Amendment Relating to Transfers to Disqualified Organizations. Xxxxxx Mae and the Trustee may, without the consent of any Holders of the Certificates, upon notice to the Holders of the Residual Certificates, notwithstanding any provisions hereof to the contrary, amend this Trust Agreement in such manner as Xxxxxx Xxx may direct; provided, however, that any such amendment shall be limited to such matters as, in the judgment of Xxxxxx Mae, based upon the written advice of its tax counsel, are reasonably necessary (i) to ensure that the record ownership of, or any beneficial interest in, any Residual Certificate is not transferred, directly or indirectly, to a Disqualified Organization; and (ii) to provide for a means to compel the transfer of any Residual Certificate which is held by a Disqualified Organization to a Holder which is not a Disqualified Organization.
Amendment Relating to Transfers to Disqualified Organizations. The Issuer and the Trustee may, without the consent of any Holders of the Certificates of any Series, upon notice to the Holders of the Residual Certificates of such Series, notwithstanding any provisions hereof to the contrary, amend this Trust Agreement in such manner as the Issuer may direct; provided, however, that any such amendment will be limited to such matters as, in the judgment of the Issuer, based upon the written advice of its tax counsel, are reasonably necessary (i) to ensure that the record ownership of, or any beneficial interest in, any Residual Certificate is not transferred, directly or indirectly, to a Disqualified Organization and (ii) to provide for a means to compel the transfer of any Residual Certificate that is held by a Disqualified Organization to a Holder that is not a Disqualified Organization.
Amendment Relating to Transfers to Disqualified Organizations. Xxxxxx Xxx and the Trustee may, without the consent of any Holders of the Certificates, upon notice to the Holder of the Class 38-R Certificate, notwithstanding any provisions of the Trust Agreement to the contrary, amend this Issue Supplement in such manner as Xxxxxx Mae may direct; provided, however, that any such amendment shall be limited to such matters as, in the judgment of Xxxxxx Xxx, based upon the written advice of its tax counsel, are reasonably necessary: (i) to ensure that the record ownership of, or any beneficial interest in, the Class 38-R Certificate is not transferred, directly or indirectly, to a Disqualified Organization; and (ii) to provide for a means to compel the transfer of the Class 38-R Certificate that is held by a Disqualified Organization to a Holder that is not a Disqualified Organization.
Amendment Relating to Transfers to Disqualified Organizations. Xxxxxx Xxx and the Trustee may, without the consent of any I-REMIC Interest Holders, upon notice to the I-REMIC Interest Holder of the Residual Interest for an I-REMIC, notwithstanding any provisions hereof to the contrary, amend this Trust Agreement in such manner as Xxxxxx Xxx may direct; provided, however, that any such amendment will be limited to such matters as, in the judgment of Xxxxxx Xxx, based upon the written advice of its tax counsel, are reasonably necessary (i) to ensure that the record ownership of, or any beneficial interest in, any Residual Interest is not transferred, directly or indirectly, to a Disqualified Organization and (ii) to provide for a means to compel the transfer of any Residual Interest that is held by a Disqualified Organization to an I-REMIC Interest Holder that is not a Disqualified Organization.
Amendment Relating to Transfers to Disqualified Organizations. Xxxxxx Mae and the Trustee may, without the consent of any Holders of the Certificates, upon notice to the Holder of the Class 9-R Certificate, notwithstanding any provisions of the Trust Agreement to the contrary, amend this Issue Supplement in such manner as Xxxxxx Xxx may direct; provided, however, that any such amendment shall be limited to such matters as, in the judgment of Xxxxxx Mae, based upon the written advice of its tax counsel, are reasonably necessary: (i) to ensure that the record ownership of, or any beneficial interest in, the Class 9-R Certificate is not transferred, directly or indirectly, to a Disqualified Organization; and (ii) to provide for a means to compel the transfer of the Class 9-R Certificate that is held by a Disqualified Organization to a Holder that is not a Disqualified Organization.
