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 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 of the outstanding Principal Balance of the Certificates at the time of the delivery of such notice.
Appears in 18 contracts
Samples: 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 evidencing not less more than a majority 50% of the outstanding Principal Balance of Percentage Interest 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 Holders of Certificates evidencing not less more than a majority 50% of the outstanding Principal Balance of Percentage Interest 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
Samples: Deposit Trust Agreement (Residential Resources Inc), Deposit Trust Agreement (Financial Asset Securities Corp), Deposit Trust Agreement (Fund America Investors Corp 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 Holder of Trust Certificates evidencing not less than a majority of the outstanding Principal Balance 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 of the outstanding Principal Certificate Balance of the Certificates at the time of the delivery of such notice.
Appears in 3 contracts
Samples: Trust Agreement (Eaglemark Inc), Trust Agreement (Harley Davidson Customer Funding Corp), Authority And (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 of the outstanding Principal Balance 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 Holders of Certificates evidencing not less than a majority of the outstanding Principal Balance Voting Rights of the Certificates at the time of the delivery of such notice.
Appears in 3 contracts
Samples: Trust Agreement (Imh Assets Corp), Trust Agreement (Southern Pacific Secured Assets Corp), Trust Agreement (Impac CMB Trust Series 1998-2)
Majority Control. Except as otherwise expressly provided herein, any action that may be taken by the Certificateholders Owners under this Trust Agreement may be taken by the Holders of Certificates evidencing not less than a majority 51% of the outstanding Principal Balance 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 Holders of Certificates evidencing not less than a majority 51% of the outstanding Principal Certificate Balance of the Certificates at the time of the delivery of such notice.
Appears in 2 contracts
Samples: Trust Agreement (Toyota Motor Credit Corp), Trust Agreement (Toyota Motor Credit 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 of the outstanding Principal Balance 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 Holders of Certificates evidencing not less than a majority of the outstanding Principal Certificate Balance of the Certificates at the time of the delivery of such notice.
Appears in 2 contracts
Samples: Trust Agreement (Barnett Auto Receivables Corp), Trust Agreement (Mellon Auto Receivables Corp)
Majority Control. Except as otherwise 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 51% of the outstanding Principal Balance 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 51% of the outstanding Principal Certificate Balance of the Certificates at the time of the delivery of such notice.
Appears in 2 contracts
Samples: Trust Agreement (Toyota Motor Credit Receivables Corp), Trust Agreement (Toyota Motor Credit 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 not less than a majority 51% of the outstanding Principal Balance 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 Trust Certificates evidencing not less than a majority 51% of the outstanding Principal Certificate 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 Certificateholders of Certificates evidencing not less than a majority of the outstanding Principal Balance 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 the Certificateholders of Certificates evidencing not less than a majority of the outstanding Principal aggregate Certificate Balance of the Certificates at the time of the delivery of such notice.
Appears in 1 contract
Samples: 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 Certificates evidencing not less than a majority of the outstanding Principal Balance 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 Holders of Certificates evidencing not less than a majority of the outstanding Principal Certificate Balance of the Certificates at the time of the delivery of such notice.
Appears in 1 contract
Samples: Trust Agreement (Caterpillar Financial 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 Certificateholders evidencing not less than a majority 50.1% of the outstanding Principal Balance 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 Certificateholders evidencing not less than a majority 50.1% of the outstanding Principal Certificate Balance of the Certificates at the time of the delivery of such notice.
Appears in 1 contract
Samples: Trust Agreement (Classnotes Inc)
Majority Control. Except as expressly provided herein, any action that may be taken by the Certificateholders Holders under this Trust Agreement may be taken by the Holders Holder of Trust Certificates evidencing not less than a majority of the outstanding Principal Balance of the CertificatesCertificate Balance. Except as expressly provided herein, any written notice of the Certificateholders Holders delivered pursuant to this Trust Agreement shall be effective if signed by holders the Holders of Trust Certificates evidencing not less than a majority of the outstanding Principal Certificate Balance of the Certificates at the time of the delivery of such notice.. ARTICLE FIVE APPLICATION OF TRUST FUNDS; CERTAIN DUTIES
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 Certificateholders of Trust Certificates evidencing not less than a majority of the outstanding Principal Balance 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 of the outstanding Principal Certificate Balance of the Certificates at the time of the delivery of such notice.
Appears in 1 contract
Samples: Trust Agreement (First Union Student Loan Trust 1997-1)
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 51% of the outstanding Principal Balance 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 Holders of Certificates evidencing not less than a majority 51% of the outstanding Principal Certificate 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 Holders under this Trust Agreement may be taken by the Holders Certificateholders of Trust Certificates evidencing not less than a majority of the outstanding Principal Balance of the CertificatesCertificate Balance. Except as expressly provided herein, any written notice of the Certificateholders Holders delivered pursuant to this Trust Agreement shall be effective if signed by holders the Holders of Trust Certificates evidencing not less than a majority of the outstanding Principal Certificate Balance of the Certificates at the time of the delivery of such notice.. ARTICLE FIVE APPLICATION OF TRUST FUNDS; CERTAIN DUTIES
Appears in 1 contract
