Common use of Remedies; Priorities Clause in Contracts

Remedies; Priorities. (a) If an Event of Default shall have occurred and be continuing and if an acceleration has been declared and not rescinded pursuant to Section 5.02 hereof, the Indenture Trustee subject to the provisions of Section 10.16 hereof may, and shall, at the written direction of the Holders of a majority of the aggregate Note Balance of the Notes, do one or more of the following (subject to Section 5.05 hereof):

Appears in 31 contracts

Samples: Indenture (New Century Home Equity Loan Trust 2005-2), Custodial Agreement (Renaissance Home Equity Loan Trust 2006-3), Custodial Agreement (Renaissance Home Equity Loan Trust 2006-3)

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Remedies; Priorities. (a) If an Event of Default shall have occurred and be continuing and if an acceleration has been declared and not rescinded pursuant to Section 5.02 hereof, the Indenture Trustee subject to the provisions of Section 10.16 hereof may, and shall, at the written direction of the Holders of a majority of the aggregate Note Balance Bond Principal Balances of the NotesBonds, do one or more of the following (subject to Section 5.05 hereof):

Appears in 18 contracts

Samples: Servicing Agreement (Impac CMB Trust Series 2005-8), Indenture (IMPAC CMB Trust Series 2005-5), Servicing Agreement (Imh Assets Corp Impac CMB Trust Series 2005-1)

Remedies; Priorities. (a) If an Event of Default shall have occurred and be continuing and if an acceleration has been declared and not rescinded pursuant to Section 5.02 hereof, the Indenture Trustee subject to the provisions of Section 10.16 hereof may, and shall, at the written direction of the Holders of a majority of the aggregate Note Balance Principal Balances of the Notes, Notes (subject to Section 6.02(k)) do one or more of the following (subject to Section 5.05 hereof):

Appears in 14 contracts

Samples: Indenture (Homebanc Corp), Indenture (Homebanc Corp), Indenture (Peoples Choice Home Loan Securities Trust Series 2005-3)

Remedies; Priorities. (a) If an Event of Default shall have occurred and be continuing and if an acceleration has been declared and not rescinded pursuant to Section 5.02 hereof, the Indenture Trustee subject to the provisions of Section 10.16 hereof may, and shall, at the written direction of the Holders of a majority of the aggregate Note Balance of the Notes, do one or more of the following (subject to Section 5.05 hereof):

Appears in 8 contracts

Samples: Default And (Afc Mortgage Loan Asset Backed Notes Series 2000-1), Indenture (Imh Assets Corp), Indenture (Superior Bank FSB Afc Mortgage Ln Asset Bk Notes Ser 1999-3)

Remedies; Priorities. (a) If an Event of Default shall have occurred and be continuing and if an acceleration has been declared and not rescinded pursuant to Section 5.02 hereof, the Indenture Trustee Trustee, subject to the provisions of Section 10.16 hereof 10.15 hereof, may, and shall, at the written direction of the Holders of a majority of the aggregate Note Balance Principal Balances of the Notes, do one or more of the following (subject to Section 5.05 hereof):

Appears in 8 contracts

Samples: Indenture (Bear Stearns ARM Trust 2006-1), Indenture (Bear Stearns ARM Trust 2007-2), Servicing Agreement (Bear Stearns Arm Trust, Mortgage-Backed Notes, Series 2005-5)

Remedies; Priorities. (a) If an Event of Default shall have occurred and be continuing and if an acceleration has been declared and not rescinded pursuant to Section 5.02 hereof, the Indenture Trustee subject to the provisions of Section 10.16 hereof may, and shall, at the written direction of the Holders of a majority not less than 66-2/3% of the aggregate Note Balance Balances of the Notes, do one or more of the following (subject to Section 5.05 hereof):

Appears in 7 contracts

Samples: Manufactured Housing (Origen Residential Securities, Inc.), Servicing Agreement (Origen Manufactured Housing Contract Trust 2004-B), Custodial Agreement (Citigroup Mortgageln Tr Origen Manu Hous Cont Tr NTS Ser 200)

Remedies; Priorities. (a) If an Event of Default shall have occurred and be continuing and if an acceleration has been declared and not rescinded pursuant to Section 5.02 hereof, the Indenture Trustee subject to the provisions of Section 10.16 hereof may, and shall, at the written direction of the Holders of a majority of the aggregate Note Balance of the Notes, may do one or more of the following (subject to Section 5.05 hereof):

Appears in 5 contracts

Samples: Indenture (Imh Assets Corp), Indenture (Imh Assets Corp), Indenture, Dated as Of (Imh Assets Corp)

Remedies; Priorities. (a) If an Event of Default shall have occurred and be continuing and if an acceleration has been declared and not rescinded pursuant to Section 5.02 hereof, the Indenture Trustee Trustee, subject to the provisions of Section 10.16 hereof 10.15 hereof, may, and shall, at the written direction of the Holders of a majority of the aggregate Note Principal Balance of the Senior Notes, do one or more of the following (subject to Section 5.05 hereof):

Appears in 2 contracts

Samples: Merrill Lynch Mortgage Investors Trust Series 2005-A9, Merrill Lynch Mortgage Investors Trust, Series 2005-2

Remedies; Priorities. (a) If an Event of Default shall have occurred and be continuing and if an acceleration has been declared and not rescinded pursuant to Section 5.02 hereof, the Indenture Trustee Trustee, subject to the provisions of Section 10.16 hereof 10.15 hereof, may, and shall, shall at the written direction of the Holders of a majority of the aggregate Note Principal Balance of the Senior Notes, do one or more of the following (subject to Section 5.05 hereof):

