Common use of Majority Control Clause in Contracts

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

Samples: Trust Agreement (GSC Capital Corp. Mortgage Trust 2006-1), Trust Agreement (GSC Capital Corp. Mortgage Trust 2006-2), Trust Agreement (American Home Mortgage Investment Trust 2005-4)

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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 74 contracts

Samples: Trust Agreement (Hyundai Auto Receivables Trust 2024-A), Trust Agreement (Hyundai Auto Receivables Trust 2024-A), Trust Agreement (Hyundai Auto Receivables Trust 2023-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 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 71 contracts

Samples: Trust Agreement (CarMax Auto Owner Trust 2024-2), Trust Agreement (Carmax Auto Funding LLC), Trust Agreement (CarMax Auto Owner Trust 2024-1)

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 70 contracts

Samples: Trust Agreement (Honda Auto Receivables 2015-3 Owner Trust), Trust Agreement (Honda Auto Receivables 2015-3 Owner Trust), Trust Agreement (Honda Auto Receivables 2015-2 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 69 contracts

Samples: Trust Agreement (World Omni Auto Receivables Trust 2024-B), Trust Agreement (World Omni Auto Receivables Trust 2024-B), Trust Agreement (World Omni Auto Receivables Trust 2024-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 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 59 contracts

Samples: Trust Agreement (CNH Equipment Trust 2024-B), Trust Agreement (CNH Equipment Trust 2024-A), Trust Agreement (CNH Equipment Trust 2023-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 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 45 contracts

Samples: Trust Agreement (Honda Auto Receivables 2024-2 Owner Trust), Trust Agreement (Honda Auto Receivables 2024-2 Owner Trust), Trust Agreement (Honda Auto Receivables 2024-1 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 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

Samples: Bas Securitization LLC, Trust Agreement (Mmca Auto Receivables Trust), Trust Agreement (Mmca Auto Receivables 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 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

Samples: 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, (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 38 contracts

Samples: Trust Agreement (Mercedes-Benz Auto Lease Trust 2024-A), Trust Agreement (Mercedes-Benz Auto Lease Trust 2024-A), Trust Agreement (Mercedes-Benz 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 35 contracts

Samples: Trust Agreement (WFS Financial 1997-D Owner Trust), Trust Agreement (WFS Financial 1997-C Owner Trust), Trust Agreement (WFS Financial 1997-a Owners 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 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

Samples: Trust Agreement (World Omni Auto Receivables LLC), Trust Agreement (World Omni Auto Receivables LLC), Trust Agreement (World Omni Auto Receivables LLC)

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 32 contracts

Samples: 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 31 contracts

Samples: Amended and Restated Trust Agreement (BMW Vehicle Owner Trust 2024-A), Trust Agreement (BMW Vehicle Owner Trust 2024-A), Amended and Restated Trust Agreement (BMW Vehicle Owner Trust 2023-A)

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

Samples: 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

Samples: 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 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

Samples: Trust Agreement (Ford Credit Auto Receivables Two LLC), 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 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

Samples: Trust Agreement (Daimlerchrysler Services North America LLC), Trust Agreement (Daimlerchrysler Auto Trust 2004-C), Trust Agreement (Daimlerchrysler Services North America 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

Samples: Trust Agreement (CNH Capital Receivables Inc), Trust Agreement (CNH Equipment Trust 2005-A), Trust Agreement (CNH Capital Receivables 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 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 26 contracts

Samples: Trust Agreement (BMW Vehicle Lease Trust 2024-1), Trust Agreement (BMW Vehicle Lease Trust 2024-1), Trust Agreement (Financial Services Vehicle Trust)

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.. ARTICLE FIVE

Appears in 25 contracts

Samples: Trust Agreement (Nissan Auto Lease Trust 2024-A), Trust Agreement (Nissan Auto Lease Trust 2024-A), 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 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

Samples: Trust Agreement (Home Equity Loan Trust 2007-Hsa1), Trust Agreement (Home Equity Loan Trust 2007-Hsa3), Trust Agreement (RFMSII Series 2006-Hsa2 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 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

Samples: Trust Agreement (JPMorgan Chase Bank, National Association), Trust Agreement (Chase Auto Owner Trust 2005-B), Trust Agreement (Chase Auto Owner Trust 2006-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

Samples: Trust Agreement (Long Beach Securities Corp), Trust Agreement (National City Mortgage Capital LLC), Trust Agreement (DLJ Mortgage Acceptance 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

