Common use of Notification to Class A Noteholders and Certificateholders Clause in Contracts

Notification to Class A Noteholders and Certificateholders. Upon any termination of, or appointment of a successor to, the Servicer pursuant to this Article VIII, the Trust Collateral Agent shall promptly upon its receipt of notice thereof give prompt written notice thereof to Class A Noteholders and the Certificateholders at their respective addresses appearing in the Note Register and the Certificate Register, to the Owner Trustee and to each of the Rating Agencies then rating the Class A Notes, the Class A Insurer and the Backup Insurer.

Appears in 3 contracts

Samples: Sale and Servicing Agreement (Credit Acceptance Corporation), Sale and Servicing Agreement (Credit Acceptance Corporation), Sale and Servicing Agreement (Credit Acceptance Corporation)

AutoNDA by SimpleDocs

Notification to Class A Noteholders and Certificateholders. Upon any termination of, or appointment of a successor to, the Servicer pursuant to this Article VIII, the Trust Collateral Agent shall promptly upon its receipt of notice thereof give prompt written notice thereof to Class A Noteholders and the Certificateholders at their respective addresses appearing in the Note Register and the Certificate Register, to the Owner Trustee and to each of the Rating Agencies then rating the Class A Notes, the Class A Insurer Notes and the Backup InsurerSwap Counterparty.

Appears in 1 contract

Samples: Sale and Servicing Agreement (Credit Acceptance Corporation)

Notification to Class A Noteholders and Certificateholders. Upon any termination of, or appointment of a successor to, the Servicer pursuant to this Article VIII, the Trust Collateral Agent shall promptly upon its receipt of notice thereof give prompt written notice thereof to Class A Noteholders and the Certificateholders at their respective addresses appearing in the Note Register and the Certificate Register, to the Owner Trustee and to each of the Rating Agencies then rating the Class A Notes, the Swap Counterparty and the Class A Insurer and the Backup Insurer.

Appears in 1 contract

Samples: Sale and Servicing Agreement (Credit Acceptance Corporation)

AutoNDA by SimpleDocs

Notification to Class A Noteholders and Certificateholders. Upon any termination of, or appointment of a successor to, the Servicer pursuant to this Article VIII, the Trust Collateral Agent shall promptly upon its receipt of notice thereof give prompt written notice thereof to Class A Noteholders and the Certificateholders at their respective addresses appearing in the Note Register and the Certificate Register, to the Owner Trustee and to each of the Rating Agencies then rating the Class A Notes, Notes and the Class A Insurer and the Backup Insurer.

Appears in 1 contract

Samples: Sale and Servicing Agreement (Credit Acceptance Corporation)

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!