Common use of Restrictions Clause in Contracts

Restrictions. The Owner Trustee shall not take any action (a) that is inconsistent with the purposes of the Trust set forth in Section 2.3 or (b) that, to the actual knowledge of the Owner Trustee, would result in the Trust’s becoming taxable as a corporation for federal income tax purposes. The Certificateholder shall not direct the Owner Trustee to take action that would violate the provisions of this Section.

Restrictions. The Owner Trustee shall not take any action (a) that is inconsistent with the purposes and powers of the Trust set forth in Section 2.3 or (b) that, to the actual knowledge 2.03. None of the Owner Trustee, would result in Sponsor or the Trust’s becoming taxable as a corporation for federal income tax purposes. The Certificateholder shall not direct the Owner Trustee to take action that would violate the provisions of this SectionAgreement or any Basic Document.

Restrictions. The Owner Trustee shall not take any action (a) that is inconsistent with the purposes of the Trust set forth in Section 2.3 2.03 or (b) that, to the actual knowledge of the Owner Trustee, would result in the Trust’s 's becoming taxable as a corporation for federal income tax purposes. The Certificateholder Owners shall not direct the Owner Trustee to take action that would violate the provisions of this Section.

Restrictions. The Owner Trustee shall not take any action (a) that is inconsistent with the purposes of the Trust set forth in Section 2.3 or (b) that, to the actual knowledge of the Owner Trustee, would result in the Trust’s becoming taxable as a corporation for federal income tax purposes. The Certificateholder Certificateholders shall not direct the Owner Trustee to take action that would violate the provisions of this Section.

Restrictions. The Owner Trustee shall not take any action (ai) that is inconsistent with the purposes of the Trust Issuer set forth in Section 2.3 2.03 or (bii) that, to the actual knowledge of the Owner Trustee, would result in the TrustIssuer’s becoming taxable as a corporation for federal or state income tax purposes. The Certificateholder Owners shall not direct the Owner Trustee to take action that would violate the provisions of this SectionAgreement.

Restrictions. The Owner Trustee shall not take any action that, to its actual knowledge, (a) that is inconsistent with the purposes of the Trust set forth in Section 2.3 2.03 or (b) that, to the actual knowledge of the Owner Trustee, would result in the Trust’s Trust becoming taxable as a corporation (or publicly traded partnership) for U.S. federal income tax purposes or for state or local income or franchise tax purposes. The Certificateholder Certificateholders and Servicer shall not direct the Owner Trustee to take any action that would violate the provisions of this Section.

Restrictions. The Owner Trustee shall not take any action (a) that is inconsistent with the purposes of the Trust set forth in Section 2.3 2.03 or (b) that, to the actual knowledge of a Trust Officer of the Owner Trustee, would result in the Trust’s becoming an association (or publicly traded partnership), in either case, taxable as a corporation for U.S. federal income tax purposespurposes or (c) is not in accordance with applicable law. The Certificateholder Neither the Administrator nor Certificateholders shall not direct the Owner Trustee to take action that would violate the provisions of this SectionArticle VI.

Restrictions. The Owner Trustee shall not take any action (ai) that is inconsistent with the purposes of the Trust set forth in Section 2.3 2.03 or (bii) that, to the actual knowledge of the Owner Trustee, would result in the Trust’s becoming taxable as a corporation for federal or state income tax purposes. The Certificateholder Owners shall not direct the Owner Trustee to take action actions that would violate the provisions of this Section.

Restrictions. The Owner Trustee shall not take any action (ai) that is inconsistent with the purposes of the Trust Issuer set forth in Section 2.3 2.03 or (bii) that, to the actual knowledge of the Owner Trustee, would result in the TrustIssuer’s becoming an association (or a publicly traded partnership) taxable as a corporation for U.S. federal income and state and local income tax purposes. The Certificateholder Certificateholders shall not direct the Owner Trustee to take action that would violate the provisions of this SectionAgreement.

Restrictions. The Owner Trustee shall not take any action (a) that is inconsistent with the purposes of the Trust set forth in Section 2.3 or (b) that, to the actual knowledge of the Owner Trustee, would result in the Trust’s 's becoming taxable as a corporation for federal Federal income tax purposes. The Certificateholder Certificateholders shall not direct the Owner Trustee to take action that would violate the provisions of this Section.

Restrictions. The Owner Trustee shall not take any action (a) that is inconsistent with the purposes of the Trust set forth in Section 2.3 2.03 or (b) that, to the actual knowledge of the Owner Trustee, would result in the Trust’s becoming taxable as a corporation for federal income tax purposes. The Certificateholder Certificateholders shall not direct the Owner Trustee to take action that would violate the provisions of this SectionSection 6.06.

Restrictions. The Owner Trustee shall not take any action (a) that is inconsistent with the purposes of the Securitization Trust set forth in Section 2.3 2.3, or (b) that, to the actual knowledge of the Owner Trustee, would result in the Securitization Trust’s becoming an association (or publicly traded partnership) taxable as a corporation for federal income tax purposes. The Certificateholder Trust Certificateholders shall not direct the Owner Trustee to take action that would violate the provisions of this Section.

Restrictions. The Owner Trustee shall not take any action (ai) that is inconsistent with the purposes of the Trust Issuer set forth in Section 2.3 2.03 or (bii) that, to the actual knowledge of the Owner Trustee, would result in the TrustIssuer’s becoming taxable as a corporation for federal or state income tax purposes. The Certificateholder Certificateholders shall not direct the Owner Trustee to take action that would violate the provisions of this SectionAgreement.

