Common use of Amendments With Consent of Certificateholders Clause in Contracts

Amendments With Consent of Certificateholders. This Agreement may be amended from time to time by the Seller and the Owner Trustee with the consent of the Note Insurer and more than a majority in Percentage Interests of the Certificates for the purpose of adding any provisions to or changing in any manner or eliminating any of the provisions of this Agreement, or of modifying in any manner the rights of the Certificateholders; provided, however, that no such amendment shall (a) increase or reduce in any manner the amount of, or accelerate or delay the timing of, collections of payments on Mortgage Loans or distributions that shall be made for the benefit of the Certificateholders or (b) reduce the aforesaid percentage required to consent to any such amendment, without the consent of the Holders of all of the Certificates then outstanding.

Appears in 4 contracts

Samples: Trust Agreement (First Alliance Mortgage Co /De/), Trust Agreement (First Alliance Mortgage Loan Trust 1998-1a), Trust Agreement (First Alliance Mortgage Loan Trust 1998-2)

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Amendments With Consent of Certificateholders. This Agreement may be amended from time to time by the Seller Depositor and the Owner Trustee with the consent of the Note Insurer and more than a majority in Percentage Interests of the Certificates for the purpose of adding any provisions to or changing in any manner or eliminating any of the provisions of this Agreement, or of modifying in any manner the rights of the Certificateholders; provided, however, that no such amendment shall (a) increase or reduce in any manner the amount of, or accelerate or delay the timing of, collections of payments on Mortgage Home Equity Loans or distributions that shall be made for the benefit of the Certificateholders or (b) reduce the aforesaid percentage required to consent to any such amendment, without the consent of the Holders of all of the Certificates then outstanding.

Appears in 3 contracts

Samples: Owner Trust Agreement (Imc Home Equity Loan Owner Trust 1997-6), Trust Agreement (Imc Home Equity Loan Owner Trust 1997-8), Trust Agreement (Imc Securities Inc)

Amendments With Consent of Certificateholders. This Agreement may be amended from time to time by the Seller Depositor, and the Owner Trustee with the consent of the Note Insurer and more than a majority in Percentage Interests of the Certificates for the purpose of adding any provisions to or changing in any manner or eliminating any of the provisions of this Agreement, or of modifying in any manner the rights of the Certificateholders; provided, however, that no such amendment shall (a) increase or reduce in any manner the amount of, or accelerate or delay the timing of, collections of payments on Mortgage Home Equity Loans or distributions that shall be made for the benefit of the Certificateholders or (b) reduce the aforesaid percentage required to consent to any such amendment, without the consent of the Holders of all of the Certificates then outstanding.

Appears in 3 contracts

Samples: Trust Agreement (Imc Home Equity Loan Owner Trust 1998-6), Trust Agreement (Imc Home Equity Loan Owner Trust 1998-7), Trust Agreement (Imc Home Equity Loan Owner Trust 1998-4)

Amendments With Consent of Certificateholders. This Agreement may be amended from time to time by the Depositor, the Seller and the Owner Trustee with the consent of the Note Insurer and more than a majority in Percentage Interests of the Certificates for the purpose of adding any provisions to or changing in any manner or eliminating any of the provisions of this Agreement, or of modifying in any manner the rights of the Certificateholders; provided, however, that no such amendment shall (a) increase or reduce in any manner the amount of, or accelerate or delay the timing of, collections of payments on Mortgage Home Equity Loans or distributions that shall be made for the benefit of the Certificateholders or (b) reduce the aforesaid percentage required to consent to any such amendment, without the consent of the Holders of all of the Certificates then outstanding.

Appears in 1 contract

Samples: Trust Agreement (Bear Stearns Asset Backed Securities Inc)

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Amendments With Consent of Certificateholders. This Agreement may be amended from time to time by the Seller Depositor, and the Owner Trustee with the consent of the Note Insurer and more than a majority in Percentage Interests of the Certificates for the purpose of adding any provisions to or changing in any manner or eliminating any of the provisions of this Agreement, or of modifying in any manner the rights of the Certificateholders; provided, however, that no such amendment shall (a) increase or reduce in any manner the amount of, or accelerate or delay the timing of, collections of payments on Mortgage Loans or distributions that shall be made for the benefit of the Certificateholders or (b) reduce the aforesaid percentage required to consent to any such amendment, without the consent of the Holders of all of the Certificates then outstanding.

Appears in 1 contract

Samples: Trust Agreement (Amresco Residential Securities Corp)

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