Common use of Registered Certificates Clause in Contracts

Registered Certificates. The Residual Holder agrees, that without the prior written consent of the Company, so long as Residual Holder or any of its affiliates is a party to this Agreement and the holder or owner of any Residual Certificates of a Series, neither it nor any of its affiliates shall purchase, or trade any Certificates of such Series which have been registered under the Securities Act of 1933, as amended.

Appears in 2 contracts

Sources: Special Sub Servicing Agreement (CWABS Asset-Backed Certificates Trust 2007-Bc1), Special Sub Servicing Agreement (CWABS Asset-Backed Certificates Trust 2006-1)