Common use of Notice of Events of Default and Servicer Replacement Event Clause in Contracts

Notice of Events of Default and Servicer Replacement Event. The Grantor Trust Trustee shall promptly give notice to each Certificateholder of any (a) Default or Event of Default of which it has been provided notice pursuant to Section 6.5 of the Indenture and (b) Servicer Replacement Event of which it has been provided notice pursuant to Section 6.1 of the Servicing Agreement.

Appears in 1 contract

Sources: Trust Agreement

Notice of Events of Default and Servicer Replacement Event. The Grantor Trust Trustee shall promptly give notice to each Certificateholder of any (a) Default or Event of Default of which it has been provided notice pursuant to Section 6.5 of the Indenture and (b) Servicer Replacement Event of which it has been provided notice pursuant to Section 6.1 of the Servicing Agreement.Agreement.β€Œ

Appears in 1 contract

Sources: Trust Agreement