Common use of Auction Process Clause in Contracts

Auction Process. (a) The Advisor, any underwriter, or any Certificate Owner will be allowed to bid in the Auction, but will not be required to do so.

Appears in 17 contracts

Samples: Pooling and Servicing Agreement (Greenpoint Credit LLC), Pooling and Servicing Agreement (Greenpoint Credit LLC), Pooling and Servicing Agreement (Greenpoint Credit Corp)

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Auction Process. (a) The Advisor, any underwriter, the Certificate Insurer or any Certificate Owner will be allowed to bid in the Auction, but will not be required to do so.

Appears in 6 contracts

Samples: Pooling and Servicing Agreement (Block Mortgage Finance Asset Backed Certificates Ser 1997-2), Pooling and Servicing Agreement (Block Mortgage Finance Inc), Pooling and Servicing Agreement (Block Mortgage Finance Asset Backed Certificates Ser 1998-1)

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Auction Process. (a) The Advisor, any underwriter, or any Certificate Owner will be allowed to bid in the Auction, but will not be required to do so.

Appears in 1 contract

Samples: Pooling and Servicing Agreement (Block Mortgage Finance Inc)

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