Controlling Noteholders definition

Controlling Noteholders means the holders of (i) a majority in outstanding principal amount and notional 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-1 Notes, or (iii) if all of the Class A Notes and Class M-1 Notes have been paid in full, a majority in outstanding principal amount of the Class M-2 Notes, or (iv) if all of Class A Notes and Class M Notes have been paid in full, a majority in outstanding principal amount of the Class B Notes.

Controlling Noteholders means Noteholders holding at least 50 per cent. of the Adjusted Principal Balance of the Notes.

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;

Examples of Controlling Noteholders in a sentence

• The Controlling Noteholders, acting unanimously (such permitted electing Subordinate Noteholders, the “Curing Noteholders”)), shall have the right, but not the obligation, to cure such Monetary Default within seven (7) Business Days after receiving the Monetary Default Notice (the “Cure Period”) and at no other times.

• The Controlling Noteholders, acting unanimously (such permitted electing Subordinate Noteholders, the “Curing Noteholders”), shall have the right, but not the obligation, to cure such Monetary Default within seven (7) Business Days after receiving the Monetary Default Notice (the “Cure Period”) and at no other times.

• The Controlling Noteholders agree to inform each such Servicer or Trustee of the then-current 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.

• 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 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.

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.

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.

Controlling Noteholders shall have the meaning ascribed thereto in Section 5.2.

Controlling Noteholders. Meeting" means the meeting of the Controlling Noteholders convened and held in accordance with Condition 15 of the Conditions.

Controlling Noteholders means the holders of the Controlling Notes.

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.