Controlling Noteholders definition

Controlling Noteholders means the holders of (i) a majority in ----------------------- outstanding principal amount of Class A Notes, or (ii) if all of the Class A Notes have been paid in full, a majority in outstanding principal amount of the Class M Notes, or (iii) if all of the Class A Notes and Class M Notes have been paid in full, a majority in outstanding principal amount of the Class B Notes.
Sample 1
Controlling Noteholders means the holders of the Class A Notes or if the Class A Notes have been paid in full, the holders of the Class M Notes.
Sample 1
Controlling Noteholders. As of any date of determination, Noteholders representing 50.01% or greater of the aggregate Note Principal Balance of the Senior Notes then outstanding, or if the aggregate Note Principal Balance of the Senior Notes has been reduced to zero, Noteholders representing 50.01% or greater of the Note Principal Balance of the most senior Notes then outstanding.
Sample 1

Examples of Controlling Noteholders in a sentence

  • Such written resolutions may be signed in any number of counterparts by the Controlling Noteholders or their representatives.

  • Unanimous Resolution and Special ResolutionResolutions of a Controlling Noteholders’ Meeting are divided into ordinary resolutions, special resolutions and unanimous resolutions:(i) Ordinary resolutions require more than 50% of the votes of the Controlling Noteholders attending the Controlling Noteholders’ Meeting to pass.

  • Written resolutionsA written resolution signed by all the Controlling Noteholders or their representatives shall have the same effect as a special resolution or a unanimous decision passed at a Controlling Noteholders’ Meeting duly held and duly convened in accordance with Condition 15.

  • If the Controlling Noteholders are the Subordinated Noteholders, it shall be the date of the liquidation report.

  • The Controlling Noteholders shall have the right in its sole discretion at any time and from time to time to remove and replace the Junior Operating Advisor.

  • When exercising its various rights under Section 5 and elsewhere in this Agreement, the Controlling Noteholders may, at their option, in each case, act through the Junior Operating Advisor.

  • The Junior Operating Advisor may be any Person (other than the Mortgage Loan Borrower, its principal or any Affiliate of the Mortgage Loan Borrower), including, without limitation, the Controlling Noteholders, any officer or employee of the Controlling Noteholders, any Affiliate of the Controlling Noteholders or any other unrelated third party.

  • Nothing in this subparagraph (b) shall be construed as prohibiting a vote by the Members at a meeting on non-substantive matters as defined in Section 4.04(a), above.

  • All actions that are permitted to be taken by the Controlling Noteholders under this Agreement may be taken by the Junior Operating Advisor acting on behalf of the Controlling Noteholders and other Noteholders (and any Servicer) will accept such actions of the Junior Operating Advisor as actions of the Controlling Noteholders.

  • The Lead Noteholder will reasonably cooperate with the Controlling Noteholders in order to satisfy the foregoing conditions, including the Rating Agency Confirmation.


More Definitions of Controlling Noteholders

Controlling Noteholders means Holders of more than 50% of the Outstanding Amount of the Series 2010-1 Notes; provided that, at any time that 100% of the Series 2010-1 Notes are owned by the Issuer, the Transferor, the Servicer or any Affiliate of the foregoing Persons, then the “Controlling Noteholders” shall mean the Holders of greater than 50% of the Principal Balance.
Sample 1
Controlling Noteholders means the holders of at least 50% of the Outstanding Amount of the Class A Notes (as so designated in the related Indenture Supplement) or, if the Class A Notes have been paid in full, 50% of the Outstanding Amount of the Class B Notes (as so designated in the related Indenture Supplement). The Certificate Trustee as Holder, if applicable, shall vote in accordance with the provisions of the relevant Pass-Through Trust Agreement.
Sample 1
Controlling Noteholders means the holders of the Controlling Notes.
Sample 1
Controlling Noteholders. Meeting" means the meeting of the Controlling Noteholders convened and held in accordance with Condition 15 of the Conditions.
Sample 1
Controlling Noteholders means, the Class A-1 Noteholders and the Class A-2 Noteholders that hold a majority of the Adjusted Principal Balance of the combined Class A-1 Notes and the Class A-2 Notes;
Sample 1
Controlling Noteholders means Noteholders holding at least 50 per cent. of the Adjusted Principal Balance of the Notes.
Sample 1

