{"component": "clause", "props": {"groups": [{"snippet_links": [{"key": "death-or-incapacity", "type": "clause", "offset": [4, 23]}, {"key": "this-trust", "type": "definition", "offset": [84, 94]}, {"key": "legal-representative", "type": "definition", "offset": [143, 163]}, {"key": "action-or-proceeding", "type": "clause", "offset": [211, 231]}, {"key": "winding-up", "type": "clause", "offset": [264, 274]}, {"key": "the-rights", "type": "clause", "offset": [330, 340]}, {"key": "duties-and-obligations", "type": "clause", "offset": [342, 364]}, {"key": "except-as-provided-in", "type": "clause", "offset": [412, 433]}, {"key": "article-vii", "type": "definition", "offset": [448, 459]}, {"key": "right-to-vote", "type": "clause", "offset": [497, 510]}, {"key": "management-of-the-trust-fund", "type": "clause", "offset": [564, 592]}, {"key": "the-parties-hereto", "type": "clause", "offset": [616, 634]}, {"key": "contained-in", "type": "definition", "offset": [676, 688]}, {"key": "terms-of-the-certificates", "type": "clause", "offset": [693, 718]}, {"key": "from-time-to-time", "type": "clause", "offset": [776, 793]}, {"key": "members-of", "type": "clause", "offset": [809, 819]}, {"key": "an-association", "type": "clause", "offset": [820, 834]}, {"key": "third-person", "type": "definition", "offset": [898, 910]}, {"key": "action-taken", "type": "definition", "offset": [928, 940]}, {"key": "by-the-parties", "type": "clause", "offset": [941, 955]}, {"key": "pursuant-to", "type": "clause", "offset": [980, 991]}, {"key": "provision-of", "type": "clause", "offset": [1073, 1085]}, {"key": "agreement-to", "type": "clause", "offset": [1097, 1109]}, {"key": "with-respect-to", "type": "clause", "offset": [1188, 1203]}, {"key": "default-shall", "type": "definition", "offset": [1244, 1257]}, {"key": "in-respect-of", "type": "clause", "offset": [1290, 1303]}, {"key": "the-trust-agreement", "type": "clause", "offset": [1304, 1323]}, {"key": "the-trustee", "type": "clause", "offset": [1449, 1460]}, {"key": "holders-of-certificates", "type": "clause", "offset": [1482, 1505]}, {"key": "rights-of-the-holders", "type": "clause", "offset": [1637, 1658]}, {"key": "enforcement-of", "type": "clause", "offset": [1961, 1975]}, {"key": "provisions-of-this-section", "type": "clause", "offset": [1980, 2006]}, {"key": "trustee-shall", "type": "definition", "offset": [2049, 2062]}], "snippet": "The death or incapacity of any Certificateholder shall neither operate to terminate this Trust Agreement, nor entitle such Certificateholder\u2019s legal representative or heirs to claim an accounting or to take any action or proceeding in any court for a partition or winding up of the affairs of the Trust Fund, nor otherwise affect the rights, duties and obligations of any of the parties to this Trust Agreement. Except as provided in Article V and Article VII, no Certificateholder shall have any right to vote or in any manner otherwise control the operation and management of the Trust Fund, or the obligations of the parties hereto, nor shall anything herein set forth, or contained in the terms of the Certificates, be construed so as to constitute the Certificateholders from time to time as partners or members of an association; nor shall any Certificateholder be under any liability to any third person by reason of any action taken by the parties to this Trust Agreement pursuant to any provision hereof. No Certificateholder shall have any right by virtue of any provision of this Trust Agreement to institute any suit, action or proceeding in equity or at law upon or under or with respect to this Trust Agreement unless an Event of Default shall have occurred and be continuing in respect of the Trust Agreement. It is understood and intended, and is expressly covenanted by each Certificateholder with every other Certificateholder and the Trustee, that no one or more Holders of Certificates shall have any right in any manner whatever by virtue of any provision of this Trust Agreement to affect, disturb or prejudice the rights of the Holders of any other such Certificates, or to obtain or seek to obtain priority over or preference to any other such Holder, or to enforce any right under this Trust Agreement, except in the manner herein provided and for the equal, ratable and common benefit of all Certificateholders. For the protection and enforcement of the provisions of this Section, each and every Certificateholder and the Trustee shall be entitled to such relief as can be given either at law or in equity.", "size": 223, "samples": [{"hash": "lyjVfmP4oFs", "uri": "/contracts/lyjVfmP4oFs#certificateholders", "label": "Trust Agreement", "score": 21.0, "published": true}, {"hash": "lsjYm5V7sJj", "uri": "/contracts/lsjYm5V7sJj#certificateholders", "label": "Trust Agreement", "score": 21.0, "published": true}, {"hash": "lhLK5rb6SMg", "uri": "/contracts/lhLK5rb6SMg#certificateholders", "label": "Trust Agreement", "score": 21.0, "published": true}], "hash": "fbdf7e20598cf0946fbd0ff327ee56d2", "id": 1}, {"snippet_links": [{"key": "notwithstanding-anything-to-the-contrary-contained", "type": "clause", "offset": [0, 50]}, {"key": "the-trustee", "type": "clause", "offset": [59, 70]}, {"key": "to-the-class", "type": "clause", "offset": [139, 151]}, {"key": "distribution-date", "type": "clause", "offset": [182, 199]}, {"key": "sufficient-funds", "type": "clause", "offset": [200, 