Special Notices to the Rating Agencies Sample Clauses
The "Special Notices to the Rating Agencies" clause requires that certain information or events be formally communicated to credit rating agencies involved with a transaction or agreement. In practice, this clause specifies which types of developments—such as amendments, defaults, or significant changes in the underlying assets—must be promptly disclosed to the agencies, often outlining the method and timing of such notifications. Its core function is to ensure that rating agencies remain fully informed, enabling them to accurately assess and update the credit ratings associated with the transaction, thereby supporting transparency and market confidence.
Special Notices to the Rating Agencies. (a) The Depositor shall give prompt notice to the Rating Agencies of the occurrence of any of the following events of which it has notice:
(i) any amendment to this Agreement pursuant to Section 12.03;
(ii) any Assignment by the Master Servicer of its rights hereunder or delegation of its duties hereunder;
(iii) the occurrence of any Event of Default described in Section 6.14;
(iv) any notice of termination given to the Master Servicer pursuant to Section 6.14 and any resignation of the Master Servicer hereunder;
(v) the appointment of any successor to any Master Servicer pursuant to Section 6.14;
(vi) the making of a final payment pursuant to Section 7.02; and
(vii) any termination of the rights and obligations of any Servicer under the applicable Purchase and Servicing Agreement or Servicing Agreement.
(b) All notices to the Rating Agencies provided for this Section shall be in writing and sent by first class mail, telecopy or overnight courier, as follows: If to S&P, to: Standard & Poor’s Ratings Services, a division of The ▇▇▇▇▇▇-▇▇▇▇ Companies, Inc. ▇▇ ▇▇▇▇▇ ▇▇▇▇▇▇ ▇▇▇ ▇▇▇▇, ▇▇▇ ▇▇▇▇ ▇▇▇▇▇ Attention: Residential Mortgages If to Moody’s, to: ▇▇▇▇▇’▇ Investors Service, Inc. ▇▇ ▇▇▇▇▇▇ ▇▇▇▇▇▇ ▇▇▇ ▇▇▇▇, ▇▇▇ ▇▇▇▇ ▇▇▇▇▇ If to Fitch Ratings, to: Fitch, Inc. ▇▇▇ ▇▇▇▇▇ ▇▇▇▇▇▇ ▇▇▇▇▇ ▇▇▇ ▇▇▇▇, ▇▇▇ ▇▇▇▇ ▇▇▇▇▇ Attention: Residential Mortgages
(c) The Securities Administrator shall provide or make available to the Rating Agencies reports prepared pursuant to Section 4.02. In addition, the Securities Administrator shall, at the expense of the Trust Fund, make available to each Rating Agency such information as such Rating Agency may reasonably request regarding the Certificates or the Trust Fund, to the extent that such information is reasonably available to the Securities Administrator.
(d) [Reserved].
Special Notices to the Rating Agencies. (a) The Depositor shall give prompt notice to the Rating Agencies of the occurrence of any of the following events of which it has notice:
(i) any amendment to this Agreement pursuant to Section 11.03;
(ii) any assignment by the Master Servicer of its rights hereunder or delegation of its duties hereunder;
(iii) the occurrence of any Event of Default described in Section 6.14;
(iv) any notice of termination given to the Master Servicer pursuant to Section 6.14 and any resignation of the Master Servicer hereunder;
(v) the appointment of any successor to any Master Servicer pursuant to Section 6.14;
(vi) the making of a final payment pursuant to Section 7.02; and
(vii) any termination of the rights and obligations of any Servicer under the applicable Purchase and Servicing Agreement.
(b) All notices to the Rating Agencies provided for this Section shall be in writing and sent by first class mail, telecopy or overnight courier, to the address specified therefor in the definition corresponding to the name of such Rating Agency.
(c) The Securities Administrator shall provide or make available to the Rating Agencies reports prepared pursuant to Section 4.05. In addition, the Securities Administrator shall, at the expense of the Trust Fund, make available to each Rating Agency such information as such Rating Agency may reasonably request regarding the Certificates or the Trust Fund, to the extent that such information is reasonably available to the Securities Administrator.
(d) The Depositor hereby represents to S&P that, to the Depositor's knowledge, the information provided to such Rating Agency, including the loan level detail, is true and correct according to such Rating Agency's requirements.
Special Notices to the Rating Agencies. (a) The Depositor shall give prompt notice to the Rating Agencies of the occurrence of any of the following events of which it has notice:
(i) any amendment to this Agreement pursuant to Section 11.03;
(ii) any Assignment by the Master Servicer of its rights hereunder or delegation of its duties hereunder;
(iii) the occurrence of any Event of Default described in Section 6.14;
(iv) any notice of termination given to the Master Servicer pursuant to Section 6.14 and any resignation of the Master Servicer hereunder;
(v) the appointment of any successor to any Master Servicer pursuant to Section 6.14; and
(vi) the making of a final payment pursuant to Section 7.02.
