Common use of Action by or Consent of Noteholders and Residual Certificateholders Clause in Contracts

Action by or Consent of Noteholders and Residual Certificateholders. Whenever any provision of this Agreement refers to action to be taken, or consented to, by Noteholders or Residual Certificateholders, such provision shall be deemed to refer to the Noteholder or Residual Certificateholder, as the case may be, of record as of the Record Date immediately preceding the date on which such action is to be taken, or consent given, by Noteholders or Residual Certificateholders. Solely for the purposes of any action to be taken, or consented to, by Noteholders, or Residual Certificateholders, any Note or Certificate Registered in the name of the Sponsor or any Affiliate thereof shall be deemed not to be outstanding; provided, however, that, solely for the purpose of determining whether the Indenture Trustee is entitled to rely upon any such action or consent, only Notes or Residual Certificates which the Owner Trustee, or the Indenture Trustee, respectively, knows to be so owned shall be so disregarded.

Action by or Consent of Noteholders and Residual Certificateholders. (a) Whenever any provision of this Agreement refers to action to be taken, or consented to, by Noteholders or Residual Certificateholders, such provision shall be deemed to refer to the Noteholder or Residual Certificateholder, as the case may be, of record as of the Record Date immediately preceding the date on which such action is to be taken, or consent given, by Noteholders or Residual Certificateholders. Solely for the purposes of any action to be taken, or consented to, by Noteholders, Noteholders or Residual Certificateholders, any Note or Certificate Registered in the name of the Sponsor or any Affiliate thereof shall be deemed not to be outstanding; providedPROVIDED, howeverHOWEVER, that, solely for the purpose of determining whether the Indenture Trustee is entitled to rely upon any such action or consent, only Notes or Residual Certificates which the Owner Trustee, or the Indenture Trustee, respectively, knows to be so owned shall be so disregarded.

Action by or Consent of Noteholders and Residual Certificateholders. (a) Whenever any provision of this Agreement refers to action to be taken, or consented to, by Noteholders or Residual Certificateholders, such provision shall be deemed to refer to the Noteholder or Residual Certificateholder, as the case may be, of record as of the Record Date immediately preceding the date on which such action is to be taken, or consent given, by Noteholders or Residual Certificateholders. Solely for the purposes of any action to be taken, or consented to, by Noteholders, Noteholders or Residual Certificateholders, any Note or Certificate Registered in the name of the Sponsor or any Affiliate thereof shall be deemed not to be outstanding; provided, however, that, solely for the purpose of determining whether the Indenture Trustee is entitled to rely upon any such action or consent, only Notes or Residual Certificates which a Responsible Officer of the Owner Trustee, or the Indenture Trustee, respectively, actually knows to be so owned shall be so disregarded.

Action by or Consent of Noteholders and Residual Certificateholders. Whenever any provision of this Agreement refers to action to be taken, or consented to, by Noteholders Noteholders, Class S Certificateholders or Residual Certificateholders, such provision shall be deemed to refer to the Noteholder Noteholder, Class S Certificateholder or Residual Certificateholder, as the case may be, of record as of the Record Date immediately preceding the date on which such action is to be taken, or consent given, by Noteholders Noteholders, Class S Certificateholder or Residual Certificateholders. Solely for the purposes of any action to be taken, or consented to, by Noteholders, Class S Certificateholders or Residual Certificateholders, any Note or Certificate Registered in the name of the Sponsor or any Affiliate thereof shall be deemed not to be outstanding; provided, however, that, solely for the purpose of determining whether the Indenture Trustee is entitled to rely upon any such action or consent, only Notes Notes, Class S Certificates or Residual Certificates which the Owner Trustee, or the Indenture Trustee, respectively, knows to be so owned shall be so disregarded.

Action by or Consent of Noteholders and Residual Certificateholders. Whenever any provision of this Agreement Indenture refers to action to be taken, or consented to, by Noteholders or Residual Certificateholders, such provision shall be deemed to refer to the Noteholder or Residual Certificateholder, as the case may be, of record as of the Record Date immediately preceding the date on which such action is to be taken, or consent given, by Noteholders or Residual Certificateholders. Solely for the purposes of any action to be taken, or consented to, by Noteholders, Noteholders or Residual Certificateholders, any Note or Residual Certificate Registered registered in the name of the Sponsor GreenPoint Mortgage Funding, Inc. or any Affiliate thereof shall be deemed not to be outstanding; providedPROVIDED, howeverHOWEVER, that, solely for the purpose of determining whether the Indenture Trustee or the Owner Trustee is entitled to rely upon any such action or consent, only Notes or Residual Certificates which the Owner Trustee, Trustee or the Indenture Trustee, respectively, knows to be so owned shall be so disregarded.