216]}, {"key": "to-reimburse", "type": "definition", "offset": [217, 229]}, {"key": "tax-matters-person", "type": "definition", "offset": [234, 252]}, {"key": "in-accordance-with", "type": "definition", "offset": [286, 304]}, {"key": "the-definition-of", "type": "definition", "offset": [305, 322]}, {"key": "if-applicable", "type": "definition", "offset": [352, 365]}, {"key": "payment-of", "type": "clause", "offset": [376, 386]}, {"key": "written-request", "type": "definition", "offset": [406, 421]}, {"key": "to-the-extent", "type": "clause", "offset": [462, 475]}], "snippet": "Notwithstanding anything to the contrary contained herein, the Trustee is hereby authorized to retain from amounts otherwise distributable to the Class R-1 Certificateholders on any Distribution Date sufficient funds to reimburse the Tax Matters Person (or any agent therefor appointed in accordance with the definition of \"Tax Matters Person\" herein, if applicable), for the payment of such tax (upon the written request of the Tax Matters Person or its agent, to the extent reimbursable, and to the extent that the Tax Matters Person or its agent has not been previously reimbursed therefor).", "size": 38, "samples": [{"hash": "x6gHO8HbVz", "uri": "/contracts/x6gHO8HbVz#certificateholders", "label": "Pooling and Servicing Agreement (Wamu Mortgage Pass Through Cert Series 2001-S8)", "score": 18.0, "published": true}, {"hash": "lWzbqXou0TL", "uri": "/contracts/lWzbqXou0TL#certificateholders", "label": "Pooling and Servicing Agreement (Mortgage Pass- Through Certificates Series 2001-9)", "score": 18.0, "published": true}, {"hash": "l0ptVCYWeN2", "uri": "/contracts/l0ptVCYWeN2#certificateholders", "label": "Pooling and Servicing Agreement (Wamu Mortgage Pass Through Cert Series 2001-5)", "score": 18.0, "published": true}], "hash": "bace324ba4563da3202ea84dbdb3a3e2", "id": 2}, {"snippet_links": [{"key": "the-master-servicer", "type": "clause", "offset": [31, 50]}, {"key": "right-to-purchase", "type": "definition", "offset": [58, 75]}, {"key": "the-trust-fund", "type": "clause", "offset": [90, 104]}, {"key": "the-certificate-account", "type": "clause", "offset": [143, 166]}, {"key": "final-distribution-date", "type": "definition", "offset": [179, 202]}, {"key": "immediately-available-funds", "type": "definition", "offset": [206, 233]}, {"key": "equal-to", "type": "definition", "offset": [244, 252]}, {"key": "purchase-price-for-the-assets", "type": "clause", "offset": [257, 286]}, {"key": "outstanding-certificates", "type": "clause", "offset": [414, 438]}, {"key": "eligible-account", "type": "definition", "offset": [480, 496]}, {"key": "on-behalf-of", "type": "clause", "offset": [533, 545]}, {"key": "name-of-the-trustee", "type": "clause", "offset": [607, 626]}, {"key": "in-trust-for", "type": "definition", "offset": [627, 639]}, {"key": "holders-of-the-certificates", "type": "definition", "offset": [655, 682]}, {"key": "the-distribution-date", "type": "definition", "offset": [691, 712]}, {"key": "notice-of", "type": "definition", "offset": [879, 888]}, {"key": "to-the-trustee", "type": "clause", "offset": [902, 916]}], "snippet": "As a result of the exercise by the Master Servicer of its right to purchase the assets of the Trust Fund, the Master Servicer shall deposit in the Certificate Account, before the Final Distribution Date in immediately available funds an amount equal to the purchase price for the assets of the Trust Fund, computed as provided above. As a result of the exercise by the Master Servicer of its right to purchase the outstanding Certificates, the Master Servicer shall deposit in an Eligible Account, established by the Master Servicer on behalf of the Trustee and separate from the Certificate Account in the name of the Trustee in trust for the registered holders of the Certificates, before the Distribution Date on which such purchase is to occur in immediately available funds an amount equal to the purchase price for the Certificates, computed as above provided, and provide notice of such deposit to the Trustee. The Trustee will withdraw from such account the amount specified in subsection (c) below.", "size": 29, "samples": [{"hash": "rItmoZrfYe", "uri": "/contracts/rItmoZrfYe#certificateholders", "label": "Pooling and Servicing Agreement (Residential Accredit Loans Inc)", "score": 18.0, "published": true}, {"hash": "kH2FKrTcIzS", "uri": "/contracts/kH2FKrTcIzS#certificateholders", "label": "Pooling and Servicing Agreement (Residential Accredit Loans Inc)", "score": 18.0, "published": true}, {"hash": "jiPXomQ8hgQ", "uri": "/contracts/jiPXomQ8hgQ#certificateholders", "label": "Pooling and Servicing Agreement (Residential Funding Mortgage Securities I Inc)", "score": 18.0, "published": true}], "hash": "53c6de34b354541bb3c04f652586cbf0", "id": 3}, {"snippet_links": [{"key": "bank-of-new-york-mellon", "type": "definition", "offset": [60, 83]}, {"key": "trustee-shall", "type": "definition", "offset": [89, 102]}, {"key": "title-and-interest", "type": "clause", "offset": [122, 140]}, {"key": "funds-and-property", "type": "clause", "offset": [148, 166]}, {"key": "from-time-to-time", "type": "clause", "offset": [167, 184]}, {"key": "control-of-the", "type": "clause", "offset": [319, 333]}, {"key": "for-the-benefit-of", "type": "definition", "offset": [342, 360]}, {"key": "the-series", "type": "clause", "offset": [361, 371]}, {"key": "at-any-time", "type": "clause", "offset": [402, 