Common use of Majority Control Clause in Contracts

Majority Control. Except as expressly provided herein, any action that may be taken by the Certificateholders under this Trust Agreement may be taken by the Holders of Certificates evidencing not less than a majority of the outstanding Principal Balance of the Certificates. Except as expressly provided herein, any written notice of the Certificateholders delivered pursuant to this Trust Agreement shall be effective if signed by holders of Certificates evidencing not less than a majority of the outstanding Principal Balance of the Certificates at the time of the delivery of such notice.

Appears in 18 contracts

Samples: Trust Agreement (Opteum Mortgage Acceptance CORP), Trust Agreement (Shellpoint Mortgage Acceptance LLC), Trust Agreement (Credit Suisse First Boston Mortgage Securities Corp)

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Majority Control. Except as expressly provided herein, any action that may be taken by the Certificateholders under this Trust Agreement may be taken by the Holders Certificateholders of Trust Certificates evidencing not less than a majority of the outstanding Principal Balance of the CertificatesCertificate Balance. Except as expressly provided herein, any written notice of the Certificateholders delivered pursuant to this Trust Agreement shall be effective if signed by holders Certificateholders of Trust Certificates evidencing not less than a majority of the outstanding Principal Certificate Balance of the Certificates at the time of the delivery of such notice.

Appears in 9 contracts

Samples: Trust Agreement (SLM Funding Corp), Trust Agreement (SLM Funding Corp), Trust Agreement (SLM Funding Corp)

Majority Control. Except as expressly provided herein, any action that may be taken by the Certificateholders under this Trust Agreement may be taken by the Holders of Certificates evidencing not less than a majority of the outstanding Principal Balance Certificate Percentage Interests of the Certificates. Except as expressly provided herein, any written notice of the Certificateholders delivered pursuant to this Trust Agreement shall be effective if signed by holders Holders of Certificates evidencing not less than a majority of the outstanding Certificate Principal Balance of the Certificates at the time of the delivery of such notice.

Appears in 8 contracts

Samples: Trust Agreement (Pacificamerica Money Center Inc), Trust Agreement (Imh Assets Corp), Trust Agreement (Imh Assets Corp)

Majority Control. Except as expressly provided herein, any action that may be taken by the Certificateholders under this Trust Agreement may be taken by the Holders Certificateholders of Certificates evidencing not less than a majority of the outstanding Principal Balance of the CertificatesCertificate Balance. Except as expressly provided herein, any written notice of the Certificateholders delivered pursuant to this Trust Agreement shall be effective if signed by holders Certificateholders of Certificates evidencing not less than a majority of the outstanding Principal Certificate Balance of the Certificates at the time of the delivery of such notice.

Appears in 3 contracts

Samples: Trust Agreement (Nellie Mae Education Loan Corp), Trust Agreement (Ford Motor Credit Co), Trust Agreement (Ford Credit Auto Receivables Two L P)

Majority Control. Except as expressly provided herein, any action that may be taken by the Certificateholders Owners under this Trust Agreement may be taken by the Holders Holder of Trust Certificates evidencing not less than a majority of the outstanding Principal Balance of the CertificatesCertificate Balance. Except as expressly provided herein, any written notice of the Certificateholders Owners delivered pursuant to this Trust Agreement shall be effective if signed by holders Holder of Trust Certificates evidencing not less than a majority of the outstanding Principal Certificate Balance of the Certificates at the time of the delivery of such notice.

Appears in 3 contracts

Samples: Trust Agreement (Eaglemark Inc), Trust Agreement (Harley Davidson Customer Funding Corp), Trust Agreement (Eaglemark Inc)

Majority Control. Except as expressly provided herein, any action that may be taken by the Certificateholders under this Trust Agreement may be taken by the Holders of Certificates evidencing not less than a majority of the outstanding Principal Balance Voting Rights of the Certificates. Except as expressly provided herein, any written notice of the Certificateholders delivered pursuant to this Trust Agreement shall be effective if signed by holders Holders of Certificates evidencing not less than a majority of the outstanding Principal Balance Voting Rights of the Certificates at the time of the delivery of such notice.

Appears in 3 contracts

Samples: Trust Agreement (Southern Pacific Secured Assets Corp), Trust Agreement (Impac CMB Trust Series 1998-2), Trust Agreement (Imh Assets Corp)

Majority Control. Except as expressly provided herein, any action that may be taken by the Certificateholders holders of the Trust Certificates under this Trust Agreement may be taken by the Holders holders of Trust Certificates evidencing not less than a majority of the outstanding Principal Balance sum of the CertificatesCertificate Balances. Except as expressly provided herein, any written notice of the Certificateholders holders of the Trust Certificates delivered pursuant to this Trust Agreement shall be effective if signed by holders of the Trust Certificates evidencing not less than a majority of the outstanding Principal Certificate Balance of the Certificates at the time of the delivery of such notice.

Appears in 2 contracts

Samples: Trust Agreement (Mellon Bank N A), Trust Agreement (Key Bank Usa National Association)

Majority Control. Except as otherwise expressly provided herein, any action that may be taken by the Certificateholders under this Trust Agreement may be taken by the Holders of Certificates evidencing not less than a majority 51% of the outstanding Principal Balance of the CertificatesCertificate Balance. Except as expressly provided herein, any written notice of the Certificateholders delivered pursuant to this Trust Agreement shall be effective if signed by holders Holders of Certificates evidencing not less than a majority 51% of the outstanding Principal Certificate Balance of the Certificates at the time of the delivery of such notice.

Appears in 2 contracts

Samples: Trust Agreement (Toyota Motor Credit Receivables Corp), Trust Agreement (Toyota Motor Credit Receivables Corp)

Majority Control. Except as expressly otherwise specifically provided herein, any action that may be taken by the Certificateholders under this Trust Agreement may be taken by the Holders of Trust Certificates evidencing not less than a majority of the outstanding Principal Balance of the CertificatesCertificate Balance. Except as expressly otherwise specifically provided herein, any written notice of the Certificateholders delivered pursuant to this Trust Agreement shall be effective if signed by holders Holders of Certificates evidencing not less than a majority of the outstanding Principal Certificate Balance of the Certificates at the time of the delivery of such notice.

Appears in 2 contracts

Samples: Trust Agreement (Barnett Auto Receivables Corp), Trust Agreement (Mellon Auto Receivables Corp)

Majority Control. Except as expressly provided herein, any action that may be taken by the Certificateholders under this Trust Agreement may be taken by the Holders of Certificates Certificateholders evidencing not less than a majority 50.1% of the outstanding Principal Balance of the CertificatesCertificate Balance. Except as expressly provided herein, any written notice of the Certificateholders delivered pursuant to this Trust Agreement shall be effective if signed by holders of Certificates Certificateholders evidencing not less than a majority 50.1% of the outstanding Principal Certificate Balance of the Certificates at the time of the delivery of such notice.

Appears in 1 contract

Samples: Trust Agreement (Classnotes Inc)

Majority Control. Except as expressly provided herein, any action that may be taken by the Certificateholders under this Owner Trust Agreement may be taken by the Holders of Certificates evidencing not less than a majority of the outstanding Principal Balance of the CertificatesMajority Certificateholder. Except as expressly provided herein, any written notice of the Certificateholders delivered pursuant to this Owner Trust Agreement shall be effective if signed by holders of Certificates evidencing not less than a majority of the outstanding Principal Balance of the Certificates Majority Certificateholder at the time of the delivery of such notice.

Appears in 1 contract

Samples: Trust Agreement (Salomon Br Mor Sec Vii Inc Series 1998-11)

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Majority Control. Except as expressly provided herein, any action that may be taken by the Certificateholders Holders under this Trust Agreement may be taken by the Holders Holder of Trust Certificates evidencing not less than a majority of the outstanding Principal Balance of the CertificatesCertificate Balance. Except as expressly provided herein, any written notice of the Certificateholders Holders delivered pursuant to this Trust Agreement shall be effective if signed by holders the Holders of Trust Certificates evidencing not less than a majority of the outstanding Principal Certificate Balance of the Certificates at the time of the delivery of such notice.. ARTICLE FIVE APPLICATION OF TRUST FUNDS; CERTAIN DUTIES

Appears in 1 contract

Samples: Trust Agreement (Dealer Auto Receivables Corp)

Majority Control. Except as expressly provided herein, any action that may be taken by the Certificateholders under this Trust Agreement may be taken by the Holders Certificateholders of Trust Certificates evidencing not less than a majority of the outstanding Principal Balance of the CertificatesCertificate Balance. Except as expressly provided herein, any written notice of the Certificateholders delivered pursuant to this Trust Agreement shall be effective if signed by holders Certificateholders of Trust Certificates evidencing not less than a majority of the outstanding Principal Certificate Balance of the Certificates at the time of the delivery of such notice.

Appears in 1 contract

Samples: Trust Agreement (First Union Student Loan Trust 1997-1)

Majority Control. Except as expressly provided herein, any action that may be taken by the Certificateholders Holders under this Trust Agreement may be taken by the Holders Certificateholders of Trust Certificates evidencing not less than a majority of the outstanding Principal Balance of the CertificatesCertificate Balance. Except as expressly provided herein, any written notice of the Certificateholders Holders delivered pursuant to this Trust Agreement shall be effective if signed by holders the Holders of Trust Certificates evidencing not less than a majority of the outstanding Principal Certificate Balance of the Certificates at the time of the delivery of such notice.. ARTICLE FIVE APPLICATION OF TRUST FUNDS; CERTAIN DUTIES

Appears in 1 contract

Samples: Trust Agreement (Dealer Auto Receivables Corp)

Majority Control. Except as expressly provided herein, any action that may be taken by the Certificateholders under this Trust Agreement may be taken by the Holders of Trust Certificates evidencing not less than a majority 51% of the outstanding Principal Balance of the CertificatesCertificate Balance. Except as expressly provided herein, any written notice of the Certificateholders delivered pursuant to this Trust Agreement shall be effective if signed by holders Holders of Trust Certificates evidencing not less than a majority 51% of the outstanding Principal Certificate Balance of the Certificates at the time of the delivery of such notice.

Appears in 1 contract

Samples: Trust Agreement (American Honda Receivables Corp)

Majority Control. Except as expressly provided herein, any action that may be taken by the Certificateholders Owners under this Trust Agreement may be taken by the Holders of Certificates evidencing not less than a majority of the outstanding Principal Balance of the CertificatesCertificate Balance. Except as expressly provided herein, any written notice of the Certificateholders Owners delivered pursuant to this Trust Agreement shall be effective if signed by holders Holders of Certificates evidencing not less than a majority of the outstanding Principal Certificate Balance of the Certificates at the time of the delivery of such notice.

Appears in 1 contract

Samples: Trust Agreement (Caterpillar Financial Funding Corp)

Majority Control. Except as expressly provided herein, any action that may be taken by the Certificateholders under this Trust Agreement may be taken by the Holders Certificateholders of Certificates evidencing not less than a majority of the outstanding Principal Balance of the Certificatesaggregate Certificate Balance. Except as expressly provided herein, any written notice of the Certificateholders delivered pursuant to this Trust Agreement shall be effective if signed by holders the Certificateholders of Certificates evidencing not less than a majority of the outstanding Principal aggregate Certificate Balance of the Certificates at the time of the delivery of such notice.

Appears in 1 contract

Samples: Trust Agreement (Residential Asset Mortgage Products Inc)

Majority Control. Except as otherwise expressly provided herein, any action that may be taken by the Certificateholders [Certificateholder][Owners] under this Trust Agreement may be taken by the Holders of Certificates evidencing not less than a majority 51% of the outstanding Principal Balance of the CertificatesCertificate Balance. Except as expressly provided herein, any written notice of the Certificateholders [Certificateholder][Owners] delivered pursuant to this Trust Agreement shall be effective if signed by holders Holders of Certificates evidencing not less than a majority 51% of the outstanding Principal Certificate Balance of the Certificates at the time of the delivery of such notice.]

Appears in 1 contract

Samples: Trust Agreement (Toyota Motor Credit Corp)

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