Common use of Action upon Instruction Clause in Contracts

Action upon Instruction. (a) Subject to Article V and in accordance with the terms of the Operative Agreements, the Ownership Certificate Holder may by written instruction direct the Owner Trustee in the management of the Trust, but only to the extent consistent with the limited purpose of the Trust. Such direction may be exercised at any time by written instruction of the Ownership Certificate Holder pursuant to this Article V.

Appears in 24 contracts

Samples: Trust Agreement (Fieldstone Mortgage Investment CORP), Owner Trust Agreement (FBR Securitization, Inc.), Trust Agreement (Aames Mortgage Investment Trust 2005-4)

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Action upon Instruction. (a) Subject to this Article V and in accordance with the terms of the Operative Agreements, the Ownership Certificate Holder may by written instruction direct the Owner Trustee in the management of the Trust, but only to the extent consistent with the limited purpose of the Trust. Such direction may be exercised at any time by written instruction of the Ownership Certificate Holder pursuant to this Article V.

Appears in 15 contracts

Samples: Trust Agreement (Homebanc Corp), Trust Agreement (TBALT Corp.), Trust Agreement (Homebanc Corp)

Action upon Instruction. (a) Subject to this Article V and in accordance with the terms of the Operative Agreements, the Ownership Certificate Holder Holders of the Trust Certificates may by written instruction direct the Owner Trustee in the management of the Trust, but only to the extent consistent with the limited purpose of the Trust. Such direction may be exercised at any time by written instruction of the Ownership Certificate Holder Holders of the Trust Certificates pursuant to this Article V.

Appears in 8 contracts

Samples: Trust Agreement (Saxon Asset Securities Trust 2005-1), Trust Agreement (Sast 2006-3), Trust Agreement (Saxon Asset Securities Trust 2005-2)

Action upon Instruction. (a) Subject to Article V and in accordance with the terms of the Operative Agreements, the Ownership Certificate Holder may by written instruction direct the Owner Trustee in the management of the Trust, but only to the extent consistent with the limited purpose of the Trust. Such direction may be exercised at any time by written instruction of the Ownership Certificate Holder pursuant to this Article V.

Appears in 7 contracts

Samples: Trust Agreement (Sasco Mortgage Loan Trust Series 2004-Gel2), Trust Agreement (SASCO Mortgage Loan Trust 2004-Gel3), Trust Agreement (Structured Asset Securities Corp)

Action upon Instruction. (a) Subject to Article V and in accordance with the terms of the Operative Agreements, the Ownership Certificate Holder Certificateholder may by written instruction direct the Owner Trustee in the management of the Trust, but only to the extent consistent with the limited purpose of the Trust. Such direction may be exercised at any time by written instruction of the Ownership Certificate Holder Certificateholder pursuant to this Article V.

Appears in 5 contracts

Samples: Owner Trust Agreement (FBR Securitization, Inc.), Owner Trust Agreement (FBR Securitization, Inc.), Owner Trust Agreement (FBR Securitization Trust 2005-4)

Action upon Instruction. (a) Subject to Article V and in accordance with the terms of the Operative Agreements, the Ownership Certificate Holder Certificateholders may by written instruction direct the Owner Trustee in the management of the Trust, but only to the extent consistent with the limited purpose of the Trust. Such direction may be exercised at any time by written instruction of the Ownership Certificate Holder Certificateholders pursuant to this Article V.

Appears in 5 contracts

Samples: Trust Agreement (New York Mortgage Trust 2005-2), Trust Agreement (Structured Asset Sec Corp Thornburg Mort Sec Trust 2003 6), Trust Agreement (Structured Asset Securities Corp Mort Back Notes Ser 2002 9)

Action upon Instruction. (a) Subject to Article V and in accordance with the terms of the Operative AgreementsDocuments, the Ownership Certificate Holder Certificateholders may by written instruction direct the Owner Trustee in the management of the Trust, but only to the extent consistent with the limited purpose of the Trust. Such direction may be exercised at any time by written instruction of the Ownership Certificate Holder Certificateholders pursuant to this Article V.

Appears in 4 contracts

Samples: Deposit Trust Agreement (American Residential Eagle Inc), Deposit Trust Agreement (Sequoia Mortgage Funding Corp), Deposit Trust Agreement (Sequoia Mortgage Funding Corp)

Action upon Instruction. (a) Subject to Article V and in accordance with the terms of the Operative Agreements, the Ownership Certificate Holder Certificateholder may by written instruction direct the Owner Trustee in the management of the Trust, but only to the extent consistent with the limited purpose of the Trust. Such direction may be exercised at any time by written instruction of the Ownership Certificate Holder Certificateholder pursuant to this Article V.

