Action by Owners with Respect to Bankruptcy. The Owner ------------------------------------------- Trustee shall not have the power to commence a voluntary Bankruptcy Action relating to the Trust unless the conditions specified in Section 4.1(d) are -------------- satisfied and the Trust is insolvent.
Appears in 2 contracts
Samples: Owner Trust Agreement (Southpoint Residential Mortgage Securities Corp), Owner Trust Agreement (National Mortgage Securities Corp)
Action by Owners with Respect to Bankruptcy. The Owner ------------------------------------------- Trustee shall not have the power to commence a voluntary Bankruptcy Action relating to the Trust unless the conditions specified in Section 4.1(d4.1 (d) are -------------- satisfied and the Trust is insolventsatisfied.
Appears in 1 contract
Action by Owners with Respect to Bankruptcy. The Owner ------------------------------------------- Trustee shall not have the power to commence a voluntary Bankruptcy Action relating to the Trust unless the conditions specified in Section 4.1(d) are -------------- satisfied and the Trust is insolventsatisfied.
Appears in 1 contract
Samples: Owner Trust Agreement (Painewebber Mort Accept Corp Iv Ditech Home Loan Ownr 1998-1)
Action by Owners with Respect to Bankruptcy. The Owner ------------------------------------------- Trustee shall not have the power to commence a voluntary Bankruptcy Action relating to the Trust unless the conditions specified in Section 4.1(d) are -------------- satisfied and the Trust is insolvent.
Appears in 1 contract
Samples: Owner Trust Agreement (Fremont Mortgage Securities Corp)
