Control Party. (a) Pursuant to the Indenture and the other Related Documents, the Control Party is authorized to consent to and implement, subject to the Servicing Standard, any Consent Request that does not require the consent of any Noteholder, including the Controlling Class Representative.
Control Party. The person so designated as such in a Related Agreement, or, if no such person is so designated, then the trustee, or if there is no trustee, then any "agent" for the lenders thereunder.
Control Party. With respect to a Series of Notes, the Person(s) described as such in the Supplement for such Series of Notes.
Control Party. For purposes of determining a Requisite Global Majority pursuant to Section 503 of the Indenture, the Control Party of Series 2001-1 shall mean the Majority of Holders of the Series 2001-1 Notes then Outstanding.
Control Party. (a) Pursuant to the Indenture and the other Related Documents, the Control Party is authorized to consent to and implement, subject to the Servicing Standard, Consent Requests that do not require the consent of any Noteholder or the Controlling Class Representative. (b) For any Consent Request that expressly requires, pursuant to the terms of the Indenture and the other Related Documents, the consent or direction of any Noteholders or the Controlling Class Representative, pursuant to the terms of the Related Documents, the Servicer, as Control Party, shall review such Consent Request and shall formulate and present a Consent Recommendation to the Controlling Class Representative or to the Trustee to forward to such Noteholders, as applicable, whether to approve or reject such Consent Request. The Control Party shall not be authorized to implement any such Consent Request until the Control Party receives the consent of the applicable Noteholders or the Controlling Class Representative; provided that if the Controlling Class Representative fails to approve or reject a Consent Request within ten (10) Business Days after receipt of such Consent Request and the related Consent Recommendation, or if there is no Person acting as the Controlling Class Representative at such time (including, without limitation, prior to the first CCR Election Period, prior to the election of a Controlling Class Representative or following the resignation or removal of the Controlling Class Representative pursuant to Section 11.1, the Control Party shall implement such Consent Request in accordance with the Servicing Standard, other than with respect to Servicer Termination Events. (c) For any Consent Requests that expressly require the consent, waiver or direction of affected Noteholders or 100% of the Noteholders pursuant to Section 13.2 or the other Related Documents, the Control Party shall review such Consent Request and shall formulate and present a Consent Recommendation to the Trustee, which shall forward the Consent Request and the Consent Recommendation to each Noteholder or each affected Noteholder, as applicable. The Trustee will be required to obtain the consent of the applicable Noteholders, as required under the Related Documents, to implement such Consent Requests and until such time as the Control Party has been provided with copies of the consents received by the Trustee, the Control Party shall not be authorized to implement such Consent Requests. (d) The Control ...
Control Party. 32 Section 6.03.
Control Party. (a) At all times other than during a Default Period, the "Control Party" shall be the Senior Secured Parties acting by Majority Vote.
Control Party. Subject to Section 10.1 of the Base Indenture, the Trustee agrees that it shall not exercise any rights or remedies available to it as a result of the occurrence of a Rapid Amortization Event or an Event of Default until after the Trustee has given prior written notice thereof to the Controlling Class Representative and the Control Party and obtained the direction of the Control Party (subject to Section 11.4(e) of the Base Indenture, at the direction of the Controlling Class Representative).
Control Party. (a) The Control Party is authorized to approve or reject, subject to the Servicing Standard, any Consent Request that does not require the consent of any Noteholder or the Controlling Class Representative. Subject to the terms of this Base Indenture (and the limitations in the Servicing Agreement in respect of the Control Party's obligation to implement any direction issued by the Controlling Class Representative or the Noteholders), the Controlling Class Representative will be entitled to instruct the Control Party with respect to the approval of Consent Requests. The Controlling Class Representative will be authorized to approve Consent Requests other than Consent Requests that can be approved by the Control Party without the consent of any Noteholders or the Controlling Class Representative and Consent Requests that expressly require the consent, waiver or direction of Noteholders pursuant to the terms of this Base Indenture and the other Transaction Document. 99
Control Party. The Control Party shall be:
