With 100% Holder Consent. Without the consent of all Holders of Mega Certificates of a related Trust, the Issuer and the Trustee may not enter into any Amendment, or otherwise engage in any activity, that will: (i) reduce in any manner the amount of, or delay the timing of, distributions which are required to be made on any Certificate; (ii) (A) terminate or modify the Guaranty or (B) reduce the percentage of Voting Rights required to consent to any waiver or any Amendment; or (iii) affect the status of all or any part of a Trust Fund, as applicable, as a fixed investment trust for federal tax purposes, or otherwise have the effect of materially increasing taxes payable in respect of that Trust.
Appears in 4 contracts
Sources: Single Family Mega Master Trust Agreement, Mega Master Trust Agreement, Mega Master Trust Agreement
With 100% Holder Consent. Without the consent of all Holders of Mega the Certificates of a the related Trust, the Issuer and the Trustee may not enter into any Amendment, or otherwise engage in any activity, that will:
(ia) reduce in any manner the amount of, or delay the timing of, distributions which are required to be made on any Certificate;
(iib) (Ai) terminate or modify the Guaranty or (Bii) reduce the percentage of Voting Rights required to consent to any waiver or any Amendment; or
(iiic) affect the status of all or any part of a the Trust Fund, as applicable, as a fixed investment trust for federal tax purposes, or otherwise have the effect of materially increasing taxes payable in respect of that Trust.
Appears in 4 contracts
Sources: Master Trust Agreement, Master Trust Agreement, 2016 Single Family Master Trust Agreement
With 100% Holder Consent. Without the consent of all Holders of Mega the Certificates of a the related TrustSeries, the Issuer and the Trustee may not enter into any Amendment, or otherwise engage in any activity, that will:
(i) reduce in any manner the amount of, or delay the timing of, distributions which are required to be made on any Certificate;
(ii) (A) terminate or modify the Guaranty or (B) reduce the percentage of Voting Rights required to consent to any waiver or any Amendment; or
(iii) affect the status of all or any part of a Trust Fund, as applicable, as a fixed investment trust REMIC for federal tax purposes, or otherwise have the effect of materially increasing taxes payable in respect of that Trust.
Appears in 4 contracts
Sources: Remic Master Trust Agreement, Remic Master Trust Agreement, Remic Master Trust Agreement
With 100% Holder Consent. Without the consent of all Holders of Mega the Certificates of a the related Trust, the Issuer and the Trustee may not enter into any Amendment, or otherwise engage in any activity, that will:
(ia) reduce in any manner the amount of, or delay the timing of, distributions which are required to be made on any Certificate;
(iib) (Ai) terminate or modify the Guaranty or (Bii) reduce the percentage of Voting Rights required to consent to any waiver or any Amendment; or;
(iiic) affect the status of all or any part of a the Trust Fund, as applicable, as a fixed investment trust for federal tax purposes, or otherwise have the effect of materially increasing taxes payable in respect of that Trust.; or
(d) result in a Significant Change to a Permitted Activity. Section 14.5
Appears in 3 contracts
Sources: Second Amended and Restated 2007 Multifamily Master Trust Agreement, Second Amended and Restated 2007 Single Family Master Trust Agreement, 2009 Single Family Master Trust Agreement
With 100% Holder Consent. Without the consent of all Holders of Mega Certificates of a related TrustSeries, the Issuer and the Trustee may not enter into any Amendment, or otherwise engage in any activity, that will:
(i) reduce in any manner the amount of, or delay the timing of, distributions which are required to be made on any Certificate;
(ii) (A) terminate or modify the Guaranty or (B) reduce the percentage of Voting Rights required to consent to any waiver or any Amendment; or
(iii) affect the status of all or any part of a Trust Fund, as applicable, as a fixed investment trust for federal tax purposes, or otherwise have the effect of materially increasing taxes payable in respect of that Trust.
Appears in 2 contracts
Sources: SMBS Master Trust Agreement, SMBS Master Trust Agreement
With 100% Holder Consent. Without the consent of all Holders of Mega the Certificates of a the related Trust, the Issuer and the Trustee may not enter into any Amendment, or otherwise engage in any activity, that will:
(ia) reduce in any manner the amount of, or delay the timing of, distributions which are required to be made on any Certificate;
(iib) (Ai) terminate or modify the Guaranty or (Bii) reduce the percentage of Voting Rights required to consent to any waiver or any Amendment; or;
(iiic) affect the status of all or any part of a the Trust Fund, as applicable, as a fixed investment trust for federal tax purposes, or otherwise have the effect of materially increasing taxes payable in respect of that Trust; or
(d) result in a Significant Change to a Permitted Activity.
Appears in 1 contract
Sources: Single Family Master Trust Agreement
With 100% Holder Consent. Without the consent of all Holders of Mega Certificates of a related Trustthe Outstanding Certificates, the Issuer and the Trustee may not enter into any Amendment, or otherwise engage in any activity, that will:
(i) reduce in any manner the amount of, or delay the timing of, distributions which are required to be made on any Certificate;
(ii) (A) terminate or modify the Guaranty or (B) reduce the percentage of Voting Rights required to consent to any waiver or any Amendment; or
(iii) affect the status of all or any part of a the Trust Fund, as applicable, as a fixed investment trust for federal tax purposes, or otherwise have the effect of materially increasing taxes payable in respect of that the Trust.
Appears in 1 contract
Sources: Trust Agreement
With 100% Holder Consent. Without the consent of all Holders of Mega the Certificates of a the related Trust, the Issuer and the Trustee may not enter into any Amendment, or otherwise engage in any activity, that will:will:β
(ia) reduce in any manner the amount of, or delay the timing of, distributions which are required to be made on any Certificate;
(iib) (Ai) terminate or modify the Guaranty or (Bii) reduce the percentage of Voting Rights required to consent to any waiver or any Amendment; or;
(iiic) affect the status of all or any part of a the Trust Fund, as applicable, as a fixed investment trust for federal tax purposes, or otherwise have the effect of materially increasing taxes payable in respect of that Trust; or
(d) result in a Significant Change to a Permitted Activity.
Appears in 1 contract