Rights of the Class B Holder. Notwithstanding anything herein to the contrary, it is agreed by the parties hereto that the rights of the Class B Holder set forth under Article II and Section 3.02(e) of this Agreement shall relate to, and be exercisable with respect to, the related Mortgage Loans of any Series to the extent that and for so long as, the Class B Holder owns at least 75% of the most subordinate outstanding class of Class B Certificates of the related Series (calculated by dividing the then outstanding Certificate Principal Balance of such Class B Certificates by the then outstanding Certificate Principal Balance of all certificates of the same class).
Appears in 45 contracts
Samples: Pooling and Servicing Agreement (Abn Amro Mortgage Corp), Pooling and Servicing Agreement (Abn Amro Mortgage Corp Mul Class Mor Pass THR Ce Ser 2002-10), Pooling and Servicing Agreement (Abn Amro Mortgage Corp Series 2001-2)