413]}, {"key": "eligible-deposit-account", "type": "clause", "offset": [450, 474]}, {"key": "the-servicer", "type": "definition", "offset": [492, 504]}, {"key": "business-days", "type": "definition", "offset": [536, 549]}, {"key": "not-to-exceed", "type": "definition", "offset": [574, 587]}, {"key": "calendar-days", "type": "clause", "offset": [591, 604]}, {"key": "agency-shall", "type": "clause", "offset": [630, 642]}, {"key": "new-reserve-account", "type": "clause", "offset": [664, 683]}, {"key": "the-conditions", "type": "clause", "offset": [692, 706]}, {"key": "withdrawals-from-the-reserve-account", "type": "clause", "offset": [893, 929]}, {"key": "available-reserve-account-amount", "type": "definition", "offset": [971, 1003]}, {"key": "for-the-purposes", "type": "clause", "offset": [1018, 1034]}, {"key": "distribution-date", "type": "clause", "offset": [1082, 1099]}, {"key": "reserve-account-funding-date", "type": "definition", "offset": [1120, 1148]}, {"key": "termination-of-the-reserve-account", "type": "clause", "offset": [1163, 1197]}, {"key": "in-accordance-with", "type": "definition", "offset": [1280, 1298]}], "snippet": "The Reserve Account shall initially be established with The Bank of New York Mellon. The Trustee shall possess all right, title and interest in all funds and property from time to time deposited in or credited to the Reserve Account and in all proceeds thereof. The Reserve Account shall be under the sole dominion and control of the Trustee for the benefit of the Series 2023-2 Certificateholders. If at any time the Reserve Account ceases to be an Eligible Deposit Account, the Trustee (or the Servicer on its behalf) shall within 10 Business Days (or such longer period, not to exceed 30 calendar days, as to which each Rating Agency shall consent) establish a new Reserve Account meeting the conditions specified above as an Eligible Deposit Account, and shall transfer any cash or any investments to such new Reserve Account. The Trustee, at the direction of the Servicer, shall (i) make withdrawals from the Reserve Account from time to time in an amount up to the Available Reserve Account Amount at such time, for the purposes set forth in this Supplement, and (ii) on each Distribution Date (from and after the Reserve Account Funding Date) prior to the termination of the Reserve Account make a deposit into the Reserve Account in the amount specified in, and otherwise in accordance with, subsection 4.07(j).", "size": 29, "samples": [{"hash": "9xATKjd98Kk", "uri": "/contracts/9xATKjd98Kk#certificateholders", "label": "Pooling and Servicing Agreement (American Express Receivables Financing Corp Iii LLC)", "score": 34.4483230664, "published": true}, {"hash": "kNALIHJk7C1", "uri": "/contracts/kNALIHJk7C1#certificateholders", "label": "Pooling and Servicing Agreement (American Express Receivables Financing Corp Iii LLC)", "score": 34.4346351624, "published": true}], "hash": "b2d258edabc2d9ab6b5186bcc7af3107", "id": 4}, {"snippet_links": [{"key": "at-any-time", "type": "clause", "offset": [3, 14]}, {"key": "eligible-deposit-account", "type": "clause", "offset": [51, 75]}, {"key": "the-trustee", "type": "clause", "offset": [77, 88]}, {"key": "the-servicer", "type": "definition", "offset": [93, 105]}, {"key": "business-days", "type": "definition", "offset": [137, 150]}, {"key": "not-to-exceed", "type": "definition", "offset": [175, 188]}, {"key": "calendar-days", "type": "clause", "offset": [192, 205]}, {"key": "agency-shall", "type": "clause", "offset": [231, 243]}, {"key": "new-reserve-account", "type": "clause", "offset": [265, 284]}, {"key": "the-conditions", "type": "clause", "offset": [293, 307]}, {"key": "withdrawals-from-the-reserve-account", "type": "clause", "offset": [494, 530]}, {"key": "from-time-to-time", "type": "clause", "offset": [531, 548]}, {"key": "available-reserve-account-amount", "type": "definition", "offset": [572, 604]}, {"key": "for-the-purposes", "type": "clause", "offset": [619, 635]}, {"key": "distribution-date", "type": "clause", "offset": [683, 700]}, {"key": "reserve-account-funding-date", "type": "definition", "offset": [721, 749]}, {"key": "termination-of-the-reserve-account", "type": "clause", "offset": [764, 798]}, {"key": "in-accordance-with", "type": "definition", "offset": [881, 899]}], "snippet": "If at any time the Reserve Account ceases to be an Eligible Deposit Account, the Trustee (or the Servicer on its behalf) shall within 10 Business Days (or such longer period, not to exceed 30 calendar days, as to which each Rating Agency shall consent) establish a new Reserve Account meeting the conditions specified above as an Eligible Deposit Account, and shall transfer any cash or any investments to such new Reserve Account. The Trustee, at the direction of the Servicer, shall (i) make withdrawals from the Reserve Account from time to time in an amount up to the Available Reserve Account Amount at such time, for the purposes set forth in this Supplement, and (ii) on each Distribution Date (from and after the Reserve Account Funding Date) prior to the termination of the Reserve Account make a deposit into the Reserve Account in the amount specified in, and otherwise in accordance with, subsection 4.07(j).", "size": 26, "samples": [{"hash": "gkaJ1RdxExS", "uri": "/contracts/gkaJ1RdxExS#certificateholders", "label": "Pooling and Servicing Agreement (American Express Receivables Financing Corp