Common use of Amendments to Owner Trust Agreement Clause in Contracts

Amendments to Owner Trust Agreement. Subject to Section 11.1 of the Owner Trust Agreement, the Indenture Trustee shall, upon Issuer Order, consent to any proposed amendment to the Owner Trust Agreement or an amendment to or waiver of any provision of any other document relating to the Owner Trust Agreement, such consent to be given without the necessity of obtaining the consent of the Holders of any Notes upon satisfaction of the requirements under Section 11.1 of the Owner Trust Agreement. Nothing in this Section shall be construed to require that any Person obtain the consent of the Indenture Trustee to any amendment or waiver or any provision of any document where the making of such amendment or the giving of such waiver without obtaining the consent of the Indenture Trustee is not prohibited by this Indenture or by the terms of the document that is the subject of the proposed amendment or waiver.

Appears in 15 contracts

Samples: Indenture (Bcap LLC), Mortgage Loan Trust Indenture (Hsi Asset Securitization Corp), Indenture (Painewebber Mort Acce Corp Iv Fremont Home Ln Own Tr 1999-2)

AutoNDA by SimpleDocs
Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!