Majority Control. Except as expressly provided herein, any action that may be taken by the Owners under this Agreement may be taken by the Majority Residual Interestholders. Except as expressly provided herein, any written notice of the Owners delivered pursuant to this Agreement shall be effective if signed by the Majority Residual Interestholders at the time of the delivery of such notice.
Appears in 18 contracts
Samples: Owner Trust Agreement (Bcap LLC), Owner Trust Agreement (Etrade Mortgage Backed Securities Corp), Owner Trust Agreement (Hsi Asset Securitization Corp)
Majority Control. Except as expressly provided herein, ---------------- any action that may be taken by the Owners under this Agreement may be taken by the Majority Residual Interestholders. Except as expressly provided herein, any written notice of the Owners delivered pursuant to this Agreement shall be effective if signed by the Majority Residual Interestholders at the time of the delivery of such notice.
Appears in 2 contracts
Samples: Owner Trust Agreement (Ace Securities Corp), Owner Trust Agreement (Southpoint Residential Mortgage Securities Corp)
Majority Control. Except as expressly provided herein, any consent, instruction or other action that is required of or may be taken by the Owners under this Agreement may be given or taken by the Majority Residual InterestholdersCertificateholders. Except as expressly provided herein, any written notice of the Owners delivered pursuant to this Agreement shall be effective only if signed by the Majority Residual Interestholders Certificateholders at the time of the delivery of such notice.
Appears in 1 contract
Samples: Trust Agreement (American Business Financial Services Inc /De/)
Majority Control. Except as expressly provided herein, any ---------------- action that may be taken by the Owners under this Agreement may be taken by the Majority Residual Interestholders. Except as expressly provided herein, any written notice of the Owners delivered pursuant to this Agreement shall be effective if signed by the Majority Residual Interestholders at the time of the delivery of such notice.
Appears in 1 contract
Samples: Owner Trust Agreement (Fremont Mortgage Securities Corp)
Majority Control. Except as expressly provided herein, any action that may be taken by the Owners under this Agreement may be taken by the Majority Residual InterestholdersCertificateholders. Except as expressly provided herein, any written notice of the Owners delivered pursuant to this Agreement shall be effective if signed by the Majority Residual Interestholders Certificateholders at the time of the delivery of such notice.
Appears in 1 contract
Samples: Trust Agreement (Capitalsource Inc)
Majority Control. Except as expressly provided herein, any consent, instruction or other action that is required of or may be taken by the Owners under this Agreement may be given or taken only by the Majority Residual InterestholdersCertificateholders. Except as expressly provided herein, any written notice of the Owners delivered pursuant to this Agreement shall be effective only if signed by the Majority Residual Interestholders Certificateholders at the time of the delivery of such notice.
Appears in 1 contract
Samples: Trust Agreement (American Business Financial Services Inc /De/)
