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 ten days’ prior written notice of the date on which the Trust is expected to terminate in accordance with Section 9.01. The Trust Administrator shall mail to the Noteholders a notice specifying the procedures with respect to such final payment, which notice may be combined with the notice required by the preceding sentence. 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.

Certain Notices upon Final Payment. The Master Servicer or the Trust Administrator, as applicable, Administrator shall give the IssuerIssuing Entity, the Indenture Trustee, the Owner Trustee, each Rating Agency, each Noteholder and the Depositor at least ten days’ prior written notice of the date on which the Trust is expected to terminate in accordance with Section 9.01. The Trust Administrator shall mail to the Noteholders a notice specifying the procedures with respect to such final payment, which notice may be combined with the notice required by the preceding sentence. 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.