Common use of Notice of Events of Default Clause in Contracts

Notice of Events of Default. The Issuer agrees to give the Indenture Trustee, the Commission and the Rating Agencies prompt written notice of each Default or Event of Default hereunder as provided in Section 5.01, and each default on the part of the Seller or the Servicer of its obligations under the Sale Agreement or the Servicing Agreement, respectively.

Appears in 19 contracts

Samples: Indenture (Duke Energy Progress SC Storm Funding LLC), Indenture (Duke Energy Progress SC Storm Funding LLC), Indenture (Duke Energy Progress SC Storm Funding LLC)

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Notice of Events of Default. The Issuer agrees to give the Indenture Trustee, the Commission CPUC and the Rating Agencies prompt written notice of each Default or Event of Default hereunder as provided in Section 5.01, and each default on the part of the Seller or the Servicer of its obligations under the Sale Agreement or the Servicing Agreement, respectively.

Appears in 19 contracts

Samples: Indenture (PG&E Recovery Funding LLC), Indenture (PACIFIC GAS & ELECTRIC Co), Indenture (PG&E Recovery Funding LLC)

Notice of Events of Default. (a) The Issuer agrees to shall give the Indenture Trustee, the Commission Trustee and the Rating Agencies prompt written notice of each Default or Event of Default hereunder as provided hereunder, each default on the part of the Servicer of its obligations under the Servicing Agreement (and, in Section 5.01the case of a Servicer Default, shall specify in such notice the action, if any, the Issuer is taking with respect to such default) and each default on the part of the Seller or the Servicer Purchaser of its obligations under the Purchase and Sale Agreement or the Servicing Agreement, respectively.

Appears in 19 contracts

Samples: Indenture (GE Equipment Midticket LLC, Series 2011-1), Indenture (GE Equipment Midticket LLC, Series 2011-1), Indenture (GE Equipment Transportation LLC, Series 2014-1)

Notice of Events of Default. The Issuer agrees to give the Indenture Trustee, the Commission PUCT and the Rating Agencies prompt written notice of each Default or Event of Default hereunder as provided in Section 5.01, and each default on the part of the Seller or the Servicer of its obligations under the Sale Agreement or the Servicing Agreement, respectively.

Appears in 12 contracts

Samples: Indenture (Entergy Texas, Inc.), Indenture (AEP Texas Restoration Funding LLC), Indenture (AEP Transition Funding III LLC)

Notice of Events of Default. The Issuer agrees to give the Indenture Trustee, the Commission and the Rating Agencies prompt written notice of each Default or Event of Default hereunder as provided in Section 5.01, and each default on the part of the Seller or the Servicer of its obligations under the Sale Agreement or the Servicing Agreement, with respect to the Storm Recovery Property respectively.

Appears in 6 contracts

Samples: Indenture (Duke Energy Progress NC Storm Funding LLC), Indenture (Duke Energy Progress NC Storm Funding LLC), Indenture (Duke Energy Progress NC Storm Funding LLC)

Notice of Events of Default. The Issuer agrees to give the Indenture Trustee, the Commission MPSC and the Rating Agencies prompt written notice of each Default or Event of Default hereunder as provided in Section 5.01, and each default on the part of the Seller or the Servicer of its obligations under the Sale Agreement or the Servicing Agreement, respectively.

Appears in 6 contracts

Samples: Indenture (Empire District Bondco, LLC), Indenture (Evergy Missouri West Storm Funding I, LLC), Indenture (Evergy Missouri West Storm Funding I, LLC)

Notice of Events of Default. The Issuer agrees to give the Indenture Trustee, the Commission Trustee and the Rating Agencies prompt written notice of each Default or Event of Default hereunder as provided in Section 5.01and, and immediately after obtaining knowledge of any of the following occurrences, written notice of each default on the part of the Seller Servicer or the Servicer Transferor of its obligations under the Sale Agreement or the Transfer and Servicing Agreement, respectivelyeach default on the part of a Seller of its obligations under the Receivables Purchase Agreement and any action taken by the Indenture Trustee pursuant to Section 5.05.

Appears in 4 contracts

Samples: Master Indenture (Nordstrom Inc), Note Purchase Agreement (Bon Ton Stores Inc), Master Indenture (Nordstrom Inc)

Notice of Events of Default. The Issuer agrees to give the Indenture Trustee, the Commission Trustee and the Rating Agencies prompt written notice of each Default or Event of Default hereunder as provided in Section 5.01and, immediately after obtaining knowledge of any of the following occurrences, written notice of each default on the part of the Servicer or the Transferor of its obligations under the Transfer and Servicing Agreement and each default on the part of the Seller or the Servicer MCC of its obligations under the Contribution and Sale Agreement or the Servicing Agreement, respectively.

Appears in 3 contracts

Samples: Metlife Capital Equipment Loan Trusts, Metlife Capital Equipment Loan Trusts, Metlife Capital Equipment Loan Trusts

Notice of Events of Default. The Issuer agrees to give the Indenture Trustee, the Commission Council and the Rating Agencies prompt written notice of each Default or Event of Default hereunder as provided in Section 5.01, and each default on the part of the Seller or the Servicer of its obligations under the Sale Agreement or the Servicing Agreement, respectively.