Amendment Relating to Transfers to Disqualified Organizations. Xxxxxx Mae and the Trustee may, without the consent of any Holders of the Certificates, upon notice to the Holder of the Class 5-R Certificate, notwithstanding any provisions of the Trust Agreement to the contrary, amend this Issue Supplement in such manner as Xxxxxx Xxx may direct; provided, however, that any such amendment shall be limited to such matters as, in the judgment of Xxxxxx Mae, based upon the written advice of its tax counsel, are reasonably necessary: (i) to ensure that the record ownership of, or any beneficial interest in, the Class 5-R Certificate is not transferred, directly or indirectly, to a Disqualified Organization; and (ii) to provide for a means to compel the transfer of the Class 5-R Certificate that is held by a Disqualified Organization to a Holder that is not a Disqualified Organization.
Amendment Relating to Transfers to Disqualified Organizations. Xxxxxx Xxx and the Trustee may, without the consent of any Holders of the Certificates, upon notice to the Holder of the Class 30-R Certificate, notwithstanding any provisions of the Trust Agreement to the contrary, amend this Issue Supplement in such manner as Xxxxxx Mae may direct; provided, however, that any such amendment shall be limited to such matters as, in the judgment of Xxxxxx Xxx, based upon the written advice of its tax counsel, are reasonably necessary: (i) to ensure that the record ownership of, or any beneficial interest in, the Class 30-R Certificate is not transferred, directly or indirectly, to a Disqualified Organization; and (ii) to provide for a means to compel the transfer of the Class 30-R Certificate that is held by a Disqualified Organization to a Holder that is not a Disqualified Organization.
Amendment Relating to Transfers to Disqualified Organizations. Xxxxxx Xxx and the Trustee may, without the consent of any Holders of the Certificates, upon notice to the Holders of the Class R, RA and RF Certificates, notwithstanding any provisions hereof to the contrary, amend this Trust Agreement in such manner as Xxxxxx Xxx may direct; provided, however, that any such amendment shall be limited to such matters as, in the judgment of Xxxxxx Mae, based upon the written advice of its tax counsel, are reasonably necessary (i) to ensure that the record ownership of, or any beneficial interest in, any Class R, RA or RF Certificate is not transferred, directly or indirectly, to a Disqualified Organization; and (ii) to provide for a means to compel the transfer of any Class R, RA or RF Certificate which is held by a Disqualified Organization to a Holder which is not a Disqualified Organization.
Amendment Relating to Transfers to Disqualified Organizations. Xxxxxx Mae and the Trustee may, without the consent of any Holders of the Certificates, upon notice to the Holder of the Class 2-R Certificate, notwithstanding any provisions of the Trust Agreement to the contrary, amend this Issue Supplement in such manner as Xxxxxx Xxx may direct; provided, however, that any such amendment shall be limited to such matters as, in the judgment of Xxxxxx Mae, based upon the written advice of its tax counsel, are reasonably necessary: (i) to ensure that the record ownership of, or any beneficial interest in, the Class 2-R Certificate is not transferred, directly or indirectly, to a Disqualified Organization; and (ii) to provide for a means to compel the transfer of the Class 2-R Certificate that is held by a Disqualified Organization to a Holder that is not a Disqualified Organization.
Amendment Relating to Transfers to Disqualified Organizations. The Issuer and the Trustee may, without the consent of the Holders of the Certificates, upon notice to the Holders of the Class RV Certificates, notwithstanding any provisions hereof to the contrary, amend this Trust Agreement in such manner as the Issuer may direct; provided, however, that any such amendment will be limited to such matters as, in the judgment of the Issuer, based upon the written advice of its tax counsel, are reasonably necessary (i) to ensure that the record ownership of, or any beneficial interest in, any Class RV Certificate is not transferred, directly or indirectly, to a Disqualified Organization and (ii) to provide for a means to compel the transfer of any Class RV Certificate that is held by a Disqualified Organization to a Holder that is not a Disqualified Organization.
