Majority Control. Except as expressly provided herein, any action that may be taken by the Certificateholders under this Trust Agreement may be taken by the Holders of Certificates evidencing not less than a majority Percentage Interest of the Certificates. Except as expressly provided herein, any written notice of the Certificateholders delivered pursuant to this Trust Agreement shall be effective if signed by Holders of Certificates evidencing not less than a majority Percentage Interest of the Certificates at the time of the delivery of such notice.
Appears in 127 contracts
Sources: Trust Agreement (GSC Capital Corp. Mortgage Trust 2006-2), Trust Agreement (Cwabs Trust 2005-Hyb9), Trust Agreement (American Home Mortgage Investment Trust 2005-4)
Majority Control. Except as expressly provided herein, any action that may be taken by the Certificateholders under this Trust Agreement may be taken by the Holders of Certificates evidencing not less than a majority Percentage Interest 51% of the Certificatesaggregate Certificate Percentage Interest. Except as expressly provided herein, any written notice of the Certificateholders delivered pursuant to this Trust Agreement shall be effective if signed by the Holders of Certificates evidencing not less than a majority 51% of the aggregate Certificate Percentage Interest of the Certificates at the time of the delivery of such notice.
Appears in 90 contracts
Sources: Trust Agreement (CarMax Auto Owner Trust 2025-4), Trust Agreement (CarMax Auto Owner Trust 2025-4), Trust Agreement (Carmax Auto Funding LLC)
Majority Control. Except as expressly provided herein, any action that may be taken by the Certificateholders under this Trust Agreement may be taken by the Holders of Trust Certificates evidencing not less than a majority Percentage Interest of the CertificatesCertificate Percentage Interests. Except as expressly provided herein, any written notice of the Certificateholders delivered pursuant to this Trust Agreement shall be effective if signed by Holders of Trust Certificates evidencing not less than a majority Percentage Interest of the Certificates Certificate Percentage Interests at the time of the delivery of such notice.
Appears in 88 contracts
Sources: Trust Agreement (Hyundai Auto Receivables Trust 2025-D), Trust Agreement (Hyundai Auto Receivables Trust 2025-D), Trust Agreement (Hyundai Auto Receivables Trust 2025-C)
Majority Control. Except as expressly provided herein, any action that may be taken by the Certificateholders Owners under this Trust Agreement may be taken by the Holders of Trust Certificates evidencing not less than a majority Percentage Interest of the Percentage Interests evidenced by the Trust Certificates. Except as expressly provided herein, any written notice of the Certificateholders Owners delivered pursuant to this Trust Agreement shall be effective if signed by Holders of Trust Certificates evidencing not less than a majority Percentage Interest of the Percentage Interests evidenced by the Trust Certificates at the time of the delivery of such notice.
Appears in 85 contracts
Sources: Trust Agreement (Honda Auto Receivables 2015-4 Owner Trust), Trust Agreement (Honda Auto Receivables 2015-4 Owner Trust), Trust Agreement (Honda Auto Receivables 2015-3 Owner Trust)
Majority Control. Except as expressly provided herein, any action that may be taken by the Certificateholders under this Trust Agreement may be taken by the Holders Certificateholders of Trust Certificates evidencing not less than in the aggregate at least a majority Percentage Interest of the CertificatesInterest. Except as expressly provided herein, any written notice of the Certificateholders delivered pursuant to this Trust Agreement shall be effective if signed by Holders Certificateholders of Trust Certificates evidencing not less than in the aggregate at least a majority Percentage Interest of the Certificates at the time of the delivery of such notice.
Appears in 84 contracts
Sources: Trust Agreement (World Omni Auto Receivables Trust 2025-D), Trust Agreement (World Omni Auto Receivables Trust 2025-D), Trust Agreement (World Omni Auto Receivables Trust 2025-C)
Majority Control. Except as expressly provided herein, any action that may be taken by the Certificateholders under this Trust Agreement may be taken by the Holders of Certificates Certificateholders evidencing not less than a majority Percentage Interest of the Percentage Interests evidenced by the Trust Certificates. Except as expressly provided herein, any written notice of the Certificateholders delivered pursuant to this Trust Agreement shall be effective if signed by Holders of Certificates Certificateholders evidencing not less than a majority Percentage Interest of the Percentage Interests evidenced by the Trust Certificates at the time of the delivery of such notice.
Appears in 76 contracts
Sources: Trust Agreement (Honda Auto Receivables 2025-4 Owner Trust), Trust Agreement (Honda Auto Receivables 2025-4 Owner Trust), Trust Agreement (Honda Auto Receivables 2025-3 Owner Trust)
Majority Control. Except as expressly provided herein, any action that may be taken by the Certificateholders under this Trust Agreement may be taken by the Holders of Certificates evidencing not less Certificateholders holding in the aggregate more than a majority Percentage Interest 50% of the Certificatesbeneficial interest in the Trust at the time of such action. Except as expressly provided herein, any written notice of the Certificateholders delivered pursuant to this Trust Agreement shall be effective if signed by Holders of Certificates evidencing not less Certificateholders holding in the aggregate more than a majority Percentage Interest 50% of the Certificates beneficial interest in the Trust at the time of the delivery of such noticeaction.
Appears in 63 contracts
Sources: Trust Agreement (CNH Equipment Trust 2025-B), Trust Agreement (CNH Capital Receivables LLC), Trust Agreement (CNH Equipment Trust 2025-A)
Majority Control. Except as expressly provided herein, any action that may be taken by the Trust Certificateholders under this Trust Agreement may be taken by the Holders of Certificates evidencing Trust Certificateholders holding not less than a majority Percentage Majority Interest of the Trust Certificates. Except as expressly provided herein, any written notice of the Trust Certificateholders delivered pursuant to this Trust Agreement shall be effective if signed by Holders of Certificates evidencing Trust Certificateholders holding not less than a majority Percentage Majority Interest of the Trust Certificates at the time of the delivery of such notice.
Appears in 53 contracts
Sources: Trust Agreement (Nissan-Infiniti Lt LLC), Trust Agreement (Nissan Auto Lease Trust 2025-A), Trust Agreement (Nissan Auto Lease Trust 2025-A)
Majority Control. Except as expressly provided herein, any action that may be taken by the Trust Certificateholders under this Trust Agreement may be taken by the Holders of Certificates evidencing Trust Certificateholders holding not less than a majority Percentage Interest of the Certificatesaggregate Certificate Percentage Interest. Except as expressly provided herein, any written notice of the Trust Certificateholders delivered pursuant to this Trust Agreement shall be effective if signed by Holders of Certificates evidencing Trust Certificateholders holding not less than a majority of the aggregate Certificate Percentage Interest of the Certificates at the time of the delivery of such notice.
Appears in 46 contracts
Sources: Trust Agreement (BMW Vehicle Lease Trust 2025-2), Trust Agreement (BMW Vehicle Lease Trust 2025-2), Trust Agreement (BMW Vehicle Lease Trust 2025-1)
Majority Control. Except as expressly provided herein, (i) any action that may be taken by the Certificateholders under this Trust Agreement may be taken by the Holders of Certificates evidencing not less than a majority Percentage Interest 51% of the Certificates. Except as expressly provided herein, aggregate Certificate Percentage Interests and (ii) any written notice of the Certificateholders delivered pursuant to this Trust Agreement shall be effective if signed by Holders of Certificates evidencing not less than a majority Percentage Interest 51% of the Certificates aggregate Certificate Percentage Interests at the time of the delivery of such notice.
Appears in 45 contracts
Sources: Trust Agreement (Mercedes-Benz Auto Lease Trust 2025-B), Trust Agreement (Mercedes-Benz Auto Lease Trust 2025-B), Trust Agreement (Mercedes-Benz Vehicle Trust)
Majority Control. Except as expressly provided herein, any action that may be taken by the Certificateholders under this Trust Agreement may be taken by the Holders of Certificates evidencing not less than a majority Percentage Interest of the CertificatesCertificate Balance. Except as expressly provided herein, any written notice of the Certificateholders delivered pursuant to this Trust Agreement shall be effective if signed by Holders of Certificates evidencing not less than a majority Percentage Interest of the Certificates Certificate Balance at the time of the delivery of such notice.
Appears in 45 contracts
Sources: Trust Agreement (Mmca Auto Receivables Inc), Trust Agreement (Key Consumer Acceptance Corp), Trust Agreement (Mmca Auto Owner Trust 2001-3)
Majority Control. Except as expressly provided herein, any action that may be taken by the Certificateholders under this Trust Agreement may be taken by the Holders of Certificates evidencing not less than a majority Percentage Interest 51% of the Certificatesaggregate Certificate Percentage Interest. Except as expressly provided herein, any written notice of the Certificateholders delivered pursuant to this Trust Agreement shall be effective if signed by the Holders of Certificates evidencing not less than a majority 51% of the aggregate Certificate Percentage Interest of the Certificates at the time of the delivery of such notice.