Iii LLC)", "score": 36.553730011, "published": true}, {"hash": "bIL65W06fpe", "uri": "/contracts/bIL65W06fpe#certificateholders", "label": "Pooling and Servicing Agreement (American Express Receivables Financing Corp Iii LLC)", "score": 36.553730011, "published": true}, {"hash": "ig55vAYE9Ek", "uri": "/contracts/ig55vAYE9Ek#certificateholders", "label": "Pooling and Servicing Agreement (American Express Receivables Financing Corp Iii LLC)", "score": 36.5400428772, "published": true}], "hash": "41152555901d4a515dbb2cc24c3526f5", "id": 5}, {"snippet_links": [{"key": "the-reserve-account", "type": "clause", "offset": [0, 19]}, {"key": "bank-of-new-york-mellon", "type": "definition", "offset": [60, 83]}, {"key": "trustee-shall", "type": "definition", "offset": [89, 102]}, {"key": "title-and-interest", "type": "clause", "offset": [122, 140]}, {"key": "funds-and-property", "type": "clause", "offset": [148, 166]}, {"key": "from-time-to-time", "type": "clause", "offset": [167, 184]}, {"key": "control-of-the", "type": "clause", "offset": [319, 333]}, {"key": "for-the-benefit-of", "type": "definition", "offset": [342, 360]}, {"key": "the-series", "type": "clause", "offset": [361, 371]}], "snippet": "The Reserve Account shall initially be established with The Bank of New York Mellon. The Trustee shall possess all right, title and interest in all funds and property from time to time deposited in or credited to the Reserve Account and in all proceeds thereof. The Reserve Account shall be under the sole dominion and control of the Trustee for the benefit of the Series 2022-2", "size": 23, "samples": [{"hash": "lf7qkKzkjFr", "uri": "/contracts/lf7qkKzkjFr#certificateholders", "label": "Pooling and Servicing Agreement (American Express Receivables Financing Corp Iii LLC)", "score": 33.3915138245, "published": true}, {"hash": "cjKzoMrrJjV", "uri": "/contracts/cjKzoMrrJjV#certificateholders", "label": "Pooling and Servicing Agreement (American Express Receivables Financing Corp Iii LLC)", "score": 33.3750839233, "published": true}], "hash": "28b480e3d5d6576e83812d86e8bb4f3d", "id": 6}, {"snippet_links": [{"key": "the-master-servicer", "type": "clause", "offset": [0, 19]}, {"key": "the-mortgage-loans", "type": "clause", "offset": [49, 67]}, {"key": "in-accordance-with", "type": "definition", "offset": [68, 86]}, {"key": "state-and-federal-law", "type": "clause", "offset": [98, 119]}, {"key": "reports-required", "type": "clause", "offset": [160, 176]}, {"key": "performance-of-this-agreement", "type": "clause", "offset": [254, 283]}, {"key": "rules-and-requirements", "type": "clause", "offset": [304, 326]}, {"key": "standard-hazard-insurance-policy", "type": "definition", "offset": [353, 385]}, {"key": "subject-to-section", "type": "clause", "offset": [387, 405]}, {"key": "trustee-shall", "type": "definition", "offset": [416, 429]}, {"key": "written-request", "type": "definition", "offset": [446, 461]}, {"key": "furnish-to", "type": "clause", "offset": [490, 500]}, {"key": "limited-powers-of-attorney", "type": "clause", "offset": [557, 583]}, {"key": "and-other-documents", "type": "clause", "offset": [584, 603]}, {"key": "administrative-duties", "type": "clause", "offset": [712, 733]}, {"key": "actions-of-the", "type": "clause", "offset": [788, 802]}, {"key": "the-standards", "type": "clause", "offset": [921, 934]}, {"key": "advanced-funds", "type": "definition", "offset": [1012, 1026]}, {"key": "for-the-purpose-of", "type": "definition", "offset": [1040, 1058]}, {"key": "payment-of-taxes-and-assessments", "type": "clause", "offset": [1080, 1112]}, {"key": "mortgaged-properties", "type": "clause", "offset": [1120, 1140]}, {"key": "servicing-advances", "type": "clause", "offset": [1166, 1184]}, {"key": "first-instance", "type": "definition", "offset": [1205, 1219]}, {"key": "related-collections", "type": "definition", "offset": [1225, 1244]}, {"key": "pursuant-to-section", "type": "clause", "offset": [1265, 1284]}, {"key": "cost-incurred", "type": "definition", "offset": [1336, 1349]}, {"key": "mortgaged-property", "type": "definition", "offset": [1455, 1473]}, {"key": "distributions-to-certificateholders", "type": "clause", "offset": [1516, 1551]}, {"key": "balance-of-the", "type": "clause", "offset": [1586, 1600]}, {"key": "related-mortgage-loan", "type": "definition", "offset": [1601, 1622]}, {"key": "terms-of", "type": "definition", "offset": [1649, 1657]}, {"key": "such-mortgage-loan", "type": "definition", "offset": [1658, 1676]}, {"key": "agreement-to", "type": "clause", "offset": [1721, 1733]}, {"key": "future-advances", "type": "clause", "offset": [1785, 1800]}, {"key": "with-respect-to", "type": "clause", "offset": [1801, 1816]}, {"key": "a-mortgage-loan", "type": "definition", "offset": [1817, 1832]}, {"key": "except-as-provided-in", "type": "clause", "offset": [1834, 1855]}, {"key": "the-mortgagor", "type": "definition", "offset": [1912, 1925]}, {"key": "in-default", "type": "clause", "offset": [1929, 1939]}, {"key": "the-judgment", "type": "clause", "offset": [1997, 2009]}, {"key": "reasonably-foreseeable", "type": "clause", "offset": [2034, 2056]}, {"key": "mortgage-rate", "type": "clause", "offset": [2142, 2155]}, {"key": "the-principal", "type": "clause", "offset": [2176, 2189]}, {"key": "resulting-from", "type": "definition", "offset": [2221, 2235]}, {"key": "payments-of-principal", "type": "definition", "offset": [2243, 