Notification to Securityholders. Within five Business Days after the Servicer becomes aware of any Servicer Default, the Servicer shall give notice thereof to the Trustee, the Rating Agency and each Series Enhancer and the Trustee shall give notice to the Investor Securityholders. Upon any termination or appointment of a Successor Servicer pursuant to this Article, the Trustee shall give prompt notice thereof to the Investor Securityholders. [END OF ARTICLE X]
Appears in 2 contracts
Samples: Pooling and Servicing Agreement (Partners First Receivables Funding Corp), Pooling and Servicing Agreement (Partners First Credit Card Master Trust)
Notification to Securityholders. Within five Business ------------------------------- Days after the Servicer becomes aware of any Servicer Default, the Servicer shall give notice thereof to the Trustee, the Rating Agency and each Series Enhancer and the Trustee shall give notice to the Investor Securityholders. Upon any termination or appointment of a Successor Servicer pursuant to this Article, the Trustee shall give prompt notice thereof to the Investor Securityholders. [END OF ARTICLE X]
Appears in 1 contract
Samples: Pooling and Servicing Agreement (First National Bank of Atlanta)
