Examples of Certificateholder Quorum in a sentence

Upon the written direction of Certificateholders evidencing at least 75% of a Certificateholder Quorum, the trustee will terminate all of the rights and obligations of the Asset Representations Reviewer under the PSA by written notice to the Asset Representations Reviewer, and the proposed successor Asset Representations Reviewer will be appointed.

More Definitions of Certificateholder Quorum

Certificateholder Quorum. A quorum that: (a) for purposes of Section 6.08(a) and 11.05(b) of this Agreement, consists of the Holders of Certificates evidencing at least 50% of the aggregate Voting Rights (taking into account the allocation of any Appraisal Reduction Amounts to notionally reduce the Certificate Balances of the respective Classes of the Principal Balance Certificates) of all Certificates (other than the Class S and Class R Certificates), on an aggregate basis; and (b) for purposes of Section 6.08(b) of this Agreement, consists of the Holders of Certificates evidencing at least 20% of the aggregate of the Certificate Balances of all Certificates, with such quorum including at least three (3) Holders (or, where Global Certificates are involved, at least three (3) underlying Certificate Owners) that are not affiliated with each other.

Certificateholder Quorum. A quorum that: (a) for purposes of Section 6.08(a) or Section 11.05(b) of this Agreement, consists of the Holders of Certificates evidencing at least 50% of the Voting Rights (taking into account the allocation of any Appraisal Reduction Amounts to notionally reduce the Certificate Balances of the respective Classes of the Principal Balance Certificates) of all Regular Certificates on an aggregate basis; and (b) for purposes of Section 6.08(b) of this Agreement, consists of the Holders of Certificates evidencing at least 20% of the aggregate of the Certificate Balances of all Certificates, with such quorum including at least three (3) Certificateholders (and/or, where Global Certificates are involved, Certificate Owners) that are not Risk Retention Affiliated with each other.

Certificateholder Quorum. A quorum that: (a) for purposes of Section 6.08(a) or Section 11.05(b) of this Agreement, consists of the Holders (and/or, where Global Certificates are involved, Certificate Owners) of Regular Certificates evidencing at least 50% of the Voting Rights (taking into account the allocation of any Appraisal Reduction Amounts to notionally reduce the Certificate Balances of the respective Classes of the Principal Balance Certificates) of all Regular Certificates, on an aggregate basis; and (b) for purposes of Section 6.08(b) of this Agreement, consists of the Holders (and/or, where Global Certificates are involved, Certificate Owners) of Certificates evidencing at least 20% of the Voting Rights (taking into account the application of Appraisal Reduction Amounts to notionally reduce Certificate Balances) of all Principal Balance Certificates on an aggregate basis.

Certificateholder Quorum. A quorum that: (a) for purposes of Section 7.1(d) of this Agreement, consists of the Holders of Principal Balance Certificates evidencing at least 50% of the Voting Rights of the Principal Balance Certificates, on an aggregate basis; and (b) for purposes of Section 7.1(e) of this Agreement, consists of the Holders or Beneficial Owners of Certificates evidencing at least 20% of the outstanding principal balance of all Certificates on an aggregate basis, with such quorum including at least three (3) Holders and/or, where Global Certificates are involved, underlying Beneficial Owners that are not Risk Retention Affiliated with each other.

Certificateholder Quorum. A quorum that: (a) for purposes of a vote to terminate and replace the Special Servicer or the Asset Representations Reviewer at the request of the Holders of Certificates evidencing not less than 25% of the Voting Rights (without regard to the application of any Appraisal Reduction Amounts) pursuant to Section 6.08(a) or Section 11.05(b), as applicable, of this Agreement, consists of the Holders of Certificates evidencing at least 50% of the Voting Rights (taking into account the allocation of any Appraisal Reduction Amounts to notionally reduce the Certificate Balances of the respective Classes of Principal Balance Certificates) of all Certificates, on an aggregate basis, and (b) for purposes of a vote to terminate and replace the Special Servicer based on a recommendation of the Operating Advisor pursuant to Section 6.08(b) of this Agreement, consists of the Holders of Certificates evidencing at least 20% of the aggregate of the outstanding principal balances of all Certificates, with such quorum including at least three (3) Holders (and/or, where Global Certificates are involved, Certificate Owners) of Certificates that are not Risk Retention Affiliated with each other.

Certificateholder Quorum. As defined in Section 7.1(e).

Certificateholder Quorum. The holders of Certificates evidencing at least 50% of the aggregate Voting Rights (taking into account the allocation of any Appraisal Reduction Amounts to notionally reduce the Certificate Balances of the Certificates) of all Certificates (other than the Class S and Class R Certificates), on an aggregate basis.