Common use of Trustee May Own Certificates Clause in Contracts

Trustee May Own Certificates. The Trustee in its individual capacity or any other capacity may become the owner or pledgee of Certificates with the same rights it would have if it were not Trustee; provided, however, that in determining whether the required percentage of aggregate Voting Rights shall have consented to any action hereunder requiring the consent of the Certificateholders, any interest beneficially held by the Trustee in its individual capacity shall be excluded.

Appears in 63 contracts

Samples: Series Supplement (Merrill Lynch Dep Inc Public Steers Trust Cert Ser 1998 F-Z4), Series Supplement (Merrill Lynch Depositor Inc Pplus Trust Series HTZ-1), Trust Agreement (PPlus Trust Series LMG-4)

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Trustee May Own Certificates. The Trustee in its individual capacity or any other capacity may become the owner or pledgee of Certificates with the same rights it would have if it were not Trustee; provided, however, that in determining whether the required percentage of aggregate Voting Rights shall have consented to any action hereunder requiring the consent of the Certificateholders, any the Trustee's interest beneficially held by the Trustee in its individual capacity shall be excluded.

Appears in 18 contracts

Samples: Trust Agreement (Select Asset Inc), Series Supplement (Lehman Abs Corp), Trust Agreement (Bear Stearns Depositor Inc)

Trustee May Own Certificates. The Trustee in its ---------------------------- individual capacity or any other capacity may become the owner or pledgee of Certificates with the same rights it would have if it were not Trustee; provided, however, that in determining whether the required percentage of aggregate Voting Rights shall have consented to any action hereunder requiring the consent of the Certificateholders, any the Trustee's interest beneficially held by the Trustee in its individual capacity shall be excluded.

Appears in 9 contracts

Samples: Trust Agreement (Elmwood Funding LTD), Series Supplement Corporate Bond Backed Certificates (Lehman Abs Corp), Series Supplement (Elmwood Funding LTD)

Trustee May Own Certificates. The Trustee in its individual capacity or any other capacity may become the owner or pledgee of Certificates with the same rights it would have if it were not Trustee; provided, however, that in determining whether the Holders of the required percentage of aggregate Voting Rights Percentage Interest shall have consented to any action hereunder requiring such consent, the consent of the Certificateholders, any Trustee's interest beneficially held by the Trustee in its individual capacity shall be excluded.

Appears in 3 contracts

Samples: Deposit Trust Agreement (Goldman Sachs Asset Backed Securities Corp), Trust Agreement (Ace Securities Corp), Deposit Trust Agreement (Gs Mortgage Securities Corp)

Trustee May Own Certificates. The Trustee in its individual capacity or any other capacity may become the owner or pledgee of Certificates with the same rights it would have if it were not Trustee; provided, however, that in determining whether the required percentage of aggregate Voting Rights shall have consented to any action hereunder requiring the consent of the Certificateholders, any the Trustee’s interest beneficially held by the Trustee in its individual capacity shall be excluded.

Appears in 1 contract

Samples: Trust Agreement (Freedom Depository LLC)

Trustee May Own Certificates. The Trustee in its ---------------------------- individual capacity or any other capacity may become the owner or pledgee of Certificates with the same rights it would have if it were not Trustee; provided, however, -------- ------- that in determining whether the Holders of the required percentage of aggregate Voting Rights Percentage Interest shall have consented to any action hereunder requiring such consent, the consent of the Certificateholders, any Trustee's interest beneficially held by the Trustee in its individual capacity shall be excluded.

Appears in 1 contract

Samples: Trust Agreement (Asset Backed Securities Corp)

Trustee May Own Certificates. The Trustee in its individual capacity or any other capacity may become the owner or pledgee of Certificates with the same rights it would have if it were not Trustee; provided, however, that that, in determining whether the required percentage of aggregate Voting Rights shall have consented to any action hereunder requiring the consent of the Certificateholders, any the Trustee's interest beneficially held by the Trustee in its individual capacity shall be excluded.

Appears in 1 contract

Samples: Trust Agreement (Select Asset Inc)

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Trustee May Own Certificates. The Trustee in ---------------------------- its individual capacity or any other capacity may become the owner or pledgee of Certificates with the same rights it would have if it were not Trustee; provided, however, that in determining whether the required percentage of aggregate Voting Rights shall have consented to any action hereunder requiring the consent of the Certificateholders, any the Trustee's interest beneficially held by the Trustee in its individual capacity shall be excluded.

Appears in 1 contract

Samples: Trust Agreement (Elmwood Funding LTD)

Trustee May Own Certificates. The Trustee in its ---------------------------- individual capacity or any other capacity may become the owner or pledgee of Certificates of any Class with the same rights as it would have if it were not Trustee, except that no determination, vote or request as Holder of such Certificates shall be included in the determination of a Class Vote. The Trustee, in its individual capacity, may deal with either the Depositor and the Servicer, each in their individual capacities, with the same rights it would have if it were not Trustee; provided, however, that in determining whether the required percentage of aggregate Voting Rights shall have consented to any action hereunder requiring the consent of the Certificateholders, any interest beneficially held by the Trustee in its individual capacity shall be excluded.

Appears in 1 contract

Samples: Pooling and Servicing Agreement (Financial Asset Securities Corp)

Trustee May Own Certificates. The Trustee in its individual capacity or any other capacity may become the owner power or pledgee of Certificates with the same rights it would have if it were not Trustee; provided, however, that in determining whether the required percentage of aggregate Voting Rights shall have consented to any action hereunder requiring the consent of the Certificateholders, any the Trustee's interest beneficially held by the Trustee in its individual capacity shall be excluded.

Appears in 1 contract

Samples: Trust Agreement (Southpoint Structured Assets Inc)

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