Controlling Holders definition

Controlling Holders means in the case of consent or direction to be given hereunder, the Holders of the majority in aggregate principal amount of the outstanding Bonds.

Controlling Holders means, (i) at any time prior to a Collateral Split, both of the Primary Lenders acting together and (ii) at any time after a Collateral Split, with respect to any Loan Agreement and the related Transaction Documents, the holders of a majority of the aggregate outstanding principal amount of the Class A Notes and the Class B Notes governed by such Loan Agreement or, if there are only two holders of such Class A Notes and the Class B Notes, all of such holders of such Class A Notes and the Class B Notes.

Controlling Holders means Neil G. Bluhm and Gregory A. Carlin and their respective trusts. “DGCL” means the General Corporation Law of the State of Delaware.

Examples of Controlling Holders in a sentence

• So long as any Rated Certificates are Outstanding, the Depositor shall maintain legal and beneficial ownership of at least 51% of the Outstanding Principal Amount of the Class D-R Certificates, unless otherwise agreed to by the Controlling Holders.

• Controlling Holder(s) initiating any Demand Registration representing a majority of the Registrable Securities included in such Demand Registration shall have the right to select the investment banker(s) and manager(s) to administer the offering (including assignment of titles), subject to the Corporation’s approval not be unreasonably withheld, conditioned or delayed.

• So long as any Series 2017-VFN Notes remain outstanding, neither the Transferor nor the Servicer will enter into any agreement with a third party that provides for the payment of all or a portion of the remaining Receivables Balance relating to any Contract held by or to be transferred to the Issuer, without the consent of the Series 2017-VFN Controlling Holders.

• The Administrative Agent shall in all cases be fully protected in acting, or in refraining from acting, under any of the Transaction Documents in accordance with a request of the Series 2017-VFN Controlling Holders, and such request and any action taken or failure to act pursuant thereto shall be binding upon all present and future Ownership Group.

• The Corporation also may extend the Suspension Period with the consent of the Controlling Holders holding at least a majority of the Registrable Securities held by all Controlling Holders, which consent shall not be unreasonably withheld.

More Definitions of Controlling Holders

Controlling Holders. The Holders of not less than 51% of the Outstanding Principal Amount (or with respect to any Class during the Funding Period applicable to such Class, the Maximum Series Amount with respect to such Class) of the most senior Class of Certificates then Outstanding (or Classes, if more than one Series is Outstanding).

Controlling Holders has the meaning set forth in the Preamble.

Controlling Holders means (a) Txxxxx X. Xxxxxxx and Rxxxxx X. Xxxxx, acting unanimously, as long as each holds any Registrable Securities (or securities convertible into Registrable Securities), (b) Txxxxx X. Xxxxxxx, if he holds Registrable Securities (or securities convertible into Registrable Securities) and Rxxxxx X. Xxxxx does not hold any Registrable Securities, (c) Rxxxxx X. Xxxxx, if he holds Registrable Securities (or securities convertible into Registrable Securities) but Txxxxx X. Xxxxxxx does not hold any Registrable Securities, or (d) if neither Txxxxx X. Xxxxxxx nor Rxxxxx X. Xxxxx hold any Registrable Securities (or securities convertible into Registrable Securities), the Holders holding a majority of the outstanding Registrable Securities (or securities convertible into Registrable Securities).

Controlling Holders. If any Class A Certificates are then Outstanding, the Holders of not less than 51% of Outstanding Principal Amount of all Series of Class A Certificates; otherwise the Holders of not less than 51% of Outstanding Principal Amount of all Series of Class B Certificates.

Controlling Holders. Holders of Class A Notes representing at least 50% of the Class A Note Balance, and after the Class A Note Balance has been reduced to zero, Holders of Class B Notes representing at least 50% of the Class B Note Balance.

Controlling Holders means, so long as any amounts payable hereunder to the holders of the Class A Notes remain outstanding, the holders of a majority of the aggregate outstanding principal amount of the Class A Notes, and thereafter, so long as any amounts payable hereunder to the holders of the Class B Notes remain outstanding, the holders of the aggregate outstanding principal amount of the Class B Notes.

Controlling Holders means, as of any date, in the case of consent or direction to be given under the Indenture, the Holders of the majority in aggregate principal amount of the then Outstanding Bonds.