NOTIFICATION TO BORROWERS Clause Samples

NOTIFICATION TO BORROWERS. 3.1 Prior to the occurrence of an Assignment Notification Event (as set out in Clause 3.2 below), neither the CBC nor the Security Trustee will give or require notification (i) to any Borrower of the assignment of the Mortgage Receivable to the CBC, (ii) to an insurance company of the assignment of the Beneficiary Rights to the CBC or (iii) to Stichting WEW of the assignment of the relevant Mortgage Receivables and the NHG Advance Rights relating thereto. 3.2 If, (a) a default is made by the Transferor in the payment on the due date of any amount due and payable by it under this Agreement or under any other Transaction Document to which it is a party and such failure is not remedied within ten (10) Business Days after notice thereof has been given by the CBC or the Security Trustee to the Transferor; or (b) the Transferor fails to duly perform or comply with any of its obligations under any Transaction Document to which it is a party and, if such failure is capable of being remedied, such failure is not remedied within ten (10) Business Days after notice thereof has been given by the CBC or the Security Trustee to the Transferor; or (c) the Transferor takes any corporate action or other steps are taken or legal proceedings are started or threatened against it (unless as a consequence of a merger) for its dissolution (ontbinding), liquidation (vereffening) or legal demerger (juridische splitsing) involving the Transferor or for its being converted in a foreign entity, or its assets are placed under administration (onder bewind gesteld); or (d) the Transferor takes any corporate action, or other steps are taken or legal proceedings are started or threatened against it, for (i) its suspension of payments (surseance van betaling), (ii) its bankruptcy (faillissement), (iii) any analogous insolvency proceedings under any applicable law or (iv) the appointment of a liquidator, administrator or a similar officer of it or of any or all of its assets; or (e) a Notice to Pay is served on the CBC; or (f) an Issuer Acceleration Notice is served on the Issuer; or (g) a CBC Event of Default has occurred, then, other than with respect to the Mortgage Receivables originated by Aegon Leven and Aegon Hypotheken, the Transferor shall, unless the Security Trustee instructs it otherwise, forthwith: i. notify or ensure that the relevant Borrowers and any other relevant parties indicated by the CBC and/or the Security Trustee are forthwith notified of the assignment of the releva...

NOTIFICATION TO BORROWERS. 9.1 If an Assignment Notification Event occurs, then the Originator shall, upon instruction of the CBC, unless otherwise instructed by the Security Trustee, forthwith: i. notify the Borrowers, Stichting WEW and any other relevant parties indicated by the CBC of the assignment of the CBC Receivables and the NHG Advance Rights and the pledge of the CBC Receivables or, at the option of the CBC, the CBC shall be entitled to make such notifications itself by sending a letter in the form agreed at such time between the Parties; and ii. if so requested by the CBC, forthwith make the appropriate entries in the Land Registry relating to the assignment of the CBC Receivables or, at the option of the CBC, the CBC shall make such entries itself, for which entries the Originator herewith grants an 50110000 Achmea Mortgage Label Platform Achmea Bank SB Master Purchase Agreement Execution copy irrevocable power of attorney to the CBC, to the extent required. 9.2 Only following an Assignment Notification Event, the CBC or the Security Trustee, as the case may be, shall be entitled to effect such notification to the Borrowers as set out in Clause 9.1(i) and entry as set out in Clause 9.1(ii). 9.3 Only following an Assignment Notification Event, the CBC shall be entitled to notify Stichting WEW and any other relevant party of the assignment of the NHG Advance Rights. 9.4 All costs relating to notification of the assignment as set out in this Clause 9 and all other requirements will be for the account of the CBC. 9.5 Upon notification to the Borrowers as provided for in this Clause 9, (i) the CBC shall in respect of the CBC Receivables not use the name "Achmea" and/or "Centraal Beheer Leef Hypotheek" without prior written approval of the Originator, unless the CBC refers to the "Achmea" and/or "Centraal Beheer Leef Hypotheek" for the sole purpose of identifying the Originator, or clarifying its role in relation to the assignment or pledge of the CBC Receivables after an Assignment Notification Event and not, for the avoidance of doubt, for any marketing or commercial purposes and (ii) the Security Trustee shall not use the name "Achmea" and/or "Centraal Beheer Leef Hypotheek", unless in case the Security Trustee makes a reference to the name "Achmea" and/or "Centraal Beheer Leef Hypotheek" and/or the Originator for the purpose of identifying the Originator, or clarifying that it is the pledgee of the CBC Receivables. 9.6 Subject to Clause 14, upon notification to the Borrowe...

