Common use of With 100% Holder Consent Clause in Contracts

With 100% Holder Consent. Without the consent of all Holders of the Certificates of the related Series, 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 REMIC for federal tax purposes, or otherwise have the effect of materially increasing taxes payable in respect of that Trust.

Appears in 4 contracts

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

AutoNDA by SimpleDocs

With 100% Holder Consent. Without the consent of all Holders of the Certificates of the related SeriesTrust, 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 REMIC 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

Samples: Master Trust Agreement, Master Trust Agreement, 2016 Single Family Master Trust Agreement

With 100% Holder Consent. Without the consent of all Holders of the Mega Certificates of the a related SeriesTrust, 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 REMIC 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

Samples: 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 the Certificates of the related a Series, 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 REMIC 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

Samples: SMBS Master Trust Agreement, SMBS Master Trust Agreement

With 100% Holder Consent. Without the consent of all Holders of the Certificates of the related SeriesTrust, the Issuer and the Trustee may not enter into any Amendment, or otherwise engage in any activity, that will:will:β€Œ (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) adversely affect the status of all or any part of a the Trust Fund, as applicable, as a REMIC for federal tax purposes, Fixed Investment Trust or otherwise have the effect of materially increasing taxes payable in respect of that Trust.

Appears in 2 contracts

Samples: Multifamily Master Trust Agreement, 2017 Multifamily Master Trust Agreement

With 100% Holder Consent. Without the consent of all Holders of the Certificates of the related SeriesTrust, 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 REMIC 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 2 contracts

Samples: Second Amended and Restated 2007 Single Family Master Trust Agreement, 2009 Single Family Master Trust Agreement

AutoNDA by SimpleDocs

With 100% Holder Consent. Without the consent of all Holders of the Certificates of the related SeriesTrust, 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 REMIC 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

Samples: Single Family Master Trust Agreement

With 100% Holder Consent. Without the consent of all Holders of the Certificates of the related SeriesOutstanding 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 REMIC 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

Samples: Trust Agreement

With 100% Holder Consent. Without the consent of all Holders of the Certificates of the related SeriesTrust, the Issuer and the Trustee may not enter into any Amendment, or otherwise engage in any activity, that will:will:β€Œ (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 REMIC 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

Samples: 2007 Multifamily Master Trust Agreement

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!