Controlling Certificateholders definition

Controlling Certificateholders means (a) on any date of determination on which the Class A Investor Interest is greater than zero, Class A Certificateholders owning Class A Certificates evidencing more than 50% of the sum of the Class A Investor Interest, and (b) thereafter, Class B Certificateholders owning Class B Certificates evidencing more than 50% of the Class B Investor Interest.
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Controlling Certificateholders. Each Holder (or Beneficial Owner, if applicable) of a Certificate of the Controlling Class as certified to the Trustee from time to time by such Holder or Beneficial Owner.
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Controlling Certificateholders means (a) on any date of determination on which the Class A Investor Interest, the Class M Investor Interest and the Class B Investor Interest is greater than zero, the Holders of Class A Certificates, Class M Certificates and Class B Certificates evidencing more than 50% of the sum of the Class A Investor Interest, the Class M Investor Interest and the Class B Investor Interest, (b) thereafter, on any date of determination on which the Class C Investor Interest is greater than zero, the Holders of Class C Certificates evidencing more than 50% of the Class C Investor Interest and (c) thereafter, the Required Class D Holders (as defined in the Class D Purchase Agreement).
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Examples of Controlling Certificateholders in a sentence

  • SECTION 8.12 Controlling Certificateholders and Controlling Class Representative......................................

  • The Controlling Certificateholders shall assume any costs relating to the removal without cause of the Special Servicer by the Controlling Class Representative and to the subsequent appointment of a successor Special Servicer.

  • Section 8.11 Controlling Certificateholders and Controlling Class Representative..............................................

  • The Controlling Certificateholders shall not direct the Owner Trustee to take or refrain from taking any action if such action or inaction would be contrary to any obligation of the Trust or the Owner Trustee under this Agreement or any of the Basic Documents or would be contrary to SECTION 2.03 nor shall the Owner Trustee be obligated to follow any such direction, if given.

  • Such direction may be exercised at any time by written instruction of the Controlling Certificateholders pursuant to ARTICLE IV.

  • Subject to Section 12.09 hereof, the Owner Trustee shall not have the power to commence a voluntary proceeding in bankruptcy relating to the Trust without the prior approval of the Controlling Certificateholders and the delivery to the Owner Trustee by the Controlling Certificateholders of a certificate certifying that the Controlling Certificateholders reasonably believes that the Trust is insolvent.

  • The Owner Trustee shall take the actions referred to in the preceding sentence only upon written instructions signed by the Controlling Certificateholders.

  • SECTION 8.12 Controlling Certificateholders and Controlling Class Representative................................

  • If an MBIA Default or Termination occurs and is continuing, MBIA's right to consent hereunder and to direct the Trustee shall be void and, in such event, in all provisions of this Agreement wherein MBIA's consent or direction is required or permitted, the consent or direction of the Controlling Certificateholders shall be required or permitted unless a larger number of Certificateholders is required under the relevant provisions of this Agreement.

  • Action By the Controlling Certificateholders with Respect to Certain Matters .


More Definitions of Controlling Certificateholders

Controlling Certificateholders means (a) on any date of determination on which the Class A Investor Interest and the Class B Investor Interest is greater than zero, the Holders of Class A Certificates and Class B Certificates evidencing more than 50% of the sum of the Class A Investor Interest and the Class B Investor Interest, (b) thereafter, on any date of determination on which the Class C Investor Interest is greater than zero, the Holders of Class C Certificates evidencing more than 50% of the Class C Investor Interest and (c) thereafter, the Required Class D Holders (as defined in the Class D Purchase Agreement).
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Controlling Certificateholders means (a) on any date of determination on which the Class A Investor Interest or the Class B Investor Interest is greater than zero, the Holders of Class A Certificates and Class B Certificates evidencing more than 50% of the sum of the Class A Investor Interest and the Class B Investor Interest, (b) on any date of determination thereafter on which the Class C Investor Interest is greater than zero, the Holders of Class C Certificates evidencing more than 50% of the Class C Investor Interest and (c) thereafter, the Required Class D Holders (as defined in the Class D Purchase Agreement).
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Controlling Certificateholders means on any date of determination on which the Class A Invested Amount is greater than zero, if there are two Purchaser Groups, each Managing Agent, and if there are more than two Purchaser Groups, the Managing Agents holding Class A Certificates evidencing more than 66 2/3% of the Class A Invested Amount, and thereafter, the Subordinated Transferor Certificateholder.
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Controlling Certificateholders means the Holders of Fixed-Rate Certificates evidencing a majority of the Certificate Balance or if no Fixed-Rate Certificates are then outstanding, the Holders of a majority of the Notional Amount of the Interest Only Certificates.
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Controlling Certificateholders means, as of a particular date of determination, the 1998 Class A Certificateholders beneficially holding 1998 Class A Certificates evidencing Fractional Undivided Interests aggregating not less than a majority in interest in the Class A Pass Through Trust (excluding any 1998 Class A Certificates beneficially held by Lessee or any Affiliate thereof; PROVIDED, HOWEVER, the foregoing exclusion shall not apply if Lessee and/or its Affiliates beneficially hold 100% of the 1998 Class A Certificates as of a particular date of determination).
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Related to Controlling Certificateholders

