Common use of Subsequently Issued FASIT Provisions Clause in Contracts

Subsequently Issued FASIT Provisions. In order to facilitate the FASIT’s compliance with the FASIT Provisions, the Depositor, the Owner Trustee and the Holder of the Ownership Certificate agree that, insofar as the rights or responsibilities of any of the Depositor, the Owner Trustee or the Holder of the Ownership Certificate, or actions required to be taken by any such person, are required to be modified as a result of the promulgation of proposed, temporary, or final FASIT Provisions or other applicable authority, based upon the advice of counsel, the Depositor, Owner Trustee and the Holder of the Ownership Certificate agree (i) to enter into any amendments to this Agreement that are required to bring this Agreement into compliance with such regulation or other authority and/or to allow the Trust to continue to be classified as a FASIT for federal income tax purposes or (ii) to take such actions or refrain from taking such actions pursuant to the terms of this Agreement in a manner consistent with such regulations or other authority necessary to maintain the status of the Trust as a FASIT or to prevent the occurrence of an Adverse FASIT Event.

Subsequently Issued FASIT Provisions. In order to facilitate the FASIT’s 's compliance with the FASIT Provisions, the Depositor, the Owner Trustee and the Holder of the Ownership Certificate each Certificateholder agree that, insofar as the rights or responsibilities of any of the Depositor, the Owner Trustee or the Holder of the Ownership Certificateany Certificateholder, or actions required to be taken by any such person, are required to be modified as a result of the promulgation of proposed, temporary, or final FASIT Provisions or other applicable authority, based upon the advice of counsel, the Depositor, Owner Trustee and the Holder of the Ownership Certificate each Certificateholder agree (i) to enter into any amendments to this Agreement that are required to bring this Agreement into compliance with such regulation or other authority and/or to allow the Trust Fund (exclusive of the Simple Interest Reserve Fund) to continue to be classified as a FASIT for federal income tax purposes or (ii) to take such actions or refrain from taking such actions pursuant to the terms of this Agreement in a manner consistent with such regulations or other authority necessary to maintain the status of the Trust Fund (exclusive of the Simple Interest Reserve Fund) as a FASIT or to prevent the occurrence of an Adverse FASIT Event.