Common use of Trustee to Give Notice of Default, But May Withhold in Certain Circumstances Clause in Contracts

Trustee to Give Notice of Default, But May Withhold in Certain Circumstances. The Trustee shall transmit to the Securityholders of any series, as the names and addresses of such Holders appear on the Security Register, notice by mail of all defaults that a Responsible Officer of the Trustee has actual knowledge of or with respect to which a Responsible Officer of the Trustee has received written notice which have occurred with respect to such series, such notice to be transmitted within 120 days after the occurrence thereof, unless such defaults shall have been cured before the giving of such notice (the term “default” or “defaults” for the purposes of this Section 6.11 being hereby defined to mean any event or condition which is, or with notice or lapse of time or both would become, an Event of Default); provided that, except in the case of default in the payment of the principal of, or premium, if any, or interest, if any, on, or any Additional Amounts with respect to, any of the Securities of such series, the Trustee shall be protected in withholding such notice if and so long as the board of directors, the executive committee or a trust committee of directors or Responsible Officers of the Trustee in good faith determines that the withholding of such notice is in the interests of the Securityholders of such series.

Trustee to Give Notice of Default, But May Withhold in Certain Circumstances. The Trustee shall transmit give to the Securityholders Holders of any series, as the names and addresses of such Holders appear on the Security Register, notice by mail of all defaults that actually known to a Responsible Officer of the Trustee has actual knowledge of or with respect to which a Responsible Officer of the Trustee has received written notice which have occurred with respect to such series, such notice to be transmitted within 120 30 days after a Responsible Officer of the occurrence Trustee has received written notice from the Issuer thereof or otherwise obtained actual knowledge thereof, unless such defaults shall have been cured before the giving of such notice (the term “default” or “defaults” for the purposes of this Section 6.11 section being hereby defined to mean any event or condition which is, or with notice or lapse of time or both would become, an Event of Default); provided that, except in the case of default in the payment of the principal ofof or interest on any of the Securities of such series, or premium, if any, in the payment of any sinking or interest, if any, on, or any Additional Amounts purchase fund installment with respect to, any of to the Securities of such series, the Trustee shall be protected in withholding such notice if and so long as the board of directors, the executive committee or a trust committee of directors or Responsible Officers of the Trustee in good faith determines determine that the withholding of such notice is in the interests of the Securityholders Holders of such series.

Trustee to Give Notice of Default, But May Withhold in Certain Circumstances. The Trustee shall transmit to the Securityholders Holders of any series, as the names and addresses of such Holders appear on the Security Register, notice by mail of all defaults that known to a Responsible Officer of the Trustee has actual knowledge of or with respect to which a Responsible Officer of the Trustee has received written notice which have occurred with respect to such series, such notice to be transmitted within 120 90 days after a Responsible Officer of the occurrence Trustee shall have knowledge thereof, as provided in Section 7.2(i), unless such defaults shall have been cured or waived before the giving of such notice (the term “default” or “defaults” for the purposes of this Section 6.11 being hereby defined to mean any event or condition which is, or with notice or lapse of time or both would become, an Event of Default); provided that, except in the case of default in the payment of the principal of, or premium, premium (if any, ) or interest, if any, interest on, or any Additional Amounts with respect to, any of the Securities of such series, the Trustee shall be protected in withholding such notice if and so long as the board of directors, the executive committee or a trust committee of directors or Responsible Officers of the Trustee in good faith determines that the withholding of such notice is in the interests of the Securityholders Holders of such series.