Common use of A mendment Clause in Contracts

A mendment. This Agreement may be amended only by written instrument executed by each of the parties hereto; provided, that no amendment that affects the obligations, rights, indemnities or immunities of the Delaware Trustee will be effective without its prior written consent, which consent shall not be unreasonably withheld, conditioned or delayed. The cost of any amendment entered into hereunder will be paid by Xxxxxx Mae. No such amendment will be effective unless (a) the Issuer and the Indenture Trustee receive an opinion of counsel to the effect that such amendment will not, in the opinion of such counsel, adversely affect in any material respect the interests of the Holders at the time of such amendment, (b) the Issuer and the Indenture Trustee receive an opinion of nationally-recognized tax counsel to the effect that the amendment will not result in an Adverse REMIC Event and (c) the Rating Agency Condition is satisfied with respect to such amendment.

Appears in 3 contracts

Samples: Collateral Administration Agreement, Collateral Administration Agreement, Collateral Administration Agreement

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A mendment. This Agreement may only be amended only by written instrument executed by each of the parties hereto; provided, that no amendment that affects the obligations, rights, indemnities or immunities of the Delaware Trustee will be effective without its prior written consent, which consent shall not be unreasonably withheld, conditioned or delayed. The cost of any amendment entered into hereunder will be paid by Xxxxxx Mae. No such amendment will be effective unless (a) the Issuer and the Indenture Trustee receive an opinion of counsel to the effect that such amendment will not, in the opinion of such counsel, adversely affect in any material respect the interests of the Holders at the time of such amendment, (b) the Issuer and the Indenture Trustee receive an opinion of nationally-recognized tax counsel to the effect that the amendment will not result in an Adverse REMIC Event and (c) the Rating Agency Condition is satisfied with respect to such amendment.

Appears in 3 contracts

Samples: Capital Contribution Agreement, Capital Contribution Agreement, Capital Contribution Agreement

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