Common use of Notice of Event of Default Clause in Contracts

Notice of Event of Default. If an Event of Default shall occur and be continuing, and if such Event of Default is known to a Responsible Officer of the Indenture Trustee, then the Indenture Trustee shall give notice thereof to the Enhancer. The Indenture Trustee shall mail to each Noteholder notice of such Event of Default within 90 days after it occurs. Except in the case of an Event of Default with respect to the payment of principal of or interest on any Note, the Indenture Trustee may withhold such notice if and so long as a committee of its Responsible Officers in good faith determines that withholding such notice is in the interests of the Noteholders.

Appears in 20 contracts

Sources: Indenture (Wachovia Asset Securitization Inc 2002 He2 Trust), Indenture (Wachovia Asset Sec Inc Asst Back Notes Ser 2002 He1), Indenture (Residential Asset Mortgage Products Inc)

Notice of Event of Default. If an Event of Default shall occur and be continuing, and if such Event of Default is known to a Responsible Officer of the Indenture Trustee, then the Indenture Trustee shall give prompt notice thereof to the Enhancer. The Indenture Trustee shall mail to each Noteholder notice of such Event of Default within 90 days after it occurs. Except in the case of an Event of Default with respect to the payment of principal of or interest on any Note, the Indenture Trustee may withhold such notice if and so long as a committee of its Responsible Officers in good faith determines that withholding such notice is in the interests of the Noteholders.

Appears in 13 contracts

Sources: Indenture (GMACM Home Equity Loan Trust 2007-He1), Indenture (GMACM Home Equity Loan Trust 2006-He3), Indenture (GMACM Home Equity Loan Trust 2006-He1)

Notice of Event of Default. If an Event of Default shall occur and be continuing, and if such Event of Default is known to a Responsible Officer of the Indenture Trustee, then the Indenture Trustee shall give notice thereof to the Credit Enhancer. The Indenture Trustee shall mail to each Noteholder notice of such Event of Default within 90 days after it occurs. Except in the case of an Event of Default with respect to the payment of principal of or interest on any Note, the Indenture Trustee may withhold such notice if and so long as a committee of its Responsible Officers in good faith determines that withholding such notice is in the interests of the Noteholders.

Appears in 9 contracts

Sources: Indenture (GMACM Home Loan Trust 2006-Hltv1), Indenture (Residential Asset Mortgage Products Inc), Indenture (Residential Asset Mortgage Products Inc)

Notice of Event of Default. If an Event of Default shall occur and be continuing, and if such Event of Default is known to a Responsible Officer of the Indenture Trustee, then the Indenture Trustee shall give notice thereof to the Enhancer. The Indenture Trustee shall mail to each Noteholder notice of such Event of Default within 90 days after it occurs. Except in the case of an Event of Default with respect to the payment of principal of or interest on any Note, the Indenture Trustee may withhold such notice if and so long as a committee of its Responsible Officers in good faith determines that withholding such notice is in the interests of the Noteholders.

Appears in 5 contracts

Sources: Indenture (Residential Asset Mortgage Products Inc), Indenture (Residential Asset Mortgage Prod Inc Gmacm Mor Ln Tr 2003-Gh1), Indenture (GMACM Mortgage Loan Trust 2004-Gh1)

Notice of Event of Default. If an Event of Default shall occur and be continuing, and if such Event of Default is known to a Responsible Officer of the Indenture Trustee, then the Indenture Trustee shall give notice thereof to the Enhancer. The Indenture Trustee shall mail to each Noteholder notice of such Event of Default within 90 days after it occurs. Except in the case of an Event of Default with respect to the payment of principal of or interest on any Note, the Indenture Trustee may withhold such notice if and so long as a committee of its Responsible Officers in good faith determines that withholding such notice is in the interests of the Noteholders.

Appears in 3 contracts

Sources: Indenture (Phoenix Residential Securities, LLC), Indenture (Phoenix Residential Securities, LLC), Indenture (GMACM Home Equity Loan Trust 2007-He3)

Notice of Event of Default. If an Event of Default shall occur -------------------------- occurs and be continuing, is continuing and if such Event of Default it is known to a Responsible Officer of the Indenture Trustee, then (the Indenture Trustee shall give notice thereof to the Credit Enhancer. .) The Indenture Trustee shall mail to each Noteholder notice of such the Event of Default within 90 days after it occurs. Except in the case of an Event of Default with respect to the in payment of principal of or interest on any Note, the Indenture Trustee may withhold such the notice if and so long as a committee of its Responsible Officers in good faith determines that withholding such the notice is in the interests of the Noteholders.

Appears in 2 contracts

Sources: Indenture (Provident Bank), Indenture (Indymac Abs Inc)

Notice of Event of Default. If an Event of Default shall occur occurs and be continuing, is -------------------------- continuing and if such Event of Default it is known to a Responsible Officer of the Indenture Trustee, then the Indenture Trustee shall give notice thereof to the EnhancerNote Insurer. The Indenture Trustee shall mail to each Noteholder and the Owner Trustee notice of such the Event of Default within 90 days after it occurs. Except in the case of an Event of Default with respect to the in payment of principal of or interest on any Note, the Indenture Trustee may withhold such the notice if and so long as a committee of its Responsible Officers in good faith determines that withholding such the notice is in the interests of the Noteholders.

Appears in 1 contract

Sources: Indenture (Thornburg Mortgage Asset Corp)

Notice of Event of Default. If an Event of Default shall occur -------------------------- occurs and be continuing, is continuing and if such Event of Default it is known to a Responsible Officer of the Indenture Trustee, then the Indenture Trustee shall give notice thereof to each Noteholder (and the Credit Enhancer). The Indenture Trustee shall mail to each Noteholder such notice of such the Event of Default within 90 days after it occurs. Except in the case of an Event of Default with respect to the in payment of principal of or interest on any Note, the Indenture Trustee may withhold such the notice if and so long as a committee of its Responsible Officers in good faith determines that withholding such the notice is in the interests of the Noteholders.

Appears in 1 contract

Sources: Indenture (Merrill Lynch Mortgage Investors Inc)

Notice of Event of Default. If an Event of Default shall occur occurs and be continuing, is continuing and if such Event of Default it is known to a Responsible Officer of the Indenture Trustee, then the Indenture Trustee shall give notice thereof to the Credit Enhancer. The Indenture Trustee shall mail to each Noteholder and the Owner Trustee notice of such the Event of Default within 90 days after it occurs. Except in the case of an Event of Default with respect to the in payment of principal of or interest on any Note, the Indenture Trustee may withhold such the notice if and so long as a committee of its Responsible Officers in good faith determines that withholding such the notice is in the interests of the Noteholders.

Appears in 1 contract

Sources: Indenture (Ucfc Acceptance Corp)

Notice of Event of Default. If an Event of Default shall occur occurs and be continuing, is continuing and if such Event of Default it is known to a Responsible Officer of the Indenture Trustee, then the Indenture Trustee shall give notice thereof to each Noteholder [and the Credit Enhancer]. The Indenture Trustee shall mail to each Noteholder such notice of such the Event of Default within 90 ___ days after it occurs. Except in the case of an Event of Default with respect to the in payment of principal of or interest on any Note, the Indenture Trustee may withhold such the notice if and so long as a committee of its Responsible Officers in good faith determines that withholding such the notice is in the interests of the Noteholders.

Appears in 1 contract

Sources: Indenture (Beneficial Mortgage Services Inc)