Appears in 4 contracts

Samples: Owner Trust Agreement (First NLC Securitization, Inc.), Owner Trust Agreement (FBR Securitization Trust 2005-1), Owner Trust Agreement (FBR Securitization, Inc.)

Action upon Instruction. (a) Subject to this Article V and in accordance with the terms of the Operative AgreementsDocuments, the Ownership Certificate Holder may by written instruction direct the Owner Trustee in the management of the Trust, but only to the extent consistent with the limited purpose of the Trust. Such direction may be exercised at any time by written instruction of the Ownership Certificate Holder pursuant to this Article V.

Appears in 3 contracts

Samples: Trust Agreement (Aegis Asset Backed Securities Corp), Trust Agreement (Aegis Asset Backed Securities Trust 2005-2), Trust Agreement (Aegis Asset Backed Securities Trust 2005-3)

Action upon Instruction. (a) Subject to Article V and in accordance with the terms of the Operative Agreements, the Ownership Certificate a Holder may by written instruction with a copy to the Insurer (so long as the Class A Notes are Outstanding or any Reimbursement Amounts remain due and owing to the Insurer and no Insurer Default has occurred and is continuing) direct the Owner Trustee in the management of the Trust, but only to the extent consistent with the limited purpose of the Trust. Such direction may be exercised at any time by written instruction of the Ownership Certificate a Holder pursuant to this Article V.

Appears in 2 contracts

Samples: Transfer and Servicing Agreement (Greenpoint Mortgage Funding Trust 2005-He3), Sale and Servicing Agreement (IndyMac Home Equity Mortgage Loan Asset-Backed Trust, Series 2006-H1)

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Action upon Instruction. (a) Subject to Article V and in accordance with the terms of the Operative Agreements, the Ownership Certificate a Holder may by written instruction direct the Owner Trustee in the management of the Trust, but only to the extent consistent with the limited purpose of the Trust. Such direction may be exercised at any time by written instruction of the Ownership Certificate a Holder pursuant to this Article V.

Appears in 2 contracts

Samples: Trust Agreement (Greenpoint Mortgage Funding Trust 2005-He4), Sale and Servicing Agreement (Greenpoint Mortgage Funding Trust 2005-He1)

Action upon Instruction. (a) Subject to Article V and in accordance with the terms of the Operative Agreements, the Ownership Certificate Holder Holders of the Trust Certificates may by written instruction direct the Owner Trustee in the management of the Trust, but only to the extent consistent with the limited purpose of the Trust. Such direction may be exercised at any time by written instruction of the Ownership Certificate Holder Holders of the Trust Certificates pursuant to this Article V.

Appears in 1 contract

Samples: Trust Agreement (Saxon Asset Securities Co)

Action upon Instruction. (a) Subject to Article V and in accordance with the terms of the Operative Agreements, the Ownership Certificate a Holder may by written instruction with a copy to the Insurers (so long as the Notes are Outstanding) direct the Owner Trustee in the management of the Trust, but only to the extent consistent with the limited purpose of the Trust. Such direction may be exercised at any time by written instruction of the Ownership Certificate a Holder pursuant to this Article V.

Appears in 1 contract

Samples: Transfer and Servicing Agreement (Greenpoint Mortgage Funding Trust 2006-He1)

Action upon Instruction. (a) Subject to this Article V and in accordance with the terms of the Operative Agreements, the Ownership Certificate Holder may by written instruction direct the Owner Trustee in the management of the Trust, but only to the extent consistent with the limited purpose of the Trust. Such direction may be exercised at any time by written instruction of the Ownership Certificate Holder pursuant to this Article V.

Appears in 1 contract

Samples: Trust Agreement (Aames Mortgage Investment Trust 2006-1)

Action upon Instruction. (a) Subject to Article V and in accordance with the terms of the Operative Agreements, the Ownership Certificate a Holder may by written instruction with a copy to the Insurer (so long as the Class A Notes are Outstanding) direct the Owner Trustee in the management of the Trust, but only to the extent consistent with the limited purpose of the Trust. Such direction may be exercised at any time by written instruction of the Ownership Certificate a Holder pursuant to this Article V.

Appears in 1 contract

Samples: Transfer and Servicing Agreement (Lehman ABS Corp. Home Equity Loan Trust 2005-1)

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