Control Eligible Certificates definition

Control Eligible Certificates. Any of the Class E, Class F and Class G Certificates.

Control Eligible Certificates means any of the Class F, Class G and Class H Certificates.

Control Eligible Certificates. Any of the Class G-RR and Class J-RR Certificates.

Examples of Control Eligible Certificates in a sentence

• After the Appraised-Out Class is no longer entitled to exercise the rights of the Controlling Class, the rights of the Controlling Class shall be exercised by the Class of Control Eligible Certificates immediately senior to such Appraised-Out Class, if any, unless a recalculation results in the reinstatement of the Appraised-Out Class as the Controlling Class.

• For the avoidance of doubt, for purposes of determining the Controlling Class or the occurrence of a Control Termination Event or an Operating Advisor Consultation Trigger Event, any Class of Control Eligible Certificates shall be allocated the Non-Vertically Retained Percentage of both applicable Appraisal Reduction Amounts and applicable Collateral Deficiency Amounts, in accordance with the preceding two sentences.

• Any Appraised-Out Class shall not be entitled to exercise any rights of the Controlling Class until such time, if any, as such Class is reinstated as the Controlling Class; and the rights of the Controlling Class will be exercised by the Holders of the next most senior Class of Control Eligible Certificates that is not an Appraised-Out Class, if any.

• With respect to each Class of Control Eligible Certificates, the right to present the Special Servicer with additional Appraisals as provided in this paragraph is limited to no more frequently than once in any 12-month period.

• Any Appraised-Out Class(es) (together with any other Classes of Control Eligible Certificates affected by such Appraisal Reduction) shall have the related Aggregate Certificate Balance(s) notionally restored to the extent required by such recalculation of the Appraisal Reduction, and there will be a redetermination of whether a Subordinate Control Period, a Collective Consultation Period or a Senior Consultation Period is then in effect, as applicable.

More Definitions of Control Eligible Certificates

Control Eligible Certificates. Any of the Class E-RR, Class F-RR, Class G-RR and Class H-RR Certificates.

Control Eligible Certificates shall be the Class E and Class F Certificates. No other Class of Certificates shall be eligible to act as a Controlling Class or appoint a Directing Holder.

Control Eligible Certificates. Any of the Class H and Class J Certificates.

Control Eligible Certificates. Any of the Class F and Class NR Certificates.

Control Eligible Certificates. All Classes of Certificates, collectively, within each of the following four (4) groupings of Certificates: (i) the Classes of Certificates related to the Class E Regular Interests, being the Class E-1, Class E-2, Class E, Class EF and Class EFG Certificates, in the case of each such Class, only to the extent evidencing an interest in the Class E Regular Interests (and the aggregate Certificate Balance of this grouping of Certificates shall only take into account the portion of the Certificate Balance of each such Class representing an interest in the Class E Regular Interests); (ii) the Classes of Certificates related to the Class F Regular Interests, being the Class F-1, Class F-2, Class F, Class EF and Class EFG Certificates, in the case of each such Class, only to the extent evidencing an interest in the Class F Regular Interests (and the aggregate Certificate Balance of this grouping of Certificates shall only take into account the portion of the Certificate Balance of each such Class representing an interest in the Class F Regular Interests); (iii) the Classes of Certificates related to the Class G Regular Interests, being the Class G-1, Class G-2, Class G and Class EFG Certificates, in the case of each such Class, only to the extent evidencing an interest in the Class G Regular Interests (and the aggregate Certificate Balance of this grouping of Certificates shall only take into account the portion of the Certificate Balance of each such Class representing an interest in the Class G Regular Interests); and (iv) the Classes of Certificates related to the Class H Regular Interests, being the Class H-1, Class H-2 and Class H Certificates.

Control Eligible Certificates. The more subordinate Class of the Class E and Class F Certificates.

Control Eligible Certificates. Any of the Class D, Class E and the Class HRR Certificates. No other Class of Certificates will be eligible to act as a Controlling Class or appoint a Controlling Class Representative.