Restrictions. The Owner Trustee shall not take any action (a) that is inconsistent with the purposes of the Trust set forth in Section 2.3 2.03 or (b) that, to the actual knowledge of a Responsible Officer of the Owner Trustee, (x) would result in the Trust’s becoming taxable as a corporation for federal income tax purposespurposes or (y) affect the treatment of the Notes as indebtedness for federal or state income purpose. The Certificateholder Certificateholders shall not have the authority to and, by acceptance of a beneficial interest in any Certificate shall thereby be deemed to have covenanted not to, direct the Owner Trustee to take any action that would violate the provisions of this Section.

Restrictions. The Owner Trustee shall not take any action (a) that is inconsistent with the purposes of the Securitization Trust set forth in Section 2.3 of this Agreement, or (b) that, to the actual knowledge of the Owner Trustee, would result in the Securitization Trust’s becoming an association (or publicly traded partnership) taxable as a corporation for federal income tax purposes. The Certificateholder Trust Certificateholders shall not direct the Owner Trustee to take action that would violate the provisions of this Section.

Restrictions. The Owner Trustee shall not take any action (a) that is inconsistent with the purposes of the Trust set forth in Section 2.3 2.03 or (b) that, to the actual knowledge of a Trust Officer of the Owner Trustee, (x) would result in the Trust’s becoming taxable as a corporation for federal income tax purposespurposes or (y) affect the treatment of the Notes as indebtedness for federal or state income purpose. The Certificateholder Certificateholders shall not have the authority to and, by acceptance of an ownership interest in any Certificate shall thereby be deemed to have covenanted not to, direct the Owner Trustee to take any action that would violate the provisions of this Section.

Restrictions. The Owner Trustee shall not (a) take any action (a) that is inconsistent with the purposes of the Owner Trust set forth in Section 2.3 or (b) take any action or amend this Agreement in any manner that, to the actual knowledge of a Responsible Officer of the Owner Trustee, would result in the Trust’s Owner Trust becoming taxable as a corporation for United States federal income tax purposes. The Certificateholder shall not direct the Owner Trustee to take action that would violate the provisions of this Section.

Restrictions. The Owner Trustee shall not take any action (a) that is inconsistent with the purposes of the Trust set forth in Section 2.3 or (b) that, to the actual knowledge of the Owner Trustee, would result in the Trust’s 's becoming taxable as a corporation for federal Federal income tax purposes. The Certificateholder Owners shall not direct the Owner Trustee to take action that would violate the provisions of this Section.

Restrictions. The Owner Trustee shall not take any action (a) that is inconsistent with the purposes of the Trust set forth in Section 2.3 or (b) that, to the actual knowledge of the Owner Trustee, would result in the Trust’s becoming taxable as a corporation for federal income tax purposes. The Certificateholder Certificateholders shall not direct the Owner Trustee to take action that would violate the provisions of this Section. For the avoidance of doubt, in connection with this Section 6.6, the Owner Trustee shall be fully protected under Sections 6.3 and 7.1(b) for its good faith reliance on instructions received pursuant to Section 6.3.

Restrictions. The Owner Trustee shall not take any action (a) that is inconsistent with the purposes of the Trust set forth in Section 2.3 of this Agreement, or (b) that, to the actual knowledge of the Owner Trustee, would result in the Trust’s becoming taxable as a corporation for federal income tax purposes. The Certificateholder shall not direct the Owner Trustee to take action that would violate the provisions of this Section.

Restrictions. The Owner Trustee shall not take any action that, to its actual knowledge, (a) that is inconsistent with the purposes of the Trust set forth in Section 2.3 2.03 or (b) that, to the actual knowledge of the Owner Trustee, would result in the Trust’s Trust becoming taxable as a corporation for federal income tax purposes or for state or local income or franchise tax purposes. The Certificateholder Certificateholders and Servicer shall not direct the Owner Trustee to take any action that would violate the provisions of this Section.

Restrictions. The Owner Trustee shall not take any action (a) that is inconsistent with the purposes of the Trust set forth in Section 2.3 2.03 or (b) that, to the actual knowledge of the Owner Trustee, would result in the Trust’s becoming taxable as a corporation for federal income tax purposes. The Certificateholder Owner shall not direct the Owner Trustee to take action that would violate the provisions of this Section. In no event shall the Trust elect to be treated as an association taxable as a corporation.

Restrictions. The Owner Trustee shall not take any action (ai) that is inconsistent with the purposes of the Trust set forth in Section 2.3 2.03 or (bii) that, to the actual knowledge of the Owner Trustee, would result in the Trust’s becoming taxable as a corporation for federal or state income tax purposes. The Certificateholder Owner shall not direct the Owner Trustee to take action actions that would violate the provisions of this Section.

Restrictions. The Owner Trustee shall not take any action (a) that is inconsistent with the purposes of the Trust set forth in Section 2.3 or (b) that, to the actual knowledge of the Owner Trustee, would result in the Trust’s 's becoming taxable as a corporation or a publicly traded partnership for federal Federal income tax purposes. The Certificateholder Certificateholders shall not direct the Owner Trustee to take action that would violate the provisions of this Section.

