Common use of Rights of the Credit Enhancer Clause in Contracts

Rights of the Credit Enhancer. (a) Before taking any of the actions specified in Section 4.01(a), the Owner Trustee shall give the Credit Enhancer written notice at the same time that notice is given to the Certificateholders. (b) Before taking any of the actions specified in Section 4.01(b), the Owner Trustee shall give the Credit Enhancer written notice of the proposed action. (c) Upon the occurrence of an event described in Section 6.03(c), the Owner Trustee shall give the Credit Enhancer written notice at the same time that notice is given to the Certificateholders. (d) Any successor Owner Trustee appointed by the Administrator pursuant to Section 10.01 shall be appointed only with the prior written consent of the Credit Enhancer. (e) The Owner Trustee shall mail notice of any merger or consolidation or other action described in Section 10.03 to the Credit Enhancer. (f) Any co-trustee or separate trustee appointed pursuant to Section 10.04 shall be appointed only with the prior written consent of the Credit Enhancer. (g) Promptly after the execution of any amendment or consent, the Owner Trustee shall furnish a copy of the amendment or consent to the Credit Enhancer.

Rights of the Credit Enhancer. (a) Before taking any of the actions specified in Section 4.01(a), the Owner Trustee shall give the Credit Enhancer written notice at the same time that notice is given to the Certificateholders. (b) Before taking any of the actions specified in Section 4.01(b), the Owner Trustee shall give the Credit Enhancer written notice of the proposed action. (c) Upon the occurrence of an event described in Section 6.03(c), the Owner Trustee shall give the Credit Enhancer written notice at the same time that notice is given to the Certificateholders. (d) Any successor Owner Trustee appointed by the Administrator pursuant to Section 10.01 shall be appointed only with the prior written consent of the Credit Enhancer. (e) The Owner Trustee shall mail notice of any merger or consolidation or other action described in Section 10.03 to the Credit Enhancer. (f) Any co-trustee or separate trustee appointed pursuant to Section 10.04 shall be appointed only with the prior written consent of the Credit Enhancer. (g) . Promptly after the execution of any amendment or consent, the Owner Trustee shall furnish a copy of the amendment or consent to the Credit Enhancer.

Rights of the Credit Enhancer. (a) Before taking any of the actions specified in Section 4.01(a), the Owner Trustee shall give the Credit Enhancer written notice at the same time that notice is given to the Certificateholders. (b) Before taking any of the actions specified in Section 4.01(b), the Owner Trustee shall give the Credit Enhancer written notice of the proposed action. (c) Upon the occurrence of an event described in Section 6.03(c), the Owner Trustee shall give the Credit Enhancer written notice at the same time that notice is given to the Certificateholders. (d) Any successor Owner Trustee appointed by the Administrator pursuant to Section 10.01 shall be appointed only with the prior written consent of the Credit Enhancer. (e) The Owner Trustee shall mail notice of any merger or consolidation or other action described in Section 10.03 to the Credit Enhancer. (f) Any co-co trustee or separate trustee appointed pursuant to Section 10.04 shall be appointed only with the prior written consent of the Credit Enhancer. (g) . Promptly after the execution of any amendment or consent, the Owner Trustee shall furnish a copy of the amendment or consent to the Credit Enhancer.