Common use of Depositor Notification of NIM Notes Clause in Contracts

Depositor Notification of NIM Notes. The Depositor shall notify the Servicer, the Trustee and the Class A Certificate Insurer in writing when NIM Notes are issued with the contact information of the issuer and of the identity and contact information of the NIMs Insurer, if applicable, and when all previously issued NIM Notes are no longer outstanding. The Servicer and the Trustee shall have at least 10 days' notice of the issuance of any NIM Notes.

Appears in 2 contracts

Samples: Pooling and Servicing Agreement, Pooling and Servicing Agreement (First Franklin Mortgage Loan Trust, Series 2007-FFC)

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Depositor Notification of NIM Notes. The Depositor shall notify the Servicer, Servicer and the Trustee and the Class A Certificate Insurer in writing when NIM Notes are issued with the contact information of the issuer and of the identity and contact information of the NIMs Insurer, if applicable, and when all previously issued NIM Notes are no longer outstanding. The Servicer and the Trustee shall have at least 10 days' ten (10) days notice of the issuance of any NIM Notes.

Appears in 1 contract

Samples: Pooling and Servicing Agreement (Merrill Lynch First Franklin Mortgage Loan Trust, Series 2007-A)

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Depositor Notification of NIM Notes. The Depositor shall notify the Servicer, Servicer and the Trustee and the Class A Certificate Insurer in writing when NIM Notes are issued with the contact information of the issuer and of the identity and contact information of the NIMs Insurer, if applicable, and when all previously issued NIM Notes are no longer outstanding. The Servicer and the Trustee shall have at least 10 days' notice of the issuance of any NIM Notes.

Appears in 1 contract

Samples: Pooling and Servicing Agreement (Merrill Lynch Mortgage Investors Trust, Series 2007-Sd1)

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