Common use of Special Notices to Rating Agencies Clause in Contracts

Special Notices to Rating Agencies. (a) The Trustee shall give prompt notice to each Rating Agency of the occurrence of any of the following events of which it has notice: (i) any amendment to this Agreement pursuant to Section 10.01; (ii) any sale or transfer of the Class B Certificates pursuant to Section 5.02 to an affiliate of the Depositor; (iii) any assignment by the Servicer of its rights and delegation of its duties pursuant to Section 6.02; (iv) any resignation of the Servicer pursuant to Section 6.04; (v) the occurrence of any of the Events of Default described in Section 7.01; (vi) any notice of termination given to the Servicer pursuant to Section 7.01; (vii) the appointment of any successor to the Servicer pursuant to Section 7.05; or (viii) the making of a final payment pursuant to Section 9.01. (b) The Servicer shall give prompt notice to each Rating Agency of the occurrence of any of the following events: (i) the appointment of a Custodian pursuant to Section 2.02; (ii) the resignation or removal of the Trustee pursuant to Section 8.08; or (iii) the appointment of a successor trustee pursuant to Section 8.09. (c) The Servicer shall deliver to each Rating Agency: (i) reports prepared pursuant to Sections 3.15 and 3.16; and (ii) statements prepared pursuant to Sections 4.03 and 4.04.

Special Notices to Rating Agencies. (a) 1. The Trustee Trust Administrator shall give prompt notice to each Rating Agency of the occurrence of any of the following events of which it has notice: (i) a. any amendment to this Agreement pursuant to Section 10.0110.01(a); (ii) b. any sale or transfer of the Class B Certificates pursuant to Section 5.02 to an affiliate of the DepositorSeller; (iii) c. any assignment by the Master Servicer of its rights and delegation of its duties pursuant to Section 6.026.06; (iv) d. any resignation of the Master Servicer pursuant to Section 6.04; (v) e. the occurrence of any of the Events of Default described in Section 7.01; (vi) f. any notice of termination given to the Master Servicer pursuant to Section 7.01; (vii) g. the appointment of any successor to the Master Servicer pursuant to Section 7.05; or (viii) h. the making of a final payment pursuant to Section 9.01. (b) 2. The Master Servicer shall give prompt notice to each Rating Agency of the occurrence of any of the following events: (i) a. the appointment of a Custodian pursuant to Section 2.02; (ii) b. the resignation or removal of the Trustee or the Trust Administrator pursuant to Section 8.08; or; (iii) c. the appointment of a successor trustee or trust administrator pursuant to Section 8.09; or d. the sale, transfer or other disposition in a single transaction of 50% or more of the equity interests in the Master Servicer. (c) 3. The Master Servicer shall deliver to each Rating Agency: (i) a. reports prepared pursuant to Sections 3.15 and 3.16Section 3.05; and (ii) b. statements prepared pursuant to Sections 4.03 and Section 4.04.

Special Notices to Rating Agencies. (a) 1. The Trustee shall give prompt notice to each Rating Agency of the occurrence of any of the following events of which it has notice: (i) a. any amendment to this Agreement pursuant to Section 10.0110.01(a); (ii) b. any sale or transfer of the Class B Certificates pursuant to Section 5.02 to an affiliate of the DepositorSeller; (iii) c. any assignment by the Master Servicer of its rights and delegation of its duties pursuant to Section 6.026.06; (iv) d. any resignation of the Master Servicer pursuant to Section 6.04; (v) e. the occurrence of any of the Events of Default described in Section 7.01; (vi) f. any notice of termination given to the Master Servicer pursuant to Section 7.01; (vii) g. the appointment of any successor to the Master Servicer pursuant to Section 7.05; or (viii) h. the making of a final payment pursuant to Section 9.01. (b) 2. The Master Servicer shall give prompt notice to each Rating Agency of the occurrence of any of the following events: (i) a. the appointment of a Custodian pursuant to Section 2.02; (ii) b. the resignation or removal of the Trustee pursuant to Section 8.08; or; (iii) c. the appointment of a successor trustee pursuant to Section 8.09; or d. the sale, transfer or other disposition in a single transaction of 50% or more of the equity interests in the Master Servicer. (c) 3. The Master Servicer shall deliver to each Rating Agency: (i) a. reports prepared pursuant to Sections 3.15 and 3.16Section 3.05; and (ii) b. statements prepared pursuant to Sections 4.03 and Section 4.04.