Rights of the MERS Agent. Each right and remedy expressly provided by the Electronic Tracking Agreement as being available to the MERS Agent shall be exercised by the MERS Agent only at the direction of the Majority Banks, or all the Banks where unanimity is required.
Appears in 3 contracts
Samples: Loan Agreement, Securitization Agreement, Loan Agreement (Lennar Corp /New/)
Rights of the MERS Agent. Each right and remedy expressly provided by the Electronic Tracking Agreement as being available to the MERS Agent shall be exercised by the MERS Agent only at the direction of the Majority Banks, or all the Banks where unanimity is required.
Appears in 2 contracts
Samples: Loan Agreement (Lennar Corp /New/), Loan Agreement (Horton D R Inc /De/)
