Common use of Special Notices to the Rating Agencies Clause in Contracts

Special Notices to the Rating Agencies. (a) The Trustee (or, in the case of the items in clauses (vi) and (vii), the successor trustee) shall give prompt notice to the Rating Agencies and, except in the case of clause (viii), the Operating Adviser (or if no Operating Adviser has been elected, the Majority Certificateholder of the Controlling Class), of the occurrence of any of the following events of which it has notice or actual knowledge:

Appears in 4 contracts

Samples: Pooling and Servicing Agreement (Morgan Stanley Capital I Inc), Pooling and Servicing Agreement (Heller Financial Commercial Mort Asset Corp Series 1999 Ph 2), Pooling and Servicing Agreement (Morgan Stanley Capital I Inc)

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Special Notices to the Rating Agencies. (a) The Trustee (or, in the case of the items in clauses (vi) and (vii), the successor trustee) shall give prompt notice to the Rating Agencies and, except in the case of clause (viii), the Operating Adviser (or if no Operating Adviser has been elected, the Majority Certificateholder of the 159 Controlling Class), of the occurrence of any of the following events of which it has notice or actual knowledge:

Appears in 1 contract

Samples: Pooling and Servicing Agreement (Morgan Stanley Capital I Inc Depositor for Series 1999-Fnv1)

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