(b) All notices to the Rating Agencies provided for this Section shall be in writing and sent by first class mail, telecopy or overnight courier, as follows: If to S&P, to: Standard & Poor’s Ratings Services ▇▇ ▇▇▇▇▇ ▇▇▇▇▇▇, ▇▇▇▇ ▇▇▇▇▇ ▇▇▇ ▇▇▇▇, ▇▇▇ ▇▇▇▇ ▇▇▇▇▇ Attention: Residential Mortgage Surveillance If to Moody’s, to: ▇▇▇▇▇’▇ Investors Service, Inc. ▇▇ ▇▇▇▇▇▇ ▇▇▇▇▇▇ ▇▇▇ ▇▇▇▇, ▇▇▇ ▇▇▇▇ ▇▇▇▇▇ Attention: ABS Monitoring Department
(c) The Trustee shall provide or make available to the Rating Agencies reports prepared pursuant to Section 4.03. In addition, the Trustee shall, at the expense of the Trust Fund, make available to each Rating Agency such information as such Rating Agency may reasonably request regarding the Certificates or the Trust Fund, to the extent that such information is reasonably available to the Trustee.
Special Notices to the Rating Agencies. (a) The Trustee (or the applicable Master Servicer in the case of clauses (vi) and (vii) below) shall give prompt notice to the Rating Agencies, the applicable Special Servicer and the Operating Adviser of the occurrence of any of the following events of which it has notice:
(i) any amendment to this Agreement pursuant to Sections 13.13 or 15.3 hereof;
(ii) the Interim Certification and the Final Certification required pursuant to Section 2.2 hereof;
(iii) notice of the repurchase of any Mortgage Loan pursuant to Section 2.3(a) hereof;
(iv) any resignation of a Master Servicer, a Special Servicer, the Operating Adviser or the Trustee pursuant to this Agreement;
(v) the appointment of any successor to a Master Servicer, the Trustee, the Operating Adviser or the Special Servicer pursuant to Section 7.7, 7.14 or 9.37 hereof;
(vi) waiver of a due-on-sale clause as provided in Section 14.1;
(vii) waiver of a prohibition on subordinate liens on the Mortgaged Properties (other than with respect to a Co-op Mortgage Loan as to which the NCB, FSB Subordinate Debt Conditions have been satisfied);
(viii) the making of a final payment pursuant to Section 10.3 hereof;
(ix) a Servicing Transfer Event; and
(x) an Event of Default.
(b) Each Certifying Servicer shall, and the Certifying Servicers shall each (i) use reasonable efforts to cause each Additional Servicer and each Sub-Servicer (other than a party to this Agreement) with which it has entered into a servicing relationship on or prior to the Closing Date with respect to the Mortgage Loans and (ii) cause each Additional Servicer and each Sub-Servicer (other than a party to this Agreement) with which it has entered into a servicing relationship after the Closing Date with respect to the Mortgage Loans, to (x) forward a copy of each annual compliance statement pursuant to Section 13.9 hereof, (y) forward a copy of each annual report on assessment with servicing criteria pursuant to Section 13.10 hereof and (z) forward a copy of each annual independent public accountants' servicing report pursuant to Section 13.11 hereof to the Rating Agencies and the Operating Adviser.
(c) All notices to the Rating Agencies shall be in writing and sent by first class mail, telecopy or overnight courier, as follows: If to Fitch, to: Fitch, Inc. One State Street Plaza New York, NY 10004 ▇▇▇: (▇▇▇) ▇▇▇-▇▇▇▇ ▇▇▇▇▇▇▇▇▇: ▇▇▇▇▇▇▇ial Mortgage Surveill▇▇▇▇ If to S&P, to: Standard & Poor's Ratings Services, a division of The McGraw-Hill Compani...
Special Notices to the Rating Agencies. (a) The Seller shall give prompt notice to each Rating Agency and the Swap Counterparty of the occurrence of any of the following events of which it has notice:
(i) any amendment to this Agreement pursuant to Section 10.03; and
(ii) the making of a final payment hereunder.
(b) All notices to the Rating Agencies provided for by this Section shall be in writing and sent by first class mail, telecopy or overnight courier, as follows: if to Moody’s: ▇▇▇▇▇’▇ Investors Service, Inc. ▇▇ ▇▇▇▇▇▇ ▇▇▇▇▇▇ ▇▇▇ ▇▇▇▇, ▇▇▇ ▇▇▇▇ ▇▇▇▇▇ Fax no.: (▇▇▇) ▇▇▇-▇▇▇▇ if to S&P: Standard & Poor’s Ratings Services, a division of The ▇▇▇▇▇▇-▇▇▇▇ Companies, Inc. ▇▇ ▇▇▇▇▇ ▇▇▇▇▇▇ ▇▇▇ ▇▇▇▇, ▇▇▇ ▇▇▇▇ ▇▇▇▇▇ Fax no.: (▇▇▇) ▇▇▇-▇▇▇▇
(c) The Trust Administrator shall make available to the Rating Agencies each report prepared pursuant to Section 5.09.
Special Notices to the Rating Agencies. (a) The Servicer shall give prompt notice to each Rating Agency of the occurrence of any of the following events of which it has notice:
Special Notices to the Rating Agencies. The Trustee shall give prompt notice to the Rating Agencies, Special Servicer and the Operating Adviser of the occurrence of any of the following events of which it has notice:
Special Notices to the Rating Agencies. The Trustee shall give prompt notice to the Rating Agencies, Special Servicer and the Operating Adviser of the occurrence of any of the following events of which it has notice:
(i) any amendment to this Agreement pursuant to Section 14.3 hereof;
(ii) the Interim Certification and the Final Certification required pursuant to Section 2.2 hereof;
(iii) notice of the repurchase of any Mortgage Loan or REO Mortgage Loan pursuant to Section 2.3(a) hereof;
(iv) any resignation of the Master Servicer, Special Servicer, the Paying Agent, the Operating Adviser or the Trustee pursuant to this Agreement;
(v) the appointment of any successor to the Master Servicer, the Trustee, the Paying Agent, the Operating Adviser or the Special Servicer pursuant to Section 7.7, 7.14 or 9.37 hereof;
(vi) waiver of a due-on-sale clause as provided in Section 8.7;
(vii) waiver of a prohibition on subordinate liens on the Mortgaged Properties;
(viii) the making of a final payment pursuant to Section 10.3 hereof;
(ix) a Servicing Transfer Event; and
(x) an Event of Default.
Special Notices to the Rating Agencies. (a) The Depositor shall give prompt notice to the Rating Agencies and to the Class 2-A3 Certificate Insurer of the occurrence of any of the following events of which it has notice:
(i) any amendment to this Agreement pursuant to Section 11.03;
(ii) any Assignment by the Master Servicer of its rights hereunder or delegation of its duties hereunder;
(iii) the occurrence of any Event of Default described in Section 6.14;
(iv) any notice of termination given to the Master Servicer pursuant to Section 6.14 and any resignation of the Master Servicer hereunder;
(v) the appointment of any successor to any Master Servicer pursuant to Section 6.14; and
(vi) the making of a final payment pursuant to Section 7.02.
(b) All notices to the Rating Agencies provided for this Section shall be in writing and sent by first class mail, telecopy or overnight courier, as follows: If to DCR, to: Duff & ▇▇▇▇▇▇ Credit Rating Co. ▇▇ ▇▇▇▇▇ ▇▇▇▇▇▇ ▇▇▇▇ ▇▇▇▇▇ ▇▇▇ ▇▇▇▇, ▇▇▇ ▇▇▇▇ ▇▇▇▇▇ Attention: RMBS Monitoring MBS/SASCO 2000-1 If to Moody's, to: ▇▇▇▇▇'▇ Investors Service ▇▇ ▇▇▇▇▇▇ ▇▇▇▇▇▇ ▇▇▇ ▇▇▇▇, ▇▇▇ ▇▇▇▇ ▇▇▇▇▇ Attention: Monitoring Department
(c) The Trustee shall deliver to the Rating Agencies reports prepared pursuant to Section 4.03.
Special Notices to the Rating Agencies. (a) The Servicer 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 10.03; and
(ii) the making of a final payment hereunder.
(b) All notices to the Rating Agencies provided for by this Section shall be in writing and sent by first class mail, telecopy or overnight courier, as follows: if to [Moody's]: [Moody's Investors Service, Inc. 99 Church Street New Yor▇, ▇▇▇ York 10004 Fax no.: (212) ▇▇▇-▇▇▇▇] ▇▇ ▇▇ [▇&▇]: [▇▇▇▇▇▇▇▇ & ▇▇or's Ratings Serv▇▇▇▇, ▇ ▇▇▇▇▇▇on of The McGraw-Hill Companies, Inc. 55 Water Street New York, Ne▇ ▇▇▇▇ ▇▇▇41 Fax no.: (212) ▇▇▇-▇▇▇▇]
(▇) ▇▇▇ ▇▇▇▇▇ ▇▇▇▇▇▇▇▇▇▇▇▇▇ shall make availa▇▇▇ ▇▇ ▇▇▇ ▇▇▇ing Agencies each report prepared pursuant to Section 5.09.