Common use of Action by Residual Certificateholders with Respect to Certain Matters Clause in Contracts

Action by Residual Certificateholders with Respect to Certain Matters. (a) Upon the written request from time to time of Residual Certificateholder(s) evidencing not less than 51% by Percentage Interest and subject to the prior review by the Insurer, the Owner Trustee shall take appropriate actions to remove Mortgage Loans from any Pool pursuant to Section 2.07 of the Sale and Servicing Agreement. The Owner Trustee shall notify the Insurer of any such proposed removal. The Owner Trustee will take such actions with respect to removal of Mortgage Loans as may from time to time be proposed by the Residual Certificateholders pursuant to Sections 5.2(b) and 5.5.

Action by Residual Certificateholders with Respect to Certain Matters. (a) Upon the written request from time to time of Residual Certificateholder(s) evidencing not less than 51% by Percentage Interest and subject to the prior review by the Insurer, the Owner Trustee shall take appropriate actions to remove Mortgage Loans from any the Pool pursuant to Section 2.07 of the Sale and Servicing Agreement. The Owner Trustee shall notify the Insurer of any such proposed removal. The Owner Trustee will take such actions with respect to removal of Mortgage Loans as may from time to time be proposed by the Residual Certificateholders pursuant to Sections 5.2(b) and 5.5.