Common use of Certain Notices upon Final Payment Clause in Contracts

Certain Notices upon Final Payment. The Master Servicer or the Trust Administrator, as applicable, shall give the Issuer, the Indenture Trustee, the Owner Trustee, each Rating Agency, each Noteholder and the Depositor at least 30 days’ prior written notice of the date on which the Trust is expected to terminate in accordance with Section 9.01, or the date on which the Notes will be redeemed in accordance with Section 9.02. Not later than the fifth Business Day in the Due Period in which the final payment in respect to the Notes is payable to the Noteholders, the Indenture Trustee shall mail to the Noteholders a notice specifying the procedures with respect to such final payment. The Trust Administrator on behalf of the Indenture Trustee shall give a copy of such notice to each Rating Agency at the time such notice is given to Noteholders. Following the final payment thereon, such Notes shall become void, no longer outstanding and no longer evidence any right or interest in the Mortgage Loans, the Mortgage Files or any proceeds of the foregoing.

Appears in 9 contracts

Samples: Transfer and Servicing Agreement (Fieldstone Mortgage Investment CORP), Servicing Agreement (Fieldstone Mortgage Investment CORP), Custodial Agreement (Fieldstone Mortgage Investment CORP)

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Certain Notices upon Final Payment. The Master Servicer or the Trust Administrator, as applicable, shall give the Issuer, the Indenture Trustee, the Owner Trustee, each Rating Agency, each Noteholder and the Depositor at least 30 days’ prior written notice of the date on which the Trust is expected to terminate in accordance with Section 9.01, or the date on which the Notes will be redeemed in accordance with Section 9.02. Not later than the fifth Business Day in the Due Collection Period in which the final payment in respect to the Notes is payable to the Noteholders, the Indenture Trustee shall mail to the Noteholders a notice specifying the procedures with respect to such final payment. The Trust Administrator on behalf of the Indenture Trustee shall give a copy of such notice to each Rating Agency at the time such notice is given to Noteholders. Following the final payment thereon, such Notes shall become void, no longer outstanding and no longer evidence any right or interest in the Mortgage Loans, the Mortgage Files or any proceeds of the foregoing.

Appears in 5 contracts

Samples: Custodial Agreement (Aames Mortgage Investment Trust 2006-1), Transfer and Servicing Agreement (Structured Asset Securities Corp), Transfer and Servicing Agreement (Aames Mortgage Investment Trust 2005-1)

Certain Notices upon Final Payment. The Master Servicer or the Trust Securities Administrator, as applicable, shall give the Issuer, the Indenture Trustee, the Owner Trustee, each Rating Agency, each Noteholder and the Depositor at least 30 thirty (30) days’ prior written notice of the date on which the Trust is expected to terminate in accordance with Section 9.01, or the date on which the Notes will be redeemed in accordance with Section 9.02. Not later than the fifth Business Day in the Due Collection Period in which the final payment in respect to the Notes is payable to the Noteholders, the Indenture Trustee Securities Administrator shall mail to the Noteholders a notice specifying the procedures with respect to such final payment. The Trust Securities Administrator on behalf of the Indenture Trustee shall give a copy of such notice to each Rating Agency at the time such notice is given to Noteholders. Following the final payment thereon, such Notes shall become void, no longer outstanding and no longer evidence any right or interest in the Mortgage Loans, the Mortgage Files or any proceeds of the foregoing.