Appears in 3 contracts

Samples: Indenture (Entergy New Orleans Storm Recovery Funding I, L.L.C.), Indenture (Entergy New Orleans Storm Recovery Funding I, L.L.C.), Indenture (Entergy New Orleans Storm Recovery Funding I, L.L.C.)

Notice of Events of Default. The Issuer agrees to give the Indenture Trustee, Trustee (in the Commission form of an Officer’s Certificate) and the Rating Agencies prompt written notice of each Default or Event of Default hereunder as provided in Section 5.01, and each default on the part of the Seller or the Servicer of its obligations under the Sale Agreement or the Servicing Agreement, respectively.

Appears in 3 contracts

Samples: Indenture (Virginia Power Fuel Securitization, LLC), Indenture (Virginia Power Fuel Securitization, LLC), Indenture (Virginia Power Fuel Securitization, LLC)

Notice of Events of Default. The Issuer agrees to shall give the Indenture Trustee, the Commission Trustee and the Rating Agencies prompt written notice of each Default or Event of Default hereunder as provided in Section 5.01, and of each default on the part of the Seller or the Servicer of its obligations under any party to the Sale and Servicing Agreement or the Servicing Agreement, respectively.Purchase Agreement with respect to any of the provisions thereof. SECTION 3.20

Appears in 3 contracts

Samples: Mmca Auto Receivables Inc, Daimler Benz Vehicle Receivables Corp, Mmca Auto Receivables Inc

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Notice of Events of Default. The Issuer agrees to give the Indenture Trustee, the Commission Trustee and the Rating Agencies prompt written notice of each Default or Event of Default hereunder as provided in Section 5.01hereunder, and each Servicer Default, each default on the part of the Seller or the Servicer of its obligations under the Trust Sale and Servicing Agreement or and each default on the part of GMAC of its obligations under the Pooling and Servicing Agreement, respectively.

Appears in 2 contracts

Samples: Indenture (Central Originating Lease Trust), Indenture (Capital Auto Receivables Inc)

Notice of Events of Default. The Issuer agrees to give the Indenture Trustee, the Commission LPSC and the Rating Agencies prompt written notice of each Default or Event of Default hereunder as provided in Section 5.01, and each default on the part of the Seller or the Servicer of its obligations under the Sale Agreement or the Servicing Agreement, respectively.

Appears in 2 contracts

Samples: Indenture (Entergy Louisiana Investment Recovery Funding I, L.L.C.), Indenture (Entergy Louisiana Investment Recovery Funding I, L.L.C.)

Notice of Events of Default. The Issuer agrees to give the Indenture Trustee, the Commission Trustee and the Rating Agencies prompt written notice of each Default or Event of Default hereunder as provided in Section 5.01, and each default on the part of the Seller or the Servicer of its obligations under the Sale Agreement or the Servicing Agreement, respectively.

Appears in 2 contracts

Samples: Intercreditor Agreement (PSNH Funding LLC 3), Intercreditor Agreement (PSNH Funding LLC 3)

Notice of Events of Default. The Issuer agrees to give the Indenture Trustee, the Commission Trustee and the Rating Agencies prompt written notice of each Default or Event of Default hereunder as provided in Section 5.01hereunder, each Servicing Default, any Insolvency Event with respect to the Transferor, each default on the part of the Transferor or the Servicer of its respective obligations under the Trust Sale and Servicing Agreement and each default on the part of the Seller or the Servicer World Omni of its obligations under the Sale Agreement or the Servicing Receivables Purchase Agreement, respectivelyin each case promptly after the discovery thereof by the Issuer.

Appears in 2 contracts

Samples: Indenture (Wodfi LLC), Indenture (Wodfi LLC)

Notice of Events of Default. The Issuer agrees to give the Indenture Trustee, the Commission Trustee and the Rating Agencies prompt written notice of each Default or Event of Default hereunder as provided in Section 5.01hereunder, and each Servicer Default, each default on the part of the Seller or the Servicer of its respective obligations under the Trust Sale and Servicing Agreement and each default on the part of GMAC or the Servicer of its respective obligations under the Pooling and Servicing Agreement, respectively.

Appears in 1 contract

Samples: Capital Auto Receivables Inc

Notice of Events of Default. The Issuer agrees to give the Indenture Trustee, the Commission Rating Agencies, and the Rating Agencies Commission prompt written notice of each Default or Event of Default hereunder as provided in Section 5.01, and each default on the part of the Seller or the Servicer of its obligations under the Sale Agreement or the Servicing Agreement, respectively.

Appears in 1 contract

Samples: Indenture

Notice of Events of Default. The Issuer agrees to give the Indenture Trustee, the Commission Trustee and the Rating Agencies prompt written notice of each Default or Event of Default hereunder as provided in Section 5.01, and each default 117 on the part of the Seller Master Trust or the Servicer Sellers of its their respective obligations under the Sale Agreement or the Pooling and Servicing Agreement, respectivelyand any default of a Derivative Counterparty.

Appears in 1 contract

Samples: Citibank Credit Card Issuance Trust

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