Common use of Default Provisions and Remedies of Trustee and Bondholders Clause in Contracts

Default Provisions and Remedies of Trustee and Bondholders. Section 6.01. Events of Default 58 Section 6.02. Acceleration; Other Remedies Upon Event of Default 58 Section 6.03. Rights of Bondholders 60 Section 6.04. Waiver by Issuer 61 Section 6.05. Application of Money After Default 61 Section 6.06. Rights of the Credit Facility Provider 62 Section 6.07. Remedies Vested in Trustee 62 Section 6.08. Remedies of Bondholders 63 Section 6.09. Termination of Proceedings 63 Section 6.10. Waivers of Events of Default 63 Section 6.11. Notice to Bondholders if Default Occurs 64 ARTICLE VII CONCERNING THE TRUSTEE Section 7.01. Standard of Care 65 Section 7.02. Reliance Upon Documents 65 Section 7.03. Use of Proceeds 68 Section 7.04. Trustee May Hold Bonds 68 Section 7.05. Trust Imposed 68 Section 7.06. Compensation of Trustee 68 Section 7.07. Qualifications of Trustee 69 Section 7.08. Merger of Trustee 69 Section 7.09. Resignation by the Trustee 70 Section 7.10. Removal of the Trustee 70 Section 7.11. Appointment of Successor Trustee 70 Section 7.12. Concerning Any Successor Trustee 71 Section 7.13. Successor Trustee as Trustee, Paying Agent and Bond ▇▇▇▇▇▇▇▇▇ ▇▇ Section 7.14. Appointment of Co-Trustee or Separate Trustee 71 Section 7.15. Notice of Certain Events 73 Section 7.16. Record of Freddie Mac Credit Enhancement Payments and Freddie Mac Reimbursement Amounts 73 Section 7.17. Filing of Financing Statements 73 Section 7.18. USA Patriot Act Requirements of the Trustee 73

Default Provisions and Remedies of Trustee and Bondholders. Section 6.018.01. Events of Default 58 52 Section 6.028.02. Acceleration; Rescission of Acceleration 52 Section 8.03. Other Remedies Upon Event of Default 58 Section 6.03. Remedies; Rights of Bondholders 60 54 Section 6.048.04. Waiver Representation of Bondholders by Issuer 61 Trustee 55 Section 6.058.05. Action by Trustee 56 Section 8.06. Accounting and Examination of Records After Default 56 Section 8.07. Restriction on Bondholder Action 56 Section 8.08. Application of Money Moneys After Default 61 57 Section 6.068.09. Rights of the Credit Facility Provider 62 Section 6.07. Remedies Vested in Trustee 62 Section 6.08. Remedies of Bondholders 63 Section 6.09. Termination Control of Proceedings 63 58 Section 6.108.10. Waivers of Events of Default 58 Section 8.11. Subordination 59 Section 8.12. Termination of Proceedings 59 Section 8.13. No Interference or Impairment of MBS 59 ARTICLE IX THE TRUSTEE AND THE REMARKETING AGENT Section 9.01. Acceptance of the Trusts 59 Section 9.02. Fees, Charges and Expenses of Trustee 62 Section 9.03. Intervention by Trustee 63 Section 6.119.04. Notice to Bondholders if Default Occurs 64 ARTICLE VII CONCERNING THE TRUSTEE Section 7.01. Standard of Care 65 Section 7.02. Reliance Upon Documents 65 Section 7.03. Use of Proceeds 68 Section 7.04. Trustee May Hold Bonds 68 Section 7.05. Trust Imposed 68 Section 7.06. Compensation Merger or Consolidation of Trustee 68 63 Section 7.07. Qualifications of Trustee 69 Section 7.08. Merger of Trustee 69 Section 7.099.05. Resignation by the Trustee 70 63 Section 7.109.06. Removal of the Trustee 70 63 Section 7.119.07. Appointment of Successor Trustee 70 64 Section 7.129.08. Concerning Any Transfer of Rights and Property to Successor Trustee 71 64 Section 7.139.09. Successor Trustee as TrusteeBond Registrar, Custodian of Funds and Paying Agent and Bond ▇▇▇▇▇▇▇▇▇ ▇▇ 65 Section 7.149.10. Appointment Collection of Co-Trustee or Separate Trustee 71 MBS Payments 65 Section 7.159.11. Notice Requests from Rating Agency 65 Section 9.12. Arbitrage Covenants 65 Section 9.13. Compliance of Certain Events 73 Borrower Under Regulatory Agreement 67 Section 7.169.14. Record Concerning the Remarketing Agent 67 Section 9.15. Qualification of Freddie Mac Credit Enhancement Payments and Freddie Mac Reimbursement Amounts 73 Section 7.17. Filing of Financing Statements 73 Section 7.18. USA Patriot Act Requirements of the Trustee 73Remarketing Agent 68

Default Provisions and Remedies of Trustee and Bondholders. Section 6.01. 6.01 Events of Default 58 71 Section 6.02. 6.02 Acceleration; Other Remedies Upon Event of Default 58 71 Section 6.03. 6.03 Rights of Bondholders 60 74 Section 6.04. 6.04 Waiver by Issuer 61 74 Section 6.05. 6.05 Application of Money Moneys After Default 61 74 Section 6.06. 6.06 Rights of the Credit Facility Provider 62 76 Section 6.07. 6.07 Remedies Vested in Trustee 62 76 Section 6.08. 6.08 Remedies of Bondholders 63 76 Section 6.09. 6.09 Termination of Proceedings 63 77 Section 6.10. 6.10 Waivers of Events of Default 63 77 Section 6.11. 6.11 Notice to Bondholders if Default Occurs 64 78 ARTICLE VII CONCERNING THE TRUSTEE Section 7.01. 7.01 Standard of Care 65 Care. 79 Section 7.02. 7.02 Reliance Upon Documents 65 Documents. 80 Section 7.03. 7.03 Use of Proceeds 68 83 Section 7.04. 7.04 Trustee May Hold Bonds 68 83 Section 7.05. 7.05 Trust Imposed 68 83 Section 7.06. 7.06 Compensation of Trustee 68 83 Section 7.07. Qualifications 7.07 Maintenance of Office 84 Section 7.08 Successor Trustee 69 84 Section 7.08. Merger of Trustee 69 Section 7.09. 7.09 Resignation by the Trustee 70 84 Section 7.10. 7.10 Removal of the Trustee 70 85 Section 7.11. 7.11 Appointment of Successor Trustee 70 85 Section 7.12. 7.12 Concerning Any Successor Trustee 71 85 Section 7.13. 7.13 Successor Trustee as Trustee, Paying Agent and Bond ▇▇▇▇▇▇▇▇▇ ▇▇ Section 7.14. Appointment of 7.14 Servicing the Bond Mortgage Loan 86 Section 7.15 Co-Trustee or Separate Trustee 71 86 Section 7.15. Notice 7.16 Compliance of Certain Events 73 Borrower Under Regulatory Agreement 88 Section 7.16. 7.17 Record of Freddie Mac Credit Enhancement Payments Advances and Freddie ▇▇▇▇▇▇▇ Mac Reimbursement Amounts 73 88 Section 7.17. 7.18 Filing of Financing Statements 73 Section 7.18. USA Patriot Act Requirements of the Trustee 7389