Common use of Potential Termination Events Clause in Contracts

Potential Termination Events. (a) (Notify Potential Termination Event): If the Trustee, the Manager or the Servicer becomes aware of the occurrence of a Potential Termination Event it must promptly notify in writing the others and the Security Trustee and the Class A-1 Note Trustee. (b) (Trustee must determine whether Potential Termination Event has Adverse Effect): Upon becoming aware of a Potential Termination Event, the Trustee must promptly determine whether in its reasonable opinion the Potential Termination Event has or will have an Adverse Effect and must promptly thereafter notify in writing the Manager, the Servicer, the Security Trustee and the Class A-1 Note Trustee of its determination.