Common use of Action on Instruction Clause in Contracts

Action on Instruction. (a) Subject to Article IV and in accordance with the Transaction Documents, the Certificateholders may by written instruction direct the Owner Trustee in the management of the Trust. Such direction may be exercised at any time by written instruction of the Certificateholders pursuant to Article IV.

Appears in 49 contracts

Samples: Trust Agreement (CWHEQ Revolving Home Equity Loan Trust, Series 2007-D), Trust Agreement (CWHEQ Revolving Home Equity Loan Trust, Series 2007-G), Trust Agreement (CWHEQ Revolving Home Equity Loan Trust, Series 2007-E)

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Action on Instruction. (a) Subject to Article IV and in accordance with the Transaction Documents, the Certificateholders of an affected Series may by written instruction direct the Owner Trustee in the management of the Trust. Such direction may be exercised at any time by written instruction of the Certificateholders pursuant to Article IV.

Appears in 7 contracts

Samples: Master Trust Agreement (Cwabs Inc Revolving Home Eq Loan Asset BKD Notes Ser 2001-B), Master Trust Agreement (Cwabs Master Trust Series 2004-B), Master Trust Agreement (Cwabs Inc)

Action on Instruction. (a) Subject to Article IV ArticleIV and in accordance with the Transaction Documents, the Certificateholders may by written instruction direct the Owner Trustee in the management of the Trust. Such direction may be exercised at any time by written instruction of the Certificateholders pursuant to Article IV.

Appears in 1 contract

Samples: Trust Agreement (CWABS Revolving Home Equity Loan Trust, Series 2004-F)

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Action on Instruction. (a) Subject to Article IV and in accordance with the Transaction Documents, the Certificateholders may by written instruction direct the Owner Trustee Trustees in the management of the Trust. Such direction may be exercised at any time by written instruction of the Certificateholders pursuant to Article IV. The Certificateholders shall not instruct the Trustees in a manner inconsistent with this Agreement or the Transaction Documents.

Appears in 1 contract

Samples: Trust Agreement (Franklin Credit Holding Corp/De/)

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