Notice of Servicer Default. The Servicer shall deliver to the Issuer, the Trustee and each Rating Agency promptly after having obtained knowledge thereof, but in no event later than five Business Days thereafter, written notice in an Officer's Certificate of any event or circumstance which, with the giving of notice or the passage of time, would become a Servicer Default under Section 6.01. Such notice shall also be given by publication in an Authorized Newspaper, so long as any Securitization Bonds are listed on the Luxembourg Stock Exchange and the rules of that exchange so require.
Appears in 3 contracts
Sources: Servicing Agreement (Consumers Energy Co Financing V), Servicing Agreement (Consumers Funding LLC), Servicing Agreement (Consumers Funding LLC)
Notice of Servicer Default. The Servicer shall deliver to the Issuer, the Trustee and each Rating Agency promptly after having obtained knowledge thereof, but in no event later than five Business Days thereafter, written notice in an Officer's Officers' Certificate of any event or circumstance which, with the giving of notice or the passage of timetime or both, would become a Servicer Default under Section 6.01. Such If any Outstanding Transition Bonds are listed on the Luxembourg Stock Exchange, such notice shall also be given by publication in an Authorized Newspapera daily newspaper in Luxembourg, so long as any Securitization Bonds are listed on if the rules of the Luxembourg Stock Exchange and the rules of that exchange so require.
Appears in 2 contracts
Sources: Servicing Agreement (Jcp&l Transition Funding LLC), Servicing Agreement (Jcp&l Transition Funding LLC)
Notice of Servicer Default. The Servicer shall deliver to the Issuer, the Trustee and each Rating Agency promptly after having obtained knowledge thereof, but in no event later than five Business Days thereafter, written notice in an Officer's a Servicer Officers’ Certificate of any event or circumstance which, with the giving of notice or the passage of timetime or both, would become a Servicer Default under Section 6.01. Such If any Outstanding Transition Bonds are listed on the Luxembourg Stock Exchange, such notice shall also be given by publication in an Authorized Newspapera daily newspaper in Luxembourg, so long as any Securitization Bonds are listed on if the rules of the Luxembourg Stock Exchange and the rules of that exchange so require.
Appears in 2 contracts
Sources: Servicing Agreement (JCP&L Transition Funding II LLC), Servicing Agreement (JCP&L Transition Funding II LLC)
Notice of Servicer Default. The Servicer shall deliver to the Issuer, the Trustee and each Rating Agency promptly after having obtained knowledge thereof, but in no event later than five Business Days thereafter, written notice in an Officer's ’s Certificate of any event or circumstance which, with the giving of notice or the passage of time, would become a Servicer Default under Section 6.01. Such notice shall also be given by publication in an Authorized Newspaper, so long as any Securitization Bonds are listed on the Luxembourg Stock Exchange and the rules of that exchange so require.
Appears in 2 contracts
Sources: Intercreditor Agreement (Consumers Energy Co), Intercreditor Agreement (Consumers Energy Co)
Notice of Servicer Default. The Servicer shall deliver to the Issuer, the Trustee and each Rating Agency promptly after having obtained knowledge thereof, but in no event later than five Business Days thereafter, written notice in an Officer's Officers' Certificate of any event or circumstance which, (such as a breach of any representation or warranty made by the Servicer in this Agreement) which would with the giving of notice or the passage of time, would time or both become a Servicer Default under Section 6.01. Such If any Outstanding Transition Bonds are listed on the Luxembourg Stock Exchange, such notice shall also be given by publication in an Authorized Newspaper, so long as any Securitization Bonds are listed on a daily newspaper in Luxembourg if the rules of the Luxembourg Stock Exchange and the rules of that exchange so require.
Appears in 1 contract
Sources: Bondable Transition Property Servicing Agreement (Atlantic City Electric Transition Funding LLC)