Notification to the City of Failure to Make Payments. The Trustee shall notify the City of any failure by the City to make any Payment or other payment required under the Purchase Agreement to be made to the Trustee, in writing and within one (1) Business Day of any such failure. Such notice shall not be a prerequisite for the occurrence of an Event of Default.
Appears in 3 contracts
Samples: Third Trust Agreement, Third Trust Agreement, Second Trust Agreement
Notification to the City of Failure to Make Payments. The Trustee shall notify the City in writing of any failure by the City to make any Payment or other payment required under the Purchase Agreement to be made to the Trustee, in writing and Trustee within one (1) Business Day of any such failure. Such notice shall not be a prerequisite for the occurrence of an Event of DefaultDefault hereunder or under the Purchase Agreement.
Appears in 1 contract
Samples: Trust Agreement
Notification to the City of Failure to Make Payments. The Trustee shall notify the City of any failure by the City to make any Payment or other payment required under the Purchase Agreement to be made to the Trustee, in writing and within one (1) Business Day of any such failure. Such notice shall not be a prerequisite for the occurrence of an Event of Default.Default.β
Appears in 1 contract
Samples: Second Trust Agreement