Appears in 39 contracts
Sources: Trust Agreement (CarMax Auto Owner Trust 2015-4), Trust Agreement (CarMax Auto Owner Trust 2015-3), Trust Agreement (CarMax Auto Owner Trust 2015-2)
Majority Control. Except as expressly provided herein, any action that may be taken by the Certificateholders Owners under this Trust Agreement may be taken by the Holders of Trust Certificates evidencing not less than a majority Percentage Interest of the CertificatesCertificate Balance. Except as expressly provided herein, any written notice of the Certificateholders Owners delivered pursuant to this Trust Agreement shall be effective if signed by Holders of Trust Certificates evidencing not less than a majority Percentage Interest of the Certificates Certificate Balance at the time of the delivery of such notice.
Appears in 35 contracts
Sources: Trust Agreement (WFS Financial Auto Loans Inc), Trust Agreement (WFS Financial Auto Loans Inc), Trust Agreement (WFS Financial Auto Loans Inc)
Majority Control. Except To the extent that there is more than one Certificateholder, except as expressly provided herein, any action that may be taken by the Certificateholders under this Trust Agreement may be taken by the Holders Certificateholders of Trust Certificates evidencing not less in the aggregate greater than a majority 50% Percentage Interest of the CertificatesInterest. Except as expressly provided herein, any written notice of the Certificateholders delivered pursuant to this Trust Agreement shall be effective if signed by Holders Certificateholders of Trust Certificates evidencing not less in the aggregate greater than a majority 50% Percentage Interest of the Certificates at the time of the delivery of such notice.
Appears in 35 contracts
Sources: Trust Agreement (World Omni LT), Trust Agreement (World Omni LT), Trust Agreement (World Omni LT)
Majority Control. Except as expressly provided herein, any action that may be taken by the Certificateholders under this Trust Agreement may be taken by the Holders of Trust Certificates evidencing not less than a majority Percentage Interest of the Certificatesaggregate Certificate Percentage Interest. Except as expressly provided herein, any written notice of the Certificateholders delivered pursuant to this Trust Agreement shall be effective if signed by Holders of Trust Certificates evidencing not less than a majority of the aggregate Certificate Percentage Interest of the Certificates at the time of the delivery of such notice.
Appears in 34 contracts
Sources: Trust Agreement (BMW Fs Securities LLC), Trust Agreement (BMW Vehicle Owner Trust 2025-A), Trust Agreement (BMW Vehicle Owner Trust 2025-A)
Majority Control. Except as expressly provided herein, any action that may be taken by the Certificateholders under this Trust Agreement may be taken by the Holders Certificateholders of Trust Certificates evidencing in the aggregate not less than a majority 50% Percentage Interest of the CertificatesInterest. Except as expressly provided herein, any written notice of the Certificateholders delivered pursuant to this Trust Agreement shall be effective if signed by Holders Certificateholders of Trust Certificates evidencing in the aggregate not less than a majority 50% Percentage Interest of the Certificates at the time of the delivery of such notice.
Appears in 33 contracts
Sources: Trust Agreement (World Omni Auto Receivables LLC), Trust Agreement (World Omni Auto Receivables LLC), Trust Agreement (World Omni Auto Receivables LLC)
Majority Control. Except as expressly provided herein, (i) any action that may be taken by the Certificateholders under this Trust Agreement may be taken by the Holders of Certificates evidencing not less than a majority 51% of the aggregate Certificate Percentage Interest of the Certificates. Except as expressly provided herein, and (ii) any written notice of the Certificateholders delivered pursuant to this Trust Agreement shall be effective if signed by Holders of Certificates evidencing not less than a majority 51% of the aggregate Certificate Percentage Interest of the Certificates at the time of the delivery of such notice.
Appears in 30 contracts
Sources: Trust Agreement, Trust Agreement (Mercedes-Benz Auto Lease Trust 2019-B), Trust Agreement (Mercedes-Benz Auto Lease Trust 2019-B)
Majority Control. Except as expressly provided herein, any action that may be taken by the Certificateholders under this Trust Agreement may be taken by the Holders Certificateholders of Certificates evidencing not less than a majority of the aggregate Certificate Percentage Interest of the CertificatesClass specified, if any. Except as expressly provided herein, any written notice of the Certificateholders of a Class delivered pursuant to this Trust Agreement shall be effective if signed by Holders the Certificateholders of Certificates evidencing not less than a majority of the aggregate Certificate Percentage Interest of the Certificates such Class at the time of the delivery of such notice.
Appears in 28 contracts
Sources: Trust Agreement (Phoenix Residential Securities, LLC), Trust Agreement (Phoenix Residential Securities, LLC), Trust Agreement (SG Mortgage Securities, LLC)
Majority Control. Except as expressly provided herein, any action that may be taken by the Certificateholders Owners under this Trust Agreement may be taken by the Holders of the Certificates evidencing not less than a majority of the Percentage Interest of Interests evidenced by the Certificates. Except as expressly provided herein, any written notice of the Certificateholders Owners delivered pursuant to this Trust Agreement shall be effective if signed by the Holders of the Certificates evidencing not less than a majority of the Percentage Interest of Interests evidenced by the Certificates at the time of the delivery of such notice.
Appears in 27 contracts
Sources: Trust Agreement (DaimlerChrysler Auto Trust 2006-D), Trust Agreement (Daimlerchrysler Services North America LLC), Trust Agreement (Daimlerchrysler Auto Trust 2001 B)
Majority Control. Except as expressly provided herein, any action that may be taken by the Certificateholders under this Trust Agreement may be taken by the Holders Certificateholders of Certificates evidencing not less than a majority Percentage Interest of the CertificatesAggregate Certificate Balance. Except as expressly provided herein, any written notice of the Certificateholders delivered pursuant to this Trust Agreement shall be effective if signed by Holders Certificateholders of Certificates evidencing not less than a majority Percentage Interest of the Certificates Aggregate Certificate Balance at the time of the delivery of such notice.
Appears in 27 contracts
Sources: Trust Agreement (Ford Credit Auto Receivables Two L P), Trust Agreement (Ford Credit Auto Receivables Two L P), Trust Agreement (Ford Credit Auto Receivables Two LLC)
Majority Control. Except as expressly provided herein, any action that may be taken by the Certificateholders under this Trust Agreement may be taken by the Holders of Trust Certificates evidencing not less than a majority Percentage Interest of the CertificatesCertificate Balance. Except as expressly provided herein, any written notice of the Certificateholders delivered pursuant to this Trust Agreement shall be effective if signed by Holders of Trust Certificates evidencing not less than a majority Percentage Interest of the Certificates Certificate Balance at the time of the delivery of such notice.
Appears in 26 contracts
Sources: Trust Agreement (CNH Capital Receivables Inc), Trust Agreement (CNH Capital Receivables Inc), Trust Agreement (CNH Equipment Trust 2005-A)
Majority Control. Except as expressly provided herein, any action that may be taken by the Certificateholders under this Trust Agreement may be taken by the Holders of Certificates Certificateholders evidencing not less than a majority Percentage Interest of the outstanding Security Balance of the Certificates. Except as expressly provided herein, any written notice of the Certificateholders delivered pursuant to this Trust Agreement shall be effective if signed by Holders of Certificates Certificateholders evidencing not less than a majority Percentage Interest of the outstanding Security Balance of the Certificates at the time of the delivery of such notice.
Appears in 23 contracts
Sources: Trust Agreement (Home Equity Loan Trust 2006-Hsa3), Trust Agreement (RFMSII Series 2006-Hsa2 Trust), Trust Agreement (Home Equity Loan Trust 2007-Hsa1)
Majority Control. Except as expressly provided herein, any action that may be taken by the Certificateholders under this Trust Agreement may be taken by the Holders of Certificates evidencing not less than a majority Percentage Interest of the CertificatesCertificate Balance. Except as expressly provided herein, any written notice of the Certificateholders delivered pursuant to this Trust Agreement shall be effective if signed by the Holders of Certificates evidencing not less than a majority Percentage Interest of the Certificates Certificate Balance at the time of the delivery of such notice.
Appears in 22 contracts
Sources: Trust Agreement (JPMorgan Chase Bank, National Association), Trust Agreement (Chase Auto Owner Trust 2005-B), Trust Agreement (Chase Auto Owner Trust 2005-A)
Majority Control. Except as expressly provided herein, any action that may be taken by the Certificateholders under this Trust Agreement may be taken by the Holders of Certificates evidencing not less than a majority Percentage Interest of the outstanding Principal Balance of the Certificates. Except as expressly provided herein, any written notice of the Certificateholders delivered pursuant to this Trust Agreement shall be effective if signed by Holders of Certificates evidencing not less than a majority Percentage Interest of the outstanding Principal Balance of the Certificates at the time of the delivery of such notice.
Appears in 19 contracts
Sources: Trust Agreement (Long Beach Securities Corp), Trust Agreement (New Century Mortgage Securities Inc), Trust Agreement (National City Mortgage Capital LLC)
Majority Control. Except as expressly provided herein, any action that may be taken by the Certificateholders under this Trust Agreement may be taken by the Holders of Certificates evidencing not less than a majority Percentage Interest of the outstanding Principal Balance of the Certificates. Except as expressly provided herein, any written notice of the Certificateholders delivered pursuant to this Trust Agreement shall be effective if signed by Holders holders of Certificates evidencing not less than a majority Percentage Interest of the outstanding Principal Balance of the Certificates at the time of the delivery of such notice.
