Common use of Permissible Without Action by Holders Clause in Contracts

Permissible Without Action by Holders. Subject to Section 11.04, the Issuer and the Trustee, from time to time and at any time, may, without the consent of or notice to any Holder, enter into an Amendment or other instrument supplemental to this Trust Agreement, for any one or more of the following purposes: (a) (i) to correct an error, (ii) to correct, modify or supplement any provision in the Trust Documents that is inconsistent with any other provision of the Trust Documents or the related Xxxxxx Xxx Offering Document, or (iii) to cure an ambiguity or supplement a provision of the Trust Documents, provided that such cure of an ambiguity or supplement of a provision is not otherwise inconsistent with the provisions of this Trust Agreement; or (b) to modify, eliminate or add to the provisions of the Trust Documents to the extent necessary to maintain the qualification of all or any part of a Trust Fund, as applicable, as a fixed investment trust under the Code as evidenced by an Opinion of Counsel satisfactory to the Trustee;

Appears in 8 contracts

Samples: Single Family Mega/Supers Master Trust Agreement, SMBS Master Trust Agreement, Single Family Mega/Supers Master Trust Agreement

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Permissible Without Action by Holders. Subject to Section 11.0412.06, the Issuer and the Trustee, from time to time and at any time, may, without the consent of or notice to any Holder, enter into an Amendment or other instrument supplemental to this the Trust AgreementDocuments, for any one or more of the following purposes: (a) (i) to correct an error, (ii) to correct, modify or supplement any provision in the Trust Documents that is inconsistent with any other provision of the Trust Documents or the related Xxxxxx Xxx Offering DocumentProspectus or Prospectus Supplement, or (iii) to cure an ambiguity or supplement a provision of the Trust Documents, provided that such cure of an ambiguity or supplement of a provision is not otherwise inconsistent with the provisions of this the Trust AgreementDocuments; or (b) to modify, eliminate or add to the provisions of the Trust Documents to the extent necessary to maintain the qualification of all or any part of a Trust Fund, as applicable, as a fixed investment trust REMIC under the Internal Revenue Code as evidenced by an Opinion of Counsel satisfactory to the Trustee;

Appears in 3 contracts

Samples: Remic Master Trust Agreement, Remic Master Trust Agreement, Remic Master Trust Agreement

Permissible Without Action by Holders. Subject to Section 11.04, the Issuer and the Trustee, from time to time and at any time, may, without the consent of or notice to any Holder, enter into an Amendment or other instrument supplemental to this Trust Agreement, for any one or more of the following purposes: (a) (i) to correct an error, (ii) to correct, modify or supplement any provision in the Trust Documents that is inconsistent with any other provision of the Trust Documents or the related Xxxxxx Xxx Offering Document, or (iii) to cure an ambiguity or supplement a provision of the Trust Documents, provided that such cure of an ambiguity or supplement of a provision is not otherwise inconsistent with the provisions of this Trust Agreement; or (b) to modify, eliminate or add to the provisions of the Trust Documents to the extent necessary to maintain the qualification of all or any part of a Trust Fund, as applicable, as a fixed investment trust under the Internal Revenue Code as evidenced by an Opinion of Counsel satisfactory to the Trustee;

Appears in 2 contracts

Samples: Master Trust Agreement, Master Trust Agreement

Permissible Without Action by Holders. Subject to Section 11.04, the Issuer Xxxxxx Xxx and the Trustee, from time to time and at any time, may, without the consent of or notice to any I-REMIC Interest Holder, enter into an Amendment or other instrument supplemental to this the I-Trust AgreementDocuments, for any one or more of the following purposes: (a) (i) to correct an error, (ii) to correct, modify or supplement any provision in the I-Trust Documents that is inconsistent with any other provision of the I-Trust Documents or the related Xxxxxx Xxx Offering DocumentDocuments, or (iii) to cure an ambiguity or supplement a provision of the I-Trust Documents, provided that such cure of an ambiguity or supplement of a provision is not otherwise inconsistent with the provisions of this the I-Trust AgreementDocuments; or (b) to modify, eliminate or add to the provisions of the I-Trust Documents to the extent necessary to maintain the qualification of all or any part of a Trust Fund, as applicable, as a fixed investment trust REMIC under the Code as evidenced by an Opinion of Counsel satisfactory to the Trustee;

Appears in 2 contracts

Samples: Master Trust Agreement, Master Trust Agreement

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Permissible Without Action by Holders. Subject to Section 11.04, the Issuer and the Trustee, from time to time and at any time, may, without the consent of or notice to any Holder, enter into an Amendment or other instrument supplemental to this Trust Agreement, for any one or more of the following purposes: (a) (i) to correct an error, (ii) to correct, modify or supplement any provision in the Trust Documents that is inconsistent with any other provision of the Trust Documents or the related Xxxxxx Xxx Offering Document, or (iii) to cure an ambiguity or supplement a provision of the Trust Documents, provided that such cure of an ambiguity or supplement of a provision is not otherwise inconsistent with the provisions of this Trust Agreement; or (b) to modify, eliminate or add to the provisions of the this Trust Documents Agreement to the extent necessary to maintain the qualification of all or any part of a Trust Fund, as applicable, as a fixed investment trust under the Code Code, as evidenced by an Opinion of Counsel satisfactory to the Trustee;

Appears in 1 contract

Samples: Master Trust Agreement

Permissible Without Action by Holders. Subject to Section 11.0412.06, the Issuer and the Trustee, from time to time and at any time, may, without the consent of or notice to any Holder, enter into an Amendment or other instrument supplemental to this the Trust AgreementDocuments, for any one or more of the following purposes: (a) (i) to correct an error, (ii) to correct, modify or supplement any provision in the Trust Documents that is inconsistent with any other provision of the Trust Documents or the related Xxxxxx Xxx Offering DocumentProspectus or Prospectus Supplement, or (iii) to cure an ambiguity or supplement a provision of the Trust Documents, provided that such cure of an ambiguity or supplement of a provision is not otherwise inconsistent with the provisions of this the Trust AgreementDocuments; or (b) to modify, eliminate or add to the provisions of the Trust Documents to the extent necessary to maintain the qualification of all or any part of a Trust Fund, as applicable, as a fixed investment trust REMIC under the Internal Revenue Code as evidenced by an Opinion of Counsel satisfactory to the Trustee;

Appears in 1 contract

Samples: Remic Master Trust Agreement

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