Common use of The Designated Depository Institution Clause in Contracts

The Designated Depository Institution. The Servicer shall give the Sponsor, the Trustee and the Certificate Insurer (a) at least thirty days' prior written notice of any anticipated change of the Designated Depository Institution at which any Account is maintained and (b) written notice of any change in the ratings of such Designated Depository Institution of which the Servicer is aware, within two Business Days after discovery.

Appears in 4 contracts

Samples: Pooling and Servicing Agreement (Equivantage Acceptance Corp), Pooling and Servicing Agreement (Equivantage Acceptance Corp), Pooling and Servicing Agreement (Equivantage Acceptance Corp)

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The Designated Depository Institution. The Master Servicer shall give the SponsorSeller, the Transferor, the Trustee and the Certificate Insurer (a) at least thirty days' prior written notice of any anticipated change of the Designated Depository Institution at which any the Principal and Interest Account is maintained and (b) written notice of any change in the ratings of such Designated Depository Institution of which the Master Servicer is aware, within two Business Days after discovery.

Appears in 4 contracts

Samples: Pooling and Servicing Agreement (Access Financial Lending Corp), Pooling and Servicing Agreement (Access Financial Lending Corp), Pooling and Servicing Agreement (Access Financial Lending Corp)

The Designated Depository Institution. The Servicer shall give the Sponsor, Unaffiliated Seller and the Trustee and the Certificate Insurer (a) at least thirty days' prior written notice of any anticipated change of the Designated Depository Institution at which any Account is maintained and (b) written notice of any change in the ratings of such Designated Depository Institution of which the Servicer is aware, within two Business Days after discovery.

Appears in 2 contracts

Samples: Pooling and Servicing Agreement (Prudential Securities Secured Financing Corp), Pooling and Servicing Agreement (Prudential Securities Secured Financing Corp)

The Designated Depository Institution. The Servicer shall give the SponsorDepositor, the Indenture Trustee, the Owner Trustee and the Certificate Insurer Credit Enhancer (a) at least thirty days' prior written notice of any anticipated change of the Designated Depository Institution at which any Account is maintained and (b) written notice of any change in the ratings of such the Designated Depository Institution of which the Servicer is aware, within two Business Days after discovery.

Appears in 1 contract

Samples: Sale and Servicing Agreement (Ucfc Acceptance Corp)

The Designated Depository Institution. The Master Servicer shall give the SponsorDepositor, the Trustee and the Certificate Insurer (a) at least thirty days' prior written notice of any anticipated change of the Designated Depository Institution at which any the Principal and Interest Account is maintained and (b) written notice of any change in the ratings of such Designated Depository Institution of which the Master Servicer is aware, within two Business Days after discovery.

Appears in 1 contract

Samples: Pooling and Servicing Agreement (Home Equity Securitization Corp)

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The Designated Depository Institution. The Servicer shall give the Sponsor, the Trustee and the Certificate Insurer (a) at least thirty days' prior written notice of any anticipated change of the Designated Depository Institution at which any Account is maintained and (b) written notice of any change in the ratings of such Designated Depository Institution of which the Servicer is aware, within two Business Days after discovery.. 101

Appears in 1 contract

Samples: Pooling and Servicing Agreement (Equivantage Acceptance Corp)

The Designated Depository Institution. The Servicer shall give the SponsorUnaffiliated Seller, the Trustee and the Certificate Insurer (a) at least thirty days' prior written notice of any anticipated change of the Designated Depository Institution at which any Account is maintained and (b) written notice of any change in the ratings of such Designated Depository Institution of which the Servicer is aware, within two Business Days after discovery.

Appears in 1 contract

Samples: Pooling and Servicing Agreement (Prudential Securities Secured Financing Corp)

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