Common use of The Indenture Trustee To Notify Note Insurer of Proposed Changes Clause in Contracts

The Indenture Trustee To Notify Note Insurer of Proposed Changes. The Note Insurer shall, except as otherwise provided herein, have the right of prior approval of certain changes hereof and of the exercise of any option, vote, right, power or the like available to Class A Noteholders hereunder. The Indenture Trustee shall immediately notify the Note Insurer of: (a) any proposed supplement hereto; (b) upon receipt of notice of or discovery of the occurrence of any Event of Default, Event of Insolvency or Event of Servicing Default; (c) any resignation of the Indenture Trustee hereunder; (d) any matter to be put to the Class A Noteholders for election or consent hereunder; (e) the exercise by the Class A Noteholders of any option, vote, right, power or the like hereunder; and (f) any other matter, notice of which is required hereunder to be given to any of the Class A Noteholders.

The Indenture Trustee To Notify Note Insurer of Proposed Changes. The Note Insurer shall, except as otherwise provided herein, have the right of prior approval of certain changes hereof and of the exercise of any option, vote, right, power or the like available to Class A Noteholders hereunder. The Indenture Trustee shall immediately notify the Note Insurer of: (a) any proposed supplement hereto; (b) upon receipt of notice of or discovery of the occurrence of any Event of Default, Event of Insolvency Default or Event of Servicing Default; (c) any resignation of the Indenture Trustee hereunder; (d) any matter to be put to the Class A Noteholders for election or consent hereunder; (e) the exercise by the Class A Noteholders of any option, vote, right, power or the like hereunder; and (f) any other matter, notice of which is required hereunder to be given to any of the Class A Noteholders.

The Indenture Trustee To Notify Note Insurer of Proposed Changes. The Note Insurer shall, except as otherwise provided herein, have the right of prior approval of 108 certain changes hereof and of the exercise of any option, vote, right, power or the like available to Class A Noteholders hereunder. The Indenture Trustee shall immediately notify the Note Insurer of: (a) any proposed supplement hereto; (b) upon receipt of notice of or discovery of the occurrence of any Event of Default, Event of Insolvency or Event of Servicing Default; (c) any resignation of the Indenture Trustee hereunder; (d) any matter to be put to the Class A Noteholders for election or consent hereunder; (e) the exercise by the Class A Noteholders of any option, vote, right, power or the like hereunder; and (f) any other matter, notice of which is required hereunder to be given to any of the Class A Noteholders.