Action by Certificateholders Regarding Certain Matters. Except when directed by the Certificateholders and with the prior written consent of the Credit Enhancer in the case of (a), (b), or (c) below, the Owner Trustee may not (a) remove the Administrator pursuant to Section 7(c) of the Administration Agreement, (b) appoint a successor Administrator pursuant to Section 7(e) of the Administration Agreement, (c) remove the Master Servicer under the Sale and Servicing Agreement, or (d) except as expressly provided in the Indenture, sell Assets after the termination of the Indenture.
Appears in 45 contracts
Sources: Trust Agreement (CWHEQ Revolving Home Equity Loan Trust, Series 2007-E), Trust Agreement (CWHEQ Revolving Home Equity Loan Trust, Series 2007-D), Trust Agreement (CWHEQ Revolving Home Equity Loan Trust, Series 2006-H)
Action by Certificateholders Regarding Certain Matters. Except when directed by the Certificateholders and with the prior written consent of the Credit Enhancer in the case of (a), (b), or (c) below, the Owner Trustee may not (a) remove the Administrator pursuant to Section 7(c) of the Administration Agreement, (b) appoint a successor Administrator pursuant to Section 7(e) of the Administration Agreement, (c) remove the Master Servicer under the Sale and Servicing Agreement, or (d) except as expressly provided in the Indenture, sell Series Assets after the termination of the Indenture.
Appears in 7 contracts
Sources: Master Trust Agreement (Cwabs Master Trust Series 2004-B), Master Trust Agreement (Cwabs Inc Revolving Home Eq Loan Ast Back Notes Ser 2003-D), Master Trust Agreement (Cwabs Inc Revolving Home Equity Loan Notes Series 2004-C)
Action by Certificateholders Regarding Certain Matters. Except when directed by the Certificateholders and with the prior written consent of the Credit Enhancer in the case of (a), (b), or (c) below, the Owner Trustee may not (a) remove the Administrator pursuant to Section 7(c) of the Administration Agreement, (b) appoint b)appoint a successor Administrator pursuant to Section 7(e) of the Administration Agreement, (c) remove c)remove the Master Servicer under the Sale and Servicing Agreement, or (d) except d)except as expressly provided in the Indenture, sell Assets after the termination of the Indenture.
Appears in 1 contract
Sources: Trust Agreement (CWABS Revolving Home Equity Loan Trust, Series 2004-F)