Common use of Limitation on Direction by Holders Clause in Contracts

Limitation on Direction by Holders. A Holder will not direct the Administrator or the Titling Company Registrar to take any action that: (i) is inconsistent with any of the Permitted Transactions or any Permitted Agreement; (ii) would result in the Company’s or any Series’ becoming an association (or publicly traded partnership) taxable as a corporation for U.S. federal income tax purposes or that is otherwise inconsistent with the intended tax characterization of the Company or Series and the Titling Company Assets as set forth in Section 2.6; or (iii) is otherwise inconsistent with any provision of this Agreement.

Limitation on Direction by Holders. A Holder will not direct the Titling Company Administrator or the Titling Company Registrar to take any action that: (i) is inconsistent with any of the Permitted Transactions or any Permitted AgreementTransactions; (ii) would result in the Company’s or any Series’ becoming an association (or publicly traded partnership) taxable as a corporation for U.S. federal income tax purposes or that is otherwise inconsistent with the intended tax characterization of the Company or Series and the Titling Company Assets as set forth in Section 2.62.7; or (iii) is otherwise inconsistent with any provision of this Agreement.