Common use of Form of Refinancing Notice Clause in Contracts

Form of Refinancing Notice. Notice of a Refinancing will be given by the Issuer or the Servicer to the Trustee, the Owner Trustee, the Class A-2 Agent and the Rating Agencies not less than ten Business Days prior to the proposed Refinancing Date. The Issuer or the Servicer will have the option to withdraw any notice of Refinancing at any time prior to the scheduled Refinancing Date by providing written notice to the Trustee, the Servicer, the Owner Trustee, the Class A-2 Agent and the Rating Agencies by no later than the second Business Day preceding such Refinancing Date. A withdrawal of such notice of Refinancing or the inability of the Issuer to complete Refinancing of the Offered Notes and the Class E Notes will not constitute an Event of Default.

Form of Refinancing Notice. Notice of a Refinancing will be given by the Issuer or the Servicer to the Trustee, the Owner Trustee, the Class A-2 Agent and the Rating Agencies not less than ten Business Days prior to the proposed Refinancing Date. The Issuer or the Servicer will have the option to withdraw any notice of Refinancing at any time prior to the scheduled Refinancing Date by providing written notice to the Trustee, the Servicer, the Owner Trustee, the Class A-2 Agent and the Rating Agencies by no later than the second Business Day preceding such Refinancing DateAgencies. A withdrawal of such notice of Refinancing or the inability of the Issuer to complete Refinancing of the Offered Notes and the Class E Notes will not constitute an Event of Default.