Common use of Notification to the Beneficiaries and the Certificateholders Clause in Contracts

Notification to the Beneficiaries and the Certificateholders. Upon any termination of, or appointment of a successor to, the Servicer pursuant to this Article IX, the Indenture Trustee shall give prompt written notice thereof to the Noteholders, the Insurer and the Rating Agencies, and the Owner Trustee shall give prompt written notice thereof to the Certificateholders.

Appears in 2 contracts

Samples: Pooling and Servicing Agreement (Alliance Laundry Systems LLC), Pooling and Servicing Agreement (Alliance Laundry Corp)

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Notification to the Beneficiaries and the Certificateholders. Upon any termination of, or appointment of a successor to, the Servicer pursuant to this Article IXVIII, the Indenture Trustee shall give prompt written notice thereof to the Noteholders, the Insurer and the Rating AgenciesAgencies (with a copy to the Initial Purchaser), and the Owner Trustee shall give prompt written notice thereof to the Certificateholders.

Appears in 1 contract

Samples: Pooling and Servicing Agreement (Alliance Laundry Holdings LLC)

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Notification to the Beneficiaries and the Certificateholders. Upon any termination of, or appointment of a successor to, the Servicer pursuant to this Article IX, the Indenture Trustee shall give prompt written notice thereof to the Noteholders, the Insurer Administrative Agent and the Rating Agencies, and the Owner Trustee shall give prompt written notice thereof to the Certificateholders.

Appears in 1 contract

Samples: Pooling and Servicing Agreement (Alliance Laundry Systems LLC)

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