Common use of Action by or Consent of Certificateholders Clause in Contracts

Action by or Consent of Certificateholders. (a) Except as expressly provided herein, any action that may be taken by the Certificateholders under this Agreement may be taken by a Certificate Majority. Except as expressly provided herein, any written notice or consent of the Certificateholders delivered pursuant to this Agreement shall be effective if signed by Holders of the Certificates evidencing not less than a Certificate Majority at the time of the delivery of such notice.

Appears in 5 contracts

Samples: Trust Agreement (Green Tree Financial Corp), Trust Agreement (Conseco Finance Securitizations Corp), Trust Agreement (Green Tree Financial Corp)

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Action by or Consent of Certificateholders. (a) Except as expressly provided herein, any action that may be taken by the Certificateholders under this Agreement may be taken by a Certificate Majoritymajority of the Certificateholders voting together. Except as expressly provided herein, any written notice or consent of the Certificateholders delivered pursuant to this Agreement shall be effective if signed by Holders of the Certificates evidencing not less than a majority of the Certificate Majority Principal Balance represented by the Certificates at the time of the delivery of such notice.

Appears in 1 contract

Samples: Trust Agreement (Green Tree Financial Corp)

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Action by or Consent of Certificateholders. (a) Except as expressly provided herein, any action that may be taken by the Certificateholders under this Agreement may be taken by a Certificate Majority. Except as expressly provided herein, any written notice or consent of the Certificateholders delivered pursuant to this Agreement shall be effective if signed by Holders of the Certificates evidencing not less than a Certificate Majority at the time of the delivery of such notice.

Appears in 1 contract

Samples: Trust Agreement (Arcadia Receivables Finance Corp)

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