Restrictions. The Owner Trustee shall not take any action that, to its actual knowledge, (a) that is inconsistent with the purposes of the Trust set forth in Section 2.3 2.03 or (b) that, to the actual knowledge of the Owner Trustee, would result in the Trust’s becoming taxable as a corporation for U.S. federal income tax purposes. The Certificateholder Certificateholders, the Servicer and the Administrator shall not direct the Owner Trustee to take action that would violate the provisions of this Section.

Restrictions. The Owner Trustee shall not take any action (a) that is inconsistent with the purposes of the Trust set forth in Section 2.3 or (b) that, to the actual knowledge of the Owner Trustee, would result in the Trust’s 's becoming taxable as a corporation for federal Federal income tax purposes. The Certificateholder shall not direct the Owner Trustee to take action that would violate the provisions of this Section.

Restrictions. The Owner Trustee shall not take any action (a) that is inconsistent with the purposes of the Trust set forth in Section 2.3 2.03 or (b) that, to the actual knowledge of a Trust Officer of the Owner Trustee, would result in the Trust’s becoming taxable as a corporation for federal income tax purposespurposes or (c) is not in accordance with applicable law. The Certificateholder Neither the Administrator nor Certificateholders shall not direct the Owner Trustee to take action that would violate the provisions of this SectionSection 6.06.

Restrictions. The Owner Trustee shall not take any action (a) that is inconsistent with the purposes of the Trust set forth in Section 2.3 hereof or (b) that, to the actual knowledge of the Owner Trustee, would result in the Trust’s 's becoming taxable as a corporation for federal Federal income tax purposes. The Certificateholder Transferor shall not direct the Owner Trustee to take action that would violate the provisions of this SectionSection 6.6.

Restrictions. The Owner Trustee shall not take any action action: (a) that is inconsistent with the purposes of the Trust set forth in Section 2.3 or (b) that, to the actual knowledge of the Owner Trustee, would result in the Trust’s 's becoming taxable as a corporation for federal Federal income tax purposes. The Certificateholder Certificateholders shall not direct the Owner Trustee to take action that would violate the provisions of this Section.

Restrictions. The Neither the Owner Trustee nor the Trust Agent shall not take any action (ai) that is inconsistent with the purposes of the Trust set forth in Section 2.3 2.03 or (bii) that, to the actual knowledge of the Owner TrusteeTrustee or the Trust Agent, as applicable, would result in the Trust’s 's becoming taxable as a corporation for federal or state income tax purposes. The Certificateholder Owners shall not direct the Owner Trustee or the Trust Agent to take action that would violate the provisions of this Section.

Restrictions. The Owner Trustee shall not take any action (ai) that is inconsistent with the purposes of the Trust Issuer set forth in Section 2.3 2.03 or (bii) that, to the actual knowledge of the Owner Trustee, would result in the Trust’s Issuer's becoming taxable as a corporation for federal or state income tax purposes. The Certificateholder Owners shall not direct the Owner Trustee to take action that would violate the provisions of this Section.

Restrictions. The Owner Trustee shall not take any action (ai) that is inconsistent with the purposes of the Trust set forth in Section 2.3 2.03 or (bii) that, to the actual knowledge of a Responsible Officer of the Owner Trustee, would result in the Trust’s 's becoming taxable as a corporation for federal or state income tax purposes. The Neither the Administrator nor the Equity Certificateholder shall not direct the Owner Trustee to take action actions that would violate the provisions of this SectionSection or any Transaction Document.

Restrictions. The Owner Trustee shall not take any action (a) that is inconsistent with the purposes of the Trust set forth in Section 2.3 or (b) that, to the actual knowledge of the Owner Trustee, would result in the Trust’s becoming taxable as a corporation for federal Federal income tax purposes. The Certificateholder shall not direct the Owner Trustee to take action that would violate the provisions of this Section.

Restrictions. The Owner Trustee shall not take any action (a) that is inconsistent with the purposes of the Trust set forth in Section 2.3 2.03 or (b) that, to the actual knowledge of a Trust Officer of the Owner Trustee, would result in the Trust’s 's becoming taxable as a corporation for federal income tax purposes. The Certificateholder Certificateholders shall not have the authority to and, by acceptance of an ownership interest in any Certificate shall thereby be deemed to have covenanted not to, direct the Owner Trustee to take action that would violate the provisions of this Section.

Restrictions. The Owner Trustee shall not take any action (a) that is inconsistent with the purposes of the Trust set forth in Section 2.3 or (b) that, to the actual knowledge of the Owner Trustee, would result in the Trust’s becoming taxable as a corporation for federal income tax purposes. The Certificateholder Certificateholders shall not direct the Owner Trustee to take action that would violate the provisions of this Section.

Restrictions. The Owner Trustee shall not take any action (a) that is inconsistent with the purposes of the Trust set forth in Section 2.3 2.03 or (b) that, to the actual knowledge of the Owner Trustee, Trustee would result in the Trust’s 's becoming taxable as a corporation for federal income tax purposes. The Certificateholder Certificateholders shall not direct the Owner Trustee to take action that would violate the provisions of this Section.

Restrictions. The Owner Trustee shall not take any action (a) that is inconsistent with the purposes of the Trust set forth in Section 2.3 or (b) that, to the actual knowledge of the Owner Trustee, would result in the Trust’s 's becoming taxable as a corporation for federal Federal income tax purposes. The Certificateholder shall not direct the Owner Trustee to take action that would violate the provisions of this Section.