Appears in 4 contracts

Samples: Transfer and Servicing Agreement (Homebanc Corp), Transfer and Servicing Agreement (Homebanc Corp), Transfer and Servicing Agreement (HomeBanc Mortgage Trust 2005-2)

Certain Notices upon Final Payment. The Master Servicer or the Trust AdministratorOwner Trustee, as applicable, shall give the Issuer, the Indenture Trustee, the Owner Trustee, each Rating Agency, each Noteholder Securityholder and the Depositor at least 30 days’ prior written notice of the date on which the Trust is expected to terminate in accordance with Section 9.016.01, or the date on which the Notes Securities will be redeemed in accordance with Section 9.026.02. Not later than the fifth Business Day in the Due Period in which the final payment in respect to the Notes Securities is payable to the NoteholdersSecurityholders, the Indenture Trustee shall mail to the Noteholders Securityholders a notice specifying the procedures with respect to such final payment. The Trust Administrator on behalf of the Indenture Trustee shall give a copy of such notice to each Rating Agency at the time such notice is given to NoteholdersSecurityholders. Following the final payment thereon, such Notes Securities shall become void, no longer outstanding and no longer evidence any right or interest in the Mortgage Loans, the Mortgage Files or any proceeds of the foregoing.

Appears in 4 contracts

Samples: Custodial Agreement (Sasco Mortgage Loan Trust Series 2004-Gel2), Custodial Agreement (SASCO Mortgage Loan Trust 2004-Gel3), Custodial Agreement (Structured Asset Securities Corp)

Certain Notices upon Final Payment. The Master Servicer or the Trust Administrator, as applicable, shall give the Issuer, the Indenture Trustee, the Owner TrusteeIssuer, each Rating Agency, each Noteholder Securityholder and the Depositor at least 30 days’ prior written notice of the date on which the Trust Issuer is expected to terminate in accordance with Section 9.018.01, or the date on which the Notes Securities will be redeemed in accordance with Section 9.028.02. Not later than the fifth Business Day in the Due Period in which the final payment distribution in respect to the Notes Securities is payable to the NoteholdersSecurityholders, the Indenture Trustee shall mail to the Noteholders Securityholders a notice specifying the procedures with respect to such final paymentdistribution. The Trust Administrator on behalf of the Indenture Trustee shall give a copy of such notice to each Rating Agency and the Insurer at the time such notice is given to NoteholdersSecurityholders. Following the final payment distribution thereon, such Notes Securities shall become void, no longer outstanding and no longer evidence any right or interest in the Mortgage Loans, the Mortgage Files or any proceeds of the foregoing.

Appears in 4 contracts

Samples: Sale and Servicing Agreement (Thornburg Mortgage Securities Corp), Transfer and Servicing Agreement (Structured Asset Securities Corp), Transfer and Servicing Agreement (Lehman Abs Corp)

Certain Notices upon Final Payment. The Master Servicer or the Trust Administrator, as applicable, shall give the Issuer, the Indenture Trustee, the Owner Trustee, each Rating Agency, each Noteholder and the Depositor at least 30 [30] days' prior written notice of the date on which the Trust is expected to terminate in accordance with Section 9.01, or the date on which the Notes will be redeemed in accordance with Section 9.02. Not later than the fifth [fifth] Business Day in the Due Collection Period in which the final payment in respect to the Notes is payable to the Noteholders, the Indenture Trustee shall mail to the Noteholders a notice specifying the procedures with respect to such final payment. The Trust Administrator on behalf of the Indenture Trustee shall give a copy of such notice to each Rating Agency at the time such notice is given to Noteholders. Following the final payment thereon, such Notes shall become 152 void, no longer outstanding and no longer evidence any right or interest in the Mortgage Loans, the Mortgage Files or any proceeds of the foregoing.

Appears in 4 contracts

Samples: Sale and Servicing Agreement (Cwabs Inc), Sale and Servicing Agreement (Cwalt Inc), Sale and Servicing Agreement (CWHEQ, Inc.)

Certain Notices upon Final Payment. The Master Servicer or the Trust Securities Administrator, as applicable, shall give the Issuer, the Indenture Trustee, the Owner Trustee, each Rating Agency, the Swap Counterparty, each Noteholder and the Depositor at least 30 thirty (30) days’ prior written notice of the date on which the Trust is expected to terminate in accordance with Section 9.01, or the date on which the Notes will be redeemed in accordance with Section 9.02. Not later than the fifth Business Day in the Due Collection Period in which the final payment in respect to the Notes is payable to the Noteholders, the Indenture Trustee Securities Administrator shall mail to the Noteholders a notice specifying the procedures with respect to such final payment. The Trust Securities Administrator on behalf of the Indenture Trustee shall give a copy of such notice to each Rating Agency at the time such notice is given to Noteholders. Following the final payment thereon, such Notes shall become void, no longer outstanding and no longer evidence any right or interest in the Mortgage Loans, the Mortgage Files or any proceeds of the foregoing.