2264]}, {"key": "final-maturity-date", "type": "definition", "offset": [2280, 2299]}, {"key": "amendment-of", "type": "clause", "offset": [2365, 2377]}, {"key": "term-of", "type": "clause", "offset": [2382, 2389]}, {"key": "an-exchange", "type": "clause", "offset": [2435, 2446]}, {"key": "section-1001", "type": "clause", "offset": [2489, 2501]}, {"key": "the-code", "type": "clause", "offset": [2505, 2513]}, {"key": "proposed-treasury-regulations", "type": "definition", "offset": [2538, 2567]}, {"key": "remic-ii", "type": "definition", "offset": [2624, 2632]}, {"key": "to-qualify", "type": "clause", "offset": [2641, 2651]}, {"key": "prohibited-transactions", "type": "definition", "offset": [2711, 2734]}, {"key": "startup-date", "type": "definition", "offset": [2764, 2776]}, {"key": "remic-provisions", "type": "definition", "offset": [2788, 2804]}, {"key": "its-responsibilities", "type": "clause", "offset": [2839, 2859]}, {"key": "the-responsibilities", "type": "clause", "offset": [2964, 2984]}, {"key": "arising-under-this-agreement", "type": "definition", "offset": [3000, 3028]}], "snippet": "The Master Servicer shall service and administer the Mortgage Loans in accordance with applicable state and federal law and shall provide to the Mortgagors any reports required to be provided to them thereby. The Master Servicer shall also comply in the performance of this Agreement with all reasonable rules and requirements of each insurer under any standard hazard insurance policy. Subject to Section 3.17, the Trustee shall execute, at the written request of the Master Servicer, and furnish to the Master Servicer and any Sub-Servicer any special or limited powers of attorney and other documents necessary or appropriate to enable the Master Servicer or any Sub-Servicer to carry out their servicing and administrative duties hereunder and the Trustee shall not be liable for the actions of the Master Servicer or any SubServicers under such powers of attorney. Subject to Section 3.09 hereof, in accordance with the standards of the preceding paragraph, the Master Servicer shall advance or cause to be advanced funds as necessary for the purpose of effecting the timely payment of taxes and assessments on the Mortgaged Properties, which advances shall be Servicing Advances reimbursable in the first instance from related collections from the Mortgagors pursuant to Section 3.09, and further as provided in Section 3.11. Any cost incurred by the Master Servicer or by Sub-Servicers in effecting the timely payment of taxes and assessments on a Mortgaged Property shall not, for the purpose of calculating distributions to Certificateholders, be added to the unpaid principal balance of the related Mortgage Loan, notwithstanding that the terms of such Mortgage Loan so permit. Notwithstanding anything in this Agreement to the contrary, the Master Servicer may not make any future advances with respect to a Mortgage Loan (except as provided in Section 4.03) and the Master Servicer shall not (unless the Mortgagor is in default with respect to the Mortgage Loan or such default is, in the judgment of the Master Servicer, reasonably foreseeable) (i) permit any modification with respect to any Mortgage Loan that would change the Mortgage Rate, reduce or increase the principal balance (except for reductions resulting from actual payments of principal) or change the final maturity date on such Mortgage Loan or (ii) permit any modification, waiver or amendment of any term of any Mortgage Loan that would both (A) effect an exchange or reissuance of such Mortgage Loan under Section 1001 of the Code (or final, temporary or proposed Treasury regulations promulgated thereunder) and (B) cause either REMIC I or REMIC II to fail to qualify as a REMIC under the Code or the imposition of any tax on \"prohibited transactions\" or \"contributions after the startup date\" under the REMIC Provisions. The Master Servicer may delegate its responsibilities under this Agreement; provided, however, that no such delegation shall release the Master Servicer from the responsibilities or liabilities arising under this Agreement.", "size": 16, "samples": [{"hash": "k877ZpdiFQp", "uri": "/contracts/k877ZpdiFQp#certificateholders", "label": "Pooling and Servicing Agreement (Salomon Bros Mort Sec Vii Inc Ast Bk Fl Rte Cer Se 1997-Nc1)", "score": 18.0, "published": true}, {"hash": "iFwNPFykSwJ", "uri": "/contracts/iFwNPFykSwJ#certificateholders", "label": "Pooling and Servicing Agreement (Salomon Brothers Mort Sec Vii Inc Asst Back Cert Se 1997-Nc3)", "score": 18.0, "published": true}, {"hash": "999OBtdcDia", "uri": "/contracts/999OBtdcDia#certificateholders", "label": "Pooling and Servicing Agreement (Salomon Br Mor Sec Vii Inc New Cen Ast BCK Fl Rt Ce 1997 Nc2)", "score": 18.0, "published": true}], "hash": "a4d38bbe7a83c93bb41b43c2b4050b59", "id": 7}, {"snippet_links": [{"key": "at-any-time", "type": "clause", "offset": [4, 15]}, {"key": "the-institution", "type": "clause", "offset": [17, 32]}, {"key": "the-pre", "type": "clause", "offset": [41, 48]}, {"key": "funding-account", "type": "definition", "offset": [49, 64]}, {"key": "qualified-institution", "type": "definition", "offset": [80, 101]}, {"key": "the-transferor", "type": "clause", "offset": [103, 117]}, {"key": "the-servicer", "type": "definition", "offset": [131, 143]}, {"key": "to-establish", "type": "definition", "offset": [144, 