Common use of Permissible Without Action by Certificateholders Clause in Contracts

Permissible Without Action by Certificateholders. ▇▇▇▇▇▇ ▇▇▇, from time to time and at any time, may, without the consent of or notice (other than in the case of any instrument supplemental thereto pursuant to clause (b) below) to any Holder of a Certificate, enter into an agreement or other instrument supplemental hereto and which thereafter shall form a part hereof, for any one or more of the following purposes: (a) to add to the covenants of ▇▇▇▇▇▇ Mae herein; (b) to evidence the succession pursuant to Article VII of another successor or successors to ▇▇▇▇▇▇ ▇▇▇ and the assumption by such successor or successors of the obligations of ▇▇▇▇▇▇ Mae hereunder in its corporate capacity or in its capacity as Trustee or in both such capacities; (c) to eliminate any right reserved to or conferred upon ▇▇▇▇▇▇ ▇▇▇ in its corporate capacity; or (d) to take such action to cure any ambiguity or correct or add to any provision in this Trust Agreement as ▇▇▇▇▇▇ Mae may deem necessary or desirable, provided that in the case of an addition to any provision herein, such action shall not have a materially adverse effect on the Certificateholders.

Appears in 2 contracts

Sources: Trust Agreement, Trust Agreement

Permissible Without Action by Certificateholders. ▇▇▇▇▇▇ ▇▇▇, from time to time and at any time, may, without the consent of or notice (other than in the case of any instrument supplemental thereto pursuant to clause (b) below) to any Holder of a Certificate, enter into an agreement or other instrument supplemental Circular hereto and which thereafter shall form a part hereof, for any one or more of the following purposes: (a) to add to the covenants of ▇▇▇▇▇▇ Mae herein; (b) to evidence the succession pursuant to Article VII of another successor or successors to ▇▇▇▇▇▇ ▇▇▇ and the assumption by such successor or successors of the obligations of ▇▇▇▇▇▇ Mae hereunder in its corporate capacity or in its capacity as Trustee or in both such capacities; (c) to eliminate any right reserved to or conferred upon ▇▇▇▇▇▇ ▇▇▇ in its corporate capacity; or (d) to take such action to cure any ambiguity or correct or add to any provision in this Trust Agreement as ▇▇▇▇▇▇ Mae may deem necessary or desirable, provided that in the case of an addition to any provision herein, such action (i) shall not have a materially adverse effect on the CertificateholdersCertificateholders or (ii) adversely affect the status of the Trust as a grantor trust under the Code.

Appears in 2 contracts

Sources: Trust Agreement, Trust Agreement

Permissible Without Action by Certificateholders. ▇▇▇▇▇▇ ▇▇▇, from time to time and at any time, may, without the consent of or notice (other than in the case of any instrument supplemental thereto hereto pursuant to clause (b) below) to any Holder of a Certificate, enter into an agreement or other instrument supplemental hereto and which thereafter shall form a part hereof, for any one or more of the following purposes: (a) to add to the covenants of ▇▇▇▇▇▇ Mae herein; (b) to evidence the succession pursuant to Article VII VIII of another successor or successors to ▇▇▇▇▇▇ ▇▇▇ and the assumption by such successor or successors of the obligations of ▇▇▇▇▇▇ Mae hereunder in its corporate capacity or in its capacity as Trustee or in both such capacities; (c) to eliminate any right reserved to or conferred upon ▇▇▇▇▇▇ ▇▇▇ in its corporate capacity; or (d) to take such action to cure any ambiguity or correct or add to any provision in this Trust Agreement as ▇▇▇▇▇▇ Mae may deem necessary or desirable, provided that in the case of an addition to any provision herein, such action shall not (i) have a materially adverse effect on the CertificateholdersCertificateholders or (ii) adversely affect the status of the Trust as a grantor trust under the Code.

Appears in 2 contracts

Sources: Trust Agreement, Trust Agreement

Permissible Without Action by Certificateholders. ▇▇▇▇▇▇ ▇▇▇, from time to time and at any time, may, without the consent of or notice (other than in the case of any instrument supplemental thereto pursuant to clause (b) below) to any Holder of a Certificate, enter into an agreement or other instrument supplemental hereto and which thereafter shall form a part hereof, for any one or more of the following purposes: (a) to add to the covenants of ▇▇▇▇▇▇ Mae herein; (b) to evidence the succession pursuant to Article VII VI of another successor or successors to ▇▇▇▇▇▇ ▇▇▇ and the assumption by such successor or successors of the obligations of ▇▇▇▇▇▇ Mae hereunder in its corporate capacity or in its capacity as Trustee or in both such capacities; (c) to eliminate any right reserved to or conferred upon ▇▇▇▇▇▇ ▇▇▇ in its corporate capacity; or (d) to take such action to cure any ambiguity or correct or add to supplement any provision in this Trust Agreement as ▇▇▇▇▇▇ Mae may deem necessary or desirable, provided that in the case of an addition to any provision herein, such action shall not have a materially adverse effect on the Certificateholders.

