Notification to Noteholders. Upon any termination of, or appointment of a successor to, the Administrator pursuant to Section 12 or 13, the Indenture Trustee shall give prompt written notice thereof to Noteholders, any Swap Counterparties and the Rating Agencies (which, in the case of any such appointment of a successor, shall consist of prior written notice thereof to the Rating Agencies).
Appears in 8 contracts
Sources: Administration Agreement (Wells Fargo Student Loans Receivables I LLC), Administration Agreement (Goldman Sachs Asset Backed Securities Corp), Administration Agreement (SMS Student Loan Trust 2000-B)
Notification to Noteholders. Upon any termination of, or appointment of a successor to, the Administrator pursuant to Section 12 or 13, the Indenture Trustee shall give prompt written notice thereof to Noteholders, any the Swap Counterparties Counterparty and the Rating Agencies (which, in the case of any such appointment of a successor, shall consist of prior written notice thereof to the Rating Agencies).
Appears in 3 contracts
Sources: Administration Agreement (Usa Group Secondary Market Services Inc), Administration Agreement (Usa Group Secondary Market Services Inc), Administration Agreement (Wells Fargo Student Loans Receivables I LLC)
Notification to Noteholders. Upon any termination of, or appointment of a successor to, the Administrator pursuant to Section 12 or 13, the Indenture Trustee shall give prompt written notice thereof to Noteholders, any Swap Counterparties Noteholders and the Rating Agencies (which, in the case of any such appointment of a successor, shall consist of prior written notice thereof to the Rating Agencies).
Appears in 2 contracts
Sources: Administration Agreement (Efg Funding Corp), Administration Agreement (Usa Group Secondary Market Services Inc)
Notification to Noteholders. Upon any termination of, or appointment of a successor to, the Administrator pursuant to Section 12 or 13, the Indenture Trustee shall give prompt written notice thereof to Noteholders, any Swap Counterparties and the Rating Agencies (which, in the case of any such appointment of a successor, shall consist of prior written notice thereof to the Rating Agencies).
Appears in 1 contract
Sources: Administration Agreement (Pheaa Student Loan Trust I)
Notification to Noteholders. Upon any termination of, or appointment of a successor to, the Administrator pursuant to Section 12 or 13, the Indenture Trustee shall give prompt written notice thereof to Noteholders, any the Subordinate Note Insurer, the Swap Counterparties Counterparty and the Rating Agencies (which, in the case of any such appointment of a successor, shall consist of prior written notice thereof to the Rating Agencies).
Appears in 1 contract
Sources: Administration Agreement (Usa Group Secondary Market Services Inc)