Samples: Trust Agreement (Residential Funding Mortgage Securities Ii Inc), Trust Agreement (Home Loan Trust 2006-Hi2), Trust Agreement (Home Loan Trust 2006-Hi4)

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.. ARTICLE FIVE APPLICATION OF TRUST FUNDS; CERTAIN DUTIES

Appears in 17 contracts

Samples: Trust Agreement (Nissan Auto Leasing LLC Ii), Trust Agreement (Nissan Auto Leasing LLC Ii), Trust Agreement (Nissan-Infiniti 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 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.. ARTICLE FIVE

Appears in 16 contracts

Samples: Trust Agreement (Honda Auto Receivables 2022-2 Owner Trust), Trust Agreement (Honda Auto Receivables 2022-1 Owner Trust), Trust Agreement (American Honda Receivables LLC)

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 16 contracts

Samples: Trust Agreement (BMW Vehicle Lease Trust 2023-1), Trust Agreement (BMW Vehicle Lease Trust 2023-1), Trust Agreement (BMW Vehicle Lease Trust 2022-1)

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 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

Samples: Trust Agreement (Usaa Acceptance LLC), Trust Agreement (Usaa Auto Owner Trust 2004-3), Trust Agreement (Usaa Federal Savings Bank)

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

Samples: Trust Agreement (WFS Receivables Corp 3), Trust Agreement (WFS Financial 2005-2 Owner Trust), Trust Agreement (WFS Financial 2005-3 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 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

Samples: Trust Agreement (Accredited Mortgage Loan Trust 2003-2), Trust Agreement (Accredited Home Lenders Inc Mortgage Loan Trust 2004-1), Trust Agreement (Accredited Mortgage Loan Trust 2004-2)

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

Samples: Trust Agreement (Franklin Auto Trust 2003-2), Trust Agreement (Franklin Receivables Auto Trust 2003-1), Trust Agreement (Franklin Receivables 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 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.. ARTICLE FIVE

Appears in 13 contracts

Samples: Trust Agreement (Honda Auto Receivables 2015-1 Owner Trust), Trust Agreement (Honda Auto Receivables 2015-1 Owner Trust), Trust Agreement (Honda Auto Receivables 2012-1 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 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

Samples: Trust Agreement (NovaStar Certificates Financing LLC), Trust Agreement (NovaStar Certificates Financing CORP), Trust Agreement (Accredited Mortgage Loan REIT Trust)

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

Samples: 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

Samples: 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 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

Samples: 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 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

Samples: Trust Agreement (Collegiate Funding of Delaware LLC), Trust Agreement (Collegiate Funding of Delaware LLC), Trust Agreement (College Loan 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

Samples: Trust Agreement (Wachovia Auto Owner Trust 2008-A), Trust Agreement (Wachovia Auto Loan Owner Trust 2007-1), Trust Agreement (WDS 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 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

Samples: Trust Agreement (Regions Auto Receivables Trust 2002-1), Trust Agreement (Regions Auto Receivables Trust 2003-1), Trust Agreement (Regions Acceptance LLC Regions Auto Receivables Tr 2003-2)

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 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

Samples: Trust Agreement (Higher Education Funding I), Trust Agreement (College Loan Corp Trust I), Trust Agreement (College Loan Corp Trust I)

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

Samples: Trust Agreement (Sast 2006-3), Trust Agreement (Saxon Asset Securities Trust 2005-1), Trust Agreement (Saxon Asset Securities 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 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

Samples: 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 of Certificates evidencing not less than representing at least a majority of the aggregate 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 of Certificates Certificateholders evidencing not less than at least a majority of the aggregate Percentage Interest of the Certificates such Class outstanding at the time of the delivery of such notice.

Appears in 8 contracts

Samples: Trust Agreement (Irwin Home Equity Loan Trust 2005-1), Trust Agreement (Bear Stearns Asset Backed Securities Inc), Trustee Trust Agreement (Irwin Whole Loan Home Equity Trust 2005-A)

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

Samples: Trust Agreement (Rfmsii 2004-Hi3), Trust Agreement (Residential Funding Mortgage Securities Ii Inc), Trust Agreement (Home Loan Trust 2004-Hi2)

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

Samples: Trust Agreement (Usaa Acceptance LLC), Trust Agreement (USAA Auto Owner Trust 2007-2), Trust Agreement (USAA Auto Owner Trust 2007-1)

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 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

