Approval of Initial Transfer and Admission. Notwithstanding anything in this Agreement or the Act to the contrary, the Members hereby consent to the Initial Transfer and Admission and acknowledge that by reason thereof the Trust shall be the sole Class A Member.
Appears in 3 contracts
Sources: Operating Agreement (Residential Funding Mortgage Securities Ii Inc), Operating Agreement (Residential Funding Mortgage Securities Ii Inc), Operating Agreement (Residential Funding Mortgage Securities Ii Inc)