Common use of Special Notices to the Rating Agencies Clause in Contracts

Special Notices to the Rating Agencies. (a) The Depositor shall give prompt notice to the Rating Agencies of the occurrence of any of the following events of which it has notice: (i) any amendment to this Agreement pursuant to Section 10.03; (ii) the making of a final payment pursuant to Section 7.02; and (iii) any termination of the rights and obligations of the Servicer under the applicable Servicing Agreement. (b) All notices to the Rating Agencies provided for this Section 10.12 shall be in writing and sent by first class mail, telecopy or overnight courier, to the address specified therefor in the definition corresponding to the name of such Rating Agency. (c) The Trustee shall provide or make available to the Rating Agencies reports prepared pursuant to Section 4.04. In addition, the Trustee shall, at the expense of the Trust Fund, make available to each Rating Agency such information as such Rating Agency may reasonably request regarding the Certificates or the Trust Fund, to the extent that such information is reasonably available to the Trustee. (d) The Depositor hereby represents to S&P that, to the Depositor’s knowledge, the information provided to such Rating Agency, including the loan level detail, is true and correct according to such Rating Agency’s requirements.