156]}, {"key": "business-days", "type": "definition", "offset": [167, 180]}, {"key": "the-conditions", "type": "clause", "offset": [215, 229]}, {"key": "in-addition", "type": "clause", "offset": [451, 462]}, {"key": "five-days", "type": "definition", "offset": [470, 479]}, {"key": "notice-to-the-trustee", "type": "clause", "offset": [481, 502]}, {"key": "the-series", "type": "clause", "offset": [810, 820]}, {"key": "granted-to", "type": "definition", "offset": [895, 905]}, {"key": "the-agreement", "type": "clause", "offset": [943, 956]}, {"key": "by-the-trustee", "type": "clause", "offset": [1003, 1017]}, {"key": "withdrawals-and-payments", "type": "clause", "offset": [1027, 1051]}, {"key": "for-the-purposes-of", "type": "clause", "offset": [1141, 1160]}], "snippet": "If, at any time, the institution holding the Pre-Funding Account ceases to be a Qualified Institution, the Transferor shall direct the Servicer to establish within 10 Business Days a new Pre-Funding Account meeting the conditions specified above with a Qualified Institution, transfer any cash and/or any investments to such new Pre-Funding Account and from the date such new Pre-Funding Account is established, it shall be the \"Pre-Funding Account.\" In addition, after five days' notice to the Trustee, the Transferor may direct the Servicer to establish a new Pre-Funding Account meeting the conditions specified above with a different Qualified Institution, transfer any cash and/or investments to such new Pre-Funding Account and from the date such new Pre-Funding Account is established, it shall be, for the Series 1999-1 Certificates, the \"Pre-Funding Account.\" Pursuant to the authority granted to the Servicer in subsection 3.1(b) of the Agreement, the Servicer shall have the power, revocable by the Trustee, to make withdrawals and payments or to instruct the Trustee to make withdrawals and payments from the Pre-Funding Account for the purposes of carrying out the Servicer's or Trustee's duties hereunder.", "size": 13, "samples": [{"hash": "i5odxvU1z43", "uri": "/contracts/i5odxvU1z43#certificateholders", "label": "Pooling and Servicing Agreement (Greentree Floorplan Funding Corp)", "score": 18.0, "published": true}, {"hash": "b3GtyeJWAeK", "uri": "/contracts/b3GtyeJWAeK#certificateholders", "label": "Pooling and Servicing Agreement (Greentree Floorplan Funding Corp)", "score": 18.0, "published": true}], "hash": "48d50e6c281496d9481b9f80509b6f91", "id": 8}, {"snippet_links": [{"key": "at-any-time", "type": "clause", "offset": [4, 15]}, {"key": "the-institution", "type": "clause", "offset": [17, 32]}, {"key": "qualified-institution", "type": "definition", "offset": [84, 105]}, {"key": "the-trustee", "type": "clause", "offset": [107, 118]}, {"key": "the-servicer", "type": "definition", "offset": [123, 135]}, {"key": "business-days", "type": "definition", "offset": [173, 186]}, {"key": "new-cash-collateral-account", "type": "definition", "offset": [199, 226]}, {"key": "the-conditions", "type": "clause", "offset": [235, 249]}, {"key": "withdrawals-from-the-cash-collateral-account", "type": "clause", "offset": [457, 501]}, {"key": "in-this-agreement", "type": "clause", "offset": [544, 561]}, {"key": "the-loan-agreement", "type": "clause", "offset": [566, 584]}, {"key": "collateral-indebtedness-holder", "type": "definition", "offset": [702, 732]}, {"key": "the-interests", "type": "clause", "offset": [789, 802]}, {"key": "class-a-certificateholders", "type": "definition", "offset": [810, 836]}, {"key": "class-b-certificateholders", "type": "definition", "offset": [845, 871]}, {"key": "the-trust-property", "type": "clause", "offset": [997, 1015]}, {"key": "except-as-specifically", "type": "clause", "offset": [1069, 1091]}], "snippet": "If, at any time, the institution holding the Cash Collateral Account ceases to be a Qualified Institution, the Trustee (or the Servicer on its behalf) shall within five (5) Business Days establish a new Cash Collateral Account meeting the conditions specified above with a Qualified Institution and shall transfer any cash and/or any investments to such new Cash Collateral Account. The Trustee, at the direction of the Servicer, shall make deposits to and withdrawals from the Cash Collateral Account in the amounts and at the times set forth in this Agreement and the Loan Agreement. All withdrawals from the Cash Collateral Account shall be made in the priority set forth below. The interest of the Collateral Indebtedness Holder in the Cash Collateral Account shall be subordinated to the interests of the Class A Certificateholders and the Class B Certificateholders as provided herein and in the Loan Agreement. The Collateral Indebtedness Holder shall not be entitled to reimbursement from the Trust Property for any withdrawals from the Cash Collateral Account except as specifically provided in this Agreement and the Loan Agreement.", "size": 6, "samples": [{"hash": "kETKSFQTXmT", "uri": "/contracts/kETKSFQTXmT#certificateholders", "label": "Supplement to the Master Pooling and Servicing Agreement (Saks Inc)", "score": 18.0, "published": true}, {"hash": "hKKB5roK4X4", "uri": "/contracts/hKKB5roK4X4#certificateholders", "label": "Series Supplement (Proffitts Credit Corp)", "score": 18.0, "published": true}, {"hash": "eAA3QVP59sN", "uri": "/contracts/eAA3QVP59sN#certificateholders", "label": "Series Supplement to the Master Pooling and Servicing Agreement (Proffitts Credit Card Master