Common use of Notice to Bondholders if Default Occurs Clause in Contracts

Notice to Bondholders if Default Occurs. If a default occurs of which the Trustee is by subsection (h) of Section 1201 hereof required to take notice or if notice of default be given as in said subsection (h) provided, then within five (5) business days of obtaining knowledge of such default, the Trustee shall give written notice thereof by first class mail to the owners of all Bonds then outstanding shown by the Bond Register.

Notice to Bondholders if Default Occurs. If a default occurs of which the Trustee is by subsection (hhas, pursuant to Section 5.01(g) of Section 1201 hereof required to take notice or if notice of default be given as in said subsection (h) providedthis Indenture, notice, then within five (5) business days of obtaining knowledge of such default, the Trustee shall give written notice thereof by first class mail within three Business Days to the owners Letter of Credit Bank and to the holders of all Bonds then outstanding as shown by the Bond Registerregistration books maintained pursuant to Section 2.04 hereof.