Substantial Compliance. Any administrative practice adopted, implemented, changed or discontinued by the Trustee or Paying Agent in order to accommodate administrative practices or processes (including systems limitations) will be considered to be consistent with this Trust Agreement and expectations of a reasonable investor in mortgage-backed securities if such practice achieves substantial compliance in all material respects with this Trust Agreement.
Appears in 16 contracts
Samples: Remic Master Trust Agreement, Remic Master Trust Agreement, Federal National Mortgage Association
Substantial Compliance. Any administrative practice adopted, implemented, changed or discontinued by the Trustee or Paying Agent in order to accommodate administrative practices or processes (including systems limitations) will be considered to be consistent with this Trust Agreement and expectations of a reasonable investor in mortgage-backed securities if such practice achieves substantial compliance in all material respects with this Trust Agreement.
Appears in 4 contracts
Samples: Master Trust Agreement, Master Trust Agreement, Master Trust Agreement
Substantial Compliance. Any administrative practice adopted, implemented, changed or discontinued by the Trustee or Paying Agent in order to accommodate administrative practices or processes (including systems limitations) will be considered to be consistent with this Trust Agreement and expectations of a reasonable investor in mortgage-backed securities if such practice achieves substantial compliance in all material respects with this Trust Agreement.
Appears in 1 contract
Samples: Trust Agreement
