Collateral Manager Notes definition

Collateral Manager Notes. Any Notes owned by the Collateral Manager, an Affiliate thereof, or any account, fund, client or portfolio established and controlled by the Collateral Manager or an Affiliate thereof or for which the Collateral Manager or an Affiliate thereof acts as the investment adviser or with respect to which the Collateral Manager or an Affiliate thereof exercises discretionary control.

Collateral Manager Notes. Any Notes owned by the Collateral Manager, an Affiliate thereof, or any account, fund, client or portfolio established and controlled by the Collateral Manager or an Affiliate thereof or for which the Collateral Manager or an Affiliate thereof acts as the investment adviser or with respect to which the Collateral Manager or an Affiliate thereof exercises discretionary control thereover (including the Depositor); provided that Collateral Manager Notes shall not include any Debt held by an entity managed by the Collateral Manager or an Affiliate thereof if such entity has retained discretionary voting authority over matters in connection with which Collateral Manager Notes would be disregarded for purposes of determining whether the holders of the requisite Aggregate Outstanding Amount of Debt have given any request, demand, authorization, direction, notice, consent or waiver under the Indenture or this Agreement.

Collateral Manager Notes. Any Notes held by the Collateral Manager, an Affiliate thereof or any funds or accounts managed by the Collateral Manager or one of its Affiliates as to which the Collateral Manager or one of its Affiliates has discretionary voting authority.

Examples of Collateral Manager Notes in a sentence

• For any such action, if the Notes of the Controlling Class or the Subordinated Notes consist entirely of Collateral Manager Notes, such action must be undertaken by the required percentage of the most senior Class of Notes that is not comprised entirely of Collateral Manager Notes, disregarding any Collateral Manager Notes.

• Within 30 days after the removal or resignation of the Collateral Manager (the "Manager Termination Date"), by written notice to the Issuer and the Trustee, the Holders of a Majority of the Subordinated Notes (Collateral Manager Notes will not be disregarded for this purpose) may propose a Successor Manager.

• The Collateral Manager may be removed upon the occurrence of Cause upon 30 days' prior written notice by the Issuer or the Trustee, at the direction of a Supermajority of the Controlling Class (disregarding any Collateral Manager Notes) or a Supermajority of the Subordinated Notes (disregarding any Collateral Manager Notes).

• For the avoidance of doubt, Collateral Manager Notes will be disregarded and have no voting rights with respect to any vote in respect of any of the following actions: (i) the removal of the Collateral Manager as a result of Cause and (ii) the waiver of any event constituting Cause, and such Notes will be deemed not to be Outstanding in connection with any such vote.

More Definitions of Collateral Manager Notes

Collateral Manager Notes means Notes held by the Collateral Manager Parties (other than any account or fund if the voting rights with respect to such Notes and the matter in question are exercised by or subject to the approval of the account or fund or the client or beneficiary of such account or fund and not solely at the direction of or by the Collateral Manager or its Affiliate).

Collateral Manager Notes means any Notes the beneficial holder of which is a Collateral Manager Related Person.

Collateral Manager Notes. As of any date of determination, (a) all Notes held on such date by a Collateral Manager Related Investor and (b) all Notes as to which economic exposure is held on such date (whether through any derivative financial transaction or otherwise) by any Collateral Manager Related Investor.

Collateral Manager Notes. As of any date of determination, Notes (whether acquired on the Closing Date or thereafter) held by the Collateral Manager, any of its Affiliates or any account for which the Collateral Manager or any Affiliate thereof acts as investment advisor (and for which the Collateral Manager or such Affiliate has discretionary authority) unless all Notes of such Class are held by the Collateral Manager or its Affiliates; provided that no such

Collateral Manager Notes. The meaning assigned to such term in the Collateral Management Agreement.

Collateral Manager Notes means any Notes held by the Collateral Manager, any of its Affiliates or any account or collector vehicle or investment fund for which the Collateral Manager or any Affiliate thereof acts as investment advisor (and for which the Collateral Manager or such Affiliate has discretionary voting authority) except (i) in the case of a collector vehicle or investment fund owned directly or indirectly in whole or in part by persons other than the Collateral Manager or its Affiliates to the extent the vote of such collector vehicle or investment fund is determined by reference to voting decisions made by the direct or indirect owners of such collector vehicle or investment fund who are not the Collateral Manager or an Affiliate thereof and (ii) in the case of an account for which the Collateral Manager or any Affiliate thereof acts as investment advisor (and for which the Collateral Manager or such Affiliate has discretionary voting authority) if the vote of such account is directed by an owner of such account (or an owner of the owner of such account) that is not the Collateral Manager or an Affiliate thereof.