Appears in 18 contracts
Sources: Trust Agreement (Opteum Mortgage Acceptance CORP), Trust Agreement (Shellpoint Mortgage Acceptance LLC), Trust Agreement (Credit Suisse First Boston Mortgage Securities Corp)
Majority Control. Except as expressly provided herein, any action that may be taken by the Certificateholders under this Trust Agreement may be taken by the Holders of Certificates Certificateholders evidencing not less than a majority of the outstanding Certificate Percentage Interest of the Certificates. Except as expressly provided herein, any written notice of the Certificateholders delivered pursuant to this Trust Agreement shall be effective if signed by Holders of Certificates Certificateholders evidencing not less than a majority of the outstanding Certificate Percentage Interest of the Certificates at the time of the delivery of such notice.
Appears in 18 contracts
Sources: Trust Agreement (Home Loan Trust 2006-Hi5), Trust Agreement (Home Loan Trust 2006-Hi3), Trust Agreement (Home Loan Trust 2006-Hi1)
Majority Control. Except as expressly provided herein, any action that may be taken by the Certificateholders under this Trust Agreement may be taken by the Holders of Certificates evidencing Certificateholders holding not less than a majority Percentage Interest of the CertificatesCertificate Balance. Except as expressly provided herein, any written notice of the Certificateholders delivered pursuant to this Trust Agreement shall be effective if signed by Holders holders of Certificates evidencing not less than a majority Percentage Interest of the Certificates Certificate Balance at the time of the delivery of such notice.
Appears in 16 contracts
Sources: Trust Agreement (Usaa Federal Savings Bank), Trust Agreement (Usaa Acceptance LLC Auto Owner Trust 2002-1), Trust Agreement (Bear Stearns Asset Backed Funding Inc)
Majority Control. Except as expressly provided herein, any action that may be taken by the Certificateholders Owners under this Trust Agreement may be taken by the Holders of Trust Certificates evidencing not less than a majority Percentage Interest of the Certificatesaggregate Certificate Percentage Interest. Except as expressly provided herein, any written notice of the Certificateholders Owners delivered pursuant to this Trust Agreement shall be effective if signed by Holders of Trust Certificates evidencing not less than a majority of the aggregate Certificate Percentage Interest of the Certificates at the time of the delivery of such notice.
Appears in 16 contracts
Sources: Trust Agreement (WFS Receivables Corp 3), Trust Agreement (WFS Financial 2005-2 Owner Trust), Trust Agreement (WFS Receivables Corp 4)
Majority Control. Except as expressly provided herein, any action that may be taken by the Certificateholders under this Trust Agreement may be taken by the Holders holders of Certificates evidencing not less more than a majority 50% of the Percentage Interest of in the CertificatesTrust and such action shall be binding upon all Certificateholders. Except as expressly provided herein, any written notice of the Certificateholders delivered pursuant to this Trust Agreement shall be effective if signed by Holders holders of Certificates evidencing not less more than a majority 50% of the Percentage Interest of in the Certificates Trust at the time of the delivery of such noticenotice and such action shall be binding upon all Certificateholders.
Appears in 14 contracts
Sources: Trust Agreement (Accredited Mortgage Loan Trust 2004-3), Trust Agreement (Accredited Mortgage Loan Trust 2004-4), Trust Agreement (Accredited Home Lenders Inc Mortgage Loan Trust 2004-1)
Majority Control. Except as expressly otherwise specifically provided herein, any action that may be taken by the Certificateholders under this Trust Agreement may be taken by the Holders of Trust Certificates evidencing not less than a majority Percentage Interest of the CertificatesPercentage Interests. Except as expressly otherwise specifically provided herein, any written notice of the Certificateholders delivered pursuant to this Trust Agreement shall be effective if signed by Holders of Certificates evidencing not less than a majority Percentage Interest of the Certificates Percentage Interests at the time of the delivery of such notice.
Appears in 13 contracts
Sources: Trust Agreement (Franklin Auto Trust 2003-2), Trust Agreement (Franklin Auto Trust 2007-1), Trust Agreement (Franklin Receivables Auto Trust 2003-1)
Majority Control. Except as expressly provided herein, (i) any action that may be taken by the Certificateholders under this Trust Agreement may be taken by the Holders of Certificates evidencing Certificateholders holding not less than a majority Percentage Interest of the Certificates. Except as expressly provided herein, Percentage Interests and (ii) any written notice of the Certificateholders delivered pursuant to this Trust Agreement shall be effective only if signed by Holders of Certificates evidencing Certificateholders holding not less than a majority Percentage Interest of the Certificates Percentage Interests at the time of the delivery of such notice.
Appears in 12 contracts
Sources: Trust Agreement, Trust Agreement (California Republic Funding LLC), Trust Agreement (California Republic Auto Receivables Trust 2018-1)
Majority Control. Except as expressly provided herein, any action that may be taken by the Certificateholders under this Trust Agreement may be taken by the Holders Certificateholders of Certificates evidencing not less than a majority Percentage Interest of the Certificatesaggregate Certificate Percentage Interest. Except as expressly provided herein, any written notice of the Certificateholders delivered pursuant to this Trust Agreement shall be effective if signed by Holders the Certificateholders of Certificates evidencing not less than a majority of the aggregate Certificate Percentage Interest of the Certificates at the time of the delivery of such notice.
Appears in 12 contracts
Sources: Trust Agreement (GMACM Home Loan Trust 2006-Hltv1), Trust Agreement (Residential Asset Mortgage Products Inc), Trust Agreement (Residential Asset Mortgage Products Inc)
Majority Control. Except as expressly provided herein, any action that may be taken by the Certificateholders under this Trust Agreement may be taken by the Holders holders of Certificates evidencing not less more than a majority 50% of the Percentage Interest of in the CertificatesIssuing Entity and such action shall be binding upon all Certificateholders. Except as expressly provided herein, any written notice of the Certificateholders delivered pursuant to this Trust Agreement shall be effective if signed by Holders holders of Certificates evidencing not less more than a majority 50% of the Percentage Interest of in the Certificates Issuing Entity at the time of the delivery of such noticenotice and such action shall be binding upon all Certificateholders.
Appears in 12 contracts
Sources: Trust Agreement (NovaStar Certificates Financing CORP), Trust Agreement (Accredited Mortgage Loan REIT Trust), Trust Agreement (NovaStar Certificates Financing LLC)
Majority Control. Except as expressly provided herein, any action that may be taken by the Certificateholders under this Trust Agreement may be taken by the Holders of Certificates Certificateholders evidencing not less than a majority Percentage Interest 51% of the Certificatesaggregate Certificate Percentage Interest. Except as expressly provided herein, any written notice of the Certificateholders delivered pursuant to this Trust Agreement shall be effective if signed by Holders of Certificates Certificateholders evidencing not less than a majority 51% of the aggregate Certificate Percentage Interest of the Certificates at the time of the delivery of such notice.
Appears in 11 contracts
Sources: Trust Agreement (Wachovia Auto Loan Owner Trust 2007-1), Trust Agreement (WDS Receivables LLC), Trust Agreement (Wachovia Auto Owner Trust 2008-A)
Majority Control. Except as expressly provided herein, any action that may be taken by the Certificateholders under this Trust Agreement may be taken by the Holders Certificateholders of Trust Certificates evidencing not less than a majority Percentage Interest of the CertificatesPercentage Interests. Except as expressly provided herein, any written notice of the Certificateholders delivered pursuant to this Trust Agreement shall be effective if signed by Holders Certificateholders of the Trust Certificates evidencing not less than a majority Percentage Interest of the Certificates aggregate Percentage Interests at the time of the delivery of such notice.
Appears in 11 contracts
Sources: Trust Agreement (Collegiate Funding Services Education Loan Trust 2005-A), Trust Agreement (Collegiate Funding Services Education Loan Trust 2003-A), Trust Agreement (College Loan Corp Trust II)
Majority Control. Except as expressly provided herein, any action that may be taken by the Certificateholders Owners under this Trust Agreement may be taken by the Holders of Trust Certificates evidencing not less than a majority Percentage Interest of the CertificatesCertificate Balance. Except as expressly provided herein, any written notice of to the Certificateholders Owners delivered pursuant to this Trust Agreement shall be effective if signed by Holders of Trust Certificates evidencing not less than a majority Percentage Interest of the Certificates Certificate Balance at the time of the delivery of such notice.
Appears in 11 contracts
Sources: Trust Agreement (Goldman Sachs Asset Backed Securities Corp), Trust Agreement (Bond Securitization LLC), Trust Agreement (Bond Securitization LLC)
Majority Control. Except as expressly provided herein, any action that may be taken by the Certificateholders under this Trust Agreement may be taken by the Holders of Certificates evidencing not less more than a majority 50% of the Percentage Interest of in the CertificatesTrust Interest and such action shall be binding upon all Certificateholders. Except as expressly provided herein, any written notice of the Certificateholders delivered pursuant to this Trust Agreement shall be effective if signed by Holders of Certificates evidencing not less more than a majority 50% of the Percentage Interest of in the Certificates Trust Interest at the time of the delivery of such noticenotice and such action shall be binding upon all Certificateholders.
