Common use of Majority Interest Clause in Contracts

Majority Interest. Except as expressly provided in this Master Trust Agreement or in any Series Trust Supplement, any action that may be taken by the Certificateholders under this Master Trust Agreement shall be taken by Certificateholders unanimously within any Series and when more than one Series is involved then by a majority of the Series voting per capita.

Appears in 7 contracts

Sources: Master Trust Agreement (Cwabs Master Trust Series 2004-B), Master Trust Agreement (Cwabs Inc Revolving Home Eq Loan Ast Back Notes Ser 2003-D), Master Trust Agreement (Cwabs Inc Revolving Home Equity Loan Notes Series 2004-C)