Common use of Retraction of Notice Clause in Contracts

Retraction of Notice. The Institutional Investors and the Trustee agree that, as of the Approval Date, any notice that may have been contained in the letters sent by and on behalf of certain of the Institutional Investors on June 17, 2010, October 18, 2010, and November 12, 2010 and addressed to the Trustee and/or the Master Servicer, as well as any notice that may have been contained in a letter deemed to have been provided under the Forbearance Agreement and its extensions (the “Letters”), is and shall be rendered null and void. The Letters themselves shall thereafter be rendered inoperative, as if never sent, and shall be deemed for all purposes to be withdrawn with prejudice. By separate letter previously provided to the Trustee, Bank of America, and Countrywide, Xxxxxxx Mac has confirmed that it agrees to the retraction of the notice upon the Approval Date.

Appears in 3 contracts

Samples: Institutional Investor Agreement (Bank of America Corp /De/), Institutional Investor Agreement, Institutional Investor Agreement

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Retraction of Notice. The Institutional Investors and the Trustee agree that, as of the Approval Date, any notice that may have been contained in the letters sent by and on behalf of certain of the Institutional Investors on June 17, 2010, October 18, 2010, and November 12, 2010 and addressed to the Trustee and/or the Master Servicer, as well as any notice that may have been contained in a letter deemed to have been provided under the Forbearance Agreement and its extensions (the “Letters”), is and shall be rendered null and void. The Letters themselves shall thereafter be rendered inoperative, as if never sent, and shall be deemed for all purposes to be withdrawn with prejudice. By separate letter previously provided to the Trustee, Bank of America, and Countrywide, Xxxxxxx Freddie Mac has confirmed that it agrees to the retraction of the notice upon the Approval Date.

Appears in 2 contracts

Samples: Institutional Investor Agreement, Institutional Investor Agreement

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