Notification to Holders upon Termination. The Trustee will give prompt notice to Holders and the Guarantor upon any termination or resignation of the Master Servicer, or any appointment of a successor Master Servicer pursuant to Section 11.2.
Notification to Holders upon Termination Sample Clauses
Related to Notification to Holders upon Termination
Payment Upon Termination In the event that the City or Consultant terminates this Agreement pursuant to Section 8, the City shall compensate the Consultant for all outstanding costs and reimbursable expenses incurred for work satisfactorily completed as of the date of written notice of termination. Consultant shall maintain adequate logs and timesheets in order to verify costs incurred to that date. The City shall have no obligation to compensate Consultant for work not verified by logs or timesheets.
