Common use of Form of Amendments Clause in Contracts

Form of Amendments. (a) Promptly after the execution of any amendment, supplement or consent pursuant to Section 9.1 or 9.2, the Trustee shall furnish written notification of such amendment or consent to each Certificateholder and the Indenture Trustee. (b) It shall not be necessary for the consent of Certificateholders pursuant to Section 9.2 to approve the particular form of any proposed amendment or consent, but it shall be sufficient if such consent shall approve the substance thereof. The manner of obtaining such consents (and any other consents of Certificateholders provided for in the Series Trust Agreement or in any other Basic Document) and of evidencing the authorization of the execution thereof by Certificateholders shall be subject to such reasonable requirements as the Trustee may prescribe. (c) Prior to the execution of any amendment to the Series Trust Agreement, the Trustee shall be entitled to receive and rely upon an Opinion of Counsel stating that the execution of such amendment is authorized or permitted by the Series Trust Agreement. The Trustee may, but shall not be obligated to, enter into any such amendment which affects the Trustee's own rights, duties or immunities under the Series Trust Agreement or otherwise.

Appears in 2 contracts

Samples: Series Trust Agreement (Corporate Asset Backed Corp), Series Trust Agreement (Corporate Asset Backed Corp)

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Form of Amendments. (a) Promptly after the execution of any amendment, supplement or consent pursuant to Section 9.1 or 9.2, the Trustee shall furnish written notification of such amendment or consent to each Certificateholder and the Indenture TrusteeCertificateholder. (b) It shall not be necessary for the consent of Certificateholders pursuant to Section 9.2 to approve the particular form of any proposed amendment or consent, but it shall be sufficient if such consent shall approve the substance thereof. The manner of obtaining such consents (and any other consents of Certificateholders provided for in the Series Trust Agreement or in any other Basic Document) and of evidencing the authorization of the execution thereof by Certificateholders shall be subject to such reasonable requirements as the Trustee may prescribe. (c) Prior to the execution of any amendment to the Series Trust AgreementAgreement or the Certificate of Trust, the Trustee shall be entitled to receive and rely upon an Opinion of Counsel stating that the execution of such amendment is authorized or permitted by the Series Trust Agreement. The Trustee may, but shall not be obligated to, enter into any such amendment which affects the Trustee's own rights, duties or immunities under the Series Trust Agreement or otherwise. (d) Promptly after the execution of any amendment to the Certificate of Trust, the Trustee shall cause the filing of such amendment with the Secretary of State of the State of Delaware in accordance with Section 3810 of the Trust Statute.

Appears in 2 contracts

Samples: Trust Agreement (Corporate Asset Backed Corp), Series Trust Agreement (Corporate Asset Backed Corp)

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Form of Amendments. (a) Promptly after the execution of any amendment, supplement or consent pursuant to Section 9.1 or 9.2, the Trustee shall furnish written notification of such amendment or consent to each Certificateholder and the Indenture TrusteeCertificateholder. (b) It shall not be necessary for the consent of Certificateholders pursuant to Section 9.2 to approve the particular form of any proposed amendment or consent, but it shall be sufficient if such consent shall approve the substance thereof. The manner of obtaining such consents (and any other consents of Certificateholders provided for in the Series Trust Agreement or in any other Basic Document) and of evidencing the authorization of the execution thereof by Certificateholders shall be subject to such reasonable requirements as the Trustee may prescribe. (c) Prior to the execution of any amendment to the Series Trust Agreement, the Trustee shall be entitled to receive and rely upon an Opinion of Counsel stating that the execution of such amendment is authorized or permitted by the Series Trust Agreement. The Trustee may, but shall not be obligated to, enter into any such amendment which affects the Trustee's own rights, duties or immunities under the Series Trust Agreement or otherwise.

Appears in 1 contract

Samples: Trust Agreement (Corporate Asset Backed Corp)

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