Common use of Acceleration of Maturity; Rescission and Annulment Clause in Contracts

Acceleration of Maturity; Rescission and Annulment. (a) If an Event of Default shall have occurred and be continuing, the Indenture Trustee or the Holders of Notes evidencing not less than 51% of the Note Balance of the Controlling Class may, upon prior written notice to the Administrator (who shall promptly forward such notice to each Rating Agency), declare the Notes to be immediately due and payable by written notice to the Issuer (and to the Indenture Trustee if given by Noteholders), the Depositor and the Servicer, and upon any such declaration the unpaid principal amount of the Notes, together with accrued and unpaid interest thereon through the date of acceleration, shall become immediately due and payable.

Acceleration of Maturity; Rescission and Annulment. (a) If an Event of Default shall have occurred occur and be continuing, then and in every such case the Indenture Trustee or may, and if so directed in writing by the Holders of Notes evidencing representing not less than 51% a majority of the Note Balance Outstanding Amount of the Controlling Class may, upon prior written notice to the Administrator (who shall promptly forward such notice to each Rating Agency)of Notes shall, declare all the Notes to be then immediately due and payable payable, by written a notice in writing to the Issuer (and to the Indenture Trustee if given by Noteholders), the Depositor and the Servicer, and upon any such declaration the unpaid principal amount Outstanding Amount of the such Notes, together with accrued and unpaid interest thereon through the date of acceleration, shall become immediately due and payable.

Acceleration of Maturity; Rescission and Annulment. (a) If an Event of Default shall have occurred should occur and be continuing, the Indenture Trustee or then and in every such case the Holders of Notes evidencing representing not less than 51% a majority of the Note Balance Outstanding Amount or the Indenture Trustee, at the request or direction of the Controlling Class mayHolders of Notes representing not less than a majority of the Outstanding Amount, upon prior written notice to the Administrator (who shall promptly forward such notice to each Rating Agency), may declare all the Notes to be immediately due and payable payable, by written a notice in writing to the Issuer (and to the Indenture Trustee if given by Noteholders), the Depositor and the Servicer, and upon any such declaration the unpaid principal amount of the such Notes, together with accrued and unpaid interest thereon through the date of acceleration, shall become immediately due and payable.

Acceleration of Maturity; Rescission and Annulment. (a) If an Event of Default shall have occurred and be continuing, the Indenture Trustee or the Holders of Notes evidencing not less than 51% of the Note Balance of the Controlling Class may, upon prior written notice to the Administrator (who shall promptly forward such notice to each Rating Agency), declare the Notes to be immediately due and payable payable, by written a notice in writing to the Issuer (and to the Indenture Trustee if given by Noteholders), the Depositor and the Servicer, and upon any such declaration the unpaid principal amount of the Notes, together with accrued and unpaid interest thereon through the date of acceleration, shall become immediately due and payable.

Acceleration of Maturity; Rescission and Annulment. (a) If an Event of Default shall have occurred and be continuing, the Indenture Trustee or the Holders of Notes evidencing not less than 51% of the Note Balance of the Controlling Class may, upon prior written notice to the Administrator (who shall promptly forward such notice to each Rating Agency), declare the Notes to be immediately due and payable by written notice to the Issuer (and to the Indenture Trustee if given by Noteholders), the Depositor and the Servicer, and upon any such declaration the unpaid principal amount of the Notes, together with accrued and unpaid interest thereon through the date of acceleration, shall become immediately due and payable.

Acceleration of Maturity; Rescission and Annulment. (a) If an Event of Default shall have occurred should occur and be continuing, the Indenture Trustee or shall, at the written direction of the Holders of Notes evidencing representing not less than 51% a majority of the Note Balance Outstanding Amount of the Controlling Class may, upon prior written notice to the Administrator (who shall promptly forward such notice to each Rating Agency)Class, declare all of the Notes to be immediately due and payable payable, by written a notice in writing to the Issuer Issuing Entity (and to the Indenture Trustee if given by the Noteholders), ) setting forth the Depositor and the ServicerEvent of Default or Events of Default, and upon any such declaration the unpaid principal amount of the such Notes, together with accrued and unpaid interest thereon through the date of acceleration, shall become immediately due and payable.

Acceleration of Maturity; Rescission and Annulment. (a) If an Event of Default shall have occurred occur and be continuing, then and in every such case the Indenture Trustee may, or the Indenture Trustee if so directed in writing by the Holders of Notes evidencing representing not less than 51% a majority of the Note Balance Outstanding Amount of the Controlling Class may, upon prior written notice to the Administrator (who shall promptly forward such notice to each Rating Agency)of Notes shall, declare all the Notes to be then immediately due and payable payable, by written a notice in writing to the Issuer (and to the Indenture Trustee if given by Noteholders), the Depositor and the Servicer, and upon any such declaration the unpaid principal amount Outstanding Amount of the such Notes, together with accrued and unpaid interest thereon through the date of acceleration, shall become immediately due and payable.

Acceleration of Maturity; Rescission and Annulment. (a) If an Event of Default shall have occurred should occur and be continuing, then and in every such case, unless the principal amount of the Notes shall have already become due and payable, either the Indenture Trustee or the Holders of Notes evidencing representing not less than 51% a majority of the Note Balance Outstanding Amount of the Controlling Class may, upon prior written notice to the Administrator (who shall promptly forward such notice to each Rating Agency), Notes may declare all the Notes to be immediately due and payable payable, by written a notice in writing to the Issuer (and to the Indenture Trustee if given by the Noteholders), ) setting forth the Depositor and the ServicerEvent or Events of Default, and upon any such declaration the unpaid principal amount of the such Notes, together with accrued and unpaid interest thereon through the date of acceleration, shall become immediately due and payable.

