Common use of Additional Information to Be Provided by the Custodian Clause in Contracts

Additional Information to Be Provided by the Custodian. For so long as the Depositor is subject to Exchange Act reporting requirements, for the purpose of satisfying the Depositor's reporting obligation under the Exchange Act with respect to any class of Certificates, the Custodian shall (a) notify the Depositor in writing of any material litigation or governmental proceedings pending against the Custodian that would be material to Certificateholders, and (b) provide to the Depositor a written description of such proceedings. Any notices and descriptions required under this Section 33.03 shall be given no later than five Business Days prior to the Determination Date following the month in which the Custodian has knowledge of the occurrence of the relevant event.

Appears in 9 contracts

Samples: Custodial Agreement (Morgan Stanley Mortgage Loan Trust 2006-8ar), Custodial Agreement (Morgan Stanley Mortgage Loan Trust 2006-1ar), Custodial Agreement (Morgan Stanley Mortgage Loan Trust 2006-3ar)

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Additional Information to Be Provided by the Custodian. For so long as the Depositor is subject required to Exchange Act reporting requirementsfile a Form 10-K, for the purpose of satisfying the DepositorDepositor 's reporting obligation under the Exchange Act with respect to any class of Certificates, the Custodian shall (a) notify the Depositor in writing of any material litigation or governmental proceedings pending against the Custodian that would be material to Certificateholders, and (b) provide to the Depositor a written description of such proceedings. Any notices and descriptions required under this Section 33.03 29(c) shall be given no later than five Business Days prior to the Determination Date following the month in which the Custodian has knowledge of the occurrence of the relevant event.

Appears in 1 contract

Samples: Pooling and Servicing Agreement (Soundview Home Loan Trust 2006-2)

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