Common use of Trustee To Act Solely with Consent of the Certificate Insurer Clause in Contracts

Trustee To Act Solely with Consent of the Certificate Insurer. Unless a Certificate Insurer Default exists, the Trustee shall not: (i) agree to any amendment to this Agreement; or (ii) undertake any litigation pursuant to or in connection with this Agreement; or (iii) terminate or assume any Sub-Servicing Agreement pursuant to this Agreement; without the prior written consent of the Certificate Insurer which consent shall not be unreasonably withheld; provided, however, if a Certificate Insurer Default occurs hereunder, the Trustee shall act hereunder without Certificate Insurer consent.

Appears in 2 contracts

Samples: Pooling and Servicing Agreement (Access Financial Lending Corp), Pooling and Servicing Agreement (Access Financial Lending Corp)

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Trustee To Act Solely with Consent of the Certificate Insurer. Unless a Certificate Insurer Default exists, the Trustee shall not: (i) agree to any amendment to this Agreement; or (ii) undertake any litigation pursuant to or in connection with this Agreement; oror 107 (iii) terminate or assume any Sub-Servicing Agreement pursuant to this Agreement; without the prior written consent of the Certificate Insurer which consent shall not be unreasonably withheld; provided, however, if a Certificate Insurer Default occurs hereunder, the Trustee shall act hereunder without Certificate Insurer consent.

Appears in 1 contract

Samples: Pooling and Servicing Agreement (Home Equity Securitization Corp)

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Trustee To Act Solely with Consent of the Certificate Insurer. Unless a Certificate Insurer Default exists, the Trustee shall not: (i) agree to any amendment to this Agreement; or (ii) undertake any litigation pursuant to or in connection with this Agreement; or (iii) terminate or assume any Sub-Servicing Subservicing Agreement pursuant to this Agreement; without the prior written consent of the Certificate Insurer which consent shall not be unreasonably withheld; provided, however, if a Certificate Insurer Default occurs hereunder, the Trustee shall act hereunder without Certificate Insurer consent.

Appears in 1 contract

Samples: Pooling and Servicing Agreement (Prudential Securities Secured Financing Corp)

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