Administration of GNMA Certificates and FHA Debentures Sample Clauses

Administration of GNMA Certificates and FHA Debentures. If at any time the Trustee, as the registered holder of a GNMA Certificate or an FHA Debenture, is requested in such capacity, by any Person whatsoever to take any action (other than the disposition thereof) or to give any consent, approval or waiver, then the Trustee shall promptly notify all of the Certificateholders of such request in writing and shall, in its capacity as the registered holder of such GNMA Certificate or FHA Debenture, as the case may be, take such action in connection with the exercise and/or enforcement of any rights and/or remedies available to it in such capacity with respect to such request only as Holders entitled to at least 51% of the Voting Rights allocated to the Classes affected thereby shall direct in writing. If the Trustee does not receive written instructions from Holders entitled to at least 51% of such Voting Rights within 30 days of their receipt of such notification from the Trustee, the Trustee may (i) take such course of action as it determines, in its reasonable and good faith judgment, is in the best interests of the Certificateholders or (ii) refuse to take such requested action or to give any such requested consent, approval or waiver.