Appears in 1 contract

Sources: Trust Agreement

Permissible Without Action by Certificateholders. ▇▇▇▇▇▇ ▇▇▇Mae and the Trustee, from time to time and at any time, may, without the consent of or notice (other than in the case of any instrument supplemental thereto hereto pursuant to clause (b) below) to any Holder of a Certificate, enter into an agreement or other instrument supplemental hereto and which thereafter shall form a part hereof, for any one or more of the following purposes: (a) to add to the covenants of ▇▇▇▇▇▇ Mae herein▇▇▇; (b) to evidence the succession pursuant to Article VII of another successor Person or successors Persons to ▇▇▇▇▇▇ ▇▇▇ Mae and the assumption by such successor or successors of the obligations of ▇▇▇▇▇▇ Mae ▇▇▇ hereunder in its corporate capacity or in its capacity as Trustee or in both such capacities; (c) to eliminate any right reserved to or conferred upon ▇▇▇▇▇▇ ▇▇▇ Mae in its corporate capacity; or (d) to take such action to cure any ambiguity or correct or add to supplement any provision in this Trust Agreement as ▇▇▇▇▇▇ Mae ▇▇▇ may deem ▇▇▇▇ necessary or desirable, provided that in the case of an addition to any provision herein, such action shall not have a materially adverse effect on the Certificateholders.

Appears in 1 contract

Sources: Trust Agreement

Permissible Without Action by Certificateholders. ▇▇▇▇▇▇ ▇▇▇ and the Trustee, from time to time and at any time, may, without the consent of or notice (other than in the case of any instrument supplemental thereto hereto pursuant to clause (b) below) to any Holder of a Certificate, enter into an agreement or other instrument supplemental hereto and which thereafter shall form a part hereof, for any one or more of the following purposes: (a) to add to the covenants of ▇▇▇▇▇▇ Mae hereinMae; (b) to evidence the succession pursuant to Article VII of another successor Person or successors Persons to ▇▇▇▇▇▇ ▇▇▇ and the assumption by such successor or successors of the obligations of ▇▇▇▇▇▇ Mae hereunder in its corporate capacity or in its capacity as Trustee or in both such capacities; (c) to eliminate any right reserved to or conferred upon ▇▇▇▇▇▇ ▇▇▇ in its corporate capacity; or (d) to take such action to cure any ambiguity or correct or add to supplement any provision in this Trust Agreement as ▇▇▇▇▇▇ Mae may deem necessary or desirable, provided that in the case of an addition to any provision herein, such action shall not have a materially adverse effect on the Certificateholders.

Appears in 1 contract

Sources: Trust Agreement

Permissible Without Action by Certificateholders. ▇▇▇▇▇▇ ▇▇▇Mae, from time to time and at any time, may, without the consent of or notice (other than in the case of any instrument supplemental thereto hereto pursuant to clause (b) below) to any Holder of a Certificate, enter into an agreement or other instrument supplemental hereto and which thereafter shall form a part hereof, for any one or more of the following purposes: (a) to add to the covenants of ▇▇▇▇▇▇ Mae ▇▇▇ herein; (b) to evidence the succession pursuant to Article VII VIII of another successor or successors to ▇▇▇▇▇▇ ▇▇▇ Mae and the assumption by such successor or successors of the obligations of ▇▇▇▇▇▇ Mae ▇▇▇ hereunder in its corporate capacity or in its capacity as Trustee or in both such capacities; (c) to eliminate any right reserved to or conferred upon ▇▇▇▇▇▇ ▇▇▇ Mae in its corporate capacity; or (d) to take such action to cure any ambiguity or correct or add to any provision in this Trust Agreement as ▇▇▇▇▇▇ Mae ▇▇▇ may deem ▇▇▇▇ necessary or desirable, provided that in the case of an addition to any provision herein, such action shall not (i) have a materially adverse effect on the CertificateholdersCertificateholders or (ii) adversely affect the status of the Trust as a grantor trust under the Code.

