Majority Certificateholders definition

Majority Certificateholders. The Holders of Certificates evidencing at least 51% of the Voting Rights.

Majority Certificateholders means Certificateholders holding in the aggregate more than 50% of the Percentage Interests.

Majority Certificateholders has the meaning assigned to such term in the Trust Agreement.

Examples of Majority Certificateholders in a sentence

• The Owner Trustee is further authorized from time to time to take such action as the Majority Certificateholders or the Depositor direct in writing with respect to the Basic Documents so long as such activities are consistent with the terms of the Basic Documents.

• If a successor Certificate Paying Agent does not take office within 30 days after the retiring Certificate Paying Agent resigns or is removed, the retiring Certificate Paying Agent, Depositor or the Majority Certificateholders may petition any court of competent jurisdiction for the appointment of a successor Certificate Paying Agent (with all costs, fees, expenses, including attorneys’ fees and expenses, incurred by the Certificate Paying Agent in connection with such petition to be paid by the Trust).

• The Trust Agreement permits, with certain exceptions therein provided, the amendment thereof and the modification of the rights and obligations of the Seller under the Trust Agreement at any time by the Seller and the Owner Trustee with the consent of the Majority Noteholders and the Majority Certificateholders.

More Definitions of Majority Certificateholders

Majority Certificateholders shall have the meaning assigned to such term in Section 4.5.

Majority Certificateholders. The Holder or Holders of Trust Certificates evidencing Percentage Interests in excess of 51% in the aggregate.

Majority Certificateholders means certificateholders holding in the aggregate more than 50% of the Percentage Interests.

Majority Certificateholders. The Holder or Holders of Class A and Class B Certificates evidencing an Aggregate Class A Certificate Principal Balance and Aggregate Class B Certificate Principal Balance in excess of 50% of the Aggregate Class A Certificate Principal Balance and Aggregate Class B Certificate Principal Balance.

Majority Certificateholders means the Holder or Holders of Class A Certificates evidencing an undivided beneficial ownership interest in the Class A Certificates in excess of 50% in the aggregate.

Majority Certificateholders. As defined in the Sale and Servicing Agreement.

Majority Certificateholders means, as of any day, the Holders of Certificates evidencing not less than 51% of the aggregate Certificate Percentage Interests as of such day.