Common use of Amendment Relating to Transfers to Disqualified Organizations Clause in Contracts

Amendment Relating to Transfers to Disqualified Organizations. Xxxxxx Mae and the Trustee may, without the consent of any Holders of the Certificates, upon notice to the Holders of the Residual Certificates, notwithstanding any provisions hereof to the contrary, amend this Trust Agreement in such manner as Xxxxxx Xxx may direct; provided, however, that any such amendment shall be limited to such matters as, in the judgment of Xxxxxx Mae, based upon the written advice of its tax counsel, are reasonably necessary (i) to ensure that the record ownership of, or any beneficial interest in, any Residual Certificate is not transferred, directly or indirectly, to a Disqualified Organization; and (ii) to provide for a means to compel the transfer of any Residual Certificate which is held by a Disqualified Organization to a Holder which is not a Disqualified Organization.

Amendment Relating to Transfers to Disqualified Organizations. Xxxxxx Mae Xxx and the Trustee may, without the consent of any Holders of the Certificates, upon notice to the Holders of the Residual Certificates, notwithstanding any provisions hereof to the contrary, amend this Trust Agreement in such manner as Xxxxxx Xxx Mae may direct; provided, however, that any such amendment shall be limited to such matters as, in the judgment of Xxxxxx MaeXxx, based upon the written advice of its tax counsel, are reasonably necessary (i) to ensure that the record ownership of, or any beneficial interest in, any Residual Certificate is not transferred, directly or indirectly, to a Disqualified Organization; and (ii) to provide for a means to compel the transfer of any Residual Certificate which is held by a Disqualified Organization to a Holder which is not a Disqualified Organization.

Amendment Relating to Transfers to Disqualified Organizations. Xxxxxx Mae and the Trustee may, without the consent of any Holders of the Certificates, upon notice to the Holders Holder of the Residual CertificatesCertificate, notwithstanding any provisions hereof to the contrary, amend this Trust Agreement in such manner as Xxxxxx Xxx may direct; provided, however, that any such amendment shall be limited to such matters as, in the judgment of Xxxxxx Mae, based upon the written advice of its tax counsel, are reasonably necessary (i) to ensure that the record ownership of, or any beneficial interest in, any Residual Certificate is not transferred, directly or indirectly, to a Disqualified Organization; and (ii) to provide for a means to compel the transfer of any Residual Certificate which is held by a Disqualified Organization to a Holder which is not a Disqualified Organization.

Amendment Relating to Transfers to Disqualified Organizations. Xxxxxx Mae and the Trustee may, without the consent of any Holders of the Certificates, upon notice to the Holders Holder of the Residual CertificatesCertificate, notwithstanding any provisions hereof to the contrary, amend this Trust Agreement in such manner as Xxxxxx Xxx may direct; provided, however, that any such amendment shall be limited to such matters as, in the judgment of Xxxxxx Mae, based upon the written advice of its tax counsel, are reasonably necessary (i) to ensure that the record ownership of, or any beneficial interest in, any the Residual Certificate is not transferred, directly or indirectly, to a Disqualified Organization; and (ii) to provide for a means to compel the transfer of any the Residual Certificate which is held by a Disqualified Organization to a Holder which is not a Disqualified Organization.

Amendment Relating to Transfers to Disqualified Organizations. Xxxxxx Mae Xxx and the Trustee may, without the consent of any Holders of the Certificates, upon notice to the Holders Holder of the Residual CertificatesCertificate, notwithstanding any provisions hereof to the contrary, amend this Trust Agreement in such manner as Xxxxxx Xxx Mae may direct; provided, however, that any such amendment shall be limited to such matters as, in the judgment of Xxxxxx MaeXxx, based upon the written advice of its tax counsel, are reasonably necessary (i) to ensure that the record ownership of, or any beneficial interest in, any Residual Certificate is not transferred, directly or indirectly, to a Disqualified Organization; and (ii) to provide for a means to compel the transfer of any Residual Certificate which is held by a Disqualified Organization to a Holder which is not a Disqualified Organization.

