Controlling Securities definition

Controlling Securities means (i) the Class A Notes so long as the Class A Notes are outstanding, (ii) after the Class A Notes are no longer outstanding, the Class B Notes so long as the Class B Notes are outstanding and (iii) after the Class B Notes are no longer outstanding, the Class C Notes so long as the Class C Notes are outstanding.
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Controlling Securities means the Class A Notes so long as the Class A Notes are outstanding, and after the Class A Notes are no longer outstanding, the Class B Notes so long as the Class B Notes are outstanding.
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Controlling Securities means securities representing 25% or more of the total number of votes that may be cast for the election of the directors of the Company.
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Examples of Controlling Securities in a sentence

  • Prior to the declaration of the acceleration of the maturity of the Notes as provided in Section 5.02, the Holders of Notes of at least a majority of the Outstanding Amount of the Controlling Securities may waive any past Default or Event of Default and its consequences except a Default (a) in payment of principal of or interest on any of the Notes or (b) in respect of a covenant or provision hereof which cannot be modified or amended without the consent of the Holder of each Note.

  • The Holders of Notes evidencing at least a majority of the Outstanding Amount of the Controlling Securities may, on behalf of all Noteholders, waive in writing any default by the Servicer in the performance of its obligations hereunder and its consequences, except a default in making any required deposits to or payments from any of the Trust Accounts or to the Certificateholders in accordance with this Agreement.

  • The Trust Agreement permits, with certain exceptions therein provided, the amendment thereof and the modification of the rights and obligations of the Depositor and the rights of the Certificateholders under the Trust Agreement at any time by the Depositor and the Owner Trustee with the consent of the Certificateholders of at least a majority Percentage Interest in the Trust Certificates and holders of at least a majority of the Outstanding Amount of the Controlling Securities.

  • The Holders of at least a majority of the Outstanding Amount of the Controlling Securities may remove the Indenture Trustee by providing 30 days’ prior written notice to the Indenture Trustee and the Depositor and may appoint a successor Indenture Trustee.


More Definitions of Controlling Securities

Controlling Securities means (i) the Class A Notes so long as the Class A Notes are outstanding, (ii) after the Class A Notes are no longer outstanding, the Class B Notes so long as the Class B Notes are outstanding, (iii) after the Class B Notes are no longer outstanding, the Class C Notes so long as the Class C Notes are outstanding, (iv) after the Class C Notes are no longer outstanding, the Class D Notes so long as the Class D Notes are outstanding and (v) after the Class D Notes are no longer outstanding, the Class E Notes so long as the Class E Notes are outstanding.
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Controlling Securities means (a) prior to the Company's initial public offering of its common stock registered under the Securities Act of 1933 (an "IPO"), securities representing 50% or more of the total number of votes that may be cast for the election of the directors of the Company, excluding securities acquired pursuant to an employee stock ownership plan or program of the Company now or hereafter existing; or (b) after the Company's IPO, securities representing 25% or more of the total number of votes that may be cast for the election of the directors of the Company.
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Controlling Securities means the Class A-1, Class A-2, Class A-3 and Class A-4 Notes so long as any Class A Notes are outstanding, and the Class B Notes thereafter.
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Controlling Securities means (i) the Class A Notes so long as the Class A Notes are outstanding[,] [and] (ii) after the Class A Notes are no longer outstanding, the Class B Notes so long as the Class B Notes are outstanding[,] [and] [(iii) after the Class B Notes are no longer outstanding, the Class C Notes so long as the Class C Notes are outstanding] [,] [and] [(iv) after the Class C Notes are no longer outstanding, the Class D Notes so long as the Class D Notes are outstanding] [and (v) after the Class D Notes are no longer outstanding, the Class E Notes so long as the Class E Notes are outstanding].
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Controlling Securities means the Class X-0, Xxxxx X-0, Class A-3 and ---------------------- Class A-4 Notes.
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Controlling Securities means the Notes.
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Related to Controlling Securities

  • Closing Securities shall have the meaning ascribed to such term in Section 2.1(a)(ii).

  • Qualifying Securities means securities issued by the Issuer that:

  • Controlling Secured Parties means, with respect to any Shared Collateral, the Series of First Lien Secured Parties whose Authorized Representative is the Applicable Authorized Representative for such Shared Collateral.

  • Underlying Securities means any securities issuable on conversion, exchange or exercise of compensation securities.

  • APM Qualifying Securities means, with respect to an Alternative Payment Mechanism, any Debt Exchangeable for Preferred Equity or any Mandatory Trigger Provision, one or more of the following (as designated in the transaction documents for any Qualifying Capital Securities that include an Alternative Payment Mechanism or a Mandatory Trigger Provision or for any Debt Exchangeable for Preferred Equity, as applicable):

  • Company Voting Securities means the combined voting power of all outstanding voting securities of the Company entitled to vote generally in the election of directors to the Board.

  • Outstanding Voting Securities of any Person means the outstanding securities of such Person entitling the holders thereof to vote generally in the election of directors of such Person.

  • Outstanding Company Voting Securities means the combined voting power of the then-outstanding voting securities of the Company entitled to vote generally in the election of directors.

  • Non-Controlling Secured Parties means, with respect to any Shared Collateral, the First Lien Secured Parties which are not Controlling Secured Parties with respect to such Shared Collateral.

  • Controlling shareholding means not less than 51% of the voting rights or paid up share capital in the Company/Consortium.

  • Controlling Shareholders means controlling shareholders of the Company, as such term is defined in the Ordinance.

  • Voting Securities means any securities of the Company that vote generally in the election of directors.

  • Controlling Note means Note A-1.

  • Controlling ownership interested means ownership of or entitlement to more than twenty five percent of shares or capital or profits of the Company;

  • Controlling ownership interest means ownership of or entitlement to more than twenty-five percent of shares or capital or profits of the company;

  • Existing Secured Notes means the previously issued debt securities of the Issuers outstanding on the date hereof.

  • Controlling Persons means the natural persons who exercise control over an Entity. In the case of a trust, such term means the settlor, the trustees, the protector (if any), the beneficiaries or class of beneficiaries, and any other natural person exercising ultimate effective control over the trust, and in the case of a legal arrangement other than a trust, such term means persons in equivalent or similar positions. The term “Controlling Persons” shall be interpreted in a manner consistent with the Financial Action Task Force Recommendations.

  • Controlling Person With respect to any Person, any other Person who “controls” such Person within the meaning of the Securities Act.

  • Controlling Shareholder means any shareholder owning more than fifty

  • Permitted Securities means any of the following: