Common use of Trustee to Give Notice of Default Clause in Contracts

Trustee to Give Notice of Default. But May Withhold in Certain Circumstances. The Trustee shall transmit to the Noteholders, as the names and addresses of such Holders appear on the Note register, notice by mail of all Defaults which have occurred, such notice to be transmitted within 90 days after the occurrence thereof, unless such defaults shall have been cured before the giving of such notice; provided that, except in the case of Default in the payment of the principal of, interest on, or other similar obligation with respect to, any of the Notes, the Trustee shall be protected in withholding such notice if and so long as the board of directors, the executive committee, or a trust committee of directors or trustees and/or Responsible Officers of the Trustee in good faith determines that the withholding of such notice is in the best interests of the Noteholders.

Trustee to Give Notice of Default. But May Withhold in Certain Circumstances. The Trustee shall transmit to the NoteholdersSecurityholders, as the names and addresses of such Holders appear on the Note Security register, notice by mail of all Defaults which have occurred, such notice to be transmitted within 90 days after the occurrence thereof, unless such defaults shall have been cured before the giving of such noticesuch; provided that, except in the case of Default in the payment of the principal of, interest on, or other similar obligation with respect to, any of the NotesSecurities, the Trustee shall be protected in withholding such notice if and so long as the board of directors, the executive committee, or a trust committee of directors or trustees and/or Responsible Officers of the Trustee in good faith determines that the withholding of such notice is in the best interests of the NoteholdersSecurityholders.

Trustee to Give Notice of Default. But but May Withhold in Certain Circumstances. The Trustee shall transmit to the NoteholdersSecurityholders, as the names and addresses of such Holders appear on the Note Security register, notice by mail of all Defaults which have occurred, such notice to be transmitted within 90 days after the occurrence thereof, unless such defaults shall have been cured before the giving of such noticesuch; provided that, except in the case of Default in the payment of the principal of, interest on, or other similar obligation with respect to, any of the NotesSecurities, the Trustee shall be protected in withholding such notice if and so long as the board of directors, the executive committee, or a trust committee of directors or trustees and/or Responsible Officers of the Trustee in good faith determines that the withholding of such notice is in the best interests of the NoteholdersSecurityholders.

Trustee to Give Notice of Default. But May Withhold in Certain Circumstances. The Trustee shall transmit to the NoteholdersSecurityholders, as the names and addresses of such Holders appear on the Note registerregistry books, notice by mail of all Defaults which have occurredactually known to a Responsible Officer of the Trustee, such notice to be transmitted within 90 days after the occurrence thereof, unless such defaults Defaults shall have been cured before the giving of such notice; provided that, except in the case of Default in the payment of the principal of, of or interest on, or other similar obligation with respect to, on any of the NotesSecurities, the Trustee shall be protected in withholding such notice if and so long as the board of directors, the executive committee, or a trust committee of directors or trustees and/or Responsible Officers of the Trustee in good faith determines that the withholding of such notice is in the best interests of the NoteholdersSecurityholders.

Trustee to Give Notice of Default. But May Withhold in ------------------------------------------------------ Certain Circumstances. The Trustee shall transmit to the Noteholders, as the --------------------- names and addresses of such Holders appear on the Note register, notice by mail of all Defaults which have occurred, such notice to be transmitted within 90 days after the occurrence thereof, unless such defaults shall have been cured before the giving of such notice; provided that, except in the case of Default in the payment of the principal of, interest on, or other similar obligation with respect to, any of the Notes, the Trustee shall be protected in withholding such notice if and so long as the board of directors, the executive committee, or a trust committee of directors or trustees and/or Responsible Officers of the Trustee in good faith determines that the withholding of such notice is in the best interests of the Noteholders.