Appears in 2 contracts

Samples: Bear Stearns Arm Trust, Mortgage-Backed Notes, Series 2005-5, Citigroup Mortgage Loan Trust 2005-11

Remedies; Priorities. (a) If an Event of Default shall have occurred and be continuing and if an acceleration has been declared and not rescinded pursuant to Section 5.02 hereof, the Indenture Trustee subject to the provisions of Section 10.16 11.16 hereof may, and shall, at the written direction of the Holders of a majority of the aggregate Note Balance Principal Balances of the Offered Notes, do one or more of the following (subject to Section 5.05 hereof):

Appears in 2 contracts

Samples: Master Agreement (GSC Capital Corp. Mortgage Trust 2006-1), Merrill Lynch Mortgage Investors Inc

Remedies; Priorities. (a) If an Event of Default shall have occurred and be continuing and if an acceleration has been declared and not rescinded pursuant to Section 5.02 hereof, the Indenture Trustee subject to the provisions of Section 10.16 hereof may, and shall, at the written direction of the Holders of a majority of the aggregate Note Balance of the Notes, may do one or more of the following (subject to Section 5.05 hereof):

Appears in 1 contract

Samples: C-Bass Mortgage Loan as-BCK Nt Sal Mort Ln Tr Ser 2001-Cb4

Remedies; Priorities. (a) If an Event of Default shall have occurred and be continuing and if an acceleration has been declared and not rescinded pursuant to Section 5.02 hereof, the Indenture Trustee Trustee, subject to the provisions of Section 10.16 hereof may10.15 hereof, and shall, at the written direction of the Holders of a majority of the aggregate Note Balance of the Notes, may do one or more of the following (subject to Section 5.05 hereof):

Appears in 1 contract

Samples: Custodial Agreement (Salomon Br Mor Sec Vii Inc Series 1998-11)

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Remedies; Priorities. (a) If an Event of Default shall have occurred and be continuing and if an acceleration has been declared and not rescinded pursuant to Section 5.02 hereof, the Indenture Trustee subject to the provisions of Section 10.16 hereof may, and shall, at the written direction of the Holders of a majority of the aggregate Note Balance of the Notes, do one or more of the following (subject to Section 5.05 hereof):of

Appears in 1 contract

Samples: New Century Mort Sec Inc Home Equity Loan Trust 2003 6

Remedies; Priorities. (a) If an Event of Default shall have occurred and be continuing and if an acceleration has been declared and not rescinded pursuant to Section 5.02 hereof, the Indenture Trustee Trustee, subject to the provisions of Section 10.16 hereof 10.15 hereof, may, and shall, at the written direction of the Holders of a majority of the aggregate Note Balance Principal Balances of the Notes, do one or more of the following (subject to Section 5.05 hereof):

Appears in 1 contract

Samples: Indenture (Bear Stearns ARM Trust 2006-1)

Remedies; Priorities. (a) If an Event of Default shall have occurred and be continuing and if an acceleration has been declared and not rescinded pursuant to Section 5.02 hereof, the Indenture Trustee subject to the provisions of Section 10.16 hereof may, and shall, at the written direction of the Holders of a majority of the aggregate Note Balance Balances of the Notes, do one or more of the following (subject to Section 5.05 hereof):

Appears in 1 contract

Samples: Indenture (New Century Home Equity Loan Trust 2004-1)

Remedies; Priorities. (a) If an Event of Default shall have occurred and be continuing and if an acceleration has been declared and not rescinded pursuant to Section 5.02 hereof, the Indenture Trustee subject to the provisions of Section 10.16 hereof may, and shall, at the written direction of the Holders of a majority of the aggregate Note Balance Principal Balances of the Notes, do one or more of the following (subject to Section 5.05 hereof):

Appears in 1 contract

Samples: Indenture (Structured Asset Mort Inv Inc Mort Back NTS Ser 2003-1)

Remedies; Priorities. (a) If an Event of Default shall have occurred and be continuing and if an acceleration has been declared and not rescinded pursuant to Section 5.02 hereof, the Indenture Trustee Trustee, subject to the provisions of Section 10.16 hereof 10.15 hereof, may, and shall, at the written direction of the Holders of a majority of the aggregate Note Balance Principal Balances of the NotesNotes then outstanding, do one or more of the following (subject to Section 5.05 hereof):

Appears in 1 contract

Samples: Indenture (GSR Trust 2005-Hel1)

Remedies; Priorities. (a) If an Event of Default shall have occurred and be continuing and if an acceleration has been declared and not rescinded pursuant to Section 5.02 hereof, the Indenture Trustee subject to the provisions of Section 10.16 hereof may, and shall, at the written direction of the Note Insurer or the Holders of a majority of the aggregate Class A Note Principal Balance of the Notes, do one or more of the following (subject to Section 5.05 hereof):

Appears in 1 contract

Samples: Indenture (Home Loan Mortgage Loan Trust 2004-2)

Remedies; Priorities. (a) If an Event of Default shall have occurred and be continuing and if an acceleration has been declared and not rescinded pursuant to Section 5.02 hereof, the Indenture Trustee Trustee, subject to the provisions of Section 10.16 hereof mayhereof, may and shall, with respect to the Notes, at the written direction of the Holders of a majority of the aggregate Note Balance Principal Balances of the Notes, do one or more of the following (subject to Section 5.05 hereof):

Appears in 1 contract

Samples: Trust Agreement (American Home Mortgage Investment Trust 2005-4)

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