Control by Bondholders. The Holders of a majority of the aggregate Bond Principal Balances of the Class A-1 Bonds, Class M Bonds and Class B Bonds and a majority of the Notional Amount of the Class A-IO Bonds shall have the right to direct the time, method and place of conducting any Proceeding for any remedy available to the Indenture Trustee with respect to the Bonds or exercising any trust or power conferred on the Indenture Trustee; provided that:
Appears in 3 contracts
Samples: Indenture (Imh Assets Corp Impac CMB Trust Series 2002 9f), Indenture (Imh Assets Corp Impac CMB Trust Series 2002 9f), Servicing Agreement (Imh Assets Corp Impac CMB Trust Series 2003-2f)
Control by Bondholders. The Holders of a majority of the aggregate Bond Principal Balances of the Bonds (other than the Class A-1 A-IO Bonds, Class M Bonds and Class B Bonds ) and a majority of the aggregate Notional Amount of the Class A-IO Bonds shall have the right to direct the time, method and place of conducting any Proceeding for any remedy available to the Indenture Trustee with respect to the Bonds or exercising any trust or power conferred on the Indenture Trustee; provided that:
Appears in 2 contracts
Samples: Indenture (IMPAC CMB Trust Series 2005-5), IMPAC CMB Trust Series 2005-5
Control by Bondholders. The Holders of a majority of the aggregate Bond Principal Balances of the Class A-1 Bonds, Class M Bonds and Class B Bonds and a majority of the aggregate Notional Amount of the Class A-IO IO-1 Bonds and Class A-IO-2 Bonds shall have the right to direct the time, method and place of conducting any Proceeding for any remedy available to the Indenture Trustee with respect to the Bonds or exercising any trust or power conferred on the Indenture Trustee; provided that:
Appears in 2 contracts
Samples: Mortgage Loan Purchase Agreement (Imh Assets Corp Impac CMB Trust Series 2004-9), Servicing Agreement (Imh Assets Corp Impac CMB Trust Series 2005-1)
Control by Bondholders. The Holders of a majority of the aggregate Bond Principal Balances of the Bonds (other than the Class A-1 1-A-IO Bonds, Class M Bonds and Class B Bonds ) and a majority of the aggregate Notional Amount of the Class 1-A-IO Bonds shall have the right to direct the time, method and place of conducting any Proceeding for any remedy available to the Indenture Trustee with respect to the Bonds or exercising any trust or power conferred on the Indenture Trustee; provided that:
Appears in 2 contracts
Samples: Servicing Agreement (Impac CMB Trust Series 2005-8), Servicing Agreement (Impac CMB Trust Series 2005-2, Collateralized Asset-Backed Bonds, Series 2005-2)
