Common use of When a Guarantor Event of Default Exists Clause in Contracts

When a Guarantor Event of Default Exists. While a Guarantor Event of Default exists, the Trustee will exercise the rights and powers vested in it by the Trust Documents and use the same degree of care and skill in their exercise as a prudent investor would exercise or use under the circumstances in the conduct of its own affairs.

Appears in 12 contracts

Samples: Remic Master Trust Agreement, Second Amended and Restated 2016 Single Family Master Trust Agreement, Remic Master Trust Agreement

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When a Guarantor Event of Default Exists. While a Guarantor Event of Default existsexists and is continuing, the Trustee will exercise the rights and powers vested in it by the Trust Documents and use the same degree of care and skill in their exercise as a prudent investor would exercise or use under the circumstances in the conduct of its own affairs.

Appears in 11 contracts

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

When a Guarantor Event of Default Exists. While a Guarantor Event of Default exists, the Trustee will exercise the rights and powers vested in it by the Trust Documents and use the same degree of care and skill in their exercise as a prudent investor would exercise or use under the circumstances in the conduct of its own affairs.affairs.β€Œ

Appears in 6 contracts

Samples: Amended and Restated 2021 Multifamily Master Trust Agreement, Multifamily Master Trust Agreement, 2021 Multifamily Master Trust Agreement

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When a Guarantor Event of Default Exists. While a Guarantor Event of Default exists, the Trustee will exercise the rights and powers vested in it by the Trust Documents Agreement and use the same degree of care and skill in their exercise as a prudent investor would exercise or use under the circumstances in the conduct of its own affairs.

Appears in 1 contract

Samples: Trust Agreement

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