Changes to Certificate Accounts; Control. The manner in which any Certificate Account is maintained may be changed at any time without notice to, or the approval of, Holders, so long as (a) that Certificate Account is maintained with an Eligible Depository and (b) funds or investments held in that Certificate Account by, or for the account of, the Trustee of the related Trust or Trusts are at all times identified as such. Only the Trustee may transfer or otherwise exercise control over the funds or investments in any Certificate Account. The Trustee may move funds from one Certificate Account to another Certificate Account at any time, as long as the criteria specified in clauses (a) and (b) above are satisfied.
Appears in 4 contracts
Samples: Second Amended and Restated 2016 Single Family Master Trust Agreement, Single Family Master Trust Agreement, Second Amended and Restated 2007 Single Family Master Trust Agreement
Changes to Certificate Accounts; Control. The manner in which any Certificate Account is maintained may be changed at any time without notice to, or the approval of, Holders, so long as (a) that Certificate Account is maintained with an Eligible Depository and (b) funds or investments held in that Certificate Account by, or for the account of, the Trustee of the related Trust or Trusts are at all times identified as such. Only the Trustee may transfer or otherwise exercise control over the funds or investments in any Certificate Account. The Trustee may move funds from one Certificate Account to another Certificate Account at any time, as long as the criteria specified in clauses (a) and (b) above are satisfied.satisfied.β
Appears in 1 contract
