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Common use of Notification to Noteholders and Rating Agencies Clause in Contracts

Notification to Noteholders and Rating Agencies. Upon any termination of, or appointment of a successor to, the Servicer, the Trust Collateral Agent shall give prompt written notice thereof to each Noteholder and Rating Agency.

Appears in 5 contracts

Sources: Sale and Servicing Agreement (National Auto Finance Co Inc), Sale and Servicing Agreement (National Financial Auto Funding Trust), Sale and Servicing Agreement (National Financial Auto Funding Trust)

Related Clauses

  • Reports to Securityholders and Rating Agencies
  • Notification to Noteholders
  • Rating Agencies
  • Notices, etc., to Indenture Trustee, Issuer and Rating Agencies
  • Notification to Noteholders and Certificateholders

Parent Clauses

  • Covenants of Depositor
  • Servicer May Own Securities
  • Statements to Securityholders
  • Dispute Resolution
  • Additional Conditions

Sub-Clauses

  • OTHER REMEDIES
  • ACCELERATION OF MATURITY; RESCISSION AND ANNULMENT
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