Restrictions. The Owner Trustee shall not take any action (ai) that is inconsistent with the purposes of the Trust set forth in Section 2.3 2.03 or (bii) that, to the actual knowledge of the Owner Trustee, would result in the Trust’s 's becoming taxable as a corporation for federal or state income tax purposes. The Certificateholder Owners shall not direct the Owner Trustee to take action that would violate the provisions of this Section.

Restrictions. The Owner Trustee shall not take any action that, to its actual knowledge, (a) that is inconsistent with the purposes of the Trust set forth in Section 2.3 2.03 or (b) that, to the actual knowledge of the Owner Trustee, would result in the Trust’s becoming taxable as a corporation for federal income tax purposes. The Certificateholder Certificateholders, the Servicer and the Administrator shall not direct the Owner Trustee to take action that would violate the provisions of this Section.

Restrictions. The Neither the Owner Trustee nor the Trust Agent shall not take any action (ai) that is inconsistent with the purposes of the Trust set forth in Section 2.3 2.03 or (bii) that, to the actual knowledge of a Responsible Officer of the Owner TrusteeTrustee or the Trust Agent, as applicable, would result in the Trust’s 's becoming taxable as a corporation for federal or state income tax purposes. The Certificateholder Owners shall not direct the Owner Trustee or the Trust Agent to take action that would violate the provisions of this Section.

Restrictions. The Owner Trustee shall not take any action (ai) that is inconsistent with the purposes of the Trust set forth in Section 2.3 2.03 or (bii) that, to the actual knowledge of a Responsible Officer in the Owner TrusteeTrustee Corporate Trust Office, would result in the Trust’s 's becoming taxable as a corporation for federal or state income tax purposes. The Certificateholder Owners shall not direct the Owner Trustee to take action that would violate the provisions of this Section.

Restrictions. The Owner Trustee shall not take any action that, to its actual knowledge, (a) that is inconsistent with the purposes of the Trust set forth in Section 2.3 2.03 or (b) that, to the actual knowledge of the Owner Trustee, would result in the Trust’s Trust becoming taxable as a corporation (or publicly traded partnership) for federal income tax purposes or for state or local income or franchise tax purposes. The Certificateholder Certificateholders and Servicer shall not direct the Owner Trustee to take any action that would violate the provisions of this Section.

Restrictions. The Owner Trustee shall not take any action (a) that is inconsistent with the purposes of the Trust set forth in Section 2.3 2.03 or (b) that, to the actual knowledge of the Owner Trustee, would result in the Trust’s 's becoming taxable as a corporation for federal Federal income tax purposes. The Certificateholder shall not have the authority to and, by acceptance of an ownership interest in the Certificate shall thereby be deemed to have covenanted not to, direct the Owner Trustee to take action that would violate the provisions of this Section.

Restrictions. The Owner Trustee shall not take any action (a) that is inconsistent with the purposes of the Trust set forth in Section 2.3 or (b) that, to the actual knowledge of the Owner Trustee, would result in the Trust’s 's becoming taxable as a corporation for federal Federal income tax purposes. The Certificateholder Instructing Party shall not direct the Owner Trustee to take action that would violate the provisions of this Section.

Restrictions. The Owner Trustee shall not take any action (a) that is inconsistent with the purposes of the Trust set forth in Section 2.3 of this Agreement, or (b) that, to the actual knowledge of the Owner Trustee, would result in the Trust’s Trust becoming taxable as a corporation for federal income tax purposes. The Certificateholder shall not direct the Owner Trustee to take action that would violate the provisions of this Section.

Restrictions. The Owner Trustee shall not take any action (ai) that is inconsistent with the purposes of the Trust set forth in Section 2.3 2.03 or (bii) that, to the actual knowledge of a Responsible Officer in the Owner TrusteeTrustee Corporate Trust Office, would result in the Trust’s 's becoming taxable as a corporation for federal or state income tax purposes. The Certificateholder Owners shall not direct the Owner Trustee to take action that would violate the provisions of this Section.. ARTICLE SEVEN

Restrictions. The Owner Trustee shall not take any action (a) that is inconsistent with the purposes of the Trust set forth in Section 2.3 or (b) take any action (including, without limitation, participating in the establishment of a market or the inclusion of the Trust’s interests thereon, within the meaning of Treasury Regulation Section 1.7704-1(d)(1)) that, to the actual knowledge of the Owner Trustee, would result in the Trust’s becoming taxable as a corporation for federal Federal income tax purposes. The Certificateholder shall not direct the Owner Trustee to take action that would violate the provisions of this Section.

Restrictions. The Owner Trustee shall not take any action (a) that is inconsistent with the purposes of the Trust set forth in Section 2.3 hereof or (b) that, to the actual knowledge of the Owner Trustee, would result in the Trust’s becoming taxable as a corporation for federal Federal income tax purposes. The Certificateholder Transferor shall not direct the Owner Trustee to take action that would violate the provisions of this SectionSection 6.6.

Restrictions. The Owner Trustee shall not take any action (a) that is inconsistent with the purposes of the Trust set forth in Section 2.3 2.03 or (b) that, to the actual knowledge of the Owner Trustee, would result in the Trust’s becoming taxable as a corporation for federal Federal income tax purposes. The Certificateholder Neither the Depositor nor the holder of the Excess Distribution Certificate shall not direct the Owner Trustee to take action that would violate the provisions of this Section.

