Acts of Owners. Except as otherwise specifically provided herein, whenever Owner action, consent or approval is required under this Agreement, such action, consent or approval shall be deemed to have been taken or given on behalf of, and shall be binding upon, all Owners if the Owners of the majority of the Percentage Interest of the Notes agree to take such action or give such consent or approval.
Appears in 12 contracts
Samples: Sale and Servicing Agreement (Imc Home Equity Loan Owner Trust 1998-4), Sale and Servicing Agreement (First Alliance Mortgage Co /De/), Sale and Servicing Agreement (Imc Home Equity Loan Owner Trust 1997-6)
Acts of Owners. Except as otherwise specifically provided herein, whenever Owner action, consent or approval is required under this Agreement, such action, consent or approval shall be deemed to have been taken or given on behalf of, and shall be binding upon, all Owners if the Owners of the majority of the Percentage Interest of the Notes Majority Noteholders agree to take such action or give such consent or approval.
Appears in 3 contracts
Samples: Sale and Servicing Agreement (Bluegreen Corp), Sale and Servicing Agreement (Oakwood Homes Corp), Sale and Servicing Agreement (Oakwood Homes Corp)
