Common use of Action by Certificateholder with Respect to Certain Matters Clause in Contracts

Action by Certificateholder with Respect to Certain Matters. The Owner Trustee shall not have the power, except upon the direction of the Certificateholder, and except as expressly provided in the Basic Documents, to sell the Mortgage Loans after the termination of the Indenture. The Owner Trustee shall take the actions referred to in the preceding sentence only upon written instructions signed by the Certificateholder.

Action by Certificateholder with Respect to Certain Matters. The Owner Trustee shall not have the power, except upon the direction of the CertificateholderCertificateholder to, and except as expressly provided in the Basic Documents, to sell the Mortgage Loans after the termination of the Indenture. The Owner Trustee shall take the actions referred to in the preceding sentence only upon written instructions signed by the Certificateholder.

Action by Certificateholder with Respect to Certain Matters. The Owner Trustee shall not have the power, except upon the direction of the Certificateholder, and to (a) except as expressly provided in the Basic Transaction Documents, to sell the Mortgage Loans Collateral after the termination of the Indenture, (b) remove the Administrator under the Administration Agreement pursuant to Section 10 thereof or (c) appoint a successor Administrator pursuant to Section 10 of the Administration Agreement. The Owner Trustee shall take the actions referred to in the preceding sentence only upon written instructions signed by the Certificateholder.