Notification to Noteholders of Defaults and Events of Default. The Servicer shall promptly notify the Trustee of any Default or any Event of Default upon the receipt of actual knowledge thereof by a Servicing Officer, and the Trustee shall promptly thereupon give written notice thereof to each of the Series Controlling Parties and each of the Series Support Providers.
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Samples: Master Lease Receivables Asset Backed Financing Facility Agreement (Marlin Business Services Inc), Master Lease Receivables Asset Backed Financing Facility Agreement (Marlin Business Services Inc), Master Facility Agreement (Advanta Leasing Receivables Corp Ix)
Notification to Noteholders of Defaults and Events of Default. The Servicer shall promptly notify the Trustee in writing of any Default or any Event of Default upon the receipt of actual knowledge thereof by a Servicing Officer, and the Trustee shall promptly thereupon give written notice thereof to each of the Series Controlling Parties and each of the Series Support Providers.upon
Appears in 1 contract
Samples: Master Facility Agreement (Advanta Business Services Corp)
Notification to Noteholders of Defaults and Events of Default. The Servicer shall promptly notify the Trustee of any Default or any Event of Default upon the receipt of actual knowledge thereof by a Servicing Officer, and the Trustee shall promptly thereupon give written notice thereof to each of the Series Controlling Control Parties and each of the Series Support Providers.
Appears in 1 contract
