Common use of Notification to Lender Clause in Contracts

Notification to Lender. Promptly upon the occurrence of any Servicer Default (and, in any event, within two Business Days after the Servicer becomes aware thereof), the Servicer will give the Lender and TLFC written notice of such Servicer Default. The Lender will promptly give written notice of any termination or appointment of a Successor Servicer pursuant to this Article V to TLFC and Trans Leasing.