Appears in 3 contracts

Samples: Transfer and Servicing Agreement (Homebanc Corp), Transfer and Servicing Agreement (HomeBanc Mortgage Trust 2005-4), Transfer and Servicing Agreement (HomeBanc Mortgage Trust 2005-5)

Certain Notices upon Final Payment. The Master Servicer or the Trust Securities Administrator, as applicable, shall give the Issuer, the Indenture Trustee, the Owner Trustee, each Rating Agency, each Noteholder and the Depositor at least 30 thirty (30) days’ prior written notice of the date on which the Trust is expected to terminate in accordance with Section 9.01, or the date on which the Notes will be redeemed in accordance with Section 9.02. Not later than the fifth Business Day in the Due Collection Period in which the final payment in respect to the Notes is payable to the Noteholders, the Indenture Trustee shall mail to the Noteholders a notice specifying the procedures with respect to such final payment. The Trust Securities Administrator on behalf of the Indenture Trustee shall give a copy of such notice to each Rating Agency at the time such notice is given to Noteholders. Following the final payment thereon, such Notes shall become void, no longer outstanding and no longer evidence any right or interest in the Mortgage Loans, the Mortgage Files or any proceeds of the foregoing.

Appears in 2 contracts

Samples: Transfer and Servicing Agreement (Homebanc Corp), Transfer and Servicing Agreement (HMB Acceptance Corp.)

Certain Notices upon Final Payment. The Master Servicer or the Trust Securities Administrator, as applicable, shall give the Issuer, the Indenture Trustee, the Owner Trustee, each Rating Agency, each Noteholder and the Depositor at least 30 thirty (30) days’ prior written notice of the date on which the Trust is expected to terminate in accordance with Section 9.0110.01, or the date on which the Notes will be redeemed in accordance with Section 9.0210.02. Not later than the fifth Business Day in the Due Collection Period in which the final payment in respect to the Notes is payable to the Noteholders, the Indenture Trustee Securities Administrator shall mail to the Noteholders a notice specifying the procedures with respect to such final payment. The Trust Securities Administrator on behalf of the Indenture Trustee shall give a copy of such notice to each Rating Agency at the time such notice is given to Noteholders. Following the final payment thereon, such Notes shall become void, no longer outstanding and no longer evidence any right or interest in the Mortgage Loans, the Mortgage Files or any proceeds of the foregoing.

Appears in 2 contracts

Samples: Transfer and Servicing Agreement (Homebanc Corp), Transfer and Servicing Agreement (HomeBanc Mortgage Trust 2006-2)

Certain Notices upon Final Payment. The Master Servicer or the Trust Securities Administrator, as applicable, shall give the Issuer, the Indenture Trustee, the Owner Trustee, each Rating Agency, [the Swap Counterparty], each Noteholder and the Depositor at least 30 [thirty (30)] days’ prior written notice of the date on which the Trust is expected to terminate in accordance with Section 9.01, or the date on which the Notes will be redeemed in accordance with Section 9.02. Not later than the fifth Business Day in the Due Collection Period in which the final payment in respect to the Notes is payable to the Noteholders, the Indenture Trustee Securities Administrator shall mail to the Noteholders a notice specifying the procedures with respect to such final payment. The Trust Securities Administrator on behalf of the Indenture Trustee shall give a copy of such notice to each Rating Agency at the time such notice is given to Noteholders. Following the final payment thereon, such Notes shall become void, no longer outstanding and no longer evidence any right or interest in the Mortgage Loans, the Mortgage Files or any proceeds of the foregoing.