Restrictions. The Owner Trustee shall not take any action (ai) that is inconsistent with the purposes of the Trust set forth in Section 2.3 2.03 or (bii) that, to the actual knowledge of the Owner Trustee, would result in the Trust’s 's becoming taxable as a corporation for federal or state income tax purposes. The Certificateholder Owner shall not direct the Owner Trustee to take action actions that would violate the provisions of this Section.

Restrictions. The Owner Trustee shall not take any ------------ action (a) that is inconsistent with the purposes of the Trust set forth in Section 2.3 or (b) that, to the actual knowledge of the Owner Trustee, would result in the Trust’s 's becoming taxable as a corporation for federal Federal income tax purposes. The Certificateholder shall not direct the Owner Trustee to take action that would violate the provisions of this Section.

Restrictions. The Owner Trustee shall not take any action (a) that is inconsistent with the purposes of the Trust set forth in Section 2.3 2.03 or (b) that, to the actual knowledge of a Responsible Officer of the Owner Trustee, would result in the Trust’s becoming taxable as a corporation for federal income tax purposespurposes or (c) that is not in accordance with applicable law. The Certificateholder Owner shall not direct the Owner Trustee to take action that would violate the provisions of this Section. In no event shall the Trust elect to be treated as an association taxable as a corporation.

Restrictions. The Owner Trustee shall not take any action (ai) that is inconsistent with the purposes of the Trust Issuer set forth in Section 2.3 2.03 or (bii) that, to the actual knowledge of the Owner Trustee, would result in the Trust’s Issuer's becoming taxable as a corporation for federal or state income tax purposes. The Certificateholder Owners shall not direct the Owner Trustee to take action that would violate the provisions of this SectionAgreement.

Restrictions. The Owner Trustee shall not take any action (a) that is inconsistent with the purposes of the Trust set forth in Section 2.3 or (b) that, to the actual knowledge of the Owner Trustee, would result in the Trust’s 's becoming taxable as a corporation for federal Federal income tax purposespurposes or for the purposes of any applicable state tax on corporations. The Certificateholder Certificateholders shall not direct the Owner Trustee to take action that would violate the provisions of this Section.

Restrictions. The Owner Trustee shall not take any action (a) that is inconsistent with the purposes of the Trust set forth in Section 2.3 2.03 or (b) that, to the actual knowledge of the Owner Trustee, would result in the Trust’s 's becoming taxable as a corporation for federal Federal income tax purposes. The Certificateholder Neither the Depositor nor the holder of the Excess Distribution Certificate shall not direct the Owner Trustee to take action that would violate the provisions of this Section.

Restrictions. The Owner Trustee shall not take any action (a) that is inconsistent with the purposes of the Trust set forth in Section 2.3 of this Agreement, or (b) that, to the actual knowledge of the Owner Trustee, would result in the Trust’s Trust becoming taxable as a corporation for federal income tax purposes. The Certificateholder shall not direct the Owner Trustee to take action that would violate the provisions of this Section.tax

Restrictions. The Owner Trustee shall will not take any action (a) that is inconsistent with the purposes of the Trust set forth in Section 2.3 or (b) that, to the actual knowledge of the Owner Trustee, would result in the Trust’s 's becoming taxable as a corporation for federal income tax purposes. The No Certificateholder shall not will direct the Owner Trustee to take action that would violate the provisions of this SectionSection 5.6.

Restrictions. The Owner Trustee shall not take any action that, (ai) that is inconsistent with the purposes of the Trust set forth in Section 2.3 2.03 or (bii) that, to the actual knowledge of a Responsible Officer of the Owner Trustee, would result in the Trust’s becoming taxable as a corporation for federal income tax purposes. The Certificateholder Certificateholders shall not direct the Owner Trustee to take action that would violate the provisions of this SectionSection 6.05.

Restrictions. The Owner Trustee shall not take any action (a) that is inconsistent with the purposes of the Trust set forth in Section 2.3 or (b) that, to the actual knowledge of the Owner Trustee, would result in the Trust’s 's becoming taxable as a corporation or a publicly traded partnership for federal Federal income tax purposes. The Certificateholder Residual Certificateholders shall not direct the Owner Trustee to take action that would violate the provisions of this Section.

Restrictions. The Owner Trustee shall not take any action (a) that is inconsistent with the purposes of the Trust set forth in Section 2.3 or (b) that, to the actual knowledge of the Owner Trustee, would result in the Trust’s becoming taxable as a corporation or a publicly traded partnership for federal income tax purposes. The Certificateholder Residual Certificateholders shall not direct the Owner Trustee to take action that would violate the provisions of this Section.

Restrictions. The Owner Trustee shall not take any action (a) that is inconsistent with the purposes of the Trust set forth in Section 2.3 or (b) that, to the actual knowledge of the Owner Trustee, would result in the Trust’s 's becoming taxable as a corporation for federal income tax purposes. The Certificateholder Certificateholders shall not direct the Owner Trustee to take action that would violate the provisions of this Section.

Restrictions. The Owner Trustee shall not take any action (a) that is inconsistent with the purposes of the Owner Trust set forth in Section 2.3 2.03 or (b) that, to the actual knowledge of a Responsible Officer of the Owner Trustee, would result in the Owner Trust’s becoming taxable as a corporation for federal income tax purposes. The Certificateholder Beneficiary shall not direct the Owner Trustee to take action that would violate the provisions of this Section.

