Majority Certificateholders definition

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

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.

• The Owner Trustee shall not have the power, except upon the direction of the Majority Certificateholders, to (a) except as expressly provided in the Transaction Documents, sell the Collateral after the termination of the Indenture in accordance with its terms, (b) remove the Administrator under the Administration Agreement pursuant to Section 8 thereof or (c) appoint a successor Administrator under the Administration Agreement pursuant to Section 8 thereof.

• 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.

• The Owner Trustee shall not be required to take any discretionary action to investigate or review any matter without direction from the Majority Certificateholders.

• The Owner Trustee is further authorized from time to time to take such action as the Seller, the Administrator or the Majority Certificateholders direct in writing with respect to the Transaction Documents, except to the extent that this Agreement expressly requires the consent of each Certificateholder for such action.

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 Holders of the Certificates that represent in the aggregate more than 50% of the Voting Interests.

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.