NOTIFICATION TO BORROWERS. The parties hereto acknowledge and agree that each Student Loan Purchase Agreement provides that the Lender (in the case of FFELP Loans) or SLFC (in the case of Alternative Loans), as the case may be, which is a party thereto, and that each Transfer Agreement provides that GOAL Funding, shall, to the extent required by the Higher Education Act and the Guarantee Program regulations or the Alternative Loan Program, as appropriate, notify, or cause to be notified, each Borrower under each Financed Student Loan of the assignment and transfer to the Trustee (but for the account and on behalf of the Issuer) of the Lender's, SLFC's or GOAL Funding's interest in such Financed Student Loan and shall direct the Borrower to make all payments thereon directly to the Servicer until otherwise notified by the Trustee. To the extent permitted by the Higher Education Act and the Guarantee Program regulations or the Alternative Loan Program, as appropriate, the Servicer may, on behalf of the Issuer, waive this requirement of any Lender (in the case of FFELP Loans), SLFC (in the case of Alternative Loans) or GOAL Funding (in the case of Financed GOAL Funding Student Loans) if the notice is sent by the Servicer on behalf of such Lender, SLFC or GOAL Funding.

NOTIFICATION TO BORROWERS. The Lender and the Corporation agree that the Servicer and the Lender shall either jointly or separately notify each borrower under the Financed Eligible Loans of the assignment and transfer to the Trustee (but for the account and on behalf of the Corporation) of the Lender's interest in such Financed Eligible Loans and direct each borrower to make all payments thereon directly to the Servicer until otherwise notified by the Trustee. Such notice shall be in compliance with Section 428(b)(2)(F) of the Higher Education Act.

NOTIFICATION TO BORROWERS. Notwithstanding Clause 18.1(a) (Compliance with Data Protection Laws), the Servicer shall provide fair processing information, on behalf of the Servicer and the Controller Party, to all Data Subjects whose Personal Data is provided to Servicer and processed in performance of the Services.

NOTIFICATION TO BORROWERS. The Administrator shall take all steps necessary pursuant to the relevant Mortgage Conditions or applicable law to bring each change in the Standard Variable Rate and any other discretionary rate or margin applicable to the Mortgage Loans and any consequent changes in Monthly Payments to the attention of the relevant Borrowers and shall, as soon as reasonably practicable after any change in such rates, provide details of such changes to each of the Mortgages Trustee, the Security Trustee and the Beneficiaries, and shall, upon receipt of a request from any of such parties, notify such requesting party of any changes in the Monthly Payments in relation to the Mortgage Loans.

NOTIFICATION TO BORROWERS. 10 Section 8. Obligations To Forward Payments and Communications..........10 Section 9. Payment of Expenses and Taxes...............................11 Section 10. Indemnification.............................................11 Section 11. Special Provisions Relating to MPN Loans....................11 Section 12.

NOTIFICATION TO BORROWERS. The parties hereto acknowledge and agree that each Student Loan Purchase Agreement provides that the Lender which is a party thereto shall notify each Borrower under each Financed Student Loan of the assignment and transfer to the Trustee (but for the account and on behalf of the Issuer) of the Lender's interest in such Financed Student Loan and shall direct the Borrower to make all payments thereon directly to the Servicer until otherwise notified by the Trustee. To the extent permitted by the Higher Education Act and the Guarantee Program regulations, the Servicer may, on behalf of the Issuer, waive this requirement of any Lender if the notice is sent by the Servicer on behalf of such Lender.

NOTIFICATION TO BORROWERS. The Administrator shall take all steps necessary pursuant to the relevant Mortgage Conditions or applicable law to bring each change in the Standard Variable Rate and any consequent changes in Monthly Payments to the attention of the relevant Borrowers and shall, as soon as reasonably practicable after any change in the Standard Variable Rate, provide details of such change to each of the Mortgages Trustee, the Security Trustee and the Beneficiaries, and shall, upon receipt of a request from any of such parties, notify such requesting party of any changes in the Monthly Payments in relation to the Mortgage Loans.