Restrictions. The Owner Trustee shall not take any action action: (a) that is inconsistent with the purposes of the Trust set forth in Section 2.3 or (b) that, to the actual knowledge of the Owner Trustee, would result in the Trust’s becoming taxable as a corporation for federal income tax purposes. The Certificateholder Certificateholders shall not direct the Owner Trustee to take action that would violate the provisions of this Section.

Restrictions. The Owner Trustee shall not take any action (a) that is inconsistent with the purposes of the Trust set forth in Section 2.3 2.03 or (b) that, to the actual knowledge of the Owner Trustee, would result in the Trust’s becoming taxable as a corporation for federal income tax purposes. The Certificateholder Owners shall not direct the Owner Trustee to take action that would violate the provisions of this Section.

Restrictions. The Owner Trustee shall not take any action action: (a) that is inconsistent with the purposes of the Trust set forth in Section 2.3 2.03 or (b) that, to the actual knowledge of the Owner Trustee, would result in the Trust’s 's becoming taxable as a corporation for federal income tax purposes. The Certificateholder Owners shall not direct the Owner Trustee to take action that would violate the provisions of this Section.

Restrictions. The Owner Trustee shall not take any action (a) that is inconsistent with the purposes of the Trust set forth in Section 2.3 or (b) that, to the actual knowledge of the Owner Trustee, would result in the Trust’s 's becoming an association, or publicly traded partnership, taxable as a corporation for federal income tax purposes. The Certificateholder Instructing Party shall not direct the Owner Trustee to take action that would violate the provisions of this Section.

Restrictions. The Owner Trustee shall not take any action (ai) that is inconsistent with the purposes of the Trust set forth in Section 2.3 2.03 or (bii) that, to the actual knowledge of the Owner Trustee, would result in the Trust’s 's becoming taxable as a corporation for federal or state income tax purposes. The Neither the Administrator nor the Equity Certificateholder shall not direct the Owner Trustee to take action actions that would violate the provisions of this Section.

Restrictions. The Owner Trustee shall not take any action (a) that is inconsistent with the purposes of the Trust set forth in Section 2.3 or (b) that, to the actual knowledge of the Owner Trustee, would result in the Trust’s 's becoming taxable as a corporation for federal income tax purposes. The Certificateholder Certificateholders shall not direct the Owner Trustee to take action that would violate the provisions of this SectionSection 6.6.

Restrictions. The Owner Trustee shall not take any action (a) that is inconsistent with the purposes of the Trust set forth in Section 2.3 2.03 or (b) that, to the actual knowledge of the Owner Trustee, would result in the Trust’s becoming taxable as a corporation for federal income tax purposes. The Certificateholder Prior to the payment in full of the Senior Notes, the Owners shall not direct the Owner Trustee to take action that would violate the provisions of this Section.

Restrictions. The Owner Trustee shall not take any action (a) that is inconsistent with the purposes of the Trust set forth in Section SECTION 2.3 or (b) that, to the actual knowledge of the Owner Trustee, would result in the Trust’s becoming taxable as a corporation for federal Federal income tax purposes. The Certificateholder shall not direct the Owner Trustee to take action that would violate the provisions of this Section.

Restrictions. The Owner Trustee shall not take any action (a) that is inconsistent with the purposes of the Trust set forth in Section 2.3 of this Agreement or (b) that, to the actual knowledge of the Owner Trustee, would result in the Trust’s becoming taxable as a corporation for federal income tax purposes. The Certificateholder shall not direct the Owner Trustee to take action that would violate the provisions of this Section.

Restrictions. The Owner Trustee shall not take any action (a) that is inconsistent with the purposes of the Trust set forth in Section 2.3 or (b) that, to the actual knowledge of the Owner Trustee, would result in the Trust’s becoming taxable as a corporation for federal Federal income tax purposes. The Certificateholder Owners shall not direct the Owner Trustee to take action that would violate the provisions of this Section.

Restrictions. The Owner Trustee shall not take any action (a) that is inconsistent with the purposes of the Securitization Trust set forth in Section 2.3 2.3, or (b) that, to the actual knowledge of the Owner Trustee, would result in the Securitization Trust’s becoming an association (or publicly traded partnership) taxable as a corporation for federal income tax purposes. The Certificateholder shall not direct the Owner Trustee to take action that would violate the provisions of this Section.tax

Restrictions. The Owner Trustee shall not take any action that, to its actual knowledge, (a) that is inconsistent with the purposes of the Trust set forth in Section 2.3 2.03 or (b) that, to the actual knowledge of the Owner Trustee, would result in the Trust’s 's becoming taxable as a corporation for federal income tax purposes. The Certificateholder Certificateholders shall not direct the Owner Trustee to take action that would violate the provisions of this Section.

Restrictions. The Owner Trustee shall not take any action (a) that is inconsistent with the purposes of the Owner Trust set forth in Section 2.3 2.03 or (b) that, to the actual knowledge of a Responsible Officer of the Owner Trustee, would result in the Owner Trust’s 's becoming taxable as a corporation for federal income tax purposes. The Certificateholder Beneficiary shall not direct the Owner Trustee to take action that would violate the provisions of this Section.

Restrictions. The Owner Trustee shall not take any action (a) that is inconsistent with the purposes of the Trust set forth in Section 2.3 or (b) that, to the actual knowledge of a Responsible Officer of the Owner Trustee, would result in the Trust’s 's becoming taxable as a corporation for federal Federal income tax purposes. The Certificateholder Certificateholders shall not direct the Owner Trustee to take action that would violate the provisions of this Section.

