Interests Held by the Issuer. Trustee or a Seller. Certificates held or acquired by the Issuer, the Trustee or a Seller from time to time and Certificates held by other Holders will have equal and proportionate benefits, without preference, priority or distinction, except to the extent expressly provided otherwise with respect to Voting Rights. No Holder will have any priority over any other Holder. If a Trust Fund includes a Participation Interest in a loan in which the Issuer, Trustee or a Seller has retained or acquired a separate interest, the priority, preference or distinction of the interest of the Issuer, Trustee or a Seller in such loan will not be affected by the existence of the interest of the Trust.
Appears in 10 contracts
Samples: Master Trust Agreement, Second Amended and Restated 2016 Single Family Master Trust Agreement, Single Family Master Trust Agreement
Interests Held by the Issuer. Trustee or a Seller. Certificates held or acquired by the Issuer, the Trustee or a Seller from time to time and Certificates held by other Holders will have equal and proportionate benefits, without preference, priority or distinction, except to the extent expressly provided otherwise with respect to Voting Rights. No Holder will have any priority over any other Holder. If a Trust Fund includes a Participation Interest in a loan in which the Issuer, Trustee or a Seller has retained or acquired a separate interest, the priority, preference or distinction of the interest of the Issuer, Trustee or a Seller in such loan will not be affected by the existence of the interest of the Trust.Trust.
Appears in 4 contracts
Samples: Multifamily Master Trust Agreement, Amended and Restated 2021 Multifamily Master Trust Agreement, 2021 Multifamily Master Trust Agreement
Interests Held by the Issuer. Trustee or a Seller. Certificates held or acquired acquired by the Issuer, the Trustee or a Seller from time to time and Certificates held by other Holders will have equal and proportionate benefits, without preference, priority or distinction, except to the extent expressly provided otherwise with respect to Voting Rights. No Holder will have any priority over any other Holder. If a Trust Fund includes a Participation Interest in a loan in which the Issuer, Trustee or a Seller has retained or acquired a separate interest, the priority, preference or distinction of the interest of the Issuer, Trustee or a Seller in such loan will not be affected by the existence of the interest of the Trust.
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