Common use of Control by the Controlling Party Clause in Contracts

Control by the Controlling Party. The Indenture Trustee shall comply with notices and instructions given by the Issuer only if accompanied by the written consent of the Controlling Party. The Indenture Trustee shall act upon and comply with notices and instructions given by the Controlling Party alone.

Appears in 3 contracts

Sources: Indenture (Sequoia HELOC Trust 2004-1), Indenture (Greenpoint Mortgage Securities Inc/), Indenture (Sequoia Residential Funding Inc)

Control by the Controlling Party. The Indenture Trustee shall comply with notices and instructions given by the Issuer Trust or the Noteholders only if accompanied by the written consent of the Controlling Party. The Indenture Trustee shall act upon and comply with notices and instructions given by the Controlling Party alone.

Appears in 2 contracts

Sources: Indenture (Advanta Revolving Home Equity Loan Trust 2000 A), Indenture (Advanta Conduit Receivables Inc)

Control by the Controlling Party. The Indenture Trustee shall -------------------------------- comply with notices and instructions given by the Issuer Trust or the Noteholders only if accompanied by the written consent of the Controlling Party. The Indenture Trustee shall act upon and comply with notices and instructions given by the Controlling Party alone.

Appears in 1 contract

Sources: Indenture (J P Morgan Acceptance Corp I)