Voting Rights and Other Actions. 10 SECTION 4.1. Prior Notice to Holder with Respect to Certain Matters....10 SECTION 4.2. Action by Certificateholder with Respect to Certain Matters...................................................11 SECTION 4.3. Restrictions on Certificateholder's Power.................11 SECTION 4.4. Rights of Security Insurer................................12
Voting Rights and Other Actions. 12 SECTION 4.1. Prior Notice to Holder with Respect to Certain Matters 12 SECTION 4.2. Action by Certificateholder with Respect to Certain Matters 13 SECTION 4.3. Restrictions on Certificateholder’s Power 13 SECTION 4.4. [Reserved] 14 SECTION 4.5. Action with Respect to Bankruptcy Action 14 SECTION 4.6. Covenants and Restrictions on Conduct of Business 15 ARTICLE V. AUTHORITY AND DUTIES OF OWNER TRUSTEE 16 SECTION 5.1. General Authority 16 SECTION 5.2. General Duties 17 SECTION 5.3. Action upon Instruction 17 SECTION 5.4. No Duties Except as Specified in this Agreement or in Instructions 18 SECTION 5.5. No Action Except under Specified Documents or Instructions 18 SECTION 5.6. Restrictions 18 SECTION 5.7. Covenants for Reporting of Repurchase Demands due to Breaches of Representations and Warranties 19 ARTICLE VI. CONCERNING THE OWNER TRUSTEE 19 SECTION 6.1. Acceptance of Trusts and Duties 19 SECTION 6.2. Furnishing of Documents 20 SECTION 6.3. Representations and Warranties 21 SECTION 6.4. Reliance; Advice of Counsel 21 SECTION 6.5. Not Acting in Individual Capacity 22 SECTION 6.6. Owner Trustee Not Liable for Certificate or Receivables 22 SECTION 6.7. Owner Trustee May Own Notes 23 SECTION 6.8. Payments from Owner Trust Estate 23 SECTION 6.9. Doing Business in Other Jurisdictions 23 SECTION 6.10. FATCA Information 23 ARTICLE VII. COMPENSATION OF OWNER TRUSTEE 24 SECTION 7.1. Owner Trustee’s Fees and Expenses 24 SECTION 7.2. Indemnification 24 SECTION 7.3. Payments to the Owner Trustee 24 SECTION 7.4. Non-recourse Obligations 24 ARTICLE VIII. TERMINATION OF TRUST AGREEMENT 25 SECTION 8.1. Termination of Trust Agreement 25 ARTICLE IX. SUCCESSOR OWNER TRUSTEES AND ADDITIONAL OWNER TRUSTEES 26 SECTION 9.1. Eligibility Requirements for Owner Trustee 26 SECTION 9.2. Resignation or Removal of Owner Trustee 26 SECTION 9.3. Successor Owner Trustee 27 SECTION 9.4. Merger or Consolidation of Owner Trustee 27 SECTION 9.5. Appointment of Co-Trustee or Separate Trustee 28 ARTICLE X. MISCELLANEOUS 29 SECTION 10.1. Supplements and Amendments. 29 SECTION 10.2. No Legal Title to Owner Trust Estate in Certificateholder 30 SECTION 10.3. Limitations on Rights of Others 30 SECTION 10.4. Notices 30 SECTION 10.5. Severability 31 SECTION 10.6. Separate Counterparts 31 SECTION 10.7. Assignments 31 SECTION 10.8. No Recourse 31 SECTION 10.9. Headings 31 SECTION 10.10. GOVERNING LAW 31 SECTION 10.11. Servicer 32 SECTION 10.12. Nonpetition Covenants 32 SECTION 10.13. Regulation AB 32...
Voting Rights and Other Actions. SECTION 4.1. Prior Notice to Holder 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 Holding Trust Certificateholder in writing of the proposed action and the Holding Trust Certificateholder shall not have notified the Owner Trustee in writing prior to the 30th day after such notice is given that the Holding Trust Certificateholder has withheld consent or provided alternative direction:
Voting Rights and Other Actions. 13 SECTION 4.1. Prior Notice to Holder with Respect to Certain Matters 13 SECTION 4.2. Action by Certificateholder with Respect to Certain Matters 13 SECTION 4.3. Restrictions on Certificateholder’s Power 14 SECTION 4.4. [Reserved] 14 SECTION 4.5. Action with Respect to Bankruptcy Action 14 SECTION 4.6. Covenants and Restrictions on Conduct of Business 15
Voting Rights and Other Actions. Section 4.1. Prior Notice to Holders with Respect to Certain Matters Section 4.2. Action by Certificateholders with Respect to Certain Matters Section 4.3. Action by Certificateholders with Respect to Bankruptcy Section 4.4. Restrictions on Certificateholders’ Power
Voting Rights and Other Actions. 11 SECTION 4.1. Prior Notice to Holder with Respect to Certain Matters 11 SECTION 4.2. Action by Certificateholder with Respect to Certain Matters 11 SECTION 4.3. Restrictions on Certificateholder’s Power 11 SECTION 4.4. Rights of Security Insurer 12 SECTION 4.5. Action with Respect to Bankruptcy Action 12 SECTION 4.6. Covenants and Restrictions on Conduct of Business 13 ARTICLE V. AUTHORITY AND DUTIES OF OWNER TRUSTEE 14 SECTION 5.1. General Authority 14 SECTION 5.2. General Duties 15 SECTION 5.3. Action upon Instruction 15 SECTION 5.4. No Duties Except as Specified in this Agreement or in Instructions 16
Voting Rights and Other Actions. Section 4.1. PRIOR NOTICE TO HOLDERS 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 in writing of the proposed action and Certificateholders holding, in the aggregate, greater than 50% of the Percentage Interests (a "Certificate Majority") shall not have notified the Owner Trustee in writing prior to the 30th day after such notice is given that such Certificateholders have withheld consent or provided alternative direction:
Voting Rights and Other Actions. 13 SECTION 5.1. Prior Notice with Respect to Certain Matters..............13
Voting Rights and Other Actions. 24 Section 4.1 Prior Notice to Holders with Respect to Certain Matters 24 Section 4.2 Action by Certificateholders with Respect to Certain Matters 27 Section 4.3 Action by Certificateholders with Respect to Bankruptcy 28 Section 4.4 Restrictions on Certificateholders’ Power 28 Section 4.5 Majority Control 28 Section 4.6 Rights of the Noteholders 29 Article V Certain Duties 29 TABLE OF CONTENTS (continued) Page Section 5.1 Accounting and Records to the Certificateholders, the Internal Revenue Service and Others 29 Section 5.2 Signature on Returns; Partnership Representative 29 Article VI Authority and Duties of Owner Trustee 30 Section 6.1 General Authority 30 Section 6.2 General Duties 30
Voting Rights and Other Actions. SECTION 4.1 Prior Notice to Holders with Respect to Certain Matters...................... 13
