Bondholder Representative definition

Bondholder Representative means Xxxxxxx 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, 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.

Examples of Bondholder Representative in a sentence

• In the sole and absolute discretion of the Bondholder Representative, the Bondholder Representative may from time to time grant waivers or consents to a departure from the due performance of the obligations of the Commonwealth hereunder or thereunder.

• The Commonwealth shall not cause or permit the Related Documents to be amended, modified or otherwise supplemented in a manner that adversely affects the rights, interests, security, remedies or obligations of the Bondholder without the prior written consent of the Bondholder Representative.

• The Bondholder Representative shall maintain in accordance with its usual practice records evidencing the amounts payable and paid from time to time hereunder or under the other Related Documents.

• The rights and remedies of the Bondholder Representative specified herein are for the sole and exclusive benefit, use and protection of the Bondholder Representative and any other Owners, and the Bondholder Representative is entitled, but shall have no duty or obligation to the Commonwealth or any other Person or otherwise, to exercise or to refrain from exercising any right or remedy reserved to the Bondholder Representative hereunder or under any of the other Related Documents.

• Except as otherwise provided herein, no amendment to or termination of such representations, warranties and definitions contained in the documents set forth above shall be effective to amend or terminate such representations, warranties and definitions incorporated herein by this reference, without the prior written consent of the Bondholder Representative.

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 the Person or Persons who are designated by the Holders of a Majority Share to act as provided in Section 15.5 of this Indenture. Citibank, N.A. 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.

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.

Bondholder Representative means any Person appointed to such position by written instrument signed by 100% of the Holders of the Outstanding Bonds. If at any time there is no appointed Bondholder Representative, the Servicer shall be deemed to be the Bondholder Representative. If there is no appointed Bondholder Representative and no Servicer, the Holder of a majority or plurality of the Outstanding Bonds shall be deemed to be the Bondholder Representative. The initial Bondholder Representative is , a .

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 the Majority Owner or any Person designated by the Majority Owner to act on behalf of the Majority Owner as provided in Section 10.14 hereof, or anassignee of such Person as provided in Section 10.14 hereof. The initial Bondholder Representative shall be the Bank.

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.