Controlling Class Notes definition

Controlling Class Notes. The Class A Notes, so long as any Class A Notes are Outstanding, then the Class M1 Notes, so long as any Class M1 Notes are Outstanding, then the Class M2 Notes.
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Controlling Class Notes. The Class A Notes, as long as any Class A Notes are Outstanding, then the Class M-1 Notes, as long as any Class M-1 Notes are Outstanding, then the Class M-2 Notes, as long as any Class M-2 Notes are Outstanding, then the Class M-3 Notes, as long as any Class M-3 Notes are Outstanding, then the Class M-4 Notes, as long as any Class M-4 Notes are Outstanding, then the Class M-5 Notes, as long as any Class M-5 Notes are Outstanding, then the Class M-6 Notes, as long as any Class M-6 Notes are Outstanding, then the Class B-1 Notes, as long as any Class B-1 Notes are Outstanding, then the Class B-2 Notes, as long as any Class B-2 Notes are Outstanding, then the Class B-3 Notes, as long as any Class B-3 Notes are Outstanding.
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Controlling Class Notes. As defined in the Indenture.
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Examples of Controlling Class Notes in a sentence

  • If a successor Indenture Trustee does not take office within 60 days after the retiring Indenture Trustee resigns or is removed, the resigning or removed Indenture Trustee, the Issuer or the Holders of the Majority Controlling Class Notes may petition any court of competent jurisdiction for the appointment of a successor Indenture Trustee.

  • In the event the Indenture Trustee shall receive conflicting or inconsistent requests and indemnity from two or more groups of Holders of Controlling Class Notes, each representing less than a majority of the Outstanding Amount of the Controlling Class Notes, the Indenture Trustee shall take direction from the group providing indemnity and representing the greater percentage of the Outstanding Amount of the Controlling Class Notes, notwithstanding any other provisions of this Indenture.

  • In addition, the RFP included a maximum annual increase in commission rate up to 2%; however, the increase was 0.15% for this contract year.

  • The voting rights of Securityholders under this Agreement will be allocated to the Controlling Class Notes until all Notes have been repaid in accordance with the Indenture, then to the Holder of the Trust Certificate.

  • If a successor Indenture Trustee does not take office within 30 days after the retiring Indenture Trustee resigns or is removed, the retiring Indenture Trustee, the Issuer, the Insurer or the Holders of a majority in Outstanding Balance of the Controlling Class Notes may petition any court of competent jurisdiction for the appointment of a successor Indenture Trustee reasonably acceptable to the Insurer.

  • Except as expressly set forth herein, the Holders of Notes that are not Controlling Class Notes shall have no right to exercise any Noteholder rights set forth in this Article Five.

  • The holders of Notes evidencing not less than a majority in principal amount of the [Controlling Class] [Notes] may remove the Indenture Trustee without cause by so notifying the Indenture Trustee, the Issuer and the Depositor and may appoint a successor Indenture Trustee.

  • Xxxxxxxxtanding the foregoing, the entire unpaid principal amount of each Class of Notes shall be due and payable, if not previously paid, on the date on which an Event of Default shall have occurred and be continuing, if the Indenture Trustee or the Noteholders of Notes evidencing not less than a majority of the principal amount of the Controlling Class have declared the [Controlling Class] [Notes] to be immediately due and payable in the manner provided in Section 5.

  • In the event the Indenture Trustee shall receive conflicting or inconsistent requests and indemnity from two or more groups of Holders of Controlling Class Notes, each representing less than a majority of the Outstanding Balance of the Controlling Class Notes, the Indenture Trustee shall take direction from the group providing indemnity and representing the greater percentage of the Outstanding Balance of the Controlling Class Notes, notwithstanding any other provisions of this Indenture.

  • Where the authority owns the premises, then the governing body must seek the consent of the authority to the proposed works prior to the acceptance of any tenders for the work.‌Cconsent will only be withheld on health and safety grounds.


