Prior Notice to Owners with Respect to Certain Matters. Subject to the provisions and limitations of Section 4.04, with respect to the following matters, the Owner Trustee shall not take action unless at least 30 days before the taking of such action, the Owner Trustee shall have notified the Certificateholders in writing of the proposed action and the Owners shall not have notified the Owner Trustee in writing prior to the 30th day after such notice is given that such Owners have withheld consent or provided alternative direction:
Prior Notice to Owners with Respect to Certain Matters. The Owner Trustee shall not take action with respect to the following matters, unless (i) the Owner Trustee shall have notified the Certificateholders and the Note Insurer in writing of the proposed action at least 30 days before the taking of such action, and (ii) neither the Certificateholders nor the Note Insurer shall have notified the Owner Trustee in writing prior to the 30th day after such notice is given that such Certificateholders or the Note Insurer have withheld consent or provided alternative direction (provided that any directions by the Certificateholders shall require the prior consent of the Note Insurer):
Prior Notice to Owners with Respect to Certain Matters. Subject to the provisions and limitations of Section 4.04, with respect to the following matters, the Owner Trustee shall not take action unless at least 30 days before the taking of such action, the Owner Trustee shall have notified the Certificateholders in writing of the proposed action and the Holders of Trust Certificates evidencing at least a majority of the aggregate Certificate Percentage Interest shall not have notified the Owner Trustee in writing prior to the 30th day after such notice is given that such Holders have withheld consent or provided alternative direction and the Owner Trustee has received the prior written consent of the Insurer (prior to the Policy Expiration Date and so long as no Insurer Default shall have occurred and be continuing):
Prior Notice to Owners with Respect to Certain Matters. Subject to the provisions and limitations of Section 4.04, with respect to the following matters, the Owner Trustee shall not take any action unless at least 30 days before the taking of such action, the Owner Trustee shall have notified the Owners and the Insurer in writing of the proposed action and neither the Owners nor the Insurer shall have notified the Owner Trustee in writing prior to the thirtieth day after receipt of such notice that the Owners or the Insurer have withheld consent or provided alternative direction (any direction by the Owners shall require the written consent of the Insurer):
Prior Notice to Owners with Respect to Certain Matters. With respect to the following matters, the Owner Trustee shall not take action, and the Owners shall not direct the Owner Trustee to take any action, unless at least 30 days before the taking of such action, the Owner Trustee shall have notified the Owners and the [Securities Insurer] in writing of the proposed action and the Owners and/or the [Securities Insurer] shall not have notified the Owner Trustee in writing prior to the 30th day after such notice is given that such Owners and/or the [Securities Insurer] have withheld consent or the Owners have provided alternative direction (any direction by the Owners shall require the prior consent of the [Securities Insurer]):
Prior Notice to Owners with Respect to Certain Matters. Covenants 15 Section 4.3 Action By Owners With Respect To Certain Matters ................ 18 Section 4.4 Action By Owners With Respect To Bankruptcy ..................... 18 Section 4.5 Restrictions On Owners' Power ................................... 18 Section 4.6
Prior Notice to Owners with Respect to Certain Matters. With respect to the following matters, the Owner Trustee shall not take action unless at least 30 days before the taking of such action, the Owner Trustee shall have notified the Certificateholders, the Holder of the Voting Interest and the Note Insurer in writing of the proposed action and (i) the Note Insurer shall have consented thereto and (ii) the Holder of the Voting Interest shall not have notified the Owner Trustee in writing prior to the 30th day after such notice is given that it has withheld consent or, with the written consent of the Note Insurer, provided alternative direction: the initiation of any material claim or lawsuit by the Trust, except claims or lawsuits brought in connection with the collection of the Loans, and the compromise of any material action, claim or lawsuit brought by or against the Trust (except with respect to the aforementioned claims or lawsuits for collection of the Loans); the election by the Trust to file an amendment to the Certificate of Trust (unless such amendment is required to be filed under the Business Trust Statute); the amendment of any Basic Document; the appointment pursuant to the Indenture of a successor Note Registrar, Paying Agent or Indenture Trustee or, pursuant to this Agreement, of a successor Certificate Registrar or Certificate Paying Agent or the consent to the assignment by the Note Registrar, Paying Agent, Indenture Trustee, Certificate Registrar or Certificate Paying Agent of its obligations under the Indenture or this Agreement, as applicable; the consent to the calling or waiver of any default under any Basic Document; the consent to the assignment by the Indenture Trustee or Servicer of their respective obligations under any Basic Document; except as provided in Article IX hereof, dissolve, terminate or liquidate the Trust in whole or in part; merge or consolidate the Trust with or into any other entity, or convey or transfer all or substantially all of the Trust's assets to any other entity; cause the Trust to incur, assume or guaranty any indebtedness other than as set forth in the Basic Documents; perform any act that conflicts with any other Basic Document; perform any act which would make it impossible to carry on the ordinary business of the Trust as described in Section 2.3 hereof;
