Common use of Notification to Noteholders and Certificateholders Clause in Contracts

Notification to Noteholders and Certificateholders. Upon any termination of, or appointment of a successor to, the Servicer, the Trust Collateral Agent shall give prompt written notice thereof to each Securityholder and to the Rating Agencies.

Appears in 2 contracts

Samples: Sale and Servicing Agreement (Americredit Financial Services Inc), Sale and Servicing Agreement (Americredit Financial Services Inc)

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Notification to Noteholders and Certificateholders. Upon any termination of, or appointment of a successor to, the Master Servicer, the Trust Collateral Agent shall give prompt written notice thereof to each Securityholder and to the Rating AgenciesSecurityholder.

Appears in 1 contract

Samples: Sale and Servicing Agreement (Advanta Automobile Receivables Trust 1997-1)

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