Control by Credit Enhancer or Noteholders. If no Credit Enhancer Default exists, then the Credit Enhancer, otherwise the Holders of not less than 51% of the aggregate Outstanding Amount of both Classes, may direct the time, method, and place of conducting any Proceeding for any remedy available to the Indenture Trustee with respect to the Notes or exercising any right conferred on the Indenture Trustee. No direction shall be binding unless:
Appears in 22 contracts
Samples: Custodial Agreement (CWHEQ Revolving Home Equity Loan Asset Backed Notes, Series 2005-D), Custodial Agreement (CWHEQ Revolving Home Equity Loan Asset Backed Notes, Series 2005-G), Custodial Agreement (CWABS Revolving Home Equity Loan Trust, Series 2004-L)
Control by Credit Enhancer or Noteholders. If no Credit Enhancer Default exists, then the Credit Enhancer, otherwise the Holders of not less than 51% of the aggregate Outstanding Amount of both ClassesAmount, may direct the time, method, and place of conducting any Proceeding for any remedy available to the Indenture Trustee with respect to the Notes or exercising any right conferred on the Indenture Trustee. No direction shall be binding unless:
Appears in 15 contracts
Samples: Indenture (Cwabs Inc Revolving Home Eq Loan Asset BKD Notes Ser 2001-B), Custodial Agreement (Cwabs Inc Revolving Home Equity Loan Notes Series 2004-C), Indenture (Cwabs Inc)
Control by Credit Enhancer or Noteholders. (a) If no Credit Enhancer Default exists, then the Credit Enhancer, otherwise the Holders of not less than 51% of the aggregate Outstanding Amount of both Classes, may direct the time, method, and place of conducting any Proceeding for any remedy available to the Indenture Trustee with respect to the Notes or exercising any right conferred on the Indenture Trustee. No direction shall be binding unless:
Appears in 4 contracts
Samples: Custodial Agreement (CWABS Revolving Home Equity Loan Trust Series, 2004-P), Custodial Agreement (CWHEQ Revolving Home Equity Loan Asset Backed Notes, Series 2005-A), Custodial Agreement (CWHEQ, Inc.)
Control by Credit Enhancer or Noteholders. (a) If no Credit Enhancer Default exists, then the Credit Enhancer, otherwise the Holders of not less than 51% of the aggregate Outstanding Amount of both ClassesAmount, may direct the time, method, and place of conducting any Proceeding for any remedy available to the Indenture Trustee with respect to the Notes or exercising any right conferred on the Indenture Trustee. No direction shall be binding unless:
Appears in 3 contracts
Samples: Indenture (Cwabs Inc), Indenture (Cwabs Inc), Custodial Agreement (CWABS Revolving Home Equity Loan Trust, Series 2004-I)
Control by Credit Enhancer or Noteholders. (a) If no Credit Enhancer Default exists, then the Credit Enhancer, otherwise the Holders of not less than 51% of the aggregate Outstanding Amount of both all Classes, may direct the time, method, and place of conducting any Proceeding for any remedy available to the Indenture Trustee with respect to the Notes or exercising any right conferred on the Indenture Trustee. No direction shall be binding unless:
Appears in 3 contracts
Samples: Custodial Agreement (CWHEQ Revolving Home Equity Loan Trust, Series 2005-L), Custodial Agreement (CWHEQ Revolving Home Equity Loan Trust, Series 2005-I), Custodial Agreement (CWHEQ Revolving Home Equity Loan Trust, Series 2005-M)
Control by Credit Enhancer or Noteholders. If no Credit Enhancer Default exists, then the Credit Enhancer, otherwise the Holders of not less than 51% of the aggregate Outstanding Amount of both Classes, the Notes may direct the time, method, and place of conducting any Proceeding for any remedy available to the Indenture Trustee with respect to the Notes or exercising any right conferred on the Indenture Trustee. No direction shall be binding unless:
Appears in 3 contracts
Samples: Custodial Agreement (CWHEQ Revolving Home Equity Loan Trust, Series 2007-C), Custodial Agreement (CWHEQ Revolving Home Equity Loan Trust, Series 2007-B), Custodial Agreement (CWHEQ Revolving Home Equity Loan Trust, Series 2007-A)