Appears in 2 contracts

Samples: Transfer and Servicing Agreement (TBALT Corp.), Transfer and Servicing Agreement (HMB Acceptance Corp.)

Certain Notices upon Final Payment. The Master Servicer or the Trust Administrator, as applicable, shall give the Issuer, the Indenture Trustee, the Owner Trustee, each Rating Agency, each Noteholder and the Depositor at least 30 days' prior written notice of the date on which the Trust is expected to terminate in accordance with Section 9.01, or the date on which the Notes will be redeemed in accordance with Section 9.02. Not later than the fifth Business Day in the Due Period in which the final payment in respect to the Notes is payable to the Noteholders, the Indenture Trustee shall mail to the Noteholders a notice specifying the procedures with respect to such final payment. The Trust Administrator on behalf of the Indenture Trustee shall give a copy of such notice to each Rating Agency at the time such notice is given to Noteholders. Following the final payment thereon, such Notes shall become void, no longer outstanding and no longer evidence any right or interest in the Mortgage Loans, the Mortgage Files or any proceeds of the foregoing.

Appears in 1 contract

Samples: Transfer and Servicing Agreement (Fieldstone Mortgage Investment CORP)

Certain Notices upon Final Payment. The Master ---------------------------------- Servicer or the Trust Administrator, as applicable, shall give the Issuer, the Indenture Trustee, the Owner Trustee, each Rating Agency, each Noteholder Certificateholder, the Back-Up Servicer, the Depositor and the Depositor Unaffiliated Seller at least 30 days' prior written notice of the date on which the Trust is expected to terminate in accordance with Section 9.0110.01, or the date on which the Notes Certificates will be optionally redeemed in accordance with Section 9.0210.02. Not later than the fifth Business Day in the Due Period in which the final payment distribution in respect to the Notes Certificates is payable to the NoteholdersCertificateholders, the Indenture Trustee shall mail to the Noteholders Holders of the Certificates a notice specifying the procedures with respect to such final paymentdistribution. The Trust Administrator on behalf of the Indenture Trustee shall give a copy of such notice to each Rating Agency at the time such notice is given to NoteholdersCertificateholders. Following the final payment distribution thereon, such Notes the Certificates shall become void, no longer outstanding and no longer evidence any right or interest in the Mortgage Loans, Loans or the Mortgage Loan Files or any proceeds of the foregoing.

Appears in 1 contract

Samples: Pooling and Servicing Agreement (Credit Suisse First Boston Mortgage Securities Corp)

Certain Notices upon Final Payment. The Master Servicer or the Trust Securities Administrator, as applicable, shall give the IssuerTrust, the Indenture Trustee, the Owner Trustee, each Rating Agency, each Noteholder Noteholder, the Ownership Certificateholder, the Servicing Rights Owner and the Depositor at least 30 10 days’ prior written notice of the date on which the Trust is expected to terminate in accordance with Section 9.019.1, or the date on which the Notes will be redeemed in accordance with Section 9.029.2. Not later than the fifth Business Day in the Due Period in which the final payment in respect to the Notes is payable to the Noteholders, the Indenture Trustee shall mail to the Noteholders a notice 110 specifying the procedures with respect to such final payment. The Trust Securities Administrator on behalf of the Indenture Trustee shall give a copy of such notice to each Rating Agency at the time such notice is given to the Noteholders. Following the final payment thereon, such Notes shall become void, no longer outstanding and no longer evidence any right or interest in the Mortgage Loans, the Mortgage Files or any proceeds of the foregoing.

Appears in 1 contract

Samples: Transfer and Servicing Agreement (FBR Securitization, Inc.)