Samples: Trust Agreement (Gs Mortgage Securities Corp), Trust Agreement (Gs Mortgage Securities Corp), Trust Agreement (Chec Asset 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 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

Samples: Trust Agreement (Wachovia Asset Securitization Inc 2002 He2 Trust), Trust Agreement (Wachovia Mortgage Loan Trust, LLC), 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 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

Samples: Trust Agreement (Imh Assets Corp), Trust Agreement (Pacificamerica Money Center Inc), 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 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

Samples: Trust Agreement (Chrysler Financial Auto Securitization Trust 2010-A), Trust Agreement (DaimlerChrysler Auto Trust 2007-A), Trust Agreement (Daimlerchrysler Auto Trust 2008-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 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

Samples: 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 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

Samples: Trust Agreement (SACO I Trust 2006-8), Trust Agreement (Saco I Trust 2005-Gp1), Trust Agreement (ACE Securities Corp. Home Equity Loan Trust, Series 2006-Gp1)

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

Samples: 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 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

Samples: Trust Agreement (GMACM Mortgage Loan Trust 2004-Gh1), Trust Agreement (Residential Asset Mort Prod Inc Gmacm Home Eq L N Tr 04 He2), 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 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

Samples: Trust Agreement (Bear Stearns Arm Trust, Mortgage-Backed Notes, Series 2005-5), Trust Agreement (Merrill Lynch Mortgage Investors Trust, Series 2005-2), Trust Agreement (Bear Stearns Arm Trust, Mortgage-Backed Notes, Series 2005-5)

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 6 contracts

Samples: Trust Agreement (Nissan Auto Lease Trust 2017-A), Trust Agreement (Nissan Auto Lease Trust 2017-A), Trust Agreement (Nissan Auto Lease Trust 2016-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 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

Samples: 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 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.. ARTICLE FIVE APPLICATION OF TRUST FUNDS; CERTAIN DUTIES

Appears in 4 contracts

Samples: Trust Agreement (Nissan Auto Leasing LLC Ii), Trust Agreement (Nissan Auto Leasing LLC Ii), Trust Agreement (Nissan-Infiniti 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 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

Samples: Trust Agreement (GS Auto Loan Trust 2006-1), Trust Agreement (Fifth Third Auto Trust 2004-A), Trust Agreement (GS Auto Loan Trust 2007-1)

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 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

Samples: 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 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 4 contracts

Samples: Trust Agreement (Nissan Auto Leasing LLC Ii), Trust Agreement (Nissan Auto Lease Trust 2004-A), Trust Agreement (Nissan Auto Lease Trust 2003-A)

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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

Samples: 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

Samples: Trust Agreement (Superior Bank FSB), Trust Agreement (Superior Bank FSB Afc Mort Ln Asset Backed Notes Ser 2000 2), Trust Agreement (Afc Mortgage Loan Asset Backed Notes Series 2000-1)

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

Samples: Trust Agreement (Greenwich Capital Acceptance Thornburg Sec Tr 2003-4), Trust Agreement (Greenwich Capital Acceptance, Inc New York Mortgage Trust 2005-1), Trust Agreement (New York Mortgage Trust 2005-2)

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 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

Samples: Trust Agreement (Ford Credit Auto Receivables Two L P), Trust Agreement (Ford Motor Credit Co), Trust Agreement (Nellie Mae Education Loan 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 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

Appears in 3 contracts

Samples: Trust Agreement (BMW Vehicle Lease Trust 2023-2), Trust Agreement (BMW Vehicle Lease Trust 2023-2), Trust Agreement (Ryder Truck Rental 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 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

Samples: 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 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

Samples: Trust Agreement (Ace Securities Corp), Trust Agreement (Barnett Auto Receivables Corp), FCC 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 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

Samples: Trust Agreement, Trust Agreement (Citigroup Mortgage Loan Trust 2005-6), Trust Agreement (Citigroup Mortgage Loan Trust 2005-11)

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

Samples: Trust Agreement (Merrill Auto Trust Securitization 2005-1), Trust Agreement (Ml Asset Backed Corp), Trust Agreement (Merrill Auto Trust Securitization 2007-1)

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

Samples: 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 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

Samples: 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 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

Samples: Trust Agreement (MCG Capital Corp), Trust Agreement (Ares 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 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

Samples: Trust Agreement (Prudential Securities Secured Financing Corp), Trust Agreement (Morgan Stanley Abs Capital I Inc), Trust Agreement (American Business Financial Services Inc /De/)