Appears in 10 contracts
Sources: Deposit Trust Agreement (Residential Resources Inc), Deposit Trust Agreement (Fund America Investors Corp Ii), Deposit Trust Agreement (Ocwen Mortgage Loan Trust Ass Back Notes Ser 1998-Oac1/)
Majority Control. Except as expressly provided herein, any action that may be taken by the Certificateholders under this Trust Agreement may be taken by the Holders Certificateholders of Trust Certificates evidencing not less than a majority Percentage Interest of the CertificatesPercentage Interests. Except as expressly provided herein, any written notice of the Certificateholders delivered pursuant to this Trust Agreement shall be effective if signed by Holders Certificateholders of the Trust Certificates evidencing not less than a majority Percentage Interest of the Certificates aggregate Percentage Interests at the time of the delivery of such notice.
Appears in 10 contracts
Sources: Trust Agreement (Goal Capital Funding, LLC), Trust Agreement (Higher Education Funding I), Trust Agreement (Higher Education Funding I)
Majority Control. Except as expressly provided herein, any action that may be taken by the Certificateholders under this Trust Agreement may be taken by the Holders of Trust Certificates evidencing not less than a majority of the Percentage Interest of Interests in the Certificates. Except as expressly provided herein, any written notice of the Certificateholders delivered pursuant to this Trust Agreement shall be effective if signed by Holders of Trust Certificates evidencing not less than a majority of the Percentage Interest of Interests in the Certificates at the time of the delivery of such notice.
Appears in 10 contracts
Sources: Trust Agreement (SSB Vehicle Securities Inc SSB Auto Loan Trust 2002-1), Trust Agreement (Regions Acceptance LLC Regions Auto Receivables Tr 2003-2), Trust Agreement (Regions Auto Receivables Trust 2003-1)
Majority Control. Except as expressly provided herein, any action that may be taken by the Certificateholders Holders of the Trust Certificates under this Trust Agreement may be taken by the Holders of Trust Certificates evidencing not less than a majority Percentage Interest of the outstanding Percentage Interests of the Trust Certificates. Except as expressly provided herein, any written notice of the Certificateholders Holders of the Trust Certificates delivered pursuant to this Trust Agreement shall be effective if signed by Holders of Trust Certificates evidencing not less than a majority Percentage Interest of the outstanding Percentage Interests of the Trust Certificates at the time of the delivery of such notice.
Appears in 9 contracts
Sources: Trust Agreement (Saxon Asset Securities Trust 2005-1), Trust Agreement (Sast 2006-3), Trust Agreement (Saxon Asset Securities Trust 2006-1)
Majority Control. Except as expressly provided herein, any action that may be taken by the Trust Certificateholders under this Trust Agreement may be taken by the Holders of Certificates evidencing Trust Certificateholders holding not less than a majority Percentage Majority Interest of the Trust Certificates. Except as expressly provided herein, any written notice of the Trust Certificateholders delivered pursuant to this Trust Agreement shall be effective if signed by Holders of Certificates evidencing Trust Certificateholders holding not less than a majority Percentage Majority Interest of the Certificates at the time of the delivery of such notice.
Appears in 9 contracts
Sources: Trust Agreement (Nissan Auto Leasing LLC Ii), Trust Agreement (Nissan Auto Lease Trust 2004-A), Trust Agreement (Nissan Auto Lease Trust 2003-A)
Majority Control. Except as expressly provided herein, any action that may be taken by the Certificateholders under this Trust Agreement may be taken by the Holders Certificateholders of Trust Certificates evidencing not less than a majority Percentage Interest of the CertificatesCertificate Balance. Except as expressly provided herein, any written notice of the Certificateholders delivered pursuant to this Trust Agreement shall be effective if signed by Holders Certificateholders of Trust Certificates evidencing not less than a majority Percentage Interest of the Certificates Certificate Balance at the time of the delivery of such notice.
Appears in 9 contracts
Sources: Trust Agreement (SLM Funding Corp), Trust Agreement (SLM Funding Corp), Trust Agreement (SLM Funding Corp)
Majority Control. Except as expressly provided herein, any action that may be taken by the Certificateholders under this Trust Agreement may be taken by the Holders Certificateholders of Certificates evidencing not less than a majority of the aggregate Certificate Percentage Interest of the Certificates. Except as expressly provided herein, any written notice of the Certificateholders delivered pursuant to this Trust Agreement shall be effective if signed by Holders of Certificates the Certificateholders evidencing not less than a majority of the aggregate Certificate Percentage Interest of the Certificates at the time of the delivery of such notice.
Appears in 8 contracts
Sources: Trust Agreement (Wachovia Mortgage Loan Trust, LLC), Trust Agreement (Wachovia Asset Securitization Inc 2002 He2 Trust), Trust Agreement (Wachovia Asset Securitization Inc 2002 He2 Trust)
Majority Control. Except as expressly provided herein, any action that may be taken by the Certificateholders under this Trust Agreement may be taken by the Holders of Trust Certificates evidencing not less than a majority Percentage Interest of the CertificatesCertificate Balance. Except as expressly provided herein, any written notice of the Certificateholders delivered pursuant to this Trust Agreement shall be effective if signed by Holders of Certificates evidencing not less than a majority Percentage Interest of the Certificates Certificate Balance at the time of the delivery of such notice.
Appears in 8 contracts
Sources: Trust Agreement (Gs Mortgage Securities Corp), Trust Agreement (Gs Mortgage Securities Corp), Trust Agreement (Gs Mortgage Securities Corp)
Majority Control. Except as expressly provided herein, any action that may be taken by the Certificateholders under this Trust Agreement may be taken by the Holders of Certificates evidencing Certificateholders holding not less than a majority of the Percentage Interest of Interests evidenced by the Certificates. Except as expressly provided herein, any written notice of the Certificateholders delivered pursuant to this Trust Agreement shall be effective if signed by Holders holders of Certificates evidencing not less than a majority of the Percentage Interest of Interests evidenced by the Certificates at the time of the delivery of such notice.
Appears in 8 contracts
Sources: Trust Agreement (USAA Auto Owner Trust 2007-2), Trust Agreement (USAA Auto Owner Trust 2008-1), Trust Agreement (Usaa Acceptance LLC)
Majority Control. Except as expressly provided herein, any action that may be taken by the Certificateholders under this Trust Agreement may be taken by the Holders of Certificates evidencing not less than a majority of the outstanding Certificate Percentage Interest Interests of the Certificates. Except as expressly provided herein, any written notice of the Certificateholders delivered pursuant to this Trust Agreement shall be effective if signed by Holders of Certificates evidencing not less than a majority Percentage Interest of the outstanding Certificate Principal Balance of the Certificates at the time of the delivery of such notice.
Appears in 8 contracts
Sources: Trust Agreement (Impac Secured Assets CMN Trust Series 1998-1), Trust Agreement (Pacificamerica Money Center Inc), Trust Agreement (Imh Assets Corp)
Majority Control. Except as expressly provided herein, any action that may be maybe taken by the Certificateholders under this Trust Agreement may be taken by the Holders of Certificates Certificateholders evidencing not less than a majority of the outstanding Certificate Percentage Interest of the Certificates. Except as expressly provided herein, any written notice of the Certificateholders delivered pursuant to this Trust Agreement shall be effective if signed by Holders of Certificates Certificateholders evidencing not less than a majority of the outstanding Certificate Percentage Interest of the Certificates at the time of the delivery of such notice.
Appears in 8 contracts
Sources: Trust Agreement (Residential Funding Mortgage Securities Ii Inc), Trust Agreement (Home Loan Trust 2004-Hi2), Trust Agreement (Rfmsii 2005-Hi1)
Majority Control. Except as expressly provided herein, any action that may be taken by the Certificateholders under this Trust Agreement may be taken by the Holders of Certificates evidencing not less than a majority Percentage Interest of the CertificatesCertificates with the consent of the Note Insurer as required. Except as expressly provided herein, any written notice of the Certificateholders delivered pursuant to this Trust Agreement shall be effective if signed by Holders of Certificates evidencing not less than a majority Percentage Interest of the Certificates at the time of the delivery of such notice.
Appears in 7 contracts
Sources: Trust Agreement (SACO I Trust 2006-8), Trust Agreement (SACO I Trust 2006-1), Trust Agreement (Greenpoint Mortgage Funding Trust 2007-He1)
Majority Control. Except as expressly provided herein, any action that may be taken by the Certificateholders under this Trust Agreement may be taken by the Holders of Certificates evidencing Certificateholders holding not less than a majority Percentage Interest of the CertificatesPercentage Interests. Except as expressly provided herein, any written notice of the Certificateholders delivered pursuant to this Trust Agreement shall be effective if signed by Holders of Certificates evidencing Certificateholders holding not less than a majority Percentage Interest of the Certificates Percentage Interests at the time of the delivery of such notice.
