Restrictions on Certificateholders’ Power. The Certificateholders shall not direct Owner Trustee to take or refrain from taking any action if such action or inaction would be contrary to any obligation of Issuer or Owner Trustee under this Agreement or any of the Basic Documents or would be contrary to SECTION 2.3 nor shall Owner Trustee be obligated to follow any such direction, if given.
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Samples: Trust Agreement (Ace Securities Corp Rv & Marine Trust 2001-Rv1)
Restrictions on Certificateholders’ Power. The Certificateholders shall not direct the Owner Trustee to take or to refrain from taking any action if such action or inaction would be contrary to or inconsistent with any obligation of Issuer the Trust or the Owner Trustee under this Trust Agreement or any of the Basic Documents or would be contrary to SECTION 2.3 Section 2.03, nor shall the Owner Trustee be obligated to follow any such direction, if given.
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Samples: Trust Agreement (C-Bass Mortgage Loan as-BCK Nt Sal Mort Ln Tr Ser 2001-Cb4)
Restrictions on Certificateholders’ Power. The Certificateholders shall not direct the Owner Trustee to take or refrain from taking any action if such action or inaction would be contrary to any obligation of Issuer the Trust or the Owner Trustee under this Agreement or any of the Basic Documents or would be contrary to SECTION 2.3 Documents, nor shall the Owner Trustee be obligated to follow any such direction, if given.
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Samples: Trust Agreement (Crystal Oil Co)
Restrictions on Certificateholders’ Power. The Certificateholders shall not direct the Owner Trustee to take or to refrain from taking any action if such action or inaction would be contrary to any obligation of Issuer the Trust or the Owner Trustee under this Owner Trust Agreement or any of the Basic Documents or would be contrary to SECTION 2.3 Section 2.03, nor shall the Owner Trustee be obligated to follow any such direction, if given.
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Samples: Owner Trust Agreement (GE-WMC Mortgage Securities, L.L.C.)
Restrictions on Certificateholders’ Power. The Certificateholders shall not may direct the Owner Trustee to take or refrain from taking any action but only if such action or inaction would not be contrary to any obligation of Issuer the Trust or the Owner Trustee under this Agreement the Basic Documents. The Certificateholders shall not instruct the Owner Trustee to take or refrain from taking any action at the direction of the Basic Documents Certificateholders if such action or inaction would be contrary to SECTION 2.3 nor shall Owner Trustee be obligated to follow have an adverse effect in any such direction, if givenrespect upon the interests of the Servicing Agent unless the consent of the Servicing Agent is obtained.
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Restrictions on Certificateholders’ Power. The Certificateholders shall not direct the Owner Trustee to take or refrain from taking any action if such action or inaction would be contrary to any obligation of Issuer the Trust or the Owner Trustee under this Agreement or any of the Basic Documents or would be contrary to SECTION 2.3 2.3, nor shall the Owner Trustee be obligated to follow any such direction, if given. The Certificateholders shall not and shall not direct the Owner Trustee to take action that would violate the provisions of SECTION 6.1 and, if given, the Owner Trustee shall not be obligated to follow any such direction.
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