Voting Interests. Stock or similar ownership interests, of any class or classes (however designated), the holders of which are at the time entitled, as such holders, (a) to vote for the election of a majority of the directors (or persons performing similar functions) of the corporation, association, partnership, trust or other business entity involved, or (b) to control, manage, or conduct the business of the corporation, partnership, association, trust or other business entity involved.
Voting Interests. The aggregate voting power evidenced by the Notes, and each Outstanding Note’s Voting Interest within its Series equals the percentage equivalent of the fraction obtained by dividing that Note’s Note Balance by the aggregate Note Balance of all Outstanding Notes within such Series; provided, however, that where the Voting Interests are relevant in determining whether the vote of the requisite percentage of Noteholders necessary to effect any consent, waiver, request or demand shall have been obtained, the Voting Interests shall be deemed to be reduced by the amount equal to the Voting Interests (without giving effect to this provision) represented by the interests evidenced by any Note registered in the name of, or in the name of a Person or entity holding for the benefit of, the Issuer, the Depositor, the Receivables Seller or any Person that is an Affiliate of any of the Issuer, the Depositor or the Receivables Seller. The Indenture Trustee shall have no liability for counting a Voting Interest of any Person that is not permitted to be so counted hereunder pursuant to the definition of “Outstanding” unless a Responsible Officer of the Indenture Trustee has actual knowledge that such Person is the Issuer or the Receivables Seller or an Affiliate of either or both of the Issuer and the Receivables Seller. For the avoidance of doubt, all actions, consents and votes under the terms and provisions of this Indenture (other than under any Indenture Supplement related to a specific Series) that require a certain percentage of Voting Interests of all Notes shall be deemed by each of the parties hereto and the Noteholders to require such designated percentage of Voting Interests of each Outstanding Series and, in the event any one Series fails to provide the required percentage of Voting Interests with respect to any such action, consent or vote, then such action, consent or vote shall be deemed by the parties hereto and the Noteholders to be not approved.
Voting Interests. Each IO class will have a 1% voting interest. The remaining voting interest will be allocated to the other classes in proportion to their principal balances. The voting interest of any class will be allocated among the certificates of the class in proportion to the certificates’ principal or notional balances, except that an Insurer will be entitled to the voting interest of an insured class for as long as the insured class is outstanding and the Insurer is not in default.
Voting Interests. Except as otherwise provided in this Agreement or as required by applicable law, the affirmative vote, consent or agreement of Members holding at least an Interest Majority shall be the act of the Members of the Company. All Members holding Interests shall be entitled to one vote for each Interest held.
Voting Interests. Stock or similar ownership interests, of any class or classes (however designated), the holders of which are at the time entitled, as such holders, (a) to vote for the election of a majority of the directors (or persons performing similar functions) of the corporation, association, partnership, trust or other business entity involved, or (b) to control, manage or conduct the business of the corporation, partnership, association, trust or other business entity involved. West Xxxxxx Drive Property. The Mortgaged Property located at 00 Xxxx Xxxxxx Xxxxx, Chicago, Illinois, as more particularly described in the Security Deed with respect thereto.
Voting Interests. Shares of capital stock issued by a corporation, or equivalent Equity Interests in any other Person, the holders of which are ordinarily, in the absence of contingencies, entitled to vote for the election of directors (or persons performing similar functions) of such Person, even if the right so to vote has been suspended by the happening of such a contingency.
Voting Interests. As of any date, the aggregate ---------------- outstanding principal balance of all Certificates will constitute the voting interest of the Issuer (the "Voting Interests"), for purposes of determining Voting Interests, Certificates owned by the Issuer or its affiliates and the Depositor will be disregarded and deemed not to be outstanding, and except that, in determining whether the Owner Trustee is protected in relying upon any such request, demand, authorization, direction, notice, consent or waiver, only Certificates that the Owner Trustee knows to be so owned will be so disregarded. Certificates so owned that have been pledged in good faith may be regarded as outstanding if the pledgee establishes to the satisfaction of the Owner Trustee the pledgor's right so to act with respect to such Certificates and that the pledgee is not the Issuer or its affiliates.
Voting Interests. As of any date, the aggregate outstanding Certificate Balance of all Certificates; provided, however, that if GMAC and its affiliates own less than 100% of the Certificates, Certificates owned by GMAC, the Trust or any Affiliate of GMAC or the Trust (other than the Depositor) shall be disregarded and deemed not to be outstanding, except that, in determining whether the Owner Trustee shall be protected in relying upon any such request, demand, authorization, direction, notice, consent or waiver, only Certificates that the Owner Trustee knows to be so owned shall be so disregarded. Certificates so owned that have been pledged in good faith may be regarded as outstanding if the pledgee establishes to the satisfaction of the Owner Trustee the pledgor’s right so to act with respect to such Certificates and that the pledgee is not GMAC or the Trust or any Affiliate of GMAC or the Trust (other than the Depositor).
Voting Interests. (a) Until an Event of Default occurs and is continuing, the Pledgor shall be entitled to exercise all Voting Interests attached to the Collateral. However, the Pledgor shall not exercise or direct the exercise of the Voting Interests attached to the Collateral, give any consent, waiver or ratification, or take any action in a manner which, in the reasonable opinion of the Pledgee, would materially and adversely affect the validity or enforceability of this Pledge or would cause an Event of Default to occur.
(b) After the occurrence and during the continuance of an Event or Default, the Pledgor shall not, without the prior written consent of the Pledgee, exercise any Voting Interests in relation to the Collateral. Therefore, as soon as practicable after such occurrence and during the continuance of Event of Default, the Pledgor shall seek instructions on the exercise of the Voting Interests attached to the Collateral and act upon such instructions. The Pledgee may, after having given notice to the Pledgor and the Company, declare that it will, with effect from such notice, exercise the Voting Interests in the Collateral and preclude the Pledgor from doing so.
(c) In any case, the Pledgor shall give the Pledgee reasonable notice of all shareholder’s meetings in relation to the Securities and the agenda of such meetings. The Pledgor shall not in any way waive the right (whether statutory or in accordance with the relevant articles of incorporation) to any notice period in respect of the convening of general shareholder’s meetings.
Voting Interests. 41 11.03. Modification and Amendment of Swap Agreement . . . . . . . 41 11.04. No Legal Title to Trust Estate in Certificateholders . . . 41 11.05.
