Common use of NOTIFICATION TO NOTEHOLDERS AND RESIDUAL INTERESTHOLDERS Clause in Contracts

NOTIFICATION TO NOTEHOLDERS AND RESIDUAL INTERESTHOLDERS. Upon any termination of, or appointment of a successor to, the Servicer pursuant to this Article VII, the Indenture Trustee will give prompt written notice thereof to the Owner Trustee, the Issuer, the Insurer, the Administrator, each Rating Agency and to the Noteholders and the Residual Interestholders at their respective addresses of record.

NOTIFICATION TO NOTEHOLDERS AND RESIDUAL INTERESTHOLDERS. Upon any termination of, or appointment of a successor to, the Servicer pursuant to this Article VII, the Indenture Trustee will give prompt written notice thereof to the Owner Trustee, the Issuer[, the Insurer], the Administrator, each Rating Agency and to the Noteholders and the Residual Interestholders at their respective addresses of record.