Trust)", "score": 18.0, "published": true}], "hash": "bd2f9b11747387162c983f42d42bad78", "id": 9}, {"snippet_links": [{"key": "title-and-interest", "type": "clause", "offset": [35, 53]}, {"key": "funds-on-deposit", "type": "clause", "offset": [61, 77]}, {"key": "from-time-to-time", "type": "clause", "offset": [78, 95]}, {"key": "the-series-principal-funding-account", "type": "clause", "offset": [99, 135]}, {"key": "control-of-the", "type": "clause", "offset": [239, 253]}, {"key": "for-the-benefit-of", "type": "definition", "offset": [262, 280]}, {"key": "granted-to", "type": "definition", "offset": [327, 337]}, {"key": "pursuant-to-section", "type": "clause", "offset": [341, 360]}, {"key": "the-pooling-and-servicing-agreement", "type": "clause", "offset": [372, 407]}, {"key": "for-the-purpose-of", "type": "definition", "offset": [520, 538]}, {"key": "master-servicer-hereunder", "type": "clause", "offset": [570, 595]}, {"key": "at-all-times", "type": "clause", "offset": [617, 629]}, {"key": "accurate-records", "type": "clause", "offset": [645, 661]}, {"key": "the-paying-agent", "type": "clause", "offset": [731, 747]}, {"key": "authority-to", "type": "definition", "offset": [778, 790]}, {"key": "by-the-trustee", "type": "clause", "offset": [951, 965]}, {"key": "direction-of-the-trustee", "type": "clause", "offset": [978, 1002]}, {"key": "holder-of-the-seller-certificate", "type": "definition", "offset": [1104, 1136]}, {"key": "stated-maturity", "type": "clause", "offset": [1190, 1205]}, {"key": "prior-to-the", "type": "clause", "offset": [1225, 1237]}, {"key": "first-distribution-date", "type": "definition", "offset": [1302, 1325]}, {"key": "with-respect-to", "type": "clause", "offset": [1326, 1341]}, {"key": "accumulation-period", "type": "definition", "offset": [1346, 1365]}, {"key": "liquidation-period", "type": "clause", "offset": [1380, 1398]}, {"key": "subsequent-distribution-date", "type": "definition", "offset": [1436, 1464]}, {"key": "the-notice", "type": "clause", "offset": [1474, 1484]}, {"key": "notify-the", "type": "clause", "offset": [1560, 1570]}, {"key": "certificate-principal", "type": "definition", "offset": [1596, 1617]}, {"key": "to-be-deposited", "type": "definition", "offset": [1618, 1633]}, {"key": "in-writing", "type": "clause", "offset": [1796, 1806]}, {"key": "the-funds", "type": "clause", "offset": [1817, 1826]}, {"key": "trustee-shall", "type": "definition", "offset": [2106, 2119]}, {"key": "principal-amount-and-maturity", "type": "clause", "offset": [2188, 2217]}, {"key": "in-addition", "type": "clause", "offset": [2220, 2231]}, {"key": "written-notice", "type": "definition", "offset": [2329, 2343]}, {"key": "investment-income", "type": "clause", "offset": [2441, 2458]}, {"key": "received-by", "type": "definition", "offset": [2459, 2470]}, {"key": "upon-maturity", "type": "clause", "offset": [2526, 2539]}, {"key": "additional-permitted-investments", "type": "definition", "offset": [2557, 2589]}, {"key": "in-the-event", "type": "clause", "offset": [2591, 2603]}, {"key": "reasonable-efforts", "type": "clause", "offset": [2945, 2963]}, {"key": "represented-by", "type": "clause", "offset": [3009, 3023]}, {"key": "registered-form", "type": "clause", "offset": [3049, 3064]}, {"key": "timely-payment", "type": "clause", "offset": [3126, 3140]}, {"key": "the-united-states-of-america", "type": "clause", "offset": [3145, 3173]}, {"key": "full-faith-and-credit", "type": "definition", "offset": [3255, 3276]}, {"key": "required-notice", "type": "definition", "offset": [3353, 3368]}, {"key": "liability-for", "type": "clause", "offset": [3439, 3452]}, {"key": "failure-to-invest", "type": "clause", "offset": [3457, 3474]}], "snippet": "The Trust shall possess all right, title and interest in all funds on deposit from time to time in the Series Principal Funding Account and in all proceeds thereof. The Series Principal Funding Account shall be under the sole dominion and control of the Trustee for the benefit of the Certificateholders. Pursuant to authority granted to it pursuant to Section 3.01(b) of the Pooling and Servicing Agreement, the Master Servicer shall have the revocable power to withdraw funds from the Series Principal Funding Account for the purpose of carrying out the duties of the Master Servicer hereunder. The Master Servicer at all times shall maintain accurate records reflecting each transaction in the Series Principal Funding Account. The Paying Agent also shall have the revocable authority to make withdrawals from the Series Principal Funding Account. Funds on deposit in the Series Principal Funding Account shall be invested in Permitted Investments by the Trustee (or, at the direction of the Trustee, by the Master Servicer on behalf of the Trustee) at the direction of Discover Bank on behalf of the Holder of the Seller Certificate, as set forth below. Any Permitted Investment with a stated maturity shall mature on or prior to the following Distribution Date. On or before the occurrence of the first Distribution Date with respect to the Accumulation Period or Controlled Liquidation Period, as applicable (and on or before any subsequent Distribution Date in which the notice previously given is no longer correct or valid), the Master Servicer shall notify the Trustee of the amount of Certificate Principal to be deposited into the Series Principal Funding Account on such Distribution Date, and Discover Bank on