Common use of Exercise of Trustee Powers by Certificate Insurer and Certificateholders Clause in Contracts

Exercise of Trustee Powers by Certificate Insurer and Certificateholders. The Certificate Insurer, or the Holders of Certificates evidencing Voting Interests represented by all Certificates aggregating not less than 51% with the consent of the Certificate Insurer, which consent may not be unreasonably withheld, may direct the time, method and place of conducting any proceeding relating to the Trust or the Certificates or for any remedy available to the Trustee with respect to the Certificates or exercising any trust or power conferred on the Trustee with respect to the Certificates of the Trust provided that:

Appears in 3 contracts

Samples: Pooling and Servicing Agreement (Aames Capital Corp), Pooling and Servicing Agreement (Aames Capital Corp), Pooling and Servicing Agreement (Aames Capital Corp)

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Exercise of Trustee Powers by Certificate Insurer and Certificateholders. The Certificate Insurer, or the Holders of Certificates evidencing Voting Interests represented by all Certificates aggregating not less than 51% with the consent of the Certificate Insurer, which consent may not be unreasonably withheld, may direct the time, method and place of conducting any proceeding relating to the Trust or the Certificates or for any remedy available to the Trustee 108 114 with respect to the Certificates or exercising any trust or power conferred on the Trustee with respect to the Certificates of the Trust provided that:

Appears in 1 contract

Samples: Pooling and Servicing Agreement (Aames Capital Corp)

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Exercise of Trustee Powers by Certificate Insurer and Certificateholders. The Certificate Insurer, or the Holders of Certificates evidencing Voting Interests represented by all Certificates aggregating not less than 51% with the consent of the Certificate Insurer, which consent may not be unreasonably withheld, may direct the time, method and place of conducting any proceeding relating to the Trust or the Certificates or for any remedy available to the Trustee with 105 111 respect to the Certificates or exercising any trust or power conferred on the Trustee with respect to the Certificates of the Trust provided that:

Appears in 1 contract

Samples: Pooling and Servicing Agreement (Aames Capital Corp)

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