Common use of Notification to Trustee Clause in Contracts

Notification to Trustee. Concurrently with the delivery to Lender of each certificate representing one or more of the Pledged Securities, (A) Aames Capital shall have (1) notified the Trustee in connection with the related securitization transaction of the pledge of the related Pledged Securities hereunder, and (2) instructed the Trustee to pay all amounts payable to the holders of the Pledged Securities to an account specified by the Lender, in the form of the instruction letter attached hereto as Exhibit K (the "Trustee Instruction Letter") and (B) the Trustee shall have acknowledged in writing the instructions set forth in clause (A) above, and a copy of the fully executed Trustee Instruction Letter shall be delivered to the Lender.

Appears in 2 contracts

Samples: Loan and Security Agreement (Aames Financial Corp/De), Loan and Security Agreement (Aames Financial Corp/De)

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Notification to Trustee. Concurrently with the delivery to Lender us of each certificate representing one or more shares of the Pledged SecuritiesSecurities pursuant to Section 2 above, (i) you shall have (A) Aames Capital shall have (1) notified the Trustee Trustee, in the form of the Instruction Letter attached hereto as EXHIBIT I, in connection with the related securitization transaction Pooling and Servicing Agreement, of the pledge of the related Pledged Securities hereunder, and (2B) instructed the Trustee to pay all amounts payable to the holders of the Pledged Securities to an account specified by the LenderCash Collateral Account, in the form of the instruction letter attached hereto as Exhibit K (the "Trustee Instruction Letter") and (Bii) the Trustee shall have acknowledged in writing the instructions set forth in clause (Ai) above, and a copy of the fully executed Trustee Instruction Letter Letter, shall be delivered to the Lenderus.

Appears in 2 contracts

Samples: Loan and Security Agreement (Firstplus Financial Group Inc), Loan and Security Agreement (Firstplus Financial Group Inc)

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