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

Amendment Relating to Transfers to Disqualified Organizations. Xxxxxx Xxx and the Trustee may, without the consent of any Holders of the Certificates, upon notice to the Holder of the Class 38-R Certificate, notwithstanding any provisions of the Trust Agreement to the contrary, amend this Issue Supplement in such manner as Xxxxxx Mae may direct; provided, however, that any such amendment shall be limited to such matters as, in the judgment of Xxxxxx Xxx, 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, the Class 38-R Certificate is not transferred, directly or indirectly, to a Disqualified Organization; and (ii) to provide for a means to compel the transfer of the Class 38-R Certificate that is held by a Disqualified Organization to a Holder that is not a Disqualified Organization.

Amendment Relating to Transfers to Disqualified Organizations. Xxxxxx Xxx Mae and the Trustee may, without the consent of any Holders of the Certificates, upon notice to the Holder of the Class 3871-R Certificate, notwithstanding any provisions of the Trust Agreement to the contrary, amend this Issue Supplement in such manner as Xxxxxx Mae Xxx may direct; provided, however, that any such amendment shall be limited to such matters as, in the judgment of Xxxxxx XxxMae, 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, the Class 3871-R Certificate is not transferred, directly or indirectly, to a Disqualified Organization; and (ii) to provide for a means to compel the transfer of the Class 3871-R Certificate that is held by a Disqualified Organization to a Holder that is not a Disqualified Organization.

Amendment Relating to Transfers to Disqualified Organizations. Xxxxxx Xxx and the Trustee may, without the consent of any Holders of the Certificates, upon notice to the Holder of the Class 3859-R Certificate, notwithstanding any provisions of the Trust Agreement to the contrary, amend this Issue Supplement in such manner as Xxxxxx Mae may direct; provided, however, that any such amendment shall be limited to such matters as, in the judgment of Xxxxxx Xxx, 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, the Class 3859-R Certificate is not transferred, directly or indirectly, to a Disqualified Organization; and (ii) to provide for a means to compel the transfer of the Class 3859-R Certificate that is held by a Disqualified Organization to a Holder that is not a Disqualified Organization.

Amendment Relating to Transfers to Disqualified Organizations. Xxxxxx Xxx Mae and the Trustee may, without the consent of any Holders of the Certificates, upon notice to the Holder of the Class 3858-R Certificate, notwithstanding any provisions of the Trust Agreement to the contrary, amend this Issue Supplement in such manner as Xxxxxx Mae Xxx may direct; provided, however, that any such amendment shall be limited to such matters as, in the judgment of Xxxxxx XxxMae, 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, the Class 3858-R Certificate is not transferred, directly or indirectly, to a Disqualified Organization; and (ii) to provide for a means to compel the transfer of the Class 3858-R Certificate that is held by a Disqualified Organization to a Holder that is not a Disqualified Organization.

Amendment Relating to Transfers to Disqualified Organizations. Xxxxxx Xxx Mae and the Trustee may, without the consent of any Holders of the Certificates, upon notice to the Holder of the Class 3842-R Certificate, notwithstanding any provisions of the Trust Agreement to the contrary, amend this Issue Supplement in such manner as Xxxxxx Mae Xxx may direct; provided, however, that any such amendment shall be limited to such matters as, in the judgment of Xxxxxx XxxMae, 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, the Class 3842-R Certificate is not transferred, directly or indirectly, to a Disqualified Organization; and (ii) to provide for a means to compel the transfer of the Class 3842-R Certificate that is held by a Disqualified Organization to a Holder that is not a Disqualified Organization.