Common use of ADMINISTRATION OF THE UNDERLYING CERTIFICATES; PAYMENTS AND REPORTS TO CERTIFICATEHOLDERS Clause in Contracts

ADMINISTRATION OF THE UNDERLYING CERTIFICATES; PAYMENTS AND REPORTS TO CERTIFICATEHOLDERS. Section 3.01. Administration of the Trust Fund and the Underlying Certificates. If at any time the Trustee, as an Underlying Certificateholder, is requested in such capacity to take any action or to give any consent, approval or waiver, including without limitation in connection with an amendment of the related Underlying Agreement or if an Underlying Event of Default occurs under the related Underlying Agreement, the Trustee, in its capacity as an Underlying Certificateholder, may take such action in connection with the enforcement of any rights and remedies available to it in such capacity with respect thereto, but only in accordance with the written directions of Holders of Certificates entitled to at least [___%] of the Voting Rights. [The Trustee shall promptly notify all of the Certificateholders in writing of any such request.]

ADMINISTRATION OF THE UNDERLYING CERTIFICATES; PAYMENTS AND REPORTS TO CERTIFICATEHOLDERS. Section 3.01. Administration of the Trust Fund and the Underlying Certificates. If at any time the Trustee, as an Underlying Certificateholder, is requested in such capacity to take any action or to give any consent, approval or waiver, including without limitation in connection with an amendment of the related Underlying Agreement or if an Underlying Event of Default occurs under the related Underlying Agreement, the Trustee, in its capacity as an Underlying Certificateholder, may take such action in connection with the enforcement of any rights and remedies available to it in such capacity with respect thereto, but only in accordance with the written directions of Holders of Certificates entitled to at least [___%] 51% of the Voting Rights. [The Trustee shall promptly notify all of the Certificateholders in writing of any such request.]