Majority Certificateholders definition

Majority Certificateholders. The Holders of Certificates evidencing at least 51% of the Voting Rights.

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Majority Certificateholders means Certificateholders holding in the aggregate more than 50% of the Percentage Interests.

Majority Certificateholders has the meaning assigned to such term in the Trust Agreement.

Examples of Majority Certificateholders in a sentence

The Owner Trustee shall take the actions referred to in the preceding sentence only upon written instructions signed by the Majority Certificateholders.
Except as expressly provided herein, any action that may be taken or consent that may be given or withheld by the Certificateholders under this Agreement shall be effective if such action is taken or such consent is given or withheld by the Majority Certificateholders as of the close of the preceding Distribution Date.
Except as expressly provided herein, any written notice, instruction, direction or other document of the Majority Certificateholders delivered pursuant to this Agreement shall be effective if signed by the Majority Certificateholders.
The Owner Trustee is further authorized from time to time to take such action as the Depositor, the Majority Certificateholders or the Administrator recommends and directs in writing with respect to the Transaction Documents.
In the event of such termination or removal, (1) the Indenture Trustee (acting at the direction of the Requisite Noteholders) or (2) if the aggregate Outstanding Amount of the P&I Notes has been reduced to zero, the Issuing Entity (acting at the direction of the Majority Certificateholders) shall appoint a successor Collateral Custodian.

More Definitions of Majority Certificateholders

Majority Certificateholders shall have the meaning assigned to such term in Section 4.5.

Majority Certificateholders. The Holder or Holders of Trust Certificates evidencing Percentage Interests in excess of 51% in the aggregate.

Majority Certificateholders means certificateholders holding in the aggregate more than 50% of the Percentage Interests.

Majority Certificateholders means the Holder or Holders of Class A Certificates evidencing an undivided beneficial ownership interest in the Class A Certificates in excess of 50% in the aggregate.

Majority Certificateholders. The Holder or Holders of Class A and Class B Certificates evidencing an Aggregate Class A Certificate Principal Balance and Aggregate Class B Certificate Principal Balance in excess of 50% of the Aggregate Class A Certificate Principal Balance and Aggregate Class B Certificate Principal Balance.

Majority Certificateholders means, as of any day, the Holders of Certificates evidencing not less than 51% of the aggregate Certificate Percentage Interests as of such day.

Majority Certificateholders. As defined in the Sale and Servicing Agreement.