Common use of With 100% Holder Consent Clause in Contracts

With 100% Holder Consent. Without the consent of all Holders of a Mega Issue or SMBS 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; (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; or (iv) result in a Significant Change to a Permitted Activity.

With 100% Holder Consent. Without the consent of all Holders of Certificates of a Mega Issue or SMBS Seriesrelated 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; or (iv) result in a Significant Change to a Permitted Activity.