Common use of Notification to Noteholders and Rating Agencies Clause in Contracts

Notification to Noteholders and Rating Agencies. Upon any termination of the Servicer or appointment of a Successor Servicer, the Trustee shall give prompt notice of such termination, resignation, discharge, removal or appointment, together with the conditions of default, if applicable, to the Rating Agencies and each Noteholder in the manner provided herein.

Appears in 5 contracts

Samples: Indenture (Dvi Receivables Corp Viii), Indenture (Dvi Receivables Corp Viii), Indenture (Dvi Receivables Corp Viii)

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Notification to Noteholders and Rating Agencies. Upon any termination of the Servicer or appointment of a Successor Servicer, and upon any resignation, discharge or removal of the Owner Trustee or appointment of a successor Owner Trustee, the Trustee shall give prompt notice of such termination, resignation, discharge, removal or appointment, together with the conditions of default, if applicable, to the Rating Agencies and each Noteholder in the manner provided herein.

Appears in 2 contracts

Samples: Indenture (Dvi Receivables Corp Viii), Indenture (Dvi Receivables Corp)

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Notification to Noteholders and Rating Agencies. Upon any termination of the Servicer Service Provider or appointment of a Successor ServicerService Provider, the Trustee shall give prompt notice of such termination, resignation, discharge, removal or appointment, together with the conditions of default, if applicable, to the Rating Agencies and each Noteholder in the manner provided herein.

Appears in 1 contract

Samples: Indenture (KMC Telecom Holdings Inc)

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