Certain Notices upon Final Payment. The Master Servicer or the Trust Securities Administrator, as applicable, shall give the Issuer, the Indenture Trustee, the Owner Trustee, each Rating Agency, each Noteholder Certificateholder and the Depositor at least 30 [thirty (30)] days’ prior written notice of the date on which the Trust Fund is expected to terminate in accordance with Section 9.01, or the date on which the Notes Certificates will be redeemed in accordance with Section 9.02. Not later than the fifth Business Day in the Due Collection Period in which the final payment in respect to the Notes Certificates is payable to the NoteholdersCertificateholders, the Indenture Trustee Securities Administrator shall mail to the Noteholders Certificateholders a notice specifying the procedures with respect to such final payment. The Trust Securities Administrator on behalf of the Indenture Trustee shall give a copy of such notice to each Rating Agency at the time such notice is given to NoteholdersCertificateholders. Following the final payment thereon, such Notes Certificates shall become void, no longer outstanding and no longer evidence any right or interest in the Mortgage Loans, the Mortgage Files or any proceeds of the foregoing.

Appears in 1 contract

Samples: Pooling and Servicing Agreement (HMB Acceptance Corp.)

Certain Notices upon Final Payment. The Master Servicer or the Trust Administrator, as applicable, Securities Administrator shall give the IssuerIssuing Entity, the Indenture Trustee, the Owner Trustee, each Rating Agency, each Noteholder Noteholder, the Certificateholder and the Depositor at least 30 days’ 10 days prior written notice of the date on which the Trust Issuing Entity is expected to terminate in accordance with Section 9.0111.1, or the date on which the Notes will be redeemed in accordance with Section 9.0211.2. Not later than the fifth Business Day in the Due Period in which the final payment in respect to the Notes is payable to the Noteholders, the Indenture Trustee Securities Administrator shall mail to the Noteholders a notice specifying the procedures with respect to such final payment. The Trust Securities Administrator on behalf of the Indenture Trustee shall give a copy of such notice to each Rating Agency at the time such notice is given to the Noteholders. Following the final payment thereon, such Notes shall become void, no longer outstanding and no longer evidence any right or interest in the Mortgage Loans, the Mortgage Files or any proceeds of the foregoingforegoing Amendment.

Appears in 1 contract

Samples: Transfer and Servicing Agreement (Lares Asset Securitization, Inc.)

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Certain Notices upon Final Payment. The Master Servicer or the Trust Administrator, as applicable, shall give the Issuer, the Indenture Trustee, the Owner Trustee, each Rating Agency, each Noteholder and the Depositor at least 30 days' prior written notice of the date on which the Trust is expected to terminate in accordance with Section 9.01, or the date on which the Notes will be redeemed in accordance with Section 9.02. Not later than the fifth Business Day in the Due Collection Period in which the final payment in respect to the Notes is payable to the Noteholders, the Indenture Trustee shall mail to the Noteholders a notice specifying the procedures with respect to such final payment. The Trust Administrator on behalf of the Indenture Trustee shall give a copy of such notice to each Rating Agency at the time such notice is given to Noteholders. Following the final payment thereon, such Notes shall become void, no longer outstanding and no longer evidence any right or interest in the Mortgage Loans, the Mortgage Files or any proceeds of the foregoing.. 122

Appears in 1 contract

Samples: Transfer and Servicing Agreement (Aames Mortgage Investment Trust 2005-2)

Certain Notices upon Final Payment. The Master Servicer or the Trust Securities Administrator, as applicable, shall give the IssuerTrust, the Indenture Trustee, the Owner Trustee, each Rating Agency, each Noteholder Noteholder, the Ownership Certificateholder, the Servicing Rights Owner and the Depositor at least 30 10 days’ prior written notice of the date on which the Trust is expected to terminate in accordance with Section 9.019.1, or the date on which the Notes will be redeemed in accordance with Section 9.029.2. Not later than the fifth Business Day in the Due Period in which the final payment in respect to the Notes is payable to the Noteholders, the Indenture Trustee shall mail to the Noteholders a notice specifying the procedures with respect to such final payment. The Trust Securities Administrator on behalf of the Indenture Trustee shall give a copy of such notice to each Rating Agency at the time such notice is given to the Noteholders. Following the final payment thereon, such Notes shall become void, no longer outstanding and no longer evidence any right or interest in the Mortgage Loans, the Mortgage Files or any proceeds of the foregoing.

