Restrictions on the Holder’s Power. The Holder 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 the Trust or the Owner Trustee under this Agreement or any of the Operative Agreements or would be contrary to Section 2.03 nor shall the Owner Trustee be obligated to follow any such direction, if given.
Appears in 14 contracts
Samples: Trust Agreement (Homebanc Corp), Trust Agreement (Sasco Mortgage Loan Trust Series 2004-Gel2), Trust Agreement (SASCO Mortgage Loan Trust 2004-Gel3)
Restrictions on the Holder’s Power. The Holder 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 the Trust or the Owner Trustee under this Agreement or any of the Operative Agreements or would be contrary to Section 2.03 nor shall the Owner Trustee be obligated to follow any such direction, if given. The Holder shall not guarantee any obligations of the Trust.
Appears in 8 contracts
Samples: Trust Agreement (Homebanc Corp), Trust Agreement (HomeBanc Mortgage Trust 2006-2), Trust Agreement (Homebanc Corp)
Restrictions on the Holder’s Power. The Holder Holders 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 the Trust or the Owner Trustee under this Agreement or any of the Operative Agreements or would be contrary to Section 2.03 nor shall the Owner Trustee be obligated to follow any such direction, if given.
Appears in 6 contracts
Samples: Trust Agreement (Greenpoint Mortgage Funding Trust 2005-He4), Trust Agreement (Lehman ABS Corp. Home Equity Loan Trust 2005-1), Trust Agreement (Greenpoint Mortgage Funding Trust 2006-He1)
Restrictions on the Holder’s Power. The Holder Holders 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 the Trust or the Owner Trustee under this Agreement or any of the Operative Agreements or would be contrary to Section 2.03 nor shall the Owner Trustee be obligated to follow any such direction, if given. The Holders shall not guarantee any obligations of the Trust.
Appears in 6 contracts
Samples: Trust Agreement (Thornburg Mortgage Securities Trust 2007-2), Trust Agreement (Thornburg Mortgage Securities Corp), Trust Agreement (Thornburg Mortgage Securities Trust 2007-1)
Restrictions on the Holder’s Power. The Holder 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 the Trust or the Owner Trustee under this Agreement or any of the Operative Agreements Documents or would be contrary to Section 2.03 nor shall the Owner Trustee be obligated to follow any such direction, if given.
Appears in 4 contracts
Samples: Trust Agreement (Aegis Asset Backed Securities Corp), Trust Agreement (Aegis Asset Backed Securities Trust 2005-3), Trust Agreement (Aegis Asset Backed Securities Trust 2005-2)
