Common use of Master Servicer May Own Notes Clause in Contracts

Master Servicer May Own Notes. Each of the Master Servicer and any affiliate of the Master Servicer may in its individual or any other capacity become the owner or pledgee of Notes with the same rights as it would have if it were not the Master Servicer or an affiliate thereof except as otherwise specifically provided herein. Notes so owned by or pledged to the Master Servicer or such affiliate shall have an equal and proportionate benefit under the provisions of this Agreement, without preference, priority, or distinction as among all of the Notes, provided that any Notes owned by the Master Servicer or any affiliate thereof, during the time such Notes are owned by them, shall be without voting rights for any purpose set forth in this Agreement. The Master Servicer shall notify the Indenture Trustee and the Securities Insurer promptly after it or any of its affiliates becomes the owner or pledgee of a Note.

Master Servicer May Own Notes. Each of the Master Servicer and any affiliate of the Master Servicer may in its individual or any other capacity become the owner or pledgee of Notes with the same rights as it would have if it were not the Master Servicer or an affiliate thereof except as otherwise specifically provided herein. Notes so owned by or pledged to the Master Servicer or such affiliate shall have an equal and proportionate benefit under the provisions of this Agreement, without preference, priority, or distinction as among all of the Notes, provided that any Notes owned by the Master Servicer or any affiliate thereof, during the time such Notes are owned by them, shall be without voting rights for any purpose set forth in this Agreement. The Master Servicer shall notify the Indenture Trustee and the Securities Insurer promptly after it or any of its affiliates becomes the owner or pledgee of a Note.. 97 102 ARTICLE X.

Master Servicer May Own Notes. Each of the Master Servicer and any affiliate of the Master Servicer may in its individual or any other capacity become the owner or pledgee of Notes with the same rights as it would have if it were not the Master Servicer or an affiliate thereof except as otherwise specifically provided herein. Notes so owned by or pledged to the Master Servicer or such affiliate shall have an equal and proportionate benefit under the provisions of this Agreement, without preference, priority, or distinction as among all of the Notes, provided that any Notes owned by the Master Servicer or any affiliate thereof, during the time such Notes are owned by them, shall be without voting rights for any purpose set forth in this Agreement. The Master Servicer shall notify the Indenture Trustee and the Securities Insurer promptly after it or any of its affiliates becomes the owner or pledgee of a Note.

Master Servicer May Own Notes. Each of the Master Servicer and any affiliate of the Master Servicer may in its individual or any other capacity become the owner or pledgee of Notes with the same rights as it would have if it were not the Master Servicer or an affiliate thereof except as otherwise specifically provided herein. Notes so owned by or pledged to the Master Servicer or such affiliate shall have an equal and proportionate benefit under the provisions of this Agreement, without preference, priority, or distinction as among all of the Notes, provided that any Notes owned by the Master Servicer or any affiliate thereof, during the time such Notes are owned by them, shall be without voting rights for any purpose set forth in this Agreement. The Master Servicer shall notify the Indenture Trustee and the Securities Insurer promptly after it or any of its affiliates becomes the owner or pledgee of a Note.. 77