Decision Control definition

Decision Control means, with respect to a Program Bond represented by a Custodial Receipt relating to a GSE Security, any right available to a holder of that Program Bond to (i) instruct the related HFA trustee to take or refrain from taking an action or decision including, without limitation, any proposed amendment, restatement, waiver, forbearance of, or supplement to, the bond indenture or resolution under which the Program Bond was issued or (ii) decide upon a course of action in response to an Event of Default.
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Decision Control means the right of Treasury, on the one hand, or the GSEs, on the other hand, to decide upon a course of action with respect to a default that gives rise to an acceleration of the Bonds or the exercise by the GSEs of remedies available to them under the Reimbursement Agreement or any of the other related Transaction Documents.
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Decision Control means the right, subject to and in accordance with the terms of Section 3.5, of F▇▇▇▇▇ M▇▇ or Recourse Provider, as the case may be, to decide upon a course of action for dealing with any Defaulted Mortgage Loan.
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Examples of Decision Control in a sentence

  • Conversely, the GSEs agree to consult with Treasury, and Treasury agrees to make recommendations to the GSEs with respect to the issues for which Decision Control by the GSEs is to be exercised.

  • Treasury agrees to consult with the GSEs, and the GSEs agree to make recommendations to Treasury with respect to the issues for which Decision Control by Treasury is to be exercised.

  • Treasury agrees to consult with the relevant GSE, and each GSE agrees to make recommendations to Treasury, with respect to the issues for which Decision Control by Treasury is to be exercised.

  • Requests by Client for a change to the specifications set out in the applicable Statement of Work or any change to any Statement of Work or to the Services requested hereunder (a "Change Request") will be governed by Developer's standard change process, as set out under the heading "Change and Decision Control" in the Development Process section of the Project Management Plan, and shall be subject to mutual agreement of the parties.

  • Notwithstanding the foregoing, the party having Decision Control shall have the unilateral right to exercise Decision Control.

  • Conversely, each GSE agrees to consult with Treasury, and Treasury agrees to make recommendations to such GSE, with respect to the issues for which Decision Control by such GSE is to be exercised.

  • The identity of the party having Decision Control shall not affect the obligations of Treasury under this Agreement.

  • With respect to any Program Bond represented by a Custodial Receipt related to a GSE Security, Treasury shall be entitled to exercise Decision Control so long as the Crossover Date has not occurred, and the GSEs shall be entitled to exercise such Decision Control on and after the Crossover Date.

  • With respect to (i) any Eligible Bond held by a Trust represented by a GSE Security held by or behalf of Treasury and (ii) any Temporary Credit and Liquidity Facility, Treasury shall be entitled to exercise Decision Control so long as the Crossover Date has not occurred and the GSEs shall be entitled to exercise Decision Control on and after the Crossover Date.

  • Notwithstanding the foregoing, the party having Decision Control shall have the unilateral right to make decisions regarding the exercise of bondholder rights in respect of the Eligible Bonds.