Required Person definition
Examples of Required Person in a sentence
In addition, Trustee shall give prompt written notice to the Investor Certificateholders of any lack of substantial conformity of any such instrument to the applicable requirements of this Agreement discovered by Trustee that would entitle a specified percentage of the Investor Certificateholders or the Holders of any Series of Certificates or any Required Person to take any action pursuant to this Agreement.
Upon the request of the Trustee or any Required Person after the occurrence and continuance of a Servicer Default, the Servicer will deliver copies of all books and records maintained pursuant to this Section 3.5(a) to such Trustee or Required Person.
No waiver or approval by Buyer, the Trustee or any Required Person under this Agreement shall, except as may otherwise be stated in the waiver or approval, be applicable to subsequent transactions.
Such Section of the Purchase Agreement requires ICP to give written notice to Transferor of the occurrence of a Seller Change Event not less than 30 days prior to the occurrence thereof, and Transferor hereby agrees to give prompt written notice of its receipt of any such notice to Trustee, the Rating Agencies and each Required Person.
If no successor Trustee shall have been so appointed and shall have accepted appointment within 30 days after the giving of the notice of resignation or within 10 days after the giving of the notice of removal, the resigning or removed Trustee, upon notice to each Required Person, may petition any court of competent jurisdiction to appoint a successor Trustee.
During the first week of each year, Trustee shall provide the Rating Agencies and each Required Person with a certificate, signed by a Responsible Officer, to the effect that Trustee is not aware of any Early Amortization Event (or, if it is aware of any Early Amortization Event, specifying the nature of that event).
Such Seller shall use best efforts to minimize the deposit of any funds other than Collections into any of the Lockbox Accounts and, to the extent that any such funds nevertheless are deposited into any of the Lockbox Accounts, shall promptly identify any such funds, or shall cause the funds to be so identified, to Buyer, the Servicer, the Trustee and each Required Person (following which notice, Buyer shall use best efforts to cause the Servicer to return all the funds to such Seller).
ICP and each Person that will be added as a Subsidiary shall give to Buyer, the Trustee, the Rating Agencies and each Required Person not less than 30 days' prior written notice of the effective date of the addition of such Person as a Subsidiary.
On each Report Date, Servicer shall deliver to Trustee, the Paying Agent, Transferor, the Rating Agencies and each Required Person a certificate of an Authorized Officer of Servicer substantially in the form of Exhibit C, with such additions as may be required by any Supplement.
Within two Business Days after an Authorized Officer of Servicer becomes aware of any Servicer Default, Servicer shall give written notice thereof to Transferor, Trustee, each Required Person and the Rating Agencies, and Trustee shall, promptly upon receipt of the written notice, give notice to the other Investor Certificateholders at their respective addresses appearing in the Certificate Register.