not later than 10 the later of (i) 60 days (or, in the case of notice to the Depositor, as soon as reasonably practicable) after a Responsible Officer of the Trustee has notice of the occurrence of any event which constitutes or, with notice or lapse of time or both, would constitute an Event of Default or an Outside Servicer DefaultDefault and (ii) five (5) days after a Responsible Officer of the Trustee has notice of the occurrence of such an event, the Trustee shall promptly notify in writing transmit by mail to the Depositor, all the Certificateholders and Certificateholders, the Rating Agencies and, to the extent known to the Trustee, each Serviced Non-Trust Mortgage Loan Noteholder (if affected thereby) notice of such occurrence, unless such default shall have been cured. (c) If and when necessary under this Section 7.03 or under Section 11.01(d) hereof, the Trustee shall seek to establish the identity of a Serviced Non-Trust Mortgage Loan Noteholder by contacting the applicable Master Servicer and the Special Servicer. Upon such request, the applicable Master Servicer shall promptly provide the identity of the Serviced Non-Trust Mortgage Loan Noteholder to the Trustee. The Trustee may conclusively rely upon such determination by such Master Servicer.

Appears in 3 contracts

Samples: Pooling and Servicing Agreement (Citigroup Commercial Mortgage Trust 2008-C7), Pooling and Servicing Agreement (Citigroup Commercial Mortgage Trust 2007-C6), Pooling and Servicing Agreement (CD 2007-Cd4 Commercial Mortgage Trust)

Notification to Certificateholders and Others. (a) Upon any resignation of the Master Servicer or the Special Servicer pursuant to Section 6.04, any termination of the Master Servicer or the Special Servicer pursuant to Section 7.01, any appointment of a successor to the Master Servicer or the Special Servicer pursuant to Section 7.02 or the effectiveness of any designation of a new Special Servicer pursuant to Section 6.09, the Trustee shall give prompt written notice thereof to the Depositor, to the Certificateholders at their respective addresses appearing in the Certificate Register and to each Serviced Non-Trust Mortgage Loan Noteholder. Not later than ten (10) days (or, in the case of notice to the Depositor, as soon as reasonably practicable) after a Responsible Officer of the Trustee has received notice of the occurrence of any resignation, termination or replacement of, or appointment of a successor to, any Outside Servicer pursuant to the related Outside Servicing Agreement, the Trustee shall give written notice of such event to the Depositor and the Certificateholders. (b) Not later than 10 days (or, in the case of notice to the Depositor, as soon as reasonably practicable) after a Responsible Officer of the Trustee has notice of the occurrence of any event which constitutes or, with notice or lapse of time or both, would constitute an Event of Default or an Outside Servicer Default, the Trustee shall promptly notify in writing the Depositor, all the Certificateholders and the Rating Agencies notice of such occurrence, unless such default shall have been cured.

Appears in 3 contracts

Samples: Pooling and Servicing Agreement (Lb-Ubs Commercial Mortgage Trust 2006-C3), Pooling and Servicing Agreement (Lb-Ubs Commercial Mortgage Trust 2006-C4), Pooling and Servicing Agreement (Lb-Ubs Commercial Mortgage Trust 2006-C4)

Notification to Certificateholders and Others. (a) Upon any resignation of the Master Servicer or the Special Servicer pursuant to Section 6.04, any termination of the Master Servicer or the Special Servicer pursuant to Section 7.01, -338- any appointment of a successor to the Master Servicer or the Special Servicer pursuant to Section 7.02 or the effectiveness of any designation of a new Special Servicer pursuant to Section 6.09, the Trustee shall give prompt written notice thereof to the Depositor, to the Certificateholders at their respective addresses appearing in the Certificate Register and to each Serviced Non-Trust Mortgage Loan Noteholder. Not later than ten (10) days (or, in the case of notice to the Depositor, as soon as reasonably practicable) after a Responsible Officer of the Trustee has received notice of the occurrence of any resignation, termination or replacement of, or appointment of a successor to, any Outside Servicer pursuant to the related Outside Servicing Agreement, the Trustee shall give written notice of such event to the Depositor and the Certificateholders. (b) Not later than 10 days (or, in the case of notice to the Depositor, as soon as reasonably practicable) after a Responsible Officer of the Trustee has notice of the occurrence of any event which constitutes or, with notice or lapse of time or both, would constitute an Event of Default or an Outside Servicer Default, the Trustee shall promptly notify in writing the Depositor, all the Certificateholders and the Rating Agencies notice of such occurrence, unless such default shall have been cured.

Appears in 2 contracts

Samples: Pooling and Servicing Agreement (LB Commercial Mortgage Trust 2007-C3), Pooling and Servicing Agreement (LB Commercial Mortgage Trust 2007-C3)