Related to Controlling Noteholders

  • Controlling Noteholder means as of any date of determination the holder or holders of a majority of the Lead Securitization Note. At any time the Lead Securitization Note is the Controlling Noteholder and is included in the Lead Securitization, references to the “Controlling Noteholder” herein shall mean the holders of the majority of the class of securities issued in the Lead Securitization designated as the “controlling class” (or such lesser amount as permitted under the terms of the Servicing Agreement) or such other class(es) otherwise assigned the rights to exercise the rights of the “Controlling Noteholder” hereunder, as and to the extent provided in the Servicing Agreement.

  • Non-Controlling Noteholder means each Noteholder other than the Controlling Noteholder; provided that, if at any time a Non-Controlling Note (or, at any time a Non-Lead Securitization Note is included in a Securitization, the Non-Lead Securitization Subordinate Class Representative) is held by the Mortgage Loan Borrower or a Mortgage Loan Borrower Related Party, no Person shall be entitled to exercise the rights of such Non-Controlling Noteholder with respect to such Non-Controlling Note.

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

  • Instituting Noteholders has the meaning set forth in Section 7.6(a) of the Indenture.

  • Requisite Noteholders Holders of Notes evidencing not less than a majority of the Outstanding Amount of the Controlling Class.

  • Consenting Noteholders has the meaning set forth in the preamble to this Agreement.

  • Senior Noteholders means the holders of the Senior Notes.

  • Controlling Note Holder means the holder of the Controlling Note; provided that at any time the Controlling Note is included in a Securitization, references to the “Controlling Note Holder” herein shall mean the holders of the majority of the class of securities issued in such Securitization designated as the “controlling class” or any other party that is assigned the rights to exercise the rights of the “Controlling Note Holder” hereunder, as and to the extent provided in the related Securitization Servicing Agreement; provided that for so long as 50% or more of the Controlling Note is held by (or the party assigned the rights to exercise the rights of the “Controlling Note Holder” (as described above) is) the Mortgage Loan Borrower or an Affiliate of the Mortgage Loan Borrower, the Controlling Note (and such party assigned the rights to exercise the rights of the “Controlling Note Holder” as described above) shall not be entitled to exercise any rights of the Controlling Note Holder, and there shall be deemed to be no Controlling Note Holder hereunder. If the Controlling Note is included in a Securitization, the related Securitization Servicing Agreement may contain additional limitations on the rights of the designated party entitled to exercise the rights of the “Controlling Note Holder” hereunder if such designated party is the Mortgage Loan Borrower or if it has certain relationships with the Mortgage Loan Borrower.

  • Majority Noteholders means the Holders of a majority by principal amount of the most senior then outstanding class of Notes.

  • Lead Securitization Noteholder means the holder of the Lead Securitization Note.

  • Required Noteholders has, with respect to any Series of Notes, the meaning stated in the related Series Supplement.

  • 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.

