Common use of Amendment Relating to Transfers to Disqualified Organizations Clause in Contracts

Amendment Relating to Transfers to Disqualified Organizations. The Issuer and the Trustee may, without the consent of any Holders of the Certificates of any Series, upon notice to the Holders of the Residual Certificates of such Series, notwithstanding any provisions hereof to the contrary, amend this Trust Agreement in such manner as the Issuer may direct; provided, however, that any such amendment will be limited to such matters as, in the judgment of the Issuer, based upon the written advice of its tax counsel, are reasonably necessary (i) to ensure that the record ownership of, or any beneficial interest in, any Residual Certificate is not transferred, directly or indirectly, to a Disqualified Organization and (ii) to provide for a means to compel the transfer of any Residual Certificate that is held by a Disqualified Organization to a Holder that is not a Disqualified Organization.

Amendment Relating to Transfers to Disqualified Organizations. The Issuer Xxxxxx Mae and the Trustee may, without the consent of any Holders of the Certificates of any SeriesQ-REMIC Interest Holders, upon notice to the Holders of the Residual Certificates of such SeriesQ-R Interest Holder for a Q-REMIC, notwithstanding any provisions hereof to the contrary, amend this Trust Agreement in such manner as the Issuer Xxxxxx Xxx may direct; provided, however, that any such amendment will be limited to such matters as, in the judgment of the IssuerXxxxxx Mae, based upon the written advice of its tax counsel, are reasonably necessary (i) to ensure that the record ownership of, or any beneficial interest in, any Residual Certificate Interest is not transferred, directly or indirectly, to a Disqualified Organization and (ii) to provide for a means to compel the transfer of any Residual Certificate Interest that is held by a Disqualified Organization to a Q-REMIC Interest Holder that is not a Disqualified Organization.

Amendment Relating to Transfers to Disqualified Organizations. The Issuer Xxxxxx Mae and the Trustee may, without the consent of any Holders of the Certificates of any Series, upon notice to the Holders of the Residual Certificates of such Series, notwithstanding any provisions hereof to the contrary, amend this Trust Agreement in such manner as the Issuer Xxxxxx Xxx may direct; provided, however, that any such amendment will shall be limited to such matters as, in the judgment of the IssuerXxxxxx Mae, based upon the written advice of its tax counsel, are reasonably necessary (i) to ensure that the record ownership of, or any beneficial interest in, any Residual Certificate is not transferred, directly or indirectly, to a Disqualified Organization and (ii) to provide for a means to compel the transfer of any Residual Certificate that which is held by a Disqualified Organization to a Holder that which is not a Disqualified Organization.

Amendment Relating to Transfers to Disqualified Organizations. The Issuer Xxxxxx Xxx and the Trustee may, without the consent of any Holders of the Certificates of any SeriesQ-REMIC Interest Holders, upon notice to the Holders of the Residual Certificates of such SeriesQ-R Interest Holder for a Q-REMIC, notwithstanding any provisions hereof to the contrary, amend this Trust Agreement in such manner as the Issuer Xxxxxx Xxx may direct; provided, however, that any such amendment will be limited to such matters as, in the judgment of the IssuerXxxxxx Xxx, based upon the written advice of its tax counsel, are reasonably necessary (i) to ensure that the record ownership of, or any beneficial interest in, any Residual Certificate Interest is not transferred, directly or indirectly, to a Disqualified Organization and (ii) to provide for a means to compel the transfer of any Residual Certificate Interest that is held by a Disqualified Organization to a Q-REMIC Interest Holder that is not a Disqualified Organization.