Common use of Notification to Holders Clause in Contracts

Notification to Holders. Upon termination of the Master Servicer or appointment of a successor to the Master Servicer, in each case as provided herein, the Securities Administrator shall promptly mail notice thereof by first class mail to the Trustee and the Certificateholders at their respective addresses appearing on the Certificate Register, any NIMS Insurer, the Swap Counterparty and the Cap Counterparty. The Securities Administrator shall also, within 45 days after the occurrence of any Event of Default known to a Responsible Officer of the Securities Administrator, give written notice thereof to the Trustee, any NIMS Insurer and the Certificateholders, unless such Event of Default shall have been cured or waived prior to the issuance of such notice and within such 45-day period.

Appears in 3 contracts

Sources: Trust Agreement (Sasco 2006-Bc4), Trust Agreement (Sasco 2006-Bc3), Trust Agreement (Structured Asset Securities CORP Mortgage Loan Trust 2006-Bc5)

Notification to Holders. Upon termination of the Master Servicer or appointment of a successor to the Master Servicer, in each case as provided herein, the Securities Administrator Trustee shall promptly mail notice thereof by first class mail to the Trustee Securities Administrator, the Certificate Insurer and the Certificateholders at their respective addresses appearing on the Certificate Register, any NIMS Insurer, Insurer and the Swap Counterparty and the Cap Counterparty. The Securities Administrator Trustee shall also, within 45 days after the occurrence of any Event of Default known to a Responsible Officer of the Securities AdministratorTrustee, give written notice thereof to the TrusteeSecurities Administrator, any NIMS Insurer and the Certificateholders, unless such Event of Default shall have been cured or waived prior to the issuance of such notice and within such 45-day period.

Appears in 2 contracts

Sources: Trust Agreement (Structured Asset Investment Loan Trust 2005-5), Trust Agreement (Structured Asset Investment Loan Trust 2005-5)

Notification to Holders. Upon termination of the Master Servicer or appointment of a successor to the Master Servicer, in each case as provided herein, the Securities Administrator Trustee shall promptly mail notice thereof by first class mail to the Trustee and Securities Administrator, the Certificate Insurer, the Certificateholders at their respective addresses appearing on the Certificate Register, Register and any NIMS Insurer, the Swap Counterparty and the Cap Counterparty. The Securities Administrator Trustee shall also, within 45 days after the occurrence of any Event of Default known to a Responsible Officer of the Securities AdministratorTrustee, give written notice thereof to the TrusteeSecurities Administrator, any NIMS Insurer and the Certificateholders, unless such Event of Default shall have been cured or waived prior to the issuance of such notice and within such 45-45 day period.

Appears in 2 contracts

Sources: Trust Agreement (Structured Asset Sec Corp Mort Pas THR Certs Ser 2003 Bc10), Trust Agreement (Structured Asset Sec Corp Mort Pas THR Certs Ser 2003 Bc8)

Notification to Holders. Upon termination of the Master Servicer or appointment of a successor to the Master Servicer, in each case as provided herein, the Securities Administrator Trustee shall promptly mail notice thereof by first class mail to the Trustee and the Certificateholders at their respective addresses appearing on the Certificate Register, any NIMS Insurer, the Certificate Insurer, the Group 1 Swap Counterparty, the Group 1 Cap Counterparty, the Balance Guaranteed Cap Counterparty and the Group 2 Cap Counterparty. The Securities Administrator Trustee shall also, within 45 days after the occurrence of any Event of Default known to a Responsible Officer of the Securities AdministratorTrustee, give written notice thereof to the Trustee, any NIMS Insurer and the Certificateholders, unless such Event of Default shall have been cured or waived prior to the issuance of such notice and within such 45-day period.

Appears in 2 contracts

Sources: Trust Agreement (Lehman XS Trust 2007-10h), Trust Agreement (Lehman XS Trust 2007-10h)

Notification to Holders. Upon termination of the Master Servicer or appointment of a successor to the Master Servicer, in each case as provided herein, the Securities Administrator Trustee shall promptly mail notice thereof by first class mail to the Trustee and the Certificateholders at their respective addresses appearing on the Certificate Register, any NIMS Insurer, the Swap Certificate Insurer, the Cap Counterparty and the Cap Swap Counterparty. The Securities Administrator Trustee shall also, within 45 days after the occurrence of any Event of Default known to a Responsible Officer of the Securities AdministratorTrustee, give written notice thereof to the Trustee, any NIMS Insurer and the Certificateholders, unless such Event of Default shall have been cured or waived prior to the issuance of such notice and within such 45-day period.

