Majority Controlling Class Certificateholder definition

Majority Controlling Class Certificateholder. As of any date, the Controlling Class Certificateholder owning a majority of the Percentage Interests in the Controlling Class.

Majority Controlling Class Certificateholder. The Holder(s) of Certificates representing more than 50% of the aggregate Certificate Balance of the Controlling Class that are not Holders of the RR Interest.

Majority Controlling Class Certificateholder means, as of any date of determination, any single Holder or group of Holders of Certificates representing a majority of the Voting Rights allocated to the Class of Principal Balance Certificates that constitutes, or the Classes of Principal Balance Certificates that constitute, the Controlling Class as of such date of determination.

Examples of Majority Controlling Class Certificateholder in a sentence

• Such notice shall set forth the process established by the Trustee for selecting a Controlling Class Representative, which process may include the designation of the Controlling Class Representative by the Majority Controlling Class Certificateholder by a writing delivered to the Trustee.

• Following the expiration of such 15-day period, and subject to Section 3.18(d) and any applicable co-lender, intercreditor or similar agreement, the Majority Controlling Class Certificateholder shall again have the right to exercise its Purchase Option prior to any exercise of the Purchase Option by the Special Servicer.

• Such notice shall set forth the process established by the Trustee for selecting a Controlling Class Representative, which process may include the designation of the Controlling Class Representative by the related Majority Controlling Class Certificateholder by a writing delivered to the Trustee.

• The Majority Controlling Class Certificateholder shall be entitled to remove any existing Controlling Class Representative by giving written notice to the Certificate Administrator and to such existing Controlling Class Representative.

• Such notice shall set forth the process for selecting a