NOTIFICATION TO RATING AGENCIES. The Trustee shall give prompt notice to the Rating Agencies of the occurrence of any of the following events of which it has received notice: (1) any modification or amendment to this Agreement, (2) any change of the Trustee, the Servicer or Paying Agent, (3) any Event of Default or waiver of an Event of Default, (4) that any superior lienholder has accelerated or intends to accelerate the obligations secured by a Prior Lien, and (5) the final payment of all the Certificates. The Servicer shall promptly deliver to the Rating Agencies a copy of each of the Servicer's Certificates. Further, the Servicer shall give prompt notice to the Rating Agencies if the Servicer or any of its affiliates acquire any Certificates.
Appears in 6 contracts
Samples: Pooling and Servicing Agreement (Money Store Sba Loan Backed Adj Rak Cert Series 1997-I), Pooling and Servicing Agreement (Money Store of New York Inc), Pooling and Servicing Agreement (Money Store of New York Inc)
NOTIFICATION TO RATING AGENCIES. The Trustee shall give prompt notice to the Rating Agencies of the occurrence of any of the following events of which it has received notice: (1) any modification or amendment to this Agreement, (2) any change of the Trustee, the Servicer or Paying Agent, (3) any Event of Default or waiver of an Event of Default, (4) that any superior lienholder has accelerated or intends to accelerate the obligations secured by a Prior Lien, and (5) the final payment of all the Certificates. The Servicer shall promptly deliver to the Rating Agencies a copy of each of the Servicer's Certificates. Further, the Servicer shall give prompt notice to the Rating Agencies if the Servicer or any of its affiliates acquire any Certificates.. [REMAINDER OF PAGE INTENTIONALLY BLANK]
Appears in 2 contracts
Samples: Pooling and Servicing Agreement (Money Store Commercial Mortgage Inc), Pooling and Servicing Agreement (Money Store Commercial Mortgage Inc)