Appears in 1 contract

Sources: Trust Agreement (Lehman XS Trust 2007-14h)

Notification to Holders. Upon termination of the Master Servicer or appointment of a successor to the Master Servicer, in each case as provided herein, the Securities Administrator Trustee shall promptly mail notice thereof by first class mail to the Trustee and the Certificateholders at their respective addresses appearing on the Certificate Register, any NIMS Insurer, the Swap Counterparty, the Group 1 Cap Counterparty and the Group 2 Cap Counterparty. The Securities Administrator Trustee shall also, within 45 days after the occurrence of any Event of Default known to a Responsible Officer of the Securities AdministratorTrustee, give written notice thereof to the Trustee, any NIMS Insurer and the Certificateholders, unless such Event of Default shall have been cured or waived prior to the issuance of such notice and within such 45-day period.

Appears in 1 contract

Sources: Trust Agreement (Lehman XS Trust 2007-9)

Notification to Holders. Upon termination of the Master Servicer or appointment of a successor to the Master Servicer, in each case as provided herein, the Securities Administrator Trustee shall promptly mail notice thereof by first class mail to the Trustee and Securities Administrator, the Certificateholders at their respective addresses appearing on the Certificate Register, Register and any NIMS Insurer, the Swap Counterparty and the Cap Counterparty. The Securities Administrator Trustee shall also, within 45 days after the occurrence of any Event of Default known to a Responsible Officer of the Securities AdministratorTrustee, give written notice thereof to the TrusteeSecurities Administrator, any NIMS Insurer and the CertificateholdersCertificateholders and any NIMS Insurer, unless such Event of Default shall have been cured or waived prior to the issuance of such notice and within such 45-45 day period.

Appears in 1 contract

Sources: Trust Agreement (Structured Asset Investment Loan Trust 2003-Bc2)

Notification to Holders. Upon termination of the Master Servicer or appointment of a successor to the Master Servicer, in each case as provided herein, the Securities Administrator Trustee shall promptly mail notice thereof by first class mail to the Trustee Certificate Insurer and to the Certificateholders at their respective addresses appearing on the Certificate Register, any NIMS Insurer, the Swap Counterparty and any NIMS Insurer (or the Cap CounterpartyCertificate Insurer in the event that there is no NIMS Insurer). The Securities Administrator Trustee shall also, within 45 days after the occurrence of any Event of Default known to a Responsible Officer of the Securities AdministratorTrustee, give written notice thereof to the Trustee, any NIMS Insurer (or the Certificate Insurer in the event that there is no NIMS Insurer) and the Certificateholders, unless such Event of Default shall have been cured or waived prior to the issuance of such notice and within such 45-45 day period.

Appears in 1 contract

Sources: Trust Agreement (Lehman XS Trust Series 2007-16n)

Notification to Holders. Upon termination of the Master Servicer or appointment of a successor to the Master Servicer, in each case as provided herein, the Securities Administrator Trustee shall promptly mail notice thereof by first class mail to the Trustee and Securities Administrator, the Certificate Insurer, the Certificateholders at their respective addresses appearing on the Certificate Register, Register and any NIMS Insurer, the Swap Counterparty and the Cap Counterparty. The Securities Administrator Trustee shall also, within 45 days after the occurrence of any Event of Default known to a Responsible Officer of the Securities AdministratorTrustee, give written notice thereof to the TrusteeSecurities Administrator, any NIMS Insurer and the Certificateholders, unless such Event of Default shall have been cured or waived prior to the issuance of such notice and within such 45-day period.

Appears in 1 contract

Sources: Trust Agreement (Amortizing Residential Collateral Trust, Series 2004-1)

Notification to Holders. Upon termination of the Master Servicer or appointment of a successor to the Master Servicer, in each case as provided herein, the Securities Administrator Trustee shall promptly mail notice thereof by first class mail to the Trustee Securities Administrator and the Certificateholders at their respective addresses appearing on the Certificate Register, any NIMS Insurer, Insurer and the Swap Counterparty and the Cap Counterparty. The Securities Administrator Trustee shall also, within 45 days after the occurrence of any Event of Default known to a Responsible Officer of the Securities AdministratorTrustee, give written notice thereof to the TrusteeSecurities Administrator, any NIMS Insurer and the Certificateholders, unless such Event of Default shall have been cured or waived prior to the issuance of such notice and within such 45-day period.

Appears in 1 contract

Sources: Trust Agreement (Structured Asset Securities CORP Mortgage Loan Trust 2007-Bc3)