Common use of Form of Prepayment Notice Clause in Contracts

Form of Prepayment Notice. Notice of prepayment under Section 10.1 shall be given by the Indenture Trustee by first-class mail, postage prepaid, or by facsimile mailed or transmitted promptly following receipt of notice from the Issuer or the Servicer pursuant to Section 10.1, but not later than three Business Days after it has received such notice, to each Noteholder as of the close of business on the Record Date preceding the applicable Prepayment Date, at such Noteholder's address or facsimile number appearing in the Note Register. All notices of prepayment shall state: (i) the Prepayment Date; (ii) the Prepayment Price; (iii) the place where such Notes are to be surrendered for payment of the Prepayment Price (which shall be the office or agency of the Issuer to be maintained as provided in Section 3.2); and (iv) that interest on the Outstanding Notes shall cease to accrue on and after the Prepayment Date. Notice of prepayment of the Notes shall be given by the Indenture Trustee in the name and at the expense of the Issuer. Failure to give notice of prepayment, or any defect therein, to any Noteholder shall not impair or affect the validity of the prepayment of any other Note.

Form of Prepayment Notice. Notice of prepayment under Section 10.1 shall be given by the Indenture Trustee by first-class mail, postage prepaid, or by facsimile mailed or transmitted promptly following receipt of notice from the Issuer or the Servicer pursuant to Section 10.1, but not later than three Business Days after it has received such notice, to the Swap Counterparty and to each Noteholder as of the close of business on the Record Date preceding the applicable Prepayment Date, at such Noteholder's ’s address or facsimile number appearing in the Note Register. All notices of prepayment shall state: (i) the Prepayment Date; (ii) the Prepayment Price; (iii) the place where such Notes are to be surrendered for payment of the Prepayment Price (which shall be the office or agency of the Issuer to be maintained as provided in Section 3.2); and (iv) that interest on the Outstanding Notes shall cease to accrue on and after the Prepayment Date. Notice of prepayment of the Notes shall be given by the Indenture Trustee in the name and at the expense of the Issuer. Failure to give notice of prepayment, or any defect therein, to any Noteholder shall not impair or affect the validity of the prepayment of any other Note.