Notification to Certificateholders and Others. (a) Upon any resignation of the Master Servicer or the Special Servicer pursuant to Section 6.04, any termination of the Master Servicer or the Special Servicer pursuant to Section 7.01, any appointment of a successor to the Master Servicer or the Special Servicer pursuant to Section 7.02 or the effectiveness of any designation of a new Special Servicer pursuant to Section 6.09, the Trustee shall give prompt written notice thereof to the Depositor, to the Certificateholders at their respective addresses appearing in the Certificate Register and and, to the extent known to the Trustee, each Serviced Non-Trust Mortgage Loan Noteholder. Not later than ten (10) days (or, in the case of notice to the Depositor, as soon as reasonably practicable) after a Responsible Officer of the Trustee has received notice of the occurrence of any resignation, termination or replacement of, or appointment of a successor to, any Outside Servicer pursuant to the related Outside Servicing Agreement, the Trustee shall give written notice of such event to the Depositor and the Certificateholders. (b) Not later than 10 the later of (i) 60 days (or, in the case of notice to the Depositor, as soon as reasonably practicable) after a Responsible Officer of the Trustee has notice of the occurrence of any event which constitutes or, with notice or lapse of time or both, would constitute an Event of Default or and (ii) five (5) days after a Responsible Officer of the Trustee has notice of the occurrence of such an Outside Servicer Defaultevent, the Trustee shall promptly notify in writing transmit by mail to the Depositor, all the Certificateholders and Certificateholders, the Rating Agencies and, to the extent known to the Trustee, each Non-Trust Loan Noteholder (if affected thereby) notice of such occurrence, unless such default shall have been cured. (c) If and when necessary under this Section 7.03 or under Section 11.01(d) hereof, the Trustee shall seek to establish the identity of a Non-Trust Loan Noteholder by contacting the Master Servicer and the Special Servicer. Upon such request, the Master Servicer shall promptly provide the 221 identity of the Non-Trust Loan Noteholder to the Trustee. The Trustee may conclusively rely upon such determination by the Master Servicer.

Appears in 1 contract

Samples: Pooling and Servicing Agreement (Citigroup Commercial Mortgage Trust 2006-C4)

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Notification to Certificateholders and Others. (a) Upon any resignation of the a Master Servicer or the Special Servicer pursuant to Section 6.04, any termination of the a Master Servicer or the Special Servicer pursuant to Section 7.01, any appointment of a successor to the a Master Servicer or the Special Servicer pursuant to Section 7.02 or the effectiveness of any designation of a new Special Servicer pursuant to Section 6.09, the Trustee shall give prompt written notice thereof to the Depositor, to the Certificateholders at their respective addresses appearing in the Certificate Register and to each Serviced Non-Trust Mortgage Loan Noteholder. Not later than ten (10) days (orand, in the case of notice to the Depositor, as soon as reasonably practicable) after a Responsible Officer of the Trustee has received notice of the occurrence of any resignation, termination or replacement of, or appointment of a successor to, any Outside Servicer pursuant extent known to the related Outside Servicing AgreementTrustee, the Trustee shall give written notice of such event to the Depositor and the Certificateholderseach B-Noteholder. (b) Not later than 10 the later of (i) 60 days (or, in the case of notice to the Depositor, as soon as reasonably practicable) after a Responsible Officer of the Trustee has notice of the occurrence of any event which constitutes or, with notice or lapse of time or both, would constitute an Event of Default or an Outside Servicer DefaultDefault and (ii) five (5) days after a Responsible Officer of the Trustee has notice of the occurrence of such an event, the Trustee shall promptly notify in writing transmit by mail to the Depositor, all the Certificateholders and Certificateholders, the Rating Agencies and, to the extent known to the Trustee, each B-Noteholder (if affected thereby) notice of such occurrence, unless such default shall have been cured. (c) If and when necessary under this Section 7.03 or under Section 11.01(d) hereof, the Trustee shall seek to establish the identity of a B-Noteholder by contacting Master Servicer No. 2 and the Special Servicer. Upon such request, Master Servicer No. 2 shall promptly provide the identity of the B-Noteholder to the Trustee. The Trustee may conclusively rely upon such determination by Master Servicer No. 2.

Appears in 1 contract

Samples: Pooling and Servicing Agreement (Citigroup Commercial Mortgage Trust 2006-C5)

Notification to Certificateholders and Others. (a) Upon any resignation of the Master Servicer or the Special Servicer pursuant to Section 6.04, any termination of the Master Servicer or the Special Servicer pursuant to Section 7.01, any appointment of a successor to the Master Servicer or the Special Servicer pursuant to Section 7.02 or the effectiveness of any designation of a new Special Servicer pursuant to Section 6.09, the Trustee shall give prompt written notice thereof to the Depositor, to the Certificateholders at their respective addresses appearing in the Certificate Register and to each Serviced Non-Trust Mortgage Loan Noteholder. Not later than ten (10) days (orand, in the case of notice to the Depositor, as soon as reasonably practicable) after a Responsible Officer of the Trustee has received notice of the occurrence of any resignation, termination or replacement of, or appointment of a successor to, any Outside Servicer pursuant extent known to the related Outside Servicing AgreementTrustee, the Trustee shall give written notice of such event to the Depositor and the Certificateholderseach B-Noteholder. (b) Not later than 10 the later of (i) 60 days (or, in the case of notice to the Depositor, as soon as reasonably practicable) after a Responsible Officer of the Trustee has notice of the occurrence of any event which constitutes or, with notice or lapse of time or both, would constitute an Event of Default or an Outside Servicer DefaultDefault and (ii) five days after a Responsible Officer of the Trustee has notice of the occurrence of such an event, the Trustee shall promptly notify in writing transmit by mail to the Depositor, all the Certificateholders and Certificateholders, the Rating Agencies and, to the extent known to the Trustee, each B-Noteholder (if affected thereby) notice of such occurrence, unless such default shall have been cured. (c) If and when necessary under this Section 7.03 or under Section 11.01(d) hereof, the Trustee shall seek to establish the identity of a B-Noteholder by contacting the Master Servicer and the Special Servicer. Upon such request, the Master Servicer shall promptly provide the identity of the B-Noteholder to the Trustee. The Trustee may conclusively rely upon such determination by the Master Servicer.

Appears in 1 contract

Samples: Pooling and Servicing Agreement (Citigroup Commercial Mortgage Securities Inc)

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