Amendment Relating to Transfers to Disqualified Organizations. Xxxxxx Mae and Farmer Mac, FMXXX xxd the Trustee may, without the consent of any Holders of the Certificates, upon notice to the Holders of the Residual Certificates, notwithstanding any provisions hereof to the contrary, amend this Trust Agreement in such manner as Xxxxxx Xxx they may directchoose; provided, however, that any such amendment shall be limited to such matters as, in the judgment of Xxxxxx Maethe parties hereto, based upon the written advice of its tax counsel, are reasonably necessary (i) to ensure that the record ownership of, or any beneficial interest in, any Residual Certificate is not transferred, directly or indirectly, to a Disqualified Organization; and (ii) to provide for a means to compel the transfer of any Residual Certificate which is held by a Disqualified Organization to a Holder which is not a Disqualified Organization.

Amendment Relating to Transfers to Disqualified Organizations. Xxxxxx Mae Xxx and the Trustee may, without the consent of any Holders of the Certificates, upon notice to the Holders Holder of the Residual CertificatesCertificate, notwithstanding any provisions hereof to the contrary, amend this Trust Agreement in such manner as Xxxxxx Xxx Mae may direct; provided, however, that any such amendment shall be limited to such matters as, in the judgment of Xxxxxx MaeXxx, based upon the written advice of its tax counsel, are reasonably necessary (i) to ensure that the record ownership of, or any beneficial interest in, any the Residual Certificate is not transferred, directly or indirectly, to a Disqualified Organization; and (ii) to provide for a means to compel the transfer of any the Residual Certificate which is held by a Disqualified Organization to a Holder which is not a Disqualified Organization.

Amendment Relating to Transfers to Disqualified Organizations. Xxxxxx Mae Xxx and the Trustee may, without the consent of any Holders of the Certificates, upon notice to the Holders of the Residual Certificates, notwithstanding any provisions hereof to the contrary, amend this Trust Agreement in such manner as Xxxxxx Xxx Mae may direct; provided, however, that any such amendment shall be limited to such matters as, in the judgment of Xxxxxx MaeXxx, based upon the written advice of its tax counsel, are reasonably necessary (i) to ensure that the record ownership of, or any beneficial interest in, any Residual Certificate is not transferred, directly or indirectly, to a Disqualified Organizationorganization; and (ii) to provide for a means to compel the transfer of any Residual Certificate which is held by a Disqualified Organization to a Holder which is not a Disqualified Organization.

Amendment Relating to Transfers to Disqualified Organizations. Xxxxxx Mae Xxx and the Trustee may, without the consent of any Holders of the Certificates, upon notice to the Holders of the Residual Certificates, notwithstanding any provisions hereof to the contrary, amend this Trust Agreement in such manner as Xxxxxx Xxx Mae may direct; provided, however, that any such amendment shall be limited to such matters as, in the judgment of Xxxxxx MaeXxx, based upon the written advice of its tax counsel, are reasonably necessary (i) to ensure that the record ownership of, or any beneficial interest in, any Residual Certificate is not transferred, directly or indirectly, to a Disqualified Organization; and (ii) to provide for a means to compel the transfer of any Residual Certificate which is held by a Disqualified Organization to a Holder which is not a Disqualified Organization. ARTICLE VI‌ Section 6.01.

Amendment Relating to Transfers to Disqualified Organizations. Xxxxxx Mae Xxx and the Trustee may, without the consent of any Holders of the Certificates, upon notice to the Holders of the Residual Certificates, notwithstanding any provisions hereof to the contrary, amend this Trust Agreement in such manner as Xxxxxx Xxx may direct; provided, however, that any such amendment shall be limited to such matters as, in the judgment of Xxxxxx Mae, based upon the written advice of its tax counsel, are reasonably necessary (i) to ensure that the record ownership of, or any beneficial interest in, any Residual Certificate is not transferred, directly or indirectly, to a Disqualified Organization; and (ii) to provide for a means to compel the transfer of any Residual Certificate which is held by a Disqualified Organization to a Holder which is not a Disqualified Organization.