Majority Certificateholder definition

Majority Certificateholder means the Holder of the greatest percentage ownership interest in the Certificate as recorded in the Certificate Register.

Majority Certificateholder. With respect to any specified Class or Classes of Certificates, as of any date of determination, any Holder or particular group of Holders of Certificates of such Class or Classes, as the case may be, entitled to a majority of the Voting Rights allocated to such Class or Classes, as the case may be.

Majority Certificateholder. A Holder of a 50.01% or greater Certificate Percentage Interest of the Certificates.

Examples of Majority Certificateholder in a sentence

• If the election described in the preceding sentence is not available, to the extent applicable, the Depositor (or if the Depositor is no longer a Certificateholder, the Majority Certificateholder) will or will cause the Trust to make the election under Section 6226(a) of the Code with respect to the alternative to payment of imputed underpayment by a partnership and take any other action such as filings, disclosures and notifications necessary or appropriate to effectuate such election.

• The Depositor (or if the Depositor is no longer a Certificateholder, the Majority Certificateholder) is authorized, in its sole discretion, to make any available election with respect to the BBA Partnership Audit Rules and take any action it deems necessary or appropriate to comply with the requirements of the Code and to conduct the Trust’s affairs with respect to the BBA Partnership Audit Rules.

• If the Certificate Registrar resigns or is removed, the Majority Certificateholder, with the consent of the Owner Trustee, shall appoint a successor Certificate Registrar.

• Such Majority Certificateholder shall so designate a Person to so serve by the delivery to the Trustee of a written notice stating such designation, subject to the approval of the Trustee, which approval shall not be unreasonably withheld.

• Each Certificateholder and, if different, each beneficial owner of a Certificate, shall promptly provide the Issuer, Depositor, and if applicable, the Majority Certificateholder, any requested information, documentation or material to enable the Issuer, Depositor, and if applicable, the Majority Certificateholder to make any of the elections described in this clause (d) and otherwise comply with the BBA Partnership Audit Rules.

More Definitions of Majority Certificateholder

Majority Certificateholder means as of any date, the holder of more than 50% interest in the Certificate.

Majority Certificateholder. The Holder or Holders of Certificates evidencing Voting Rights in excess of 51% in the aggregate.

Majority Certificateholder means the holders of more than 50% of the Certificate Balance of the Certificates without regard to the Certificates held by the Depositor.

Majority Certificateholder means, with respect to any particular Class or Classes of Certificates, any Certificateholder entitled to a majority of the Voting Rights allocated to such Class or Classes, as the case may be.

Majority Certificateholder means more than 50% by principal amount of the Certificateholders.

Majority Certificateholder. The Holder or Holders of Class A Certificates evidencing Percentage Interests in excess of 51%.

Majority Certificateholder. The holder of the majority interest in the Certificate, which as of the Closing Date is Funding Co.