Acceleration of Maturity; Rescission and Annulment. (a) If an Event of Default shall have occurred occur and be continuing, then and in every such case the Indenture Trustee may, or the Indenture Trustee if so directed in writing by the Holders of Notes evidencing representing not less than 51% a majority of the Note Balance Outstanding Amount of the Controlling Class may, upon prior written notice to the Administrator (who shall promptly forward such notice to each Rating Agency)Notes shall, declare all the Notes to be then immediately due and payable payable, by written a notice in writing to the Issuer (and to the Indenture Trustee if given by Noteholders), the Depositor and the Servicer, and upon any such declaration the unpaid principal amount Outstanding Amount of the such Notes, together with accrued and unpaid interest thereon through the date of acceleration, shall become immediately due and payable.

Acceleration of Maturity; Rescission and Annulment. (a) If an Event of Default shall have occurred should occur and be continuing, then and in every such case, unless the principal amount of the Notes shall have already become due and payable, either the Indenture Trustee or the Holders of Notes evidencing representing not less than 51% a majority of the Note Balance Outstanding Amount of the Controlling Class may, upon prior written notice to the Administrator (who shall promptly forward such notice to each Rating Agency), Voting Notes may declare all the Notes to be immediately due and payable payable, by written a notice in writing to the Issuer Owner Trustee (and to the Indenture Trustee if given by the Noteholders), ) setting forth the Depositor and the ServicerEvent or Events of Default, and upon any such declaration the unpaid principal amount of the Notes, Notes together with accrued and unpaid interest thereon through the date of acceleration, shall become immediately due and payable.

Acceleration of Maturity; Rescission and Annulment. (a) If an Event of Default shall have occurred and be continuing, the Indenture Trustee or the Holders of Notes evidencing not less than 51% of the Note Balance of the Controlling Class may, upon prior written notice to the Administrator (who shall promptly forward such notice to each Rating Agency), declare the Notes to be immediately due and payable by written notice to the Issuer (and to the Indenture Trustee if given by Noteholders), the Depositor and the Master Servicer, and upon any such declaration the unpaid principal amount of the Notes, together with accrued and unpaid interest thereon through the date of acceleration, shall become immediately due and payable.

Acceleration of Maturity; Rescission and Annulment. (a) If an Event of Default shall have occurred and be continuing, the Indenture Trustee or the Holders of Notes evidencing not less than 51% of the Note Balance of the Controlling Class may, upon prior written notice to the Administrator (who shall promptly forward such notice to each Rating Agency)Agency and the Swap Counterparty, declare the Notes to be immediately due and payable by written notice to the Issuer (and to the Indenture Trustee if given by Noteholders), the Depositor and the Master Servicer, and upon any such declaration the unpaid principal amount of the Notes, together with accrued and unpaid interest thereon through the date of acceleration, shall become immediately due and payable.

Acceleration of Maturity; Rescission and Annulment. (a) If an Event of Default shall have occurred and be continuing, the Indenture Trustee or the Holders of Notes evidencing not less than 51% of the Note Balance of the Controlling Class Notes may, upon prior written notice to the Administrator (who shall promptly forward such notice to each Rating Agency), declare the Notes to be immediately due and payable payable, by written a notice in writing to the Issuer (and to the Indenture Trustee if given by Noteholders), the Depositor and the Servicer, and upon any such declaration the unpaid principal amount of the Notes, together with accrued and unpaid interest thereon through the date of acceleration, shall become immediately due and payable.

Acceleration of Maturity; Rescission and Annulment. (a) If an Event of Default shall have occurred and be continuing, the Indenture Trustee or the Holders of Notes evidencing not less than 51% of the Note Balance of the Controlling Class may, upon prior written notice to [the Swap Counterparty and] the Administrator (who shall promptly forward such notice to each Rating Agency), declare the Notes to be immediately due and payable by written notice to the Issuer (and to the Indenture Trustee if given by Noteholders), the Depositor and the Servicer, and upon any such declaration the unpaid principal amount of the Notes, together with accrued and unpaid interest thereon through the date of acceleration, shall become immediately due and payable.

Acceleration of Maturity; Rescission and Annulment. (a) If an Event of Default shall have occurred and be continuing, the Indenture Trustee or the Holders of Notes evidencing not less than 51% of the Note Balance of the Controlling Class may, upon prior written notice to the Administrator (who shall promptly forward such notice to each Rating Agency)Agency and the Administrator, declare the Notes to be immediately due and payable by written notice to the Issuer (and to the Indenture Trustee if given by Noteholders), the Depositor and the Servicer, and upon any such declaration the unpaid principal amount of the Notes, together with accrued and unpaid interest thereon through the date of acceleration, shall become immediately due and payable.

Acceleration of Maturity; Rescission and Annulment. (a) If an Event of Default shall have occurred and be continuing, the Indenture Trustee or the Holders of Notes evidencing not less than 51% [51]% of the Note Balance of the Controlling Class may, upon prior written notice to the Administrator (who shall promptly forward such notice to each Rating Agency), declare the Notes to be immediately due and payable payable, by written a notice in writing to the Issuer (and to the Indenture Trustee if given by Noteholders), the Depositor and the Servicer, and upon any such declaration the unpaid principal amount of the Notes, together with accrued and unpaid interest thereon through the date of acceleration, shall become immediately due and payable.