Common use of ADMINISTRATION OF THE POOLED SECURITIES Clause in Contracts

ADMINISTRATION OF THE POOLED SECURITIES. Section 3.1 Administration of the Trust and the Pooled Securities. If at any time the Trustee, as a holder of a Pooled Security, is requested in such capacity, whether by a Certificateholder, a holder of a certificate of the related Underlying Series or a party to the related Underlying Agreement or any other Person, to take any action or to give any consent, approval or waiver, including without limitation in connection with the servicing and administration of Acquired Mortgage Assets, an amendment of any related Underlying Agreement or the occurrence of an Underlying Event of Default, the Trustee shall promptly notify the Depositor and all Certificateholders of such request and shall, in its capacity as a holder of the Pooled Securities, take such action in connection with the exercise and/or enforcement of any rights and/or remedies available to it in such capacity with respect to such request as shall be directed in writing by the Holders of Certificates having a Percentage Interest aggregating not less than 51% of the Trust Fund. The Trustee shall promptly furnish to the Depositor and, upon the written request and at the expense of a Certificateholder, will make available to each Certificateholder, all notices, statements, reports or other information that it receives as holder of the Pooled Securities, including without limitation information regarding the Underlying Mortgage Loans and any Acquired Mortgage Assets.

ADMINISTRATION OF THE POOLED SECURITIES. Section 3.1 3.1. Administration of the Trust and the Pooled Securities. If at any time the Trustee, as a holder of a Pooled Security, is requested in such capacity, whether by a Certificateholder, a holder of a certificate of the related Underlying Series or a party to the related Underlying Agreement or any other Person, to take any action or to give any consent, approval or waiver, including without limitation in connection with the servicing and administration of Acquired Mortgage Assets, an amendment of any related Underlying Agreement or the occurrence of an Underlying Event of Default, the Trustee shall promptly notify the Depositor and all Certificateholders of such request and shall, in its capacity as a holder of the Pooled Securities, take such action in connection with the exercise and/or enforcement of any rights and/or remedies available to it in such capacity with respect to such request as shall be directed in writing by the Holders of Certificates having a Percentage Interest aggregating not less than 51% of the Trust Fund. The Trustee shall promptly furnish to the Depositor and, upon the written request and at the expense of a Certificateholder, will make available to each Certificateholder, all notices, statements, reports or other information that it receives as holder of the Pooled Securities, including without limitation information regarding the Underlying Mortgage Loans and any Acquired Mortgage Assets.