Common use of Notification to Noteholders and Certificateholders Clause in Contracts

Notification to Noteholders and Certificateholders. If a Responsible Officer of the Indenture Trustee receives any written notice of a Servicer Termination Event or if the Servicer is terminated or a successor Servicer appointed pursuant to this Article V, then the Indenture Trustee will give prompt (but in no case later than five (5) Business Days) notice of such event to the Owner Trustee (who shall in turn give written notice thereof to the Certificateholders), the Issuing Entity, the Grantor Trust Trustee, the Grantor Trust, the Administrator, the Asset Representations Reviewer and the Noteholders.

Notification to Noteholders and Certificateholders. If a Responsible Officer of the Indenture Trustee receives any written notice of a Servicer Termination Event or if the Servicer is terminated or a successor Servicer appointed pursuant to this Article V, then the Indenture Trustee will give prompt (but in no case later than [five (5) )] Business Days) notice of such event to the Owner Trustee (who shall in turn give written notice thereof to the Certificateholders)Trustee, the Issuing Entity, [the Grantor Trust Trustee, the Grantor Trust, ,] the Administrator, the Asset Representations Reviewer Reviewer, the Noteholders and the NoteholdersCertificateholders.