Control by Credit Enhancer or Noteholders. If no Credit Enhancer Default exists, then the Credit Enhancer, otherwise the Holders of not less more than 5150% of the aggregate Outstanding Amount of both Classes, the Notes may direct the time, method, and place of conducting any Proceeding for any remedy available to the Indenture Trustee with respect to the Notes or exercising any right conferred on the Indenture Trustee. No direction shall be binding unless:
Appears in 2 contracts
Samples: Custodial Agreement (CWHEQ Revolving Home Equity Loan Trust, Series 2007-E), Custodial Agreement (CWHEQ Revolving Home Equity Loan Trust, Series 2007-D)
Control by Credit Enhancer or Noteholders. If no Credit Enhancer Default exists, then the Credit Enhancer, otherwise the Holders of not less than 51% of the aggregate Outstanding Amount of both Classes, all Classes may direct the time, method, and place of conducting any Proceeding for any remedy available to the Indenture Trustee with respect to the Notes or exercising any right conferred on the Indenture Trustee. No direction shall be binding unless:
Appears in 2 contracts
Samples: Custodial Agreement (CWHEQ Revolving Home Equity Loan Trust, Series 2006-F), Custodial Agreement (CWHEQ Revolving Home Equity Loan Trust, Series 2006-I)
Control by Credit Enhancer or Noteholders. (a) If no Credit Enhancer Default exists, then the Credit Enhancer, otherwise the Holders of not less than 51% of the aggregate Outstanding Amount of both Classes, all Classes may direct the time, method, and place of conducting any Proceeding for any remedy available to the Indenture Trustee with respect to the Notes or exercising any right conferred on the Indenture Trustee. No direction shall be binding unless:
Appears in 2 contracts
Samples: Custodial Agreement (CWHEQ Revolving Home Equity Loan Trust, Series 2006-G), Custodial Agreement (CWHEQ Revolving Home Equity Loan Trust, Series 2006-E)
Control by Credit Enhancer or Noteholders. If no Credit Enhancer Default exists, then the Credit Enhancer, otherwise the Holders of not less than 51% of the aggregate Outstanding Amount of both Classes, may direct the time, method, and place of conducting any Proceeding for any remedy available to the Indenture Trustee with respect to the Notes or exercising any right conferred on the Indenture Trustee or the Co-Trustee. No direction shall be binding unless:
Appears in 1 contract
Samples: Custodial Agreement (CWHEQ Revolving Home Equity Loan Asset Backed Notes, Series 2005-F)
Control by Credit Enhancer or Noteholders. If no Credit Enhancer Default exists, then the Credit Enhancer, otherwise the Holders of not less than 51% of the aggregate Outstanding Amount of both all Classes, may direct the time, method, and place of conducting any Proceeding for any remedy available to the Indenture Trustee with respect to the Notes or exercising any right conferred on the Indenture Trustee. No direction shall be binding unless:
Appears in 1 contract
Samples: Custodial Agreement (CWHEQ Revolving Home Equity Loan Trust, Series 2005-J)
Control by Credit Enhancer or Noteholders. If no Credit Enhancer Default exists, then the Credit Enhancer, otherwise the Holders of not less than 51% of the aggregate Outstanding Amount of both Classesall Classes of Notes, may direct the time, method, and place of conducting any Proceeding for any remedy available to the Indenture Trustee with respect to the Notes or exercising any right conferred on the Indenture Trustee. No direction shall be binding unless:
Appears in 1 contract
Samples: Custodial Agreement (CWHEQ Revolving Home Equity Loan Trust, Series 2005-K)
Control by Credit Enhancer or Noteholders. If no Credit Enhancer Default exists, then the Credit Enhancer, otherwise the Holders of not less than 51% [51]% of the aggregate Outstanding Amount of both ClassesAmount, may direct the time, method, and place of conducting any Proceeding for any remedy available to the Indenture Trustee with respect to the Notes or exercising any right conferred on the Indenture Trustee. No direction shall be binding unless:
Appears in 1 contract
Samples: Indenture (Indymac Abs Inc)