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.. ARTICLE FIVE APPLICATION OF TRUST FUNDS; CERTAIN DUTIES

Appears in 3 contracts

Samples: Trust Agreement (Honda Auto Receivables 2015-4 Owner Trust), Trust Agreement (Honda Auto Receivables 2015-4 Owner Trust), Trust Agreement (Honda Auto Receivables 2005-2 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 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

Samples: 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 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

Samples: Trust Agreement (Indymac Abs Inc), Trust Agreement (First Horizon Asset Securities 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 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

Samples: 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 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

Samples: 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

Samples: 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 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.. ARTICLE FIVE APPLICATION OF TRUST FUNDS; CERTAIN DUTIES

Appears in 2 contracts

Samples: Trust Agreement (Honda Auto Receivables 2017-3 Owner Trust), Trust Agreement (Honda Auto Receivables 2017-3 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 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

Samples: 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 holders of the Trust Certificates under this Trust Agreement may be taken by the Holders holders of Trust Certificates evidencing not less than a majority Percentage Interest of the Certificatessum of the Certificate Balances. 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 holders of the 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

Samples: Trust Agreement (Key Bank Usa National Association), Trust Agreement (Key Bank Usa National Association)

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

Samples: 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

Samples: 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 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

Samples: 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 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) ARTICLE FIVE APPLICATION OF TRUST FUNDS; CERTAIN DUTIES

Appears in 2 contracts

Samples: Trust Agreement (Nissan Auto Lease Trust 2023-A), Trust Agreement (Nissan Auto Lease Trust 2023-A)

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

Samples: 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 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 2 contracts

Samples: Trust Agreement (Ryder Truck Rental I Lp), Trust Agreement (Ryder Funding Ii Lp)

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

Samples: Trust Agreement (Franklin Receivables LLC), Trust Agreement (Franklin 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 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

Samples: Deposit Trust Agreement (Sequoia Mortgage Funding Corp), Deposit Trust Agreement (Sequoia Mortgage Funding Corp)

Majority Control. (a) Except as expressly provided herein, any action that may be taken by the Lease Trust Certificateholders under this Trust Agreement may be taken by the Holders of Certificates evidencing Lease Trust Certificateholders holding not less than a majority Percentage Interest of the CertificatesAggregate Certificate Balance. Except as expressly provided herein, any written notice of the Lease Trust Certificateholders delivered pursuant to this Trust Agreement shall be effective if signed by Holders of Certificates evidencing Lease Trust Certificateholders holding not less than a majority Percentage Interest of the Certificates Aggregate Certificate Balance at the time of the delivery of such notice.

Appears in 2 contracts

Samples: Lease Trust Agreement (Fcal LLC), Trust Agreement (RCL Trust 1996 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 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

Samples: 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 holders of the Trust Certificates under this Trust Agreement may be taken by the Holders holders of Trust Certificates evidencing not less than a majority Percentage Interest of the Certificatessum of the Certificate Balances. 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 holders of the 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

Samples: Trust Agreement (Mellon Bank N A), Trust Agreement (Key Bank Usa National Association)

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 Percentage Interest 50% of the Class Principal Balance of 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 of Certificates evidencing not less more than a majority Percentage Interest 50% of the Class Principal Balance of the Certificates at the time of the delivery of such notice.

Appears in 2 contracts

Samples: Mego Financial Corp, Mego Mortgage Corp

Majority Control. 1. Except as expressly provided herein, any action that may be taken by the Lease Trust Certificateholders under this Trust Agreement may be taken by the Holders of Certificates evidencing Lease Trust Certificateholders holding not less than a majority Percentage Interest of the CertificatesAggregate Certificate Balance. Except as expressly provided herein, any written notice of the Lease Trust Certificateholders delivered pursuant to this Trust Agreement shall be effective if signed by Holders of Certificates evidencing Lease Trust Certificateholders holding not less than a majority Percentage Interest of the Certificates Aggregate Certificate Balance at the time of the delivery of such notice.

Appears in 1 contract

Samples: Trust Agreement (RCL Trust 1996 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 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 1 contract

Samples: Trust Agreement (SSB Vehicle Securities 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 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.. Article Five APPLICATION OF TRUST FUNDS; CERTAIN DUTIES

Appears in 1 contract

Samples: Trust Agreement (BMW Auto Leasing LLC)

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.. Article Five

Appears in 1 contract

Samples: Trust Agreement (BMW Manufacturing 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 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

Samples: Trust Agreement (Textron Financial Corp)

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