Control Party definition

Control Party means (i) the Guarantor, so long as no Guarantor Default has occurred and is continuing, or (ii) the holders of the Notes for so long as a Guarantor Default has occurred and is continuing.

Control Party means, at any time, the Servicer, who will direct the Trustee to act (or refrain from acting) or will act on behalf of the Trustee in connection with Consent Requests.

Control Party means (i) an Affiliate that has direct or indirect majority voting control of a Limited Partner, or (ii) an Affiliate that has a majority of its voting interests held, directly or indirectly, by a Limited Partner or by Persons that have direct or indirect voting control of a Limited Partner.

Examples of Control Party in a sentence

• The Control Party may rely on an Officers’ Certificate to make such determination.

• The Trustee, on behalf of the Secured Parties, and the Control Party are express third party beneficiaries of this Agreement.

• This Section 9.12 does not apply to a suit by the Trustee, a suit by a Noteholder pursuant to Section 9.9, the Control Party or a suit by Noteholders of more than 10% of the Aggregate Outstanding Principal Amount of all Series of Notes.

• The Co-Issuers, the Control Party and the Controlling Class Representative shall negotiate any amendments, waivers or modifications to the Indenture or the other Transaction Documents that require the consent of the Control Party or the Controlling Class Representative in good faith, and any consent required to be given by the Control Party or the Controlling Class Representative shall not be unreasonably denied or delayed.

• Subject to Section 11.4(e) and except as provided in the following sentence, until the Controlling Class Representative consents to, waives or provides direction in connection with a Consent Request, the Control Party is not authorized to implement such Consent Request; provided that the Control Party shall work in good faith with the Controlling Class Representative to obtain such consent.

More Definitions of Control Party

Control Party means, with respect to Series 2012-1 Notes, the Majority of Holders of the Series 2012-1 Notes.

Control Party. This term shall have the meaning set forth in the Supplement for the related Series.

Control Party. Until the last sentence of Section 11.18 hereof is applicable and so long as no Certificate Insurer Default has occurred and is continuing, the Certificate Insurer, and thereafter, the Trustee.

Control Party means, (a) unless an Insurer Default has occurred and is continuing, the Insurer and (b) during the continuation of an Insurer Default, Noteholders representing 66 2/3% of the Aggregate Principal Amount of the Notes.

Control Party has the meaning set forth in Section 2.5(a).

Control Party means in respect of (i) any Series of Notes, unless otherwise provided in the Series Supplement related to such Series, Holders representing more than fifty percent (50%) of the then aggregate Outstanding Principal Balance of (a) initially, all Outstanding Class A Equipment Notes of such Series, (b) on and after the occurrence of the payment in full of all Outstanding Obligations in respect of the Class A Equipment Notes of such Series, all Outstanding Class B Equipment Notes of such Series, (c) on and after the occurrence of the payment in full of all Outstanding Obligations in respect of the Class A Equipment Notes and Class B Equipment Notes of such Series, all Outstanding Class C Equipment Notes of such Series and (d) on and after the occurrence of the payment in full of all Outstanding Obligations in respect of the Equipment Notes of such Series, all Outstanding Subordinated Notes; and (ii) the Class E Certificates, Holders representing more than fifty percent (50%) of the then aggregate Outstanding Stated Amount of the Class E Certificates.

Control Party means in respect of any Series of Equipment Notes, unless otherwise provided in the Series Supplement related to such Series, Holders representing more than fifty percent (50%) of the then aggregate Outstanding Principal Balance of the most senior Class of Outstanding Equipment Notes within such Series.