  • Non-Lead Securitization Noteholder herein shall mean the Non-Lead Securitization Subordinate Class Representative under the related Non-Lead Securitization Servicing Agreement, as and to the extent provided in the related Non-Lead Securitization Servicing Agreement and as to the identity of which the Lead Securitization Noteholder (and the Master Servicer and the Special Servicer) has been given written notice. The Lead Securitization Noteholder (or the Master Servicer or the Special Servicer acting on its behalf) shall not be required at any time to deal with more than one party exercising the rights of a “Non-Lead Securitization Noteholder” herein or under the Servicing Agreement and, to the extent that the related Non-Lead Securitization Servicing Agreement assigns such rights to more than one party, for purposes of this Agreement, the Non-Lead Securitization Servicing Agreement shall designate one party to deal with the Lead Securitization Noteholder (or the Master Servicer or the Special Servicer acting on its behalf) and provide written notice of such designation to the Lead Securitization Noteholder (and the Master Servicer and the Special Servicer acting on its behalf) (such party, the “Non-Lead Securitization Noteholder Representative”); provided that, in the absence of such designation and notice, the Lead Securitization Noteholder (or the Master Servicer or the Special Servicer acting on its behalf) shall be entitled to treat the last party as to which it has received written notice as having been designated as the Non-Lead Securitization Noteholder Representative with respect to such Non-Controlling Note for all purposes of this Agreement. Prior to Securitization of any Non-Lead Securitization Note by the Non-Lead Securitization Noteholder (including any New Notes), all notices, reports, information or other deliverables required to be delivered to such Non-Lead Securitization Noteholder pursuant to this Agreement or the Servicing Agreement by the Lead Securitization Noteholder (or the Master Servicer or the Special Servicer acting on its behalf) only need to be delivered to each Non-Lead Securitization Noteholder Representative and, when so delivered to each Non-Lead Securitization Noteholder Representative, the Lead Securitization Noteholder (or the Master Servicer or the Special Servicer acting on its behalf) shall be deemed to have satisfied its delivery obligations with respect to such items hereunder or under the Servicing Agreement. Following Securitization of any Non-Lead Securitization Notes by the Non-Lead Securitization Noteholder, all notices, reports, information or other deliverables required to be delivered to such Non-Lead Securitization Noteholder pursuant to this Agreement or the Servicing Agreement by the Lead Securitization Noteholder (or the Master Servicer or the Special Servicer acting on its behalf) shall be delivered to the related Non-Lead Master Servicer and the related Non-Lead Special Servicer (who then may forward such items to the party entitled to receive such items as and to the extent provided in the related Non-Lead Securitization Servicing Agreement) and, when so delivered to the related Non-Lead Master Servicer and the related Non-Lead Special Servicer, the Lead Securitization Noteholder (or the Master Servicer or the Special Servicer acting on its behalf) shall be deemed to have satisfied its delivery obligations with respect to such items hereunder or under the Servicing Agreement.

  • Controlling Note means Note A-1.

  • Noteholders means the holders of the Notes.

  • Non-Lead Securitization Noteholder Representative shall have the meaning assigned to such term in the definition of “Non-Lead Securitization Noteholder”.

  • 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.

  • Second Lien Noteholders means the holders of Second Lien Notes.

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

  • Majority in Interest of Noteholders means, as of a particular date of determination and subject to Section 2.16 of the Indenture, the holders of at least a majority in aggregate unpaid principal amount of all Equipment Notes outstanding as of such date (excluding any Equipment Notes held by the Company or any Affiliate thereof, it being understood that a Pass Through Trustee shall be considered an Affiliate of the Company as long as more than 50% in the aggregate face amount of Pass Through Certificates issued by the corresponding Pass Through Trust are held by the Company or an Affiliate of the Company or a Pass Through Trustee is otherwise under the control of the Company or such Affiliate of the Company (unless all Equipment Notes then outstanding are held by the Company or any Affiliate thereof, including the Pass Through Trustees which are considered Affiliates of the Company pursuant hereto)); provided that for the purposes of directing any action or casting any vote or giving any consent, waiver or instruction hereunder, any Noteholder of an Equipment Note or Equipment Notes may allocate, in such Noteholder’s sole discretion, any fractional portion of the principal amount of such Equipment Note or Equipment Notes in favor of or in opposition to any such action, vote, consent, waiver or instruction.

  • Senior Noteholder means the Holder of any Senior Note.

  • Controlling Note Holder Representative shall have the meaning assigned to such term in Section 6(a).