Appears in 1 contract

Samples: Transfer and Servicing Agreement (First NLC Securitization, Inc.)

Certain Notices upon Final Payment. The Master Servicer or the Trust Administrator, as applicable, shall give the Issuer, the Indenture Trustee, the Owner Trustee, each Rating Agency, each Noteholder and the Depositor at least 30 [30] days’ prior written notice of the date on which the Trust is expected to terminate in accordance with Section 9.018.01, or the date on which the Notes will be redeemed in accordance with Section 9.028.02. Not later than the fifth [fifth] Business Day in the Due Collection Period in which the final payment in respect to the Notes is payable to the Noteholders, the Indenture Trustee shall mail to the Noteholders a notice specifying the procedures with respect to such final payment. The Trust Administrator on behalf of the Indenture Trustee shall give a copy of such notice to each Rating Agency at the time such notice is given to Noteholders. Following the final payment thereon, such Notes shall become void, no longer outstanding and no longer evidence any right or interest in the Mortgage Loans, the Mortgage Files or any proceeds of the foregoing.

Appears in 1 contract

Samples: Sale and Servicing Agreement (Indymac Abs Inc)

Certain Notices upon Final Payment. The Master Servicer or the Trust Administrator, as applicable, shall give the IssuerIssuing Entity, the Indenture Trustee, the Owner Trustee, each Rating Agency, each Noteholder and the Depositor at least 30 days’ prior written notice of the date on which the Trust is expected to terminate in accordance with Section 9.01, or the date on which the Notes will be redeemed in accordance with Section 9.02. Not later than the fifth Business Day in the Due Period in which the final payment in respect to the Notes is payable to the Noteholders, the Indenture Trustee shall mail to the Noteholders a notice specifying the procedures with respect to such final payment. The Trust Administrator on behalf of the Indenture Trustee shall give a copy of such notice to each Rating Agency at the time such notice is given to Noteholders. Following the final payment thereon, such Notes shall become void, no longer outstanding and no longer evidence any right or interest in the Mortgage Loans, the Mortgage Files or any proceeds of the foregoing.

Appears in 1 contract

Samples: Transfer and Servicing Agreement (SunTrust Mortgage Securitization, LLC)

Certain Notices upon Final Payment. The Master Servicer or the Trust Administrator, as applicable, shall give the Issuer, the Indenture Trustee, the Owner Trustee, each Rating Agency, each Noteholder and the Depositor at least 30 [30] days' prior written notice of the date on which the Trust is expected to terminate in accordance with Section 9.018.01, or the date on which the Notes will be redeemed in accordance with Section 9.028.02. Not later than the fifth [fifth] Business Day in the Due Collection Period in which the final payment in respect to the Notes is payable to the Noteholders, the Indenture Trustee shall mail to the Noteholders a notice specifying the procedures with respect to such final payment. The Trust Administrator on behalf of the Indenture Trustee shall give a copy of such notice to each Rating Agency at the time such notice is given to Noteholders. Following the final payment thereon, such Notes shall become void, no longer outstanding and no longer evidence any right or interest in the Mortgage Loans, the Mortgage Files or any proceeds of the foregoing.

Appears in 1 contract

Samples: Sale and Servicing Agreement (Indymac MBS Inc)

Certain Notices upon Final Payment. The Master Servicer or the Trust Securities Administrator, as applicable, shall give the Issuer, the Indenture Trustee, the Owner Trustee, each Rating Agency, each Noteholder Certificateholder and the Depositor at least 30 [thirty (30)] days’ prior written notice of the date on which the Trust Fund is expected to terminate in accordance with Section 9.01, or the date on which the Notes Certificates will be redeemed in accordance with Section 9.02. Not later than the fifth Business Day in the Due Collection Period in which the final payment in respect to the Notes Certificates is payable to the NoteholdersCertificateholders, the Indenture Trustee Securities Administrator shall mail to the Noteholders Certificateholders a notice specifying the procedures with respect to such final payment. The Trust Securities Administrator on behalf of the Indenture Trustee shall give a copy of such notice to each Rating Agency at the time such notice is given to NoteholdersCertificateholders. Following the final payment thereon, such Notes Certificates shall become void, no longer outstanding and no longer evidence any right or interest in the Mortgage Loans, the Mortgage Files or any proceeds of the foregoing.. 139

Appears in 1 contract

Samples: Pooling and Servicing Agreement (TBALT Corp.)

