Common use of Voting Under any Underlying Trust Agreement Clause in Contracts

Voting Under any Underlying Trust Agreement. In the event that there will be any matter arising under any Underlying Trust Agreement that requires or permits the vote of holders of certificates outstanding thereunder, the Trustee, as the holder of the related Pooled Securities, will not vote such Pooled Securities except upon direction to do so (which direction must not be inconsistent) from Holders representing at least 51% of the Voting Rights of the related Issue. Following its receipt of such direction, the Trustee will vote such Pooled Securities in its entirety in accordance with such direction. The manner of soliciting such instructions will be subject to such reasonable regulations as the Trustee may prescribe.

Appears in 6 contracts

Samples: Single Family Mega/Supers Master Trust Agreement, Single Family Mega/Supers Master Trust Agreement, Single Family Mega Master Trust Agreement

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Voting Under any Underlying Trust Agreement. In the event that there will be any matter arising under any Underlying Trust Agreement that requires or permits the vote of holders of certificates outstanding thereunder, the Trustee, as the holder of the related Pooled Securities, will not vote such Pooled Securities except upon direction to do so (which direction must not be inconsistent) from Holders of the related Classes representing at least 51% of the Voting Rights of the related Issuesuch Classes. Following its receipt of such direction, the Trustee will vote such Pooled Securities in its entirety in accordance with such direction. The manner of soliciting such instructions will be subject to such reasonable regulations as the Trustee may prescribe.

Appears in 3 contracts

Samples: Master Trust Agreement, Master Trust Agreement, Master Trust Agreement

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Voting Under any Underlying Trust Agreement. In the event that there will be any matter arising under any Underlying Trust Agreement that requires or permits the vote of holders of certificates outstanding thereunder, the Trustee, as the holder of the related Pooled Securities, will not vote such Pooled Securities except upon direction to do so (which direction must not be inconsistent) from Holders of the related Series representing at least 51% of the Voting Rights of the related Issuesuch Series. Following its receipt of such direction, the Trustee will vote such Pooled Securities in its entirety in accordance with such direction. The manner of soliciting such instructions will be subject to such reasonable regulations as the Trustee may prescribe.

Appears in 2 contracts

Samples: SMBS Master Trust Agreement, SMBS Master Trust Agreement

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