Acts of Securityholders. Except as otherwise specifically provided herein, whenever Securityholder 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 Securityholders if the Majority Securityholders agree to take such action or give such consent or approval.
Appears in 32 contracts
Samples: Custodial Agreement (SASCO Mortgage Loan Trust 2004-Gel3), Custodial Agreement (Sasco Mortgage Loan Trust Series 2004-Gel2), Servicing Agreement (Greenpoint Mortgage Funding Trust 2005-He4)
Acts of Securityholders. Except as otherwise specifically provided hereinherein and except with respect to Section 11.02(b), whenever Securityholder action, consent or approval of the Securityholders 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 Securityholders if the Majority Securityholders Noteholders agree to take such action or give such consent or approval.
Appears in 12 contracts
Samples: Sale and Servicing Agreement (H&r Block Inc), Sale and Servicing Agreement (H&r Block Inc), Sale and Servicing Agreement (Hercules Technology Growth Capital Inc)
Acts of Securityholders. Except as otherwise specifically provided herein, whenever Securityholder 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 Securityholders if the Majority Securityholders agree to take such action or give such consent or approval; provided, however, that so long as no Insurer Default has occurred and is continuing any action, consent or approval required under this Agreement by the Securityholders will instead be taken or given by the Insurer.
Appears in 4 contracts
Samples: Sale and Servicing Agreement (Thornburg Mortgage Securities Corp), Transfer and Servicing Agreement (Lehman Abs Corp), Transfer and Servicing Agreement (Structured Asset Securities Corp)
Acts of Securityholders. Except as otherwise ----------------------- specifically provided herein, whenever Securityholder 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 Securityholders if the Majority Securityholders agree to take such action or give such consent or approval.
Appears in 3 contracts
Samples: Sale and Servicing Agreement (Firstplus Investment Corp), Sale and Servicing Agreement (Firstplus Investment Corp), Administration Agreement (Firstplus Investment Corp)
Acts of Securityholders. Except as otherwise specifically provided hereinherein and except with respect to Section 13.02(b), whenever Securityholder action, consent or approval of the Securityholders 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 Securityholders if the Majority Securityholders Noteholders agree to take such action or give such consent or approval.
Appears in 3 contracts
Samples: Sale and Servicing Agreement (Capitalsource Inc), Sale and Servicing Agreement (Capitalsource Inc), Sale and Servicing Agreement (Capitalsource Inc)
Acts of Securityholders. (a) Except as otherwise specifically provided herein, whenever Securityholder 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 Securityholders if the Majority Securityholders agree or the Note Insurer agrees to take such action or give such consent or approval.
Appears in 2 contracts
Samples: Sale and Servicing Agreement (Finance America Securities LLC), Sale and Servicing Agreement (Ace Securities Corp Home Loan Trust 1999 a Asset Backed Note)
Acts of Securityholders. Except as otherwise specifically provided hereinherein and except with respect to Section 11.02(b), whenever Securityholder action, consent or approval of the Securityholders 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 Securityholders if the Majority Securityholders Noteholders agree to take such such, action or give such consent or approval.
Appears in 2 contracts
Samples: Sale and Servicing Agreement (H&r Block Inc), Sale and Servicing Agreement (H&r Block Inc)
Acts of Securityholders. Except as otherwise specifically provided herein, whenever Securityholder 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 Securityholders if the Majority Securityholders agree to take such action or give such consent or approval; provided, however, that any action, consent or approval required under this Agreement by the Securityholders will instead be taken or given by the Controlling Insurer.
Appears in 2 contracts
Samples: Transfer and Servicing Agreement (Greenpoint Mortgage Funding Trust 2006-He1), Sale and Servicing Agreement (Bond Securitization LLC)
Acts of Securityholders. Except as otherwise specifically provided herein, whenever Securityholder action, consent or approval of the Securityholders 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 Securityholders if the Majority Securityholders Noteholders agree to take such action or give such consent or approval.
Appears in 2 contracts
Samples: Sale and Servicing Agreement (Advanta Corp), Sale and Servicing Agreement (Advanta Corp)
Acts of Securityholders. Except as otherwise specifically provided herein, whenever Securityholder action, consent or approval of the Securityholders 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 Securityholders if the Majority Securityholders agree to take such action or give such consent or approval.
Appears in 1 contract
Samples: Sale and Servicing Agreement (Financial Asset Securities Corp)
Acts of Securityholders. Except as otherwise specifically provided herein, whenever Securityholder 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 Securityholders if the Majority Securityholders representing 662/3% Voting Interests agree to take such action or give such consent or approval.
Appears in 1 contract
Samples: Transfer and Servicing Agreement (FBR Securitization, Inc.)
Acts of Securityholders. Except as otherwise specifically ----------------------- provided herein, whenever Securityholder 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 Securityholders if the Majority Securityholders agree to take such action or give such consent or approval.
Appears in 1 contract
Samples: Sale and Servicing Agreement (Firstplus Investment Corp)
Acts of Securityholders. Except as otherwise specifically provided herein, whenever Securityholder 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 Securityholders if the Majority Securityholders agree to take such action or give such consent or approval; provided, however, that so long as the Class A Notes are Outstanding and no Insurer Default has occurred and is continuing any action, consent or approval required under this Agreement by the Securityholders will instead be taken or given by the Insurer.
Appears in 1 contract
Samples: Transfer and Servicing Agreement (Lehman ABS Corp. Home Equity Loan Trust 2005-1)
Acts of Securityholders. Except as otherwise specifically provided hereinherein and except with respect to Section 11.02(b), whenever Securityholder action, consent or approval of the Securityholders is required under this Agreement, 66 such action, consent or approval shall be deemed to have been taken or given on behalf of, and shall be binding upon, all Securityholders if the Majority Securityholders Noteholders agree to take such such, action or give such consent or approval.
Appears in 1 contract