Certain Notices upon Final Payment. The Master Servicer or the Trust Administrator, as applicable, shall give the Issuer, the Indenture Trustee, the Owner Trustee, each Rating Agency, each Noteholder and the Depositor at least 30 days’ prior written notice of the date on which the Trust is expected to terminate in accordance with Section 9.01, or the date on which the Notes will be redeemed in accordance with Section 9.02. Not later than the fifth Business Day in the Due Period in which the final payment distribution in respect to the Notes is payable to the Noteholders, the Indenture Trustee shall mail to the Noteholders a notice specifying the procedures with respect to such final paymentdistribution. The Trust Administrator on behalf of the Indenture Trustee shall give a copy of such notice to each Rating Agency at the time such notice is given to Noteholders. Following the final payment distribution thereon, such Notes shall become void, no longer outstanding and no longer evidence any right or interest in the Mortgage Loans, the Mortgage Files or any proceeds of the foregoing.

Appears in 1 contract

Samples: Transfer and Servicing Agreement (Asset Backed Sec Corp Fieldstone Mort Inv Tr Ser 2004-2)

Certain Notices upon Final Payment. The Master Servicer or the Trust Administrator, as applicable, Securities Administrator shall give the IssuerIssuing Entity, the Indenture Trustee, the Owner Trustee, each Rating Agency, each Noteholder Certificateholder and the Depositor at least 30 10 days’ prior written notice of the date on which the Trust Issuing Entity is expected to terminate in accordance with Section 9.0110.01, or the date on which the Notes Certificates will be redeemed in accordance with Section 9.0210.01. Not later than the fifth Business Day in the Due Period in which the final payment in respect to the Notes Certificates is payable to the NoteholdersCertificateholders, the Indenture Trustee Securities Administrator shall mail to the Noteholders Certificateholders a notice specifying the procedures with respect to such final payment. The Trust Securities Administrator on behalf of the Indenture Trustee shall give a copy of such notice to each Rating Agency at the time such notice is given to NoteholdersCertificateholders. Following the final payment thereon, such Notes Certificates shall become void, no longer outstanding and no longer evidence any right or interest in the Mortgage Loans, the Mortgage Files or any proceeds of the foregoing.

Appears in 1 contract

Samples: Pooling and Servicing Agreement (NYMT Securities CORP)

Certain Notices upon Final Payment. The Master Servicer or the Trust Securities Administrator, as applicable, shall give the Issuer, the Indenture Trustee, the Owner Trustee, each Rating Agency, the Swap Counterparty, each Noteholder and the Depositor at least 30 thirty Transfer and Servicing Agreement (30) days’ prior written notice of the date on which the Trust is expected to terminate in accordance with Section 9.01, or the date on which the Notes will be redeemed in accordance with Section 9.02. Not later than the fifth Business Day in the Due Collection Period in which the final payment in respect to the Notes is payable to the Noteholders, the Indenture Trustee Securities Administrator shall mail to the Noteholders a notice specifying the procedures with respect to such final payment. The Trust Securities Administrator on behalf of the Indenture Trustee shall give a copy of such notice to each Rating Agency at the time such notice is given to Noteholders. Following the final payment thereon, such Notes shall become void, no longer outstanding and no longer evidence any right or interest in the Mortgage Loans, the Mortgage Files or any proceeds of the foregoing.

Appears in 1 contract

Samples: Transfer and Servicing Agreement (Homebanc Corp)

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