  • Directing Certificateholder means the “Controlling Class Certificateholder” or other analogous term as defined in the Lead Securitization Servicing Agreement.

  • Remaining Certificateholder Any Holder (or Holders provided they act in unanimity) holding 100% of the Certificates (other than the Class S and Class R Certificates) or an assignment of the voting rights thereof; provided, however, that the Certificate Balances of the Class A-1, Class A-2, Class A-3, Class A-4, Class A-AB, Class A-S, Class B, Class C and Class D Certificates and the Notional Amounts of the Class X-A, Class X-B and Class X-D Certificates have been reduced to zero.

  • Controlling Class Certificateholder Each Holder (or Certificate Owner, if applicable) of a Certificate of the Controlling Class as determined by the Certificate Administrator from time to time.

  • Certifying Certificateholder As defined in Section 5.07(a) of this Agreement.

  • Lead Securitization Directing Certificateholder means the “Directing Certificateholder” as defined in the Lead Securitization Servicing Agreement.

  • Applicable Certificateholder Means the Person in whose name an Applicable Certificate is registered on the Register for the Applicable Certificates.

  • Certificateholders shall reflect the rights of Certificate Owners as they may indirectly exercise such rights through the Depository and participating members thereof, except as otherwise specified herein; provided, however, that the Trustee shall be required to recognize as a "Holder" or "Certificateholder" only the Person in whose name a Certificate is registered in the Certificate Register.

  • Class A Certificateholder means the Person in whose name a Class A Certificate is registered in the Certificate Register.

  • Certificateholder means the Person in whose name the Certificate is registered.

  • Trust Certificateholder means the Person in whose name a Trust Certificate is registered on the Certificate Register.

  • Class B Certificateholder means the Person in whose name a Class B Certificate is registered in the Certificate Register.

  • Class C Certificateholder means the person in whose name a Class C Certificate is registered on the Certificate Register.

  • Class A-PO Certificateholder The registered holder of a Class A-PO Certificate.

  • Unaffiliated Certificateholder Any Certificateholder other than the Depositor or an Affiliate of the Depositor.

  • Class A-R Certificateholder The registered holder of the Class A-R Certificate.

  • Majority Certificateholders The Holders of Certificates evidencing at least 51% of the Voting Rights.

  • Investor Certificateholder means the holder of record of an Investor Certificate.

  • Class A-1 Certificateholder The registered holder of a Class A-1 Certificate.

  • Holder or Certificateholder The registered owner of any Certificate as recorded on the books of the Certificate Registrar except that, solely for the purposes of taking any action or giving any consent pursuant to this Agreement, any Certificate registered in the name of the Depositor, the Trustee, the Master Servicer, any Servicer or any Affiliate thereof shall be deemed not to be outstanding in determining whether the requisite percentage necessary to effect any such consent has been obtained, except that, in determining whether the Trustee shall be protected in relying upon any such consent, only Certificates which a Responsible Officer of the Trustee knows to be so owned shall be disregarded. The Trustee may request and conclusively rely on certifications by the Depositor, the Master Servicer and any Servicer in determining whether any Certificates are registered to an Affiliate of the Depositor, the Master Servicer or such Servicer.

  • Majority Certificateholder means the Holder of the greatest percentage ownership interest in the Certificate as recorded in the Certificate Register.

  • Class R Certificateholder The registered Holder of the Class R Certificate.

  • Junior Certificateholder The Holder of not less than 95% of the Percentage Interests of the Junior Class of Certificates.

  • Class A-2 Certificateholder The registered holder of a Class A-2 Certificate.

  • REMIC III Certificateholder The Holder of any REMIC III Certificate.

  • Class A-3 Certificateholder The registered holder of a Class A-3 Certificate.

  • Class A-4 Certificateholder The registered holder of a Class A-4 Certificate.