behalf of the Holder of the Seller Certificate shall direct the Trustee in writing to invest the funds that will be on deposit in the Series Principal Funding Account on such Distribution Date (including any funds previously invested in Permitted Investments that will be available for reinvestment on such Distribution Date) in Permitted Investments. Discover Bank's notice to the Trustee shall specifically identify each such Permitted Investment (including its principal amount and maturity). In addition, Discover Bank on behalf of the Holder of the Seller Certificate shall from time to time provide written notice to the Trustee directing the Trustee to reinvest funds representing principal, interest or other investment income received by it with respect to such Permitted Investments (whether upon maturity or otherwise) in additional Permitted Investments. In the event that Discover Bank on behalf of the Holder of the Seller Certificate fails to direct the Trustee to invest or reinvest any funds that are deposited in the Series Principal Funding Account or that are received by it with respect to Permitted Investments by 2:00 p.m. on the date such funds are available for investment, the Trustee shall use reasonable efforts to invest such funds overnight in securities represented by instruments in bearer or registered form which evidence obligations issued or fully guaranteed, as to timely payment, by the United States of America or any instrumentality or agency thereof when such obligations are backed by the full faith and credit of the United States of America until such time as the Trustee receives the required notice from Discover Bank; provided, however, that the Trustee shall have no liability for the failure to invest such funds if the Trustee has employed reasonable efforts to make such investment.", "size": 5, "samples": [{"hash": "awB2iI5gpOQ", "uri": "/contracts/awB2iI5gpOQ#certificateholders", "label": "Pooling and Servicing Agreement (Discover Card Master Trust I)", "score": 18.0, "published": true}, {"hash": "ahFIf3CwKZl", "uri": "/contracts/ahFIf3CwKZl#certificateholders", "label": "Pooling and Servicing Agreement (Discover Bank)", "score": 18.0, "published": true}, {"hash": "7z7khJX8F1B", "uri": "/contracts/7z7khJX8F1B#certificateholders", "label": "Pooling and Servicing Agreement (Discover Card Master Trust I)", "score": 18.0, "published": true}], "hash": "d016f8c2d3e961aa15410d17b05f2010", "id": 10}], "next_curs": "ClsSVWoVc35sYXdpbnNpZGVyY29udHJhY3RzcjcLEhZDbGF1c2VTbmlwcGV0R3JvdXBfdjU2IhtjZXJ0aWZpY2F0ZWhvbGRlcnMjMDAwMDAwMGEMogECZW4YACAA", "clause": {"parents": [["miscellaneous", "Miscellaneous"], ["severability-of-provisions", "Severability of Provisions"], ["notice", "Notice"], ["defined-terms", "Defined Terms"], ["waivers-and-supplemental-agreements-with-consent-of-holders", "Waivers and Supplemental Agreements with Consent of Holders"]], "children": [["identification-and-addresses-of-certificateholders", "Identification and Addresses of Certificateholders"], ["acknowledgment-with-respect-to-the-manager", "Acknowledgment With Respect to the Manager"], ["certificateholders-may-not-bring-suit-except-under-certain-conditions", "Certificateholders May Not Bring Suit Except Under Certain Conditions"]], "size": 447, "title": "Certificateholders", "id": "certificateholders", "related": [["statements-to-noteholders-and-certificateholders", "Statements to Noteholders and Certificateholders", "Statements to Noteholders and <strong>Certificateholders</strong>"], ["depositor-as-certificateholder", "Depositor as Certificateholder", "Depositor as Certificateholder"], ["notification-to-noteholders-and-certificateholders", "Notification to Noteholders and Certificateholders", "Notification to Noteholders and <strong>Certificateholders</strong>"], ["holder-or-certificateholder", "Holder or Certificateholder", "Holder or Certificateholder"], ["statements-to-certificateholders-and-noteholders", "Statements to Certificateholders and Noteholders", "Statements to <strong>Certificateholders</strong> and Noteholders"]], "related_snippets": [], "updated": "2026-02-25T05:25:33+00:00", "also_ask": ["What rights and powers should certificateholders have to balance control and protection?", "How can the clause be drafted to prevent minority certificateholder abuse or deadlock?", "What are the key differences in certificateholder provisions across jurisdictions or deal types?", "What are the most common enforceability challenges for certificateholder clauses in court?", "Which negotiation points most impact certificateholder influence over major decisions?"], "drafting_tip": "Define who qualifies as a Certificateholder to avoid ambiguity; specify rights and obligations to ensure enforceability; clarify transferability to prevent disputes.", "explanation": "The 'Certificateholders' clause defines the rights, responsibilities, and status of individuals or entities that hold certificates issued under an agreement, such as trust certificates or securities. It typically outlines who qualifies as a certificateholder, how their interests are represented, and the procedures for exercising their rights, such as voting or receiving distributions. This clause ensures clarity regarding the role and powers of certificateholders, helping to prevent disputes and establish a clear framework for their participation in the agreement."}, "json": true, "cursor": ""}}