Appears in 1 contract

Sources: Trust Agreement

Permissible Without Action by Certificateholders. ▇▇▇▇▇▇ ▇▇▇Mae, from time to time and at any time, may, without the consent of or notice (other than in the case of any instrument supplemental thereto pursuant to clause (b) below) to any Holder of a Certificate, enter into an agreement or other instrument supplemental hereto and which thereafter shall form a part hereof, for any one or more of the following purposes: (a) to add to the covenants of ▇▇▇▇▇▇ Mae ▇▇▇ herein; (b) to evidence the succession pursuant to Article VII of another successor or successors to ▇▇▇▇▇▇ ▇▇▇ Mae and the assumption by such successor or successors of the obligations of ▇▇▇▇▇▇ Mae ▇▇▇ hereunder in its corporate capacity or in its capacity as Trustee or in both such capacities; (c) to eliminate any right reserved to or conferred upon on ▇▇▇▇▇▇ ▇▇▇ Mae in its corporate capacity; or (d) to take such action to cure any ambiguity or correct or add to any provision in this Trust Agreement as ▇▇▇▇▇▇ Mae ▇▇▇ may deem ▇▇▇▇ necessary or desirable, provided that in the case of an addition to any provision herein, such action shall not have a materially adverse effect on the Certificateholders.

Appears in 1 contract

Sources: Trust Agreement

Permissible Without Action by Certificateholders. ▇▇▇▇▇▇ ▇▇▇, from time to time and at any time, may, without the consent of or notice (other than in the case of any instrument supplemental thereto pursuant to clause (b) below) to any Holder of a Certificate, enter into an agreement or other instrument supplemental hereto and which thereafter shall form a part hereof, for any one or more of the following purposes: (a) to add to the covenants of ▇▇▇▇▇▇ Mae herein; (b) to evidence the succession pursuant to Article VII of another successor or successors to ▇▇▇▇▇▇ ▇▇▇ and the assumption by such successor or successors of the obligations of ▇▇▇▇▇▇ Mae hereunder in its corporate capacity or in its capacity as Trustee or in both such capacities; (c) to eliminate any right reserved to or conferred upon ▇▇▇▇▇▇ ▇▇▇ in its corporate capacity; or (d) to take such action to cure any ambiguity or correct or add to any provision in this Trust Agreement as ▇▇▇▇▇▇ Mae may deem necessary or desirable, provided that in the case of an addition to any provision herein, such action (i) shall not have a materially material or adverse effect on the CertificateholdersCertificateholders or (ii) adversely affect the status of the Trust as a grantor trust under the Code.

Appears in 1 contract

Sources: Trust Agreement

Permissible Without Action by Certificateholders. ▇▇▇▇▇▇ ▇▇▇, from time to time and at any time, may, without the consent of or notice (other than in the case of any instrument supplemental thereto pursuant to clause (b) below) to any Holder of a Certificate, enter into an agreement or other instrument supplemental hereto and which thereafter shall form a part hereof, for any one or more of the following purposes: (a) to add to the covenants of ▇▇▇▇▇▇ Mae herein; (b) to evidence the succession pursuant to Article VII VIII of another successor or successors to ▇▇▇▇▇▇ ▇▇▇ and the assumption by such successor or successors of the obligations of ▇▇▇▇▇▇ Mae hereunder in its corporate capacity or in its capacity as Trustee or in both such capacities; (c) to eliminate any right reserved to or conferred upon ▇▇▇▇▇▇ ▇▇▇ in its corporate capacity; or (d) to take such action to cure any ambiguity or correct or add to any provision in this Trust Agreement as ▇▇▇▇▇▇ Mae may deem necessary or desirable, provided that in the case of an addition to any provision herein, such action shall not have a materially adverse effect on the CertificateholdersCertificateholders or (ii) adversely affect the status of the Trust as a grantor trust under the Code.

Appears in 1 contract

Sources: Trust Agreement

Permissible Without Action by Certificateholders. ▇▇▇▇▇▇ ▇▇▇ and the Trustee, from time to time and at any time, may, without the consent of or notice (other than in the case of any instrument supplemental thereto pursuant to clause (b) below) to any Holder of a Certificate, enter into an agreement or other instrument supplemental hereto and which thereafter shall form a part hereof, for any one or more of the following purposes: (a) to add to the covenants of ▇▇▇▇▇▇ Mae herein; (b) to evidence the succession pursuant to Article VII of another successor Person or successors Persons to ▇▇▇▇▇▇ ▇▇▇ and the assumption by such successor or successors of the obligations of ▇▇▇▇▇▇ Mae hereunder in its corporate capacity or in its capacity as Trustee or in both such capacities; (c) to eliminate any right reserved to or conferred upon ▇▇▇▇▇▇ ▇▇▇ in its corporate capacity; or (d) to take such action to cure any ambiguity or correct or add to any provision in this Trust Agreement as ▇▇▇▇▇▇ Mae may deem necessary or desirable, provided that in the case of an addition to any such supplemental provision herein, such action shall not have a materially adverse effect on adversely affect the Certificateholdersinterest of the Holder of any Certificate.

Appears in 1 contract

Sources: Trust Agreement