Common use of Prior Notice with Respect to Certain Matters Clause in Contracts

Prior Notice with Respect to Certain Matters. With respect to the following matters, the Eligible Lender Trustee shall not take action and neither the holder of the Trust Certificate nor the Securities Insurer shall direct the Eligible Lender Trustee to take any action, unless (i) (with respect to any action affecting the Group II Insured Notes and so long as no Securities Insurer Default has occurred and is continuing) the Securities Insurer (except with respect to those actions set forth in paragraph (e) below) has provided its written consent, and (ii) at least 30 days before the taking of such action, the Eligible Lender Trustee shall have notified the holder of the Trust Certificate and the Securities Insurer in writing of the proposed action and neither the holder of the Trust Certificate nor (except with respect to those actions set forth in paragraph (e) below) the Securities Insurer (with respect to any action affecting the Group II Insured Notes) shall have notified the Eligible Lender Trustee in writing prior to the 30th day after such notice is given that the Securities Insurer (with respect to any action affecting the Group II Notes) or the holder of the Trust Certificate has withheld consent or provided alternative direction:

Prior Notice with Respect to Certain Matters. With respect to the following matters, the Eligible Lender Trustee shall not take action and neither the holder of the Trust Certificate nor the Securities Insurer shall direct the Eligible Lender Trustee to take any action, unless (i) (with respect to any action affecting the Group II Insured Notes and so long as no Securities Insurer Default has occurred and is continuing) the Securities Insurer (except with respect to those actions set forth in paragraph (e) below) has provided its written consent, and (ii) at least 30 days before the taking of such action, the Eligible Lender Trustee shall have notified the holder of the Trust Certificate and the Securities Insurer in writing of the proposed action and neither the holder of the Trust Certificate nor (except with respect to those actions set forth in paragraph (e) below) the Securities Insurer (with respect to any action affecting the Group II Insured Notes) shall have notified the Eligible Lender Trustee in writing prior to the 30th day after such notice is given that the Securities Insurer (with respect to any action affecting the Group II Notes) or the holder of the Trust Certificate has withheld consent or provided alternative direction: