Common use of Notice of Default or Events of Default Clause in Contracts

Notice of Default or Events of Default. If a default or an Event of Default occurs and is continuing and if it is known to the Trustee, the Trustee shall mail to each Noteholder notice of all uncured defaults or Events of Default known to it within 30 days after the Trustee becomes aware of such defaults or Events of Default. However, the Trustee may withhold the notice if and so long as a committee of its Trust Officers in good faith determines that withholding notice is in the interests of Noteholders, except in the case of a default or an Event of Default in payment of the principal of, or premium, if any, or interest on any Note when due or in the payment of any redemption or purchase obligation.

Notice of Default or Events of Default. If a default or an Event of Default occurs and is continuing and if it is known to the Trustee, the Trustee shall mail to each Noteholder Securityholder notice of all uncured defaults or Events of Default known to it within 30 90 days after the Trustee becomes aware of such defaults or Events of Defaultit occurs. However, the Trustee may withhold the notice if and for a period of 30 days so long as a committee of its Trust Officers the Trustee in good faith determines that withholding notice is in the interests of NoteholdersSecurityholders, except in the case of a default or an Event of Default in payment of the principal of, or premium, if any, or interest on any Note Security when due or in the payment of any redemption or purchase obligation.