Common use of Preservation of Information; Communications to Certificateholders Clause in Contracts

Preservation of Information; Communications to Certificateholders. (a) The Trustee shall preserve, in as current a form as is reasonably practicable, the names and addresses of the Certificateholders contained in the most recent list furnished to the Trustee as provided in Section 3.7(a), if any, and the names and addresses of Certificateholders received by the Trustee in its capacity as Certificate Registrar. The Trustee may destroy any list furnished to or prepared by it as provided in such Section 3.7 (a) upon receipt or preparation of a new list. (b) Certificateholders shall have the right to communicate pursuant to Section 312(b) of the TIA with other Certificateholders with respect to their rights under this Agreement or the Certificates, and the Trustee shall take such action, from time to time, as may be required by the provisions of Section 312(b) of the TIA. (c) The Depositor, the Trustee and the Certificate Registrar shall have the protection provided by Section 312(c) of the TIA.

Appears in 3 contracts

Sources: Trust Agreement (Corporate Asset Backed Corp), Trust Agreement (Corporate Asset Backed Corp), Trust Agreement (Corporate Asset Backed Corp Cabco Series 2004 1 Trust)