Examples of Underlying Trust in a sentence
In the event that there will be any matter arising under any Underlying Trust Agreement that requires or permits the vote of holders of certificates outstanding thereunder, the Trustee, as the holder of the related Pooled Securities, will not vote such Pooled Securities except upon direction to do so (which direction must not be inconsistent) from Holders representing at least 51% of the Voting Rights of the related Issue.
In the event that there shall be any matter arising under any Underlying Trust Agreement which requires or permits the vote of holders of certificates outstanding thereunder, the Trustee as the holder of the related Underlying REMIC Certificate shall vote such Underlying REMIC Certificate in accordance with instructions received from Holders of the related Classes having Certificate Balances aggregating not less than 51% of the aggregate of the Certificate Balances of such Classes.
The plan shall provide for the actions required to be taken to effectuate such liquidation pursuant to this Agreement and the related Underlying Trust Agreement.
Class: A REMIC Class, a MACR Class and/or any other class of securities issued under this Agreement, as the context requires; or, if the context so requires, a Call Class or Callable Class issued under an Underlying Trust Agreement.
In the event that any matter arises under any Underlying Trust Agreement that requires or permits the vote of holders of certificates outstanding thereunder, the Trustee, as the holder of the related Mortgage-Backed Security, will not vote such Mortgage-Backed Security except upon direction to do so (which direction must not be inconsistent) from Holders of the affected Classes representing at least 51% of the Voting Rights of such Classes.