Restrictions. The Owner Trustee shall not take any action (a) that is inconsistent with the purposes of the Trust set forth in Section 2.3 or (b) that, to the actual knowledge of the Owner Trustee, would result in the Trust’s 's becoming taxable as a corporation or a publicly traded partnership for federal Federal income tax purposes. The Certificateholder Certificateholders shall not direct the Owner Trustee to take action that would violate the provisions of this Section.

Restrictions. The Owner Trustee shall not take any action (a) that is inconsistent with the purposes of the Trust set forth in Section 2.3 or (b) that, to the actual knowledge of a Responsible Officer of the Owner Trustee, would result in the Trust’s becoming taxable as a corporation for federal income tax purposes. The Certificateholder shall not direct the Owner Trustee to take action that would violate the provisions of this Section.

Restrictions. The Owner Trustee shall not take any action (a) that is inconsistent with the purposes of the Trust set forth in Section 2.3 or (b) that, to the actual knowledge of the Owner Trustee, would result in the Trust’s becoming Trust being treated as an association or publicly traded partnership taxable as a corporation for federal income tax purposes. The Certificateholder Certificateholders shall not direct the Owner Trustee to take action that would violate the provisions of this Section.

Restrictions. The Owner Trustee shall not take any action (a) that is inconsistent with the purposes of the Trust set forth in Section 2.3 2.03 or (b) that, to the actual knowledge of the Owner Trustee, would result in the Trust’s becoming Trust being treated as a association (or publicly traded partnership) taxable as a corporation for federal income tax purposes. The Certificateholder Owner Trustee and the Seller agree that no election to treat the Trust as an association (or publicly traded partnership) taxable as a corporation for United States Federal income tax purposes or any relevant state tax purposes shall be made by or on behalf of the Trust. The Owner shall not direct the Owner Trustee or the Seller to take action that would violate the provisions of this Section.

Restrictions. The Owner Trustee shall not take any action that, to the actual knowledge of the Owner Trustee, (a) that is inconsistent with the purposes of the Trust set forth in Section 2.3 2.03 or (b) that, to the actual knowledge of the Owner Trustee, would result in the Trust’s 's becoming taxable as a corporation for federal income tax purposes. The Certificateholder Certificateholders shall not direct the Owner Trustee to take any action that would violate the provisions of this Section.

Restrictions. The Owner Trustee shall will not take any action (a) that is inconsistent with the purposes of the Trust set forth in Section 2.3 or (b) that, to the actual knowledge of the Owner Trustee, would result in the Trust’s becoming taxable as a corporation for federal income tax purposes. The No Certificateholder shall not will direct the Owner Trustee to take action that would violate the provisions of this SectionSection 5.6.

Restrictions. The Owner Trustee shall not take any action (a) that is inconsistent with the purposes of the Trust set forth in Section 2.3 2.03 or (b) that, to the actual knowledge of the Owner Trustee, would result in the Trust’s 's becoming taxable as a corporation for federal income tax purposes. The Certificateholder Certificateholders shall not direct the Owner Trustee to take action that would violate the provisions of this Section.

Restrictions. The Owner Trustee shall not take any ------------ action (a) that is inconsistent with the purposes of the Trust set forth in Section 2.3 2.03 or (b) that, to the actual knowledge of the Owner Trustee, would result in the Trust’s 's becoming taxable as a corporation for federal income tax purposes. The Certificateholder Certificateholders shall not direct the Owner Trustee to take action that would violate the provisions of this SectionSection 6.06.

Restrictions. The Owner Trustee shall not take any action (a) that is inconsistent with that, to the actual knowledge of a Responsible Officer of Owner Trustee, would violate the purposes of the Trust set forth in Section 2.3 2.03 or (b) that, to the actual knowledge of the a Responsible Officer of Owner Trustee, would result in the Trust’s becoming taxable as a corporation for federal income tax purposes. The Certificateholder Transferor shall not direct the Owner Trustee to take action that would violate the provisions of this SectionSection 5.06.

Restrictions. The Owner Trustee shall not take any action (ai) that is inconsistent with the purposes of the Trust set forth in Section 2.3 2.03 or (bii) that, to the actual knowledge of a Responsible Officer of the Owner Trustee, would result in the Trust’s 's becoming taxable as a corporation for federal or state income tax purposes. The Certificateholder Owners shall not direct the Owner Trustee to take action that would violate the provisions of this Section.

Restrictions. The Owner Trustee shall not take any action (ai) that is inconsistent with the purposes of the Trust set forth in Section 2.3 2.03 hereof or (bii) that, to the actual knowledge Knowledge of a Responsible Officer of the Owner Trustee, would result in the Trust’s becoming taxable as a taxable mortgage pool or an association or publicly traded partnership taxable as a corporation for federal U.S. federal, or applicable state or local income tax purposes. The Certificateholder Neither the Trust Owner nor the Residual Interest Owner shall not direct the Owner Trustee to take action actions that would violate the provisions of this Section.

Restrictions. The Owner Trustee shall not take any action (a) that is inconsistent with the purposes of the Trust set forth in Section 2.3 2.03 or (b) that, to the actual knowledge of the Owner Trustee, would result in the Trust’s 's becoming taxable as a corporation for federal income tax purposes. The Certificateholder Residual Interestholder shall not direct the Owner Trustee to take action that would violate the provisions of this Section.

