Common use of Notification to Holders Clause in Contracts

Notification to Holders. Upon any notice of a Servicer Termination Event or upon any termination of, or appointment of a successor to, Servicer pursuant to this Article VIII, Trustee shall give prompt written notice thereof to Holders at their respective addresses of record, and to each Rating Agency.

Appears in 16 contracts

Sources: Pooling and Servicing Agreement (Usaa Acceptance LLC), Pooling and Servicing Agreement (Volkswagen Auto Lease/Loan Underwritten Funding, LLC), Pooling and Servicing Agreement (Citizens Auto Receivables, LLC)

Notification to Holders. Upon any notice resignation or removal of a Servicer Termination Event or upon and any termination of, or appointment of a successor toServicer, Servicer pursuant to this Article VIII, the Trustee shall give prompt written notice thereof to Holders each Holder at their its respective addresses of record, and to each Rating Agencyaddress appearing in the Certificate Register.

Appears in 1 contract

Sources: Trust Agreement (Municipal Mortgage & Equity LLC)