Common use of Controlling Class Representative Clause in Contracts

Controlling Class Representative. (a) On the Closing Date and at any time when no Person is serving as the Controlling Class Representative in accordance with this Article XI, (i) the Control Party shall exercise the rights of the Controlling Class Representative in accordance with the Servicing Standard; provided that the Control Party shall have no obligations to interact with any Holders (including providing any notices or deliverables) and (ii) any deliverable or notice that is required to be provided to the Controlling Class Representative under a Related Document shall be delivered to the Control Party.

Appears in 3 contracts

Samples: Contribution Agreement (Planet Fitness, Inc.), Fitness Equipment Distribution Agreement (Planet Fitness, Inc.), Jack in the Box Inc /New/

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Controlling Class Representative. (a) On the Closing Date and at any time when no Person is serving as the Controlling Class Representative in accordance with this Article XI, (i) the Control Party shall exercise the rights of the Controlling Class Representative in accordance with the Servicing Standard; provided that the Control Party shall have no obligations to interact with any Holders (including providing any notices or deliverables) and (ii) any deliverable or notice that is required to be provided to the Controlling Class Representative under a Related Transaction Document shall be delivered to the Control Party.

Appears in 1 contract

Samples: Wingstop Inc.

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