Bondholder Representative definition
Bondholder Representative means ▇▇▇▇▇▇▇ Mac, in its capacity as bondholder representative, controlling party or majority owner of the Bonds, as applicable, under the Bond Documents.
Bondholder Representative means a legal entity named in the Issue-related Documents and acting on behalf of the Bondholders.
Bondholder Representative means the Person or Persons who are designated by the Holders of a Majority Share to act in such capacity, as provided in Section 15.5 of this Indenture. Citicorp Municipal Mortgage Inc. shall be the initial Bondholder Representative. The Bondholder Representative may appoint a third party to act as its representative in certain capacities, provided it does so in writing and provides such written designation to the Trustee.
Examples of Bondholder Representative in a sentence
The Trustee shall comply with all the rules, regulations, policies and procedures of the Securities Depository in order to effectuate the provisions and intent of this Indenture, the Issuer and the Bondholder Representative, including, without limitation, the obligation to make all required elections to ensure the pro rata partial redemption payments required in Section 6.14.
This Agreement may be amended (or extended) by an appropriate supplement hereto duly executed by the Bondholder Representative and the Commonwealth.
The Bondholder Representative may elect from time to time to discontinue the Book-Entry System solely for purposes of the Bonds it beneficially owns by providing a written notice to the Trustee at least 30 days prior to the effective date of such election.
The Bonds shall be issuable in Authorized Denominations as specified by the Bondholder Representative.
No express or implied waiver by the Bondholder Representative of any Event of Default shall in any way be a waiver of any future or subsequent Event of Default.
More Definitions of Bondholder Representative
Bondholder Representative means (i) the Bank or any Affiliate of the Bank, so long as the Bank or such Affiliate owns any of the Bonds; (ii) if neither the Bank nor any Affiliate of Bank owns any of the Bonds, then (a) if and so long as one Holder holds a majority in principal amount of all Outstanding Bonds, such Holder or a Person appointed to be the Bondholder Representative by such Holder; and (b) if and so long as no one Holder owns a majority in principal amount of all Outstanding Bonds, the Holder at the time in question who holds the greatest principal amount of all Outstanding Bonds. As set forth in Section 5.1, in the event of any sale, transfer or other disposition any of the Bonds by the Bank or any Bank Affiliate that owns the Bonds, the Bank shall transfer all Funds and Accounts to the custody of the Trustee. So long as the Bonds are not equally owned by different Holders, the Trustee shall determine the identity of each successor Bondholder Representative based on the criteria set forth in this definition, such determination to be conclusive absent manifest error. If the Outstanding Bonds are equally owned by different Holders, the Bondholder Representative shall be the Bondholder Representative designated by the Holders of a majority in principal amount of all Outstanding Bonds at the time in question. The Trustee shall be provided written notice if there is a change to the initial Bondholder Representative.
Bondholder Representative means any Person appointed to such position by written instrument signed by 100% of the Holders of the Outstanding Bonds. If there is no appointed Bondholder Representative, the Holder of a majority in principal amount of the Outstanding Bonds shall be deemed to be the Bondholder Representative. The initial Bondholder Representative is Bonneville Affordable Housing Capital LLC, a California limited liability company.
Bondholder Representative means JPMorgan Chase Bank, National Association, and its successors and assigns.
Bondholder Representative means the Person or Persons, if any, authorized by the Bondholder Agreement to take actions, give directions, provide consents, or give or rescind notices to the Trustee on behalf of all (or any required percentage) of the Bondholders and otherwise take such actions and exercise such powers as are delegated by the Bondholders to the Bondholder Representative under the Bondholder Agreement, but only while such Bondholder Agreement is in effect. The Bondholder Representative during the initial Interest Period in the Initial LIBOR Term Indexed Mode is Bank of America, N.A., in its capacity as administrative agent under the initial Bondholder Agreement, or its successors or assigns in such capacity under the initial Bondholder Agreement. Upon any resignation of the Bondholder Representative under the Bondholder Agreement (with written notice of such resignation given to the Trustee) and until the Trustee receives written notice that a new Bondholder Representative has been appointed, the references in this Bond Indenture to “Bondholder Representative” shall be of no effect. For the avoidance of doubt, any resignation or replacement of Bank of America, N.A., as administrative agent under the initial Bondholder Agreement with written notice to the Trustee shall automatically constitute its resignation or replacement as Bondholder Representative hereunder.
Bondholder Representative has the meaning assigned to that term in the introductory paragraph of this Agreement until the Conversion Date when Permanent Lender shall be the Bondholder Representative for purposes of this Agreement and each of the other Loan Documents which remain in effect after the Conversion Date or as otherwise provided in the definition of this term in the Indenture.
Bondholder Representative means, (a) on and as of the Closing Date, the Purchaser, and
Bondholder Representative. ' means, Freddie Mac, in its capacity as bondholder representative, controlling party or majority owner of the Bonds, as applicable, under the Bond Documents.