Common use of MBIA Default or Termination Clause in Contracts

MBIA Default or Termination. If an MBIA Default or Termination occurs and is continuing, MBIA's right to consent hereunder and to direct the Trustee shall be voided and, in such event, in all provisions of this Agreement wherein MBIA's consent or direction is required or permitted, the consent or direction of the Controlling Holders shall be required or permitted unless a larger number of Holders is required under the relevant provision of this Agreement.

MBIA Default or Termination. If an MBIA Default or Termination occurs and is continuing, MBIA's right to consent hereunder and under any other Transaction Document and to direct the Trustee shall be voided void and, in such event, in all provisions of this Agreement wherein MBIA's consent or direction is required or permitted, the consent or direction of the Controlling Holders shall be required or permitted unless a larger number of Holders is required under the relevant provision of this Agreement.

MBIA Default or Termination. If an MBIA Default or Termination occurs and is continuing, MBIA's right to consent hereunder and to direct the Trustee shall be voided void and, in such event, in all provisions of this Agreement wherein MBIA's consent or direction is required or permitted, the consent or direction of the Controlling Holders shall be required or permitted unless a larger number of Holders is required under the relevant provision of this Agreementpermitted.

MBIA Default or Termination. If an MBIA Default or Termination occurs and is continuing, MBIA's right to consent hereunder and to direct the Trustee shall be voided and, in such event, in all provisions of this Agreement wherein MBIA's consent or direction is required or permitted, the consent or direction of the Controlling Holders shall be required or permitted unless a larger number of Holders is required under the relevant provision of this Agreementpermitted.

MBIA Default or Termination. If an MBIA Default or Termination occurs and is continuing, MBIA's right to consent hereunder and to direct the Trustee shall be voided void and, in such event, in all provisions of this Agreement wherein MBIA's consent or direction is required or permitted, the consent or direction of the Controlling Holders shall be required or permitted unless a larger number of Holders is required under the relevant provision provisions of this Agreement.

MBIA Default or Termination. If an MBIA Default or Termination occurs and is continuing, MBIA's right to consent hereunder and under any other Transaction Document and to direct the Trustee shall be voided void and, in such event, in all provisions of this Agreement wherein MBIA's consent or direction is required or permitted, the consent or direction of the Controlling Holders shall be required or permitted unless a larger number of Holders is required under the relevant provision of this Agreementpermitted.

MBIA Default or Termination. If an MBIA Default or Termination occurs and is continuing, MBIA's right to consent hereunder and to direct the Trustee shall be voided void and, in such event, in all provisions of this Agreement wherein MBIA's consent or direction is required or permitted, the consent or direction of the Controlling Holders Certificateholders shall be required or permitted unless a larger number of Holders Certificateholders is required under the relevant provision provisions of this Agreement.

MBIA Default or Termination. If an MBIA Default or Termination occurs and is continuing, MBIA's right to consent hereunder and under any other Transaction Document and to direct the Trustee shall be voided void and, in such event, in all provisions of this Agreement wherein MBIA's consent or direction is required or permitted, the consent or direction of the Controlling Holders shall be required or permitted unless a larger number of Holders is required under the relevant provision of this Agreement; provided, however, notwithstanding anything else to the contrary, MBIA's consent shall be required for any amendment to this Agreement which materially and adversely affects MBIA's interests.