Common use of Derivative Actions Clause in Contracts

Derivative Actions. Any provision contained herein to the contrary notwithstanding, the right of any Certificateholder or Certificate Owner to bring a derivative action in the right of the Trust is hereby made expressly subject to the following limitations and requirements: (a) such Certificateholder or Certificate Owner must meet all requirements set forth in the Statutory Trust Act; and (b) no Certificateholder or Certificate Owner may bring a derivative action in the right of the Trust without the prior written consent of the Majority Certificateholders.

Derivative Actions. Any provision contained herein to the contrary notwithstanding, the right of any Certificateholder or Certificate Owner to bring a derivative action in the right of the Trust is hereby made expressly subject to the following limitations and requirements: (a) such Certificateholder or Certificate Owner must meet all requirements set forth in the Statutory Trust Act; and (b) no Certificateholder or Certificate Owner may bring a derivative action in the right of the Trust without the prior written consent of the Majority Certificateholders.

Derivative Actions. Any provision contained herein to the contrary notwithstanding, the right of any Certificateholder or Certificate Owner to bring a derivative action in the right of the Trust is hereby made expressly subject to the following limitations and requirements: (a) such Certificateholder or Certificate Owner must meet all requirements set forth in the Statutory Trust Act; and (b) no Certificateholder or Certificate Owner may bring a derivative action in the right of the Trust without the prior written consent of Certificateholders owning, in the Majority Certificateholdersaggregate, beneficial interests in Certificates representing at least 50% of the Voting Interests.

Derivative Actions. Any provision contained herein to the contrary notwithstanding, the right of any Certificateholder or Certificate Owner to bring a derivative action in the right of the Trust is hereby made expressly subject to the following limitations and requirements: (a) such Certificateholder or Certificate Owner must meet all requirements set forth in the Statutory Business Trust ActStatute; and (b) no Certificateholder or Certificate Owner may bring a derivative action in the right of the Trust without the prior written consent of Certificate Owners owning, in the Majority Certificateholdersaggregate, a beneficial interest in Certificates representing 50% of the then outstanding Certificate Balance.

Derivative Actions. Any provision contained herein to the contrary notwithstanding, the right of any Certificateholder or Certificate Owner to bring a derivative action in the right of the Trust is hereby made expressly subject to the following limitations and requirements: (a) such Certificateholder or Certificate Owner must meet all requirements set forth in the Statutory Trust Act; and (b) no Certificateholder or Certificate Owner may bring a derivative action in the right of the Trust without the prior written consent of Certificateholders owning, in the Majority Certificateholdersaggregate, beneficial interests in Certificates representing at least 50% of the Voting Interests.

Derivative Actions. Any provision contained herein to the contrary notwithstanding, the right of any Certificateholder or Certificate Owner to bring a derivative action in the right of the Trust is hereby made expressly subject to the following limitations and requirements: (a) such Certificateholder or Certificate Owner must meet all requirements set forth in the Statutory Trust ActStatute; and (b) no Certificateholder or Certificate Owner may bring a derivative action in the right of the Trust without the prior written consent of Certificate Owners owning, in the Majority Certificateholdersaggregate, a beneficial interest in Certificates representing 50% of the then outstanding Certificate Balance.

Derivative Actions. Any provision contained herein to the contrary notwithstanding, the right of any Certificateholder or Certificate Owner to bring a derivative action in the right of the Trust is hereby made expressly subject to the following limitations and requirements: (a) such Certificateholder or Certificate Owner must meet all requirements set forth in the Statutory Trust Act; and (b) no Certificateholder or Certificate Owner may bring a derivative action in the right of the Trust without the prior written consent of Certificate Holders owning a beneficial interest in the Majority CertificateholdersCertificates representing 50% of the then outstanding interest in the Certificates.

Derivative Actions. Any provision contained herein to the contrary notwithstanding, the right of any Certificateholder or Certificate Owner to bring a derivative action in the right of the Trust is hereby made expressly subject to the following limitations and requirements: (a) such Certificateholder or Certificate Owner must meet all requirements set forth in the Statutory Trust Act; and (b) no Certificateholder or Certificate Owner may bring a derivative action in the right of the Trust without the prior written consent of Certificate Owners owning, in the Majority Certificateholdersaggregate, a beneficial interest in Certificates representing 50% of the then outstanding Certificate Balance.

Derivative Actions. Any provision contained herein to the contrary notwithstanding, the right of any Certificateholder or Certificate Owner to bring a derivative action in the right of the Trust is hereby made expressly subject to the following limitations and requirements: (a) such Certificateholder or Certificate Owner must meet all requirements set forth in the Statutory Business Trust ActStatute; and (b) no Certificateholder or Certificate Owner may bring a derivative action in the right of the Trust without the prior written consent of Certificate Owners owning, in the Majority Certificateholdersaggregate, a beneficial interest in Certificates representing __% of the then outstanding Certificate Balance.