Notification to Obligors. Each Seller shall notify each Obligor of the transfer of the applicable Purchased Receivables transferred by it to the Trust and of the requirement to remit payments to the Sweep Account or to the extent such Receivables are payable in Pesos, the Peso Denominated Account and with respect to the Purchased Receivables:
Notification to Obligors. Pursuant to the terms and provisions of the Lockbox Agreement, by no later than the date of closing of each Applicable Underlying Transactions, Borrower shall have (a) directed or otherwise caused the Applicable Underlying Borrower, the Applicable Underlying Guarantor(s), and all Purchasers and other obligors in respect of each Pledged Consumer Note Receivable to remit directly to Lockbox Account all interest, principal, Release Fees (if any), prepayments (both voluntary and mandatory), and other amounts of any and every description payable to Borrower, the Applicable Underlying Borrower, or their respective assignees by or on behalf of such Applicable Underlying Borrower, Purchasers, or other obligors, pursuant to the Applicable Underlying Transactions Documents, the Pledged Consumer Notes Receivable, and the Interval Mortgages; and (b) provided Lender with written evidence of such notification in form and content reasonably acceptable to Lender.
Notification to Obligors. The Seller, shall, to the extent required by applicable law, notify the Obligors of the Student Loans purchased hereunder of the assignment and transfer of the interest in such Student Loans to the Purchaser and the Purchaser Lender Trustee, acting on behalf of the Purchaser. The Seller shall direct each Obligor to make all payments thereon directly to the Purchaser or as it may otherwise designate.
Notification to Obligors. Buyer shall give written notification to Obligors of the transfer of the Accounts to Buyer within 45 days of the Closing Date and direct all future payments to be made to the address of Buyer or its designee.
Notification to Obligors. If required by law, on mutual agreement of Buyer and Seller as to the form and substance thereof, Buyer and Seller shall each mail to the respective Obligors notice of Seller’s sale of the Accounts to Buyer directing them to make all subsequent payments thereunder to Buyer or to Buyer’s designated servicer.
Notification to Obligors. Pursuant to the terms and provisions of the Lockbox Agreement, upon the closing of each Consumer Loan, Borrower shall have (a) directed or otherwise caused the Purchasers and other obligors in respect of each Pledged Note Receivable to remit directly to Lockbox Account all interest, principal, prepayments (both voluntary and mandatory), and other amounts of any and every description payable to Borrower or its assignees by or on behalf of such Purchasers or other obligors, pursuant to the applicable Pledged Note Receivable, Purchase Agreement, or any related documents or instruments; and (b) provided Lender with written evidence of such notification in form and content reasonably acceptable to Lender.
Notification to Obligors. After the Closing Date, if reasonably necessary and permitted by law, Buyer may send a letter to any Obligor or his or her authorized representative confirming the transfer of the Obligor’s Account to Buyer. Buyer agrees that it will not send such a letter or otherwise communicate with an Obligor outside the bankruptcy process unless the Chapter 13 Proceeding in which such Obligor is involved has been dismissed.
Notification to Obligors. Borrower has directed all of the obligors under the Specified Notes listed on Schedule A to the Control Agreement to make all payments due thereunder to U.S. Bank, National Association. Borrower will, within three Business Days after the date hereof, direct all obligors under the Fifth Third Acquired Notes to make all payments thereunder to U.S. Bank, National Association. Borrower will not terminate or modify any directions referred to above in this paragraph.
Notification to Obligors. Borrower has directed all of the obligors under the Specified Notes listed on Schedule A to the Control Agreement and the Fifth Third Acquired Notes to make all payments due thereunder to U.S. Bank, National Association. Borrower will not terminate or modify any directions referred to above in this paragraph.