Restrictions. The Owner Trustee shall not take any action (a) that is inconsistent with the purposes of the Trust set forth in Section ss. 2.3 or (b) that, to the actual knowledge of the Owner Trustee, would result in the Trust’s 's becoming taxable as a corporation or a publicly traded partnership for federal Federal income tax purposes. The Certificateholder Certificateholders shall not direct the Owner Trustee to take action that would violate the provisions of this Section.

Restrictions. The Owner Trustee shall not take any action that, to its actual knowledge, (a) that is inconsistent with the purposes of the Trust set forth in Section 2.3 2.03 or (b) that, to the actual knowledge of the Owner Trustee, would result in the Trust’s becoming taxable as a corporation for federal income tax purposes. The Certificateholder Certificateholders shall not direct the Owner Trustee to take action that would violate the provisions of this Section.

Restrictions. The Owner Trustee shall not take any action (a) that is inconsistent with the purposes of the Trust set forth in Section 2.3 hereof or (b) that, to the actual knowledge of the Owner Trustee, would result in the Trust’s 's becoming taxable as a corporation for federal income tax purposes. The Certificateholder Transferor shall not direct the Owner Trustee to take action that would violate the provisions of this SectionSection 7.6 .

Restrictions. The Owner Trustee shall not take any action (a) that is inconsistent with the purposes of the Trust set forth in Section 2.3 or (b) that, to the actual knowledge of a Responsible Officer of the Owner Trustee, would result in the Trust’s 's becoming taxable as a corporation for federal Federal income tax purposes. The Certificateholder Neither the Holder of the Voting Interest nor the Certificateholders shall not direct the Owner Trustee to take action that would violate the provisions of this Section.

Restrictions. The Owner Trustee shall not take any action (ai) that is inconsistent with the purposes of the Trust set forth in Section 2.3 2.03 hereof or (bii) that, to the actual knowledge of a Responsible Officer of the Owner Trustee, would result in the Trust’s 's becoming taxable as a corporation for federal or state income tax purposes. The Certificateholder Neither the Owner nor the Residual Interest Owner shall not direct the Owner Trustee to take action actions that would violate the provisions of this Section.

Restrictions. The Owner Trustee shall not take any action (a) that is inconsistent with the purposes of the Trust set forth in Section 2.3 2.03 or (b) that, to the actual knowledge of the Owner Trustee, would result in the Trust’s 's becoming taxable as a corporation for federal Federal income tax purposes. The Certificateholder shall not have the authority to and, by acceptance of an ownership interest in the Certificate shall thereby be deemed to have covenanted not to, direct the Owner Trustee to take action that would violate the provisions of this Section.. ARTICLE

Restrictions. The Owner Trustee shall not take any action (a) that is inconsistent with the purposes of the Trust set forth in Section 2.3 or (b) that, to the actual knowledge of the Owner Trustee, would result in the Trust’s becoming taxable as a corporation for federal income tax purposes. The Neither the Depositor nor the Excess Distribution Certificateholder shall not direct the Owner Trustee to take action that would violate the provisions of this Section.

Restrictions. The Owner Trustee shall not take any action (ai) that is inconsistent with the purposes of the Trust Issuer set forth in Section 2.3 or (bii) that, to the actual knowledge of the Owner Trustee, would result in the TrustIssuer’s becoming taxable as a corporation for federal income tax purposes. The Certificateholder Residual Interestholder and the Insurer shall not direct the Owner Trustee to take action that would violate the provisions of this Section.

Restrictions. The Owner Trustee shall not take any action (a) that is inconsistent with the purposes of the Trust set forth in Section 2.3 2.03 or (b) that, to the actual knowledge of the Owner Trustee, would result in the Trust’s 's becoming taxable as a corporation for federal Federal income tax purposes. The Certificateholder Certificateholders shall not have the authority to and, by acceptance of an ownership interest in any Certificate shall thereby be deemed to have covenanted not to, direct the Owner Trustee to take action that would violate the provisions of this Section.

Restrictions. The Owner Trustee shall not take any action (ai) that is inconsistent with the purposes of the Trust set forth in Section 2.3 2.03 or (bii) that, to the actual knowledge of a Responsible Officer of the Owner Trustee, would result in the Trust’s 's becoming taxable as a corporation for federal or state income tax purposes. The Certificateholder Neither the Owner nor the Residual Interest Owner shall not direct the Owner Trustee to take action actions that would violate the provisions of this Section.

Restrictions. The Owner Trustee shall not take any action (ai) that is inconsistent with the purposes of the Trust set forth in Section 2.3 2.03 or (bii) that, to the actual knowledge of a Responsible Officer of the Owner Trustee, would result in the Trust’s 's becoming taxable as a corporation for federal or state income tax purposes. The Certificateholder Owner shall not direct the Owner Trustee to take action actions that would violate the provisions of this Section.

Restrictions. (a) The Owner Trustee shall not take any action (a) that is inconsistent with the purposes of the Trust set forth in Section 2.3 2.03 or (b) that, to the actual knowledge of a responsible officer of the Owner Trustee, would result in the Trust’s becoming taxable as a corporation for federal income tax purposes. . (b) The Certificateholder Owner Trustee agrees that, to the fullest extent permitted by law, it will not transfer any Trust Assets. (c) The Holders shall not direct the Owner Trustee to take action that would violate the provisions of this Section.