When a Guarantor Event of Default Exists. While a Guarantor Event of Default exists, the Trustee will exercise the rights and powers vested in it by the Trust Documents and use the same degree of care and skill in their exercise as a prudent investor would exercise or use under the circumstances in the conduct of its own affairs.
Appears in 12 contracts
Samples: Remic Master Trust Agreement, Master Trust Agreement, Remic Master Trust Agreement
When a Guarantor Event of Default Exists. While a Guarantor Event of Default existsexists and is continuing, the Trustee will exercise the rights and powers vested in it by the Trust Documents and use the same degree of care and skill in their exercise as a prudent investor would exercise or use under the circumstances in the conduct of its own affairs.
Appears in 11 contracts
Samples: Federal National Mortgage Association, SMBS Master Trust Agreement, Supers Master Trust Agreement
When a Guarantor Event of Default Exists. While a Guarantor Event of Default exists, the Trustee will exercise the rights and powers vested in it by the Trust Documents and use the same degree of care and skill in their exercise as a prudent investor would exercise or use under the circumstances in the conduct of its own affairs.affairs.β
Appears in 4 contracts
Samples: Multifamily Master Trust Agreement, Multifamily Master Trust Agreement, Trust Agreement
When a Guarantor Event of Default Exists. While a Guarantor Event of Default exists, the Trustee will exercise the rights and powers vested in it by the Trust Documents Agreement and use the same degree of care and skill in their exercise as a prudent investor would exercise or use under the circumstances in the conduct of its own affairs.
Appears in 1 contract
Samples: Trust Agreement
