Common use of Review of Statements Clause in Contracts

Review of Statements. If, within thirty (30) days after the Custodian makes available to the Issuer, the Note Trustee and the Security Trustee (if applicable) a statement with respect to the Accounts and none of the Issuer, the Note Trustee or the Security Trustee (as applicable) has given the Custodian written notice of any exception or objection thereto, the statement shall be deemed to have been approved. In case of an exception or objection being raised, the Custodian shall address with reasonable efforts such exception or objection.

Review of Statements. If, within thirty (30) days after the Custodian makes available to the Issuer, the Note Trustee Issuer and the Security Trustee (if applicable) a statement with respect to the Accounts and none of the IssuerAccounts, the Note Issuer and Trustee or the Security Trustee (as applicable) has have not given the Custodian written notice of any exception or objection thereto, the statement shall be deemed to have been approved. In case of an exception or objection being raised, the Custodian shall address with reasonable efforts such exception or objection.