When a Guarantor Event of Default Exists. While a Guarantor Event of Default exists, the Trustee will exercise the rights and powers vested in it by the Trust Documents and use the same degree of care and skill in their exercise as a prudent investor would exercise or use under the circumstances in the conduct of its own affairs.
Appears in 14 contracts
Sources: Second Amended and Restated 2007 Multifamily Master Trust Agreement, Master Trust Agreement, Remic Master Trust Agreement
When a Guarantor Event of Default Exists. While a Guarantor Event of Default existsexists and is continuing, the Trustee will exercise the rights and powers vested in it by the Trust Documents and use the same degree of care and skill in their exercise as a prudent investor would exercise or use under the circumstances in the conduct of its own affairs.
Appears in 11 contracts
Sources: SMBS Master Trust Agreement, Single Family Mega/Supers Master Trust Agreement, Single Family Mega/Supers Master Trust Agreement
When a Guarantor Event of Default Exists. While a Guarantor Event of Default exists, the Trustee will exercise the rights and powers vested in it by the Trust Documents and use the same degree of care and skill in their exercise as a prudent investor would exercise or use under the circumstances in the conduct of its own affairs.affairs.
Appears in 6 contracts
Sources: Multifamily Master Trust Agreement, Amended and Restated 2021 Multifamily Master Trust Agreement, 2021 Multifamily Master Trust Agreement
When a Guarantor Event of Default Exists. While a Guarantor Event of Default exists, the Trustee will exercise the rights and powers vested in it by the Trust Documents Agreement and use the same degree of care and skill in their exercise as a prudent investor would exercise or use under the circumstances in the conduct of its own affairs.
Appears in 1 contract
Sources: Trust Agreement