More Definitions of Controlling Class Notes

Controlling Class Notes. The Class [ ] Notes, as long as any Class [ ] Notes are Outstanding[, then the Class [ ] Notes, as long as any Class [ ] Notes are Outstanding].
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Related to Controlling Class Notes

  • Controlling Class means (a) the Outstanding Class A Notes, (b) if no Class A Notes are Outstanding, the Outstanding Class B Notes and (c) if no Class B Notes are Outstanding, the Outstanding Class C Notes.

  • 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.

  • Lead Securitization Controlling Class Representative means the “Controlling Class Representative” as defined in the Lead Securitization Servicing Agreement.

  • Controlling Class Representative shall have the meaning assigned to the term “Directing Certificateholder” in the Lead Securitization Servicing Agreement.

  • Class E Notes has the meaning assigned to such term in the Indenture.

  • Existing Class means any Existing Term Loan Class and any Existing Revolving Credit Class.

  • A Notes means each Note that has a designation starting with “A”, either individually or in the aggregate as the context may require.

  • participating class means a class of shares title to which is permitted by an Operator to be transferred by means of a relevant system;

  • Required Subordinated Amount of Class D Notes means, for the Class C( - ) Notes for any date of determination, an amount equal to the sum of

  • Voting Classes means Classes 4 and 5.

  • Subordinated Class means, with respect to the Class A Notes, the Class B Notes.

  • Class E Note Balance means, at any time, the Initial Class E Note Balance reduced by all payments of principal made prior to such time on the Class E Notes.

  • Class E Noteholder means the Person in whose name a Class E Note is registered on the Note Register.

  • Required Subordinated Amount of Class C Notes means, for the Class B ( - ) Notes for any date of determination, an amount equal to the sum of

  • Existing Class Loans shall have the meaning assigned to such term in Section 9.08(f).

  • Lead Securitization Subordinate Class Representative means the “Controlling Class Representative” as defined in the Lead Securitization Servicing Agreement or such other analogous term used in the Lead Securitization Servicing Agreement.

  • Note Balance means, with respect to any date of determination, for any Class, the Class A-1 Note Balance, the Class A-2 Note Balance, the Class A-3 Note Balance, the Class B Note Balance, the Class C Note Balance, the Class D Note Balance or the Class E Note Balance, as applicable, or with respect to the Notes generally, the sum of all of the foregoing.

  • MAC Notes The Classes of Modifiable And Combinable STACR® Notes shown on

  • B Notes means each of Note B-1 and Note B-2.

  • NIM Notes The notes to be issued pursuant to the Indenture.

  • Class A-1 Noteholders Interest Carryover Shortfall” means, with respect to any Payment Date, the excess of the Class A-1 Noteholders’ Monthly Accrued Interest for the preceding Payment Date and any outstanding Class A-1 Noteholders’ Interest Carryover Shortfall on such preceding Payment Date, over the amount in respect of interest that is actually paid to Holders of Class A-1 Notes on such preceding Payment Date, plus interest on the amount of interest due but not paid to Holders of Class A-1 Notes on the preceding Payment Date, to the extent permitted by law, at the Class A-1 Interest Rate for the related Interest Period.

  • A-2 Noteholders means the holders of record of the A-2 Notes.

  • Non-Lead Securitization Subordinate Class Representative means the holders of the majority of the class of securities issued in a Non-Lead Securitization designated as the “controlling class” pursuant to the related Non-Lead Securitization Servicing Agreement or their duly appointed representative; provided that if 50% or more of the class of securities issued in any Non-Lead Securitization designated as the “controlling class” or such other class(es) otherwise assigned the rights to exercise the rights of the “Controlling Noteholder” is held by the Mortgage Loan Borrower or an Affiliate of the Mortgage Loan Borrower, no person shall be entitled to exercise the rights of the related Non-Lead Securitization Subordinate Class Representative.

  • Required Subordinated Amount of Class B Notes means, for the Class A(2022-1) Notes for any date of determination, an amount equal to the product of

  • Initial Class A-1 Note Balance means $265,000,000.

  • Outstanding Notes shall have the meaning set forth in Section 7.9(ii).