Appears in 7 contracts
Sources: Trust Agreement (California Republic Funding LLC), Trust Agreement (California Republic Funding LLC), Trust Agreement (California Republic Funding LLC)
Majority Control. Except as expressly provided herein, any action that may be taken by the Certificateholders under this Trust Agreement may be taken by the Holders Certificateholders of Certificates evidencing not less than a majority of the aggregate Certificate Percentage Interest of the CertificatesClass specified, if any. Except as expressly provided herein, any written notice of the Certificateholders delivered pursuant to this Trust Agreement shall be effective if signed by Holders the Certificateholders of Certificates evidencing not less than a majority of the aggregate Certificate Percentage Interest of the Certificates such Class at the time of the delivery of such notice.
Appears in 7 contracts
Sources: Trust Agreement (Residential Asset Mortgage Products Inc), Trust Agreement (Residential Asset Mortgage Prod Inc Gmacm Mor Ln Tr 2003-Gh1), Trust Agreement (Gmacm Home Equity Loan Trust 2005-He2)
Majority Control. Except as expressly provided herein, any action that may be taken by the Certificateholders under this Trust Agreement Owners of the Certificates may be taken by the Holders Owners of Certificates evidencing not less than a majority of the Percentage Interest of Interests evidenced by the Certificates. Except as expressly provided herein, any written notice of the Certificateholders Owners delivered pursuant to this Trust Agreement shall be effective if signed by Holders the Owners of the Certificates evidencing not less than a majority of the Percentage Interest of Interests evidenced by the Certificates at the time of the delivery of such notice.
Appears in 7 contracts
Sources: Trust Agreement (Chrysler Financial Auto Securitization Trust 2010-A), Trust Agreement (Daimlerchrysler Auto Trust 2008-B), Trust Agreement (Chrysler Financial Auto Securitization Trust 2009-A)
Majority Control. Except as expressly provided hereinherein or in any supplement to this Trust Agreement, any action or direction that may be taken or given by the Certificateholders under this Trust Agreement may not be taken or given unless agreed to or directed by the Holders of Certificates evidencing not less than a majority Percentage Interest of the CertificatesMajority Certificateholders. Except as expressly provided hereinherein or in any supplement to this Trust Agreement, any written notice of the Certificateholders delivered pursuant to this Trust Agreement shall be effective if signed by Holders of Certificates evidencing not less than a majority Percentage Interest of the Certificates Majority Certificateholders at the time of the delivery of such notice.
Appears in 7 contracts
Sources: Trust Agreement (Hercules Capital, Inc.), Trust Agreement (Horizon Technology Finance Corp), Trust Agreement (Hercules Capital, Inc.)
Majority Control. Except as expressly provided herein, any action that may be taken by the Certificateholders under this Trust Agreement may be taken by the Holders of Certificates evidencing not less than a majority Percentage Interest of the CertificatesMajority Certificateholder. Except as expressly provided herein, any written notice of the Certificateholders delivered pursuant to this Trust Agreement shall be effective if signed by Holders of Certificates evidencing not less than a majority Percentage Interest of the Certificates at the time of the delivery of such notice.
Appears in 7 contracts
Sources: Trust Agreement (Bear Stearns Arm Trust, Mortgage-Backed Notes, Series 2005-5), Trust Agreement (Bear Stearns Arm Trust, Mortgage-Backed Notes, Series 2005-5), Trust Agreement (Luminent Mortgage Trust 2005-1)
Majority Control. Except as expressly provided herein, any action that may be taken by the Trust Certificateholders under this Trust Agreement may be taken by the Holders of Certificates evidencing Trust Certificateholders holding not less than a majority Percentage Interest of the Certificatesaggregate Certificate Percentage Interest. Except as expressly provided herein, any written notice of the Trust Certificateholders delivered pursuant to this Trust Agreement shall be effective if signed by Holders of Certificates evidencing Trust Certificateholders holding not less than a majority of the aggregate Certificate Percentage Interest of the Certificates at the time of the delivery of such notice.. ARTICLE FIVE APPLICATION OF TRUST FUNDS; CERTAIN DUTIES
Appears in 5 contracts
Sources: Trust Agreement (BMW Vehicle Lease Trust 2021-2), Trust Agreement (BMW Vehicle Lease Trust 2019-1), Trust Agreement (BMW Vehicle Lease Trust 2019-1)
Majority Control. Except as expressly provided herein, any action that may be taken by the Certificateholders under this Trust Agreement may be taken by the Holders of Certificates evidencing not less than a majority of the Percentage Interest of Interests in the Certificates. Except as expressly provided herein, any written notice of the Certificateholders delivered pursuant to this Trust Agreement shall be effective if signed by Holders of Certificates evidencing not less than a majority of the Percentage Interest of Interests in the Certificates at the time of the delivery of such notice.
Appears in 5 contracts
Sources: Trust Agreement (GS Auto Loan Trust 2005-1), Trust Agreement (Gs Auto Loan Trust 2004-1), Trust Agreement (GS Auto Loan Trust 2006-1)
Majority Control. Except as expressly provided herein, any action that may be taken by the Certificateholders under this Trust Agreement may be taken by the Holders of Trust Certificates evidencing not less than a majority Percentage Interest of the outstanding Percentage Interests of the Trust Certificates. Except as expressly provided herein, any written notice of the Certificateholders delivered pursuant to this Trust Agreement shall be effective if signed by Holders of Trust Certificates evidencing not less than a majority Percentage Interest of the outstanding Percentage Interests of the Trust Certificates at the time of the delivery of such notice.
Appears in 4 contracts
Sources: Trust Agreement (Structured Asset Sec Corp Thornburg Mort Sec Trust 2003 6), Trust Agreement (Greenwich Capital Acceptance, Inc New York Mortgage Trust 2005-1), Trust Agreement (Greenwich Capital Acceptance Thornburg Sec Tr 2003-4)
Majority Control. Except as expressly provided herein, any action that may be taken by the Certificateholders under this Trust Agreement may be taken by the Holders of Certificates evidencing Certificateholders holding not less than a majority Percentage Interest of the CertificatesCertificate Percentage Interest. Except as expressly provided herein, any written notice of the Certificateholders delivered pursuant to this Trust Agreement shall be effective if signed by Holders holders of Certificates evidencing not less than a majority of the Certificate Percentage Interest of the Certificates at the time of the delivery of such notice.
Appears in 4 contracts
Sources: Trust Agreement (Bear Stearns Asset Backed Fund Inc Whole Auto Loan Tr 2002-1), Trust Agreement (Bear Stearns Asset Backed Whole Auto Loan Trust 2003-1), Trust Agreement (Bear Stearns Asset Backed Funding Ii Inc)
Majority Control. Except as expressly provided herein, any action that may be taken by the Certificateholders under this Trust Agreement may be taken by the Holders of Certificates evidencing not less than a majority Percentage Interest 51% of the CertificatesCertificate Balance. Except as expressly provided herein, any written notice of the Certificateholders delivered pursuant to this Trust Agreement shall be effective if signed by Holders of Certificates evidencing not less than a majority Percentage Interest 51% of the Certificates Certificate Balance at the time of the delivery of such notice.
Appears in 4 contracts
Sources: Trust Agreement (Pooled Auto Securities Shelf LLC), Trust Agreement (Pooled Auto Securities Shelf LLC), Trust Agreement (Carmax Auto Receivables LLC)
Majority Control. Except as expressly provided herein, any action that may be taken by the Certificateholders under this Trust Agreement may be taken by the Holders of Certificates evidencing not less than a majority of the Percentage Interest of Interests in the Certificates. Except as expressly provided herein, any written notice of the Certificateholders delivered pursuant to this Trust Agreement shall be effective if signed by Holders of Certificates evidencing not less than a majority of the Percentage Interest of Interests in the Certificates at the time of the delivery of such notice.
Appears in 4 contracts
Sources: Trust Agreement (Afc Mortgage Loan Asset Backed Notes Series 2000-1), Trust Agreement (Superior Bank FSB Afc Mort Ln Asset Backed Notes Ser 2000 2), Trust Agreement (Superior Bank FSB)
Majority Control. Except as expressly provided herein, any action that may be taken by the Certificateholders under this Trust Agreement may be taken by the Holders of Ownership Certificates evidencing not less than a majority Percentage Interest of the outstanding Percentage Interests of the Ownership Certificates. Except as expressly provided herein, any written notice of the Certificateholders delivered pursuant to this Trust Agreement shall be effective if signed by Holders of Ownership Certificates evidencing not less than a majority Percentage Interest of the outstanding Percentage Interests of the Ownership Certificates at the time of the delivery of such notice.
