Common use of Permissible Without Action by Certificateholders Clause in Contracts

Permissible Without Action by Certificateholders. Xxxxxx Xxx and the Trustee, from time to time and at any time, may, without the consent of or notice (other than in the case of any instrument supplemental hereto pursuant to clause (b) below) to any Holder of a Certificate, enter into an agreement or other instrument supplemental hereto and which thereafter shall form a part hereof, for any one or more of the following purposes: (a) to add to the covenants of Xxxxxx Mae or to cure any ambiguity or correct any error; (b) to evidence the succession pursuant to Article VII of another Person or Persons to Xxxxxx Xxx and the assumption by such successor or successors of the obligations of Xxxxxx Mae hereunder in its corporate capacity or in its capacity as Trustee or in both such capacities; (c) to eliminate any right reserved to or conferred upon Xxxxxx Xxx in its corporate capacity; or (d) to take such action to supplement any provision in this Trust Agreement as Xxxxxx Mae may deem necessary or desirable, provided such action shall not adversely affect the interests of any Holder of any Class which is outstanding immediately prior to the execution of such instrument supplemental hereto.

Permissible Without Action by Certificateholders. Xxxxxx Xxx Mae and the Trustee, from time to time and at any time, may, without the consent of or notice (other than in the case of any instrument supplemental hereto pursuant to clause (b) below) to any Holder of a Certificate, enter into an agreement or other instrument supplemental hereto and which thereafter shall form a part hereof, for any one or more of the following purposes: (a) to add to the covenants of Xxxxxx Mae Xxx or to cure any ambiguity or correct any error; (b) to evidence the succession pursuant to Article VII of another Person or Persons to Xxxxxx Xxx Mae and the assumption by such successor or successors of the obligations of Xxxxxx Mae Xxx hereunder in its corporate capacity or in its capacity as Trustee or in both such capacities; (c) to eliminate any right reserved to or conferred upon Xxxxxx Xxx Mae in its corporate capacity; or (d) to take such action to supplement any provision in this Trust Agreement as Xxxxxx Mae Xxx may deem xxxx necessary or desirable, provided such action shall not adversely affect the interests of any Holder of any Class which is outstanding immediately prior to the execution of such instrument supplemental hereto.