Common use of Trustee and Certificate Administrator Clause in Contracts

Trustee and Certificate Administrator. If the Note A-1-1 Holder is the Controlling Noteholder, no Controlling Noteholder Representative shall be appointed and the rights of the Note A-1-1 Holder exercisable by the Controlling Class Representative shall be as set forth in the Servicing Agreement. Similarly, if the Note A-1-1 Holder is the Controlling Noteholder, the rights of the Non-Lead Securitization Note Holder shall be exercisable by a controlling class representative or directing holder as set forth in the Non-Lead Servicing Agreement.