Appears in 4 contracts
Sources: Trust Agreement (Thornburg Mortgage Securities Trust 2007-1), Trust Agreement (Thornburg Mortgage Securities Corp), Trust Agreement (Thornburg Mortgage Securities Trust 2007-2)
Majority Control. Except as expressly provided herein, any action that may be taken by the Certificateholders under this Trust Agreement may be taken by the Holders of Certificates Certificateholders evidencing not less than a majority Percentage Interest of the CertificatesCertificate Percentage Interests. Except as expressly provided herein, any written notice of the Certificateholders delivered pursuant to this Trust Agreement shall be effective if signed by Holders of Trust Certificates evidencing not less than a majority Percentage Interest of the Certificates Certificate Percentage Interests at the time of the delivery of such notice.
Appears in 3 contracts
Sources: Trust Agreement (Ml Asset Backed Corp), Trust Agreement (Merrill Auto Trust Securitization 2007-1), Trust Agreement (Merrill Auto Trust Securitization 2005-1)
Majority Control. Except as expressly provided hereinherein or in any supplement to this Trust Agreement, any action or direction that may be taken or given by the Certificateholders under this Trust Agreement may not be taken or given unless agreed to by the Holders of Certificates evidencing not less than a majority Percentage Interest of the Certificatesaggregate Percentage Interest. Except as expressly provided hereinherein or in any supplement to this Trust Agreement, any written notice of the Certificateholders delivered pursuant to this Trust Agreement shall be effective if signed by Holders of Certificateholders holding Certificates evidencing not less than a majority of the aggregate Percentage Interest of the Certificates at the time of the delivery of such notice.
Appears in 3 contracts
Sources: Trust Agreement (Ares Capital Corp), Trust Agreement (MCG Capital Corp), Trust Agreement (MCG Capital Corp)
Majority Control. Except as expressly provided herein, any action that may be taken by the Certificateholders under this Trust Agreement may be taken by the Holders of Certificates Certificateholders evidencing not less than a majority Percentage Interest of the outstanding Security Balance of such Certificates. Except as expressly provided herein, any written notice of the Certificateholders delivered pursuant to this Trust Agreement shall be effective if signed by Holders of Certificates Certificateholders evidencing not less than a majority Percentage Interest of the outstanding Security Balance of such Certificates at the time of the delivery of such notice.
Appears in 3 contracts
Sources: Trust Agreement (MSCC HELOC Trust 2007-1), Trust Agreement (Morgan Stanley ABS Capital I Inc. MSDWCC HELOC Trust 2005-1), Trust Agreement (Morgan Stanley Abs Capital I Inc)
Majority Control. Except as expressly otherwise specifically provided herein, any action that may be taken by the Certificateholders under this Trust Agreement may be taken by the Holders of Trust Certificates evidencing not less than a majority Percentage Interest of the CertificatesPercentage Interest. Except as expressly otherwise specifically provided herein, any written notice of the Certificateholders delivered pursuant to this Trust Agreement shall be effective if signed by Holders of Certificates evidencing not less than a majority of the Percentage Interest of the Certificates at the time of the delivery of such notice.
Appears in 3 contracts
Sources: Trust Agreement (Ace Securities Corp), Trust Agreement (Barnett Auto Receivables Corp), Trust Agreement (FCC Receivables Corp)
Majority Control. Except To the extent that there is more than one Certificateholder, except as expressly provided herein, any action that may be taken by the Certificateholders under this Trust Agreement may be taken by the Holders Certificateholders of Trust Certificates evidencing in the aggregate not less than a majority 50.1% Percentage Interest of the CertificatesInterest. Except as expressly provided herein, any written notice of the Certificateholders delivered pursuant to this Trust Agreement shall be effective if signed by Holders Certificateholders of Trust Certificates evidencing in the aggregate not less than a majority 50.1% Percentage Interest of the Certificates at the time of the delivery of such notice.
Appears in 3 contracts
Sources: Trust Agreement (World Omni Auto Leasing LLC), Trust Agreement (World Omni Automobile Lease Securitization Trust 2011-A), Trust Agreement (World Omni Automobile Lease Securitization Trust 2009-A)
Majority Control. Except as expressly provided herein, any action that may be taken by the Certificateholders under this Trust Agreement may be taken by the Holders of Certificates evidencing not less than a majority Percentage Interest of the CertificatesMajority Certificateholder. Except as expressly provided herein, any written notice or instruction of the Certificateholders delivered pursuant to this Trust Agreement shall be effective if signed by Holders of Certificates evidencing not less than a majority Percentage Interest of the Certificates at the time of the delivery of such notice.
Appears in 3 contracts
Sources: Trust Agreement, Trust Agreement (Citigroup Mortgage Loan Trust 2005-11), Trust Agreement (Citigroup Mortgage Loan Trust 2005-6)
Majority Control. Except as expressly provided herein, any action that may be taken by the Certificateholders Owners under this Trust Agreement may be taken by the Holders Holder of Trust Certificates evidencing not less than a majority Percentage Interest of the CertificatesCertificate Balance. Except as expressly provided herein, any written notice of the Certificateholders Owners delivered pursuant to this Trust Agreement shall be effective if signed by Holders Holder of Trust Certificates evidencing not less than a majority Percentage Interest of the Certificates Certificate Balance at the time of the delivery of such notice.
Appears in 3 contracts
Sources: Trust Agreement (Harley Davidson Customer Funding Corp), Trust Agreement (Eaglemark Inc), Trust Agreement (Eaglemark Inc)
Majority Control. Except as expressly provided herein, any action that may be taken by the Certificateholders under this Trust Agreement may be taken by the Holders of Certificates evidencing not less than a majority Percentage Interest of the Voting Rights of the Certificates. Except as expressly provided herein, any written notice of the Certificateholders delivered pursuant to this Trust Agreement shall be effective if signed by Holders of Certificates evidencing not less than a majority Percentage Interest of the Voting Rights of the Certificates at the time of the delivery of such notice.
Appears in 3 contracts
Sources: Trust Agreement (Impac CMB Trust Series 1998-2), Trust Agreement (Southern Pacific Secured Assets Corp), Trust Agreement (Imh Assets Corp)
Majority Control. Except as expressly provided herein, any action that may be taken by the Certificateholders under this Trust Agreement may be taken by the Holders Certificateholders of Certificates evidencing not less than a majority Percentage Interest of the CertificatesCertificate Balance. Except as expressly provided herein, any written notice of the Certificateholders delivered pursuant to this Trust Agreement shall be effective if signed by Holders Certificateholders of Certificates evidencing not less than a majority Percentage Interest of the Certificates Certificate Balance at the time of the delivery of such notice.
Appears in 3 contracts
Sources: Trust Agreement (Nellie Mae Education Loan Corp), Trust Agreement (Ford Credit Auto Receivables Two L P), Trust Agreement (Ford Motor Credit Co)
Majority Control. Except as expressly provided herein, any action that may be taken by the Trust Certificateholders under this Trust Agreement may be taken by the Holders of Certificates evidencing Trust Certificateholders holding not less than a majority Percentage Interest of the CertificatesCertificate Balance. Except as expressly provided herein, any written notice of the Trust Certificateholders delivered pursuant to this Trust Agreement shall be effective if signed by Holders of Certificates evidencing Trust Certificateholders holding not less than a majority Percentage Interest of the Certificates Certificate Balance at the time of the delivery of such notice.
Appears in 3 contracts
Sources: Trust Agreement (BMW Auto Leasing LLC), Trust Agreement (Ryder Truck Rental I Lp), Trust Agreement (Ryder Funding Ii Lp)
Majority Control. Except as expressly provided herein, any action that may be taken by the Certificateholders under this Trust Agreement may be taken by the Holders of Certificates evidencing not less more than a majority 50% of the Percentage Interest in each of the CertificatesTrust Interests and such action shall be binding upon all Certificateholders. Except as expressly provided herein, any written notice of the Certificateholders delivered pursuant to this Trust Agreement shall be effective if signed by Holders of Certificates evidencing not less more than a majority 50% of the Percentage Interest in each of the Certificates Trust Interests at the time of the delivery of such noticenotice and such action shall be binding upon all Certificateholders.
Appears in 3 contracts
Sources: Trust Agreement (American Business Financial Services Inc /De/), Trust Agreement (Prudential Securities Secured Financing Corp), Trust Agreement (Morgan Stanley Abs Capital I Inc)
Majority Control. Except as expressly provided herein, any ---------------- action that may be taken by the Certificateholders under this Trust Agreement may be taken by the Holders Certificateholders of Trust Certificates evidencing not less than a majority Percentage Interest of the CertificatesCertificate Balance. Except as expressly provided herein, any written notice of the Certificateholders delivered pursuant to this Trust Agreement shall be effective if signed by Holders Certificateholders of Trust Certificates evidencing not less than a majority Percentage Interest of the Certificates Certificate Balance at the time of the delivery of such notice.
Appears in 3 contracts
Sources: Trust Agreement (SLM Funding Corp), Trust Agreement (SLM Funding Corp), Trust Agreement (SLM Funding Corp)
Majority Control. Except as expressly otherwise specifically provided ---------------- herein, any action that may be taken by the Certificateholders under this Trust Agreement may be taken by the Holders of Trust Certificates evidencing not less than a majority Percentage Interest of the CertificatesPercentage Interests. Except as expressly otherwise specifically provided herein, any written notice of the Certificateholders delivered pursuant to this Trust Agreement shall be effective if signed by Holders of Certificates evidencing not less than a majority Percentage Interest of the Certificates Percentage Interests at the time of the delivery of such notice.
