Common use of Control by Holders Clause in Contracts

Control by Holders. With respect to any PC Pool, except as otherwise provided in Articles V and VI and Sections 7.05 and 7.06, no Holder shall have any right to vote or to otherwise control in any manner the operation and management of the Mortgages included in such PC Pool, or the obligations of the parties hereto. This Agreement shall not be construed so as to make the Holders from time to time partners or members of an association. Holders shall not be liable to any third person by reason of any action taken by the parties to this Agreement pursuant to any provision hereof.

Control by Holders. With respect to any PC Pool, except Except as otherwise provided in Articles V and VI and Sections 7.05 and 7.06Article V, no Holder shall have any right to vote or to otherwise control in any manner the operation and management of the Mortgages included in such or any PC Pool, or the obligations of the parties hereto. This Agreement shall is not to be construed so as to make the Holders from time to time partners or members of an association. Holders shall not be liable to any third person by reason of any action taken by the parties to this Agreement pursuant to any provision hereof.