Common use of NOTIFICATION TO RATING AGENCIES Clause in Contracts

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 appointment of a Custodian (other than First Union National Bank), (3) any change of the Trustee or the Servicer (4) any Event of Default, 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 Representative shall give prompt notice to the Rating Agencies if the Representative or any of its affiliates acquire any Pool I or Pool IV Certificates, which notice shall acknowledge that the Representative, or such affiliate understands that such Pool I or Pool IV Certificates so acquired will not be entitled to the benefits of the Certificate Insurance Policy and, accordingly, will not be rated by the Rating Agencies so long as such Pool I or Pool IV Certificates are owned by the Representative or any such affiliate.

NOTIFICATION TO RATING AGENCIES. The Trustee Representative 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 appointment of a Custodian (other than First Union National Bank), (3) any change of the Trustee Co-Trustees or the Servicer (4) any Event of Default, 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 Representative shall give prompt notice to the Rating Agencies if the Representative or any of its affiliates acquire any Pool I or Pool IV II Certificates, which notice shall acknowledge that the Representative, or such affiliate understands that such Pool I or Pool IV II Certificates so acquired will not be entitled to the benefits of the Certificate Insurance Policy and, accordingly, will not be rated by the Rating Agencies so long as such Pool I or Pool IV II Certificates are owned by the Representative or any such affiliate.

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 appointment of a Custodian (other than First Union Trust National BankAssociation), (3) any change of the Trustee or the Servicer (4) any Event of Default, 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 Representative shall give prompt notice to the Rating Agencies if the Representative or any of its affiliates acquire any Pool I or Pool IV Certificates, which notice shall acknowledge that the Representative, or such affiliate understands that such Pool I or Pool IV Certificates so acquired will not be entitled to the benefits of the Certificate Insurance Policy and, accordingly, will not be rated by the Rating Agencies so long as such Pool I or Pool IV Certificates are owned by the Representative or any such affiliate.

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 appointment of a Custodian (other than First Union National Bank), (3) any change of the Trustee or the Servicer (4) any Event of Default, 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 Representative shall give prompt notice to the Rating Agencies if the Representative or any of its affiliates acquire any Pool I or Pool IV II Certificates, which notice shall acknowledge that the Representative, or such affiliate understands that such Pool I or Pool IV II Certificates so acquired will not be entitled to the benefits of the Certificate Insurance Policy and, accordingly, will not be rated by the Rating Agencies so long as such Pool I or Pool IV II Certificates are owned by the Representative or any such affiliate.