Appears in 2 contracts
Sources: Trust Agreement (Franklin Receivables LLC), Trust Agreement (Franklin Receivables LLC)
Majority Control. Except as expressly provided pro- vided herein, any action that may be taken by the Certificateholders Certificate- holders under this Trust Agreement may be taken by the Holders holders of Certificates evidencing not less than a majority of the outstand- ing Certificate Percentage Interest Interests of the Certificates. Except as expressly provided herein, any written notice of the Certificateholders delivered pursuant to this Trust Agreement shall be effective if signed by Holders holders of Certificates evidencing not less than a majority Percentage Interest of the outstanding Certificate Principal Balance of the Certificates at the time of the delivery of such notice.
Appears in 2 contracts
Sources: Trust Agreement (Novastar Mortgage Funding Corp), Trust Agreement (Novastar Mortgage Funding Corp)
Majority Control. Except as expressly provided herein, any action that may be taken by the Certificateholders under this Trust Agreement may be taken by the Holders of Investor Certificates evidencing not less than a majority Percentage Interest of the outstanding Percentage Interests of the Investor Certificates. Except as expressly provided herein, any written notice of the Certificateholders delivered pursuant to this Trust Agreement shall be effective if signed by Holders of Investor Certificates evidencing not less than a majority Percentage Interest of the outstanding Percentage Interests of the Investor Certificates at the time of the delivery of such notice.
Appears in 2 contracts
Sources: Deposit Trust Agreement (American Residential Eagle Inc), Deposit Trust Agreement (American Residential Eagle Inc)
Majority Control. Except as expressly provided herein, any action that may be taken by the Certificateholders under this Trust Agreement may be taken by the Holders of Certificates evidencing not less than a majority Percentage Interest of the outstanding Security Balance of the Certificates. Except as expressly provided herein, any written notice of the Certificateholders delivered pursuant to this Trust Agreement shall be effective if signed by Holders of Certificates evidencing not less than a majority Percentage Interest of the outstanding Security Balance of the Certificates at the time of the delivery of such notice.
Appears in 2 contracts
Sources: Trust Agreement (Household Consumer Loan Trust 1997-2), Trust Agreement (Household Consumer Loan Trust 1997-2)
Majority Control. Except as expressly provided herein, any action that may be taken by the Trust Certificateholders under this Trust Agreement may be taken by the Holders of Certificates evidencing Trust Certificateholders holding not less than a majority Percentage Majority Interest of the Trust Certificates. Except as expressly provided herein, any written notice of the Trust Certificateholders delivered pursuant to this Trust Agreement shall be effective if signed by Holders of Certificates evidencing Trust Certificateholders holding not less than a majority Percentage Majority Interest of the Trust Certificates at the time of the delivery of such notice.. 13 (NALT 2023-A Second Amended and Restated Trust Agreement)
Appears in 2 contracts
Sources: Trust Agreement (Nissan Auto Lease Trust 2023-A), Trust Agreement (Nissan Auto Lease Trust 2023-A)
Majority Control. Except as expressly provided herein, any ---------------- action that may be taken by the Certificateholders Owners under this Trust Agreement may be taken by the Holders of Trust Certificates evidencing not less than a majority Percentage Interest of the CertificatesCertificate Balance. Except as expressly provided herein, any written notice of the Certificateholders Owners delivered pursuant to this Trust Agreement shall be effective if signed by Holders of Trust Certificates evidencing not less than a majority Percentage Interest of the Certificates Certificate Balance at the time of the delivery of such notice.
Appears in 2 contracts
Sources: Trust Agreement (Indymac Abs Inc), Trust Agreement (First Horizon Asset Securities Inc)
Majority Control. Except as expressly provided hereinherein and for the avoidance of doubt subject to Section 3.12, any action that may be taken by the Certificateholders under this Trust Agreement may be taken by the Holders of Certificates evidencing not less than a majority Percentage Interest 51% of the Certificatesaggregate Certificate Percentage Interest. Except as expressly provided herein, any written notice of the Certificateholders delivered pursuant to this Trust Agreement shall be effective if signed by the Holders of Certificates evidencing not less than a majority 51% of the aggregate Certificate Percentage Interest of the Certificates at the time of the delivery of such notice.
Appears in 2 contracts
Sources: Trust Agreement (CarMax Select Receivables Trust 2025-B), Trust Agreement (CarMax Select Receivables Trust 2025-B)
Majority Control. Except as expressly provided herein, any action that may be taken by the Certificateholders under this Trust Agreement may be taken by the Holders of Certificates Majority Certificateholders evidencing not less than a majority Percentage Interest 50.1% of the CertificatesCertificate Balance without regard to Certificates held by the Depositor. Except as expressly provided herein, any written notice of the Certificateholders delivered pursuant to this Trust Agreement shall be effective if signed by Holders of Certificates the Majority Certificateholders evidencing not less than a majority Percentage Interest 50.1% of the Certificates Certificate Balance at the time of the delivery of such notice.
Appears in 2 contracts
Sources: Trust Agreement (Crestar Bank /Va), Trust Agreement (Crestar Bank /Va)
Majority Control. Except as expressly provided herein, any action that may be taken by the Certificateholders under this Trust Agreement may be taken by the Holders of Certificates Certificateholders evidencing not less than a majority Percentage Interest of the outstanding Security Balance of the Certificates. Except as expressly provided herein, any written notice of the Certificateholders delivered pursuant to this Trust Agreement shall be effective if signed by Holders of Certificates Certificateholders [NY01:241702.4] 16069-00382 12/19/96 10:59pm 17 evidencing not less than a majority Percentage Interest of the outstanding Security Balance of the Certificates at the time of the delivery of such notice.
Appears in 2 contracts
Sources: Trust Agreement (Residential Funding Mortgage Securities Ii Inc), Trust Agreement (Residential Funding Mortgage Securities Ii Inc)
Majority Control. Except as expressly provided herein, any action that may be taken by the Trust Certificateholders under this Trust Agreement may be taken by the Holders of Certificates evidencing Trust Certificateholders holding not less than a majority Percentage Majority Interest of the Trust Certificates. Except as expressly provided herein, any written notice of the Trust Certificateholders delivered pursuant to this Trust Agreement shall be effective if signed by Holders of Certificates evidencing Trust Certificateholders holding not less than a majority Percentage Majority Interest of the Trust Certificates at the time of the delivery of such notice.. 13 (NALT 2019-B Amended and Restated Trust Agreement)
Appears in 2 contracts
Sources: Trust Agreement (Nissan Auto Leasing LLC Ii), Trust Agreement (Nissan Auto Leasing LLC Ii)
Majority Control. Except as expressly provided herein, any action that may be taken by the Trust Certificateholders under this Trust Agreement may be taken by the Holders of Certificates evidencing Trust Certificateholders holding not less than a majority Percentage Majority Interest of the Trust Certificates. Except as expressly provided herein, any written notice of the Trust Certificateholders delivered pursuant to this Trust Agreement shall be effective if signed by Holders of Certificates evidencing Trust Certificateholders holding not less than a majority Percentage Majority Interest of the Trust Certificates at the time of the delivery of such notice.. 13 (NALT 2019-A Amended and Restated Trust Agreement)
Appears in 2 contracts
Sources: Trust Agreement (Nissan Auto Leasing LLC Ii), Trust Agreement (Nissan Auto Leasing LLC Ii)
Majority Control. Except as expressly otherwise specifically provided herein, any action that may be taken by the Certificateholders under this Trust Agreement may be taken by the Holders of Trust Certificates evidencing not less than a majority Percentage Interest of the CertificatesCertificate Balance. Except as expressly otherwise specifically provided herein, any written notice of the Certificateholders delivered pursuant to this Trust Agreement shall be effective if signed by Holders of Certificates evidencing not less than a majority Percentage Interest of the Certificates Certificate Balance at the time of the delivery of such notice.
Appears in 2 contracts
Sources: Trust Agreement (Mellon Auto Receivables Corp), Trust Agreement (Barnett Auto Receivables Corp)
Majority Control. Except as expressly provided herein, any action that may be taken by the Certificateholders under this Trust Agreement may be taken by the Holders holders of Certificates evidencing not less more than a majority 50% of the Percentage Interest of in the CertificatesIssuer and such action shall be binding upon all Certificateholders. Except as expressly provided herein, any written notice of the Certificateholders delivered pursuant to this Trust Agreement shall be effective if signed by Holders holders of Certificates evidencing not less more than a majority 50% of the Percentage Interest of in the Certificates Issuer at the time of the delivery of such noticenotice and such action shall be binding upon all Certificateholders.
Appears in 2 contracts
Sources: Trust Agreement (Accredited Mortgage Loan Trust 2005-4), Trust Agreement (Accredited Mortgage Loan Trust 2005-3)
Majority Control. Except as expressly provided herein, any action that may be taken by the Certificateholders under this Trust Agreement may be taken by the Holders of Trust Certificates evidencing not less than a majority Percentage Interest of the CertificatesCertificate Balance. Except as expressly provided herein, any written notice of the Certificateholders delivered pursuant to this Trust Agreement shall be effective if signed by Holders of Trust Certificates evidencing not less than a majority Percentage Interest of the Certificates Certificate Balance at the time of the delivery of such notice.
Appears in 2 contracts
Sources: Trust Agreement (Provident Lease Receivables Corp), Trust Agreement (Provident Lease Receivables Corp)
Majority Control. Except as expressly provided herein, any action that may be taken by the Certificateholders under this Trust Agreement may be taken by the Holders of Trust Certificates evidencing in the aggregate not less than a majority 50% Percentage Interest of the CertificatesInterest. Except as expressly provided herein, any written notice of the Certificateholders delivered pursuant to this Trust Agreement shall be effective if signed by Holders of Trust Certificates evidencing in the aggregate not less than a majority 50% Percentage Interest of the Certificates at the time of the delivery of such notice.
Appears in 2 contracts
Sources: Trust Agreement (World Omni Auto Receivables LLC), Trust Agreement (World Omni Auto Receivables LLC)
Majority Control. Except as expressly provided herein, any action that may be taken by the Certificateholders under this Trust Agreement may be taken by the Holders of Certificates evidencing Certificateholders holding not less than a majority Percentage Interest of the CertificatesPercentage Interests. Except as expressly provided herein, any written notice of the Certificateholders delivered pursuant to this Trust Agreement shall be effective only if signed by Holders of Certificates evidencing Certificateholders holding not less than a majority Percentage Interest of the Certificates Percentage Interests at the time of the delivery of such notice.
Appears in 2 contracts
Sources: Trust Agreement (California Republic Auto Receivables Trust 2015-2), Trust Agreement (California Republic Funding LLC)
Majority Control. Except as otherwise expressly provided herein, any action that may be taken by the Certificateholders [Certificateholder][Owners] under this Trust Agreement may be taken by the Holders of Certificates evidencing not less than a majority Percentage Interest 51% of the CertificatesCertificate Balance. Except as expressly provided herein, any written notice of the Certificateholders [Certificateholder][Owners] delivered pursuant to this Trust Agreement shall be effective if signed by Holders of Certificates evidencing not less than a majority Percentage Interest 51% of the Certificates Certificate Balance at the time of the delivery of such notice.] ARTICLE V
Appears in 2 contracts
Sources: Trust Agreement (Toyota Motor Credit Corp), Trust Agreement (Toyota Motor Credit Corp)
Majority Control. Except as expressly provided herein, any action that may be taken by the Trust Certificateholders under this Trust Agreement may be taken by the Holders of Certificates evidencing Trust Certificateholders holding not less than a majority Percentage Majority Interest of the Trust Certificates. Except as expressly provided herein, any written notice of the Trust Certificateholders delivered pursuant to this Trust Agreement shall be effective if signed by Holders of Certificates evidencing Trust Certificateholders holding not less than a majority Percentage Majority Interest of the Trust Certificates at the time of the delivery of such notice.. 13 (NALT 2020-B Amended and Restated Trust Agreement)
Appears in 2 contracts
Sources: Trust Agreement (Nissan Auto Leasing LLC Ii), Trust Agreement (Nissan Auto Leasing LLC Ii)
Majority Control. Except as expressly provided herein, any action that may be taken by the Certificateholders under this Trust Agreement may be taken by the Holders of Owner Trust Certificates evidencing not less than a majority Percentage Interest of the outstanding Percentage Interests of the Owner Trust Certificates. Except as expressly provided herein, any written notice of the Certificateholders delivered pursuant to this Trust Agreement shall be effective if signed by Holders of Owner Trust Certificates evidencing not less than a majority Percentage Interest of the outstanding Percentage Interests of the Owner Trust Certificates at the time of the delivery of such notice.
Appears in 2 contracts
Sources: Trust Agreement (PHH Mortgage Trust, Series 2008-Cim1), Trust Agreement (PHH Mortgage Trust, Series 2008-Cim2)
Majority Control. Except as expressly provided herein, any action that may be taken by the Certificateholders under this Trust Agreement may be taken by the Holders of Investor Certificates evidencing not less than a majority Percentage Interest of the outstanding Percentage Interests of the Investor Certificates. Except as expressly provided herein, any written notice of the Certificateholders delivered pursuant to this Trust Agreement shall be effective if signed by Holders of Investor Certificates evidencing not less than a majority Percentage Interest of the Certificates at the time of the delivery of such notice.outstanding Percentage
Appears in 2 contracts
Sources: Deposit Trust Agreement (Sequoia Mortgage Funding Corp), Deposit Trust Agreement (Sequoia Mortgage Funding Corp)
Majority Control. Except as expressly provided herein, any action that may be taken by the Certificateholders under this Trust Agreement may be taken by the Holders of Certificates evidencing not less than a majority of the Certificate Percentage Interest of Interests evidenced by the Certificates. Except as expressly provided herein, any written notice or instruction of the Certificateholders delivered pursuant to this Trust Agreement shall be effective if signed by Holders of Certificates evidencing not less than a majority of the Certificate Percentage Interest of Interests evidenced by the Certificates at the time of the delivery of such noticenotice or instruction.
Appears in 1 contract
Majority Control. Except as expressly provided herein, ---------------- any action that may be taken by the Certificateholders under this Trust Agreement may shall be taken by the Holders of Certificates evidencing not less than a majority Percentage Interest of the Voting Interests of all Certificates. Except as expressly provided herein, any written notice of the Certificateholders delivered pursuant to this Trust Agreement shall be effective if signed by Holders of Certificates evidencing not less than a majority Percentage Interest of the Voting Interests of the Certificates at the time of the delivery of such notice.
Appears in 1 contract
Majority Control. Except as expressly provided herein, any action that may be taken by the Certificateholders under this Trust Agreement may be taken by the Holders of Certificates evidencing not less than a majority Percentage Interest of the CertificatesCertificate Invested Amount. Except as expressly provided herein, any written notice of the Certificateholders delivered pursuant to this Trust Agreement shall be effective if signed by Holders of Certificates evidencing not less than a majority Percentage Interest of the Certificates Certificate Invested Amount at the time of the delivery of such notice.
Appears in 1 contract
Majority Control. Except as expressly provided herein, ---------------- any action that may be taken by the Certificateholders under this Trust Agreement may be taken by the Holders of Certificates evidencing not less than a majority Percentage Interest of the Certificates. Except as expressly provided herein, any written notice of the Certificateholders delivered pursuant to this Trust Agreement shall be effective if signed by Holders of Certificates evidencing not less than a majority Percentage Interest of the Certificates at the time of the delivery of such notice.
Appears in 1 contract
Sources: Trust Agreement (Imh Assets Corp)
Majority Control. Except as expressly provided herein, any action that may be taken by the Certificateholders under this Trust Agreement may be taken by the Holders holders of Certificates evidencing not less than a majority of the outstanding Certificate Percentage Interest Interests of the Certificates. Except as expressly provided herein, any written notice of the Certificateholders delivered pursuant to this Trust Agreement shall be effective if signed by Holders holders of Certificates evidencing not less than a majority Percentage Interest of the Certificates outstanding Certificate Percentage Interests at the time of the delivery of such notice.
Appears in 1 contract
Majority Control. Except To the extent that there is more than one Certificateholder, except as expressly provided herein, any action that may be taken by the Certificateholders under this Trust Agreement may be taken by the Holders Certificateholders of Trust Certificates evidencing in the aggregate not less than a majority 50% Percentage Interest of the CertificatesInterest. Except as expressly provided herein, any written notice of the Certificateholders delivered pursuant to this Trust Agreement shall be effective if signed by Holders Certificateholders of Trust Certificates evidencing in the aggregate not less than a majority 50% Percentage Interest of the Certificates at the time of the delivery of such notice.
Appears in 1 contract
Majority Control. Except as expressly provided herein, any action that may be taken by the Certificateholders under this Trust Agreement may be taken by the Holders of Certificates evidencing not less than a majority Percentage Interest of the outstanding Principal Balance of the Certificates. Except as expressly provided herein, any written notice of the Certificateholders delivered pursuant to this Trust Agreement shall be effective if signed by Holders of Certificates evidencing not less than a majority Percentage Interest of the outstanding Principal Balance of the Certificates at the time of the delivery of such notice.
Appears in 1 contract
Majority Control. Except as expressly provided herein, any action that may be taken by the Certificateholders under this Trust Agreement may be taken by the Holders of Certificates Certificateholders, except as expressly provided in the Basic Documents, evidencing not less than a majority Percentage Interest percentage interest of the Owner Trust Certificates. Except as expressly provided herein, any written notice of the Certificateholders delivered pursuant to this Trust Agreement shall be effective if signed by Holders of Certificates Certificateholders evidencing not less than a majority Percentage Interest percentage interest of the Owner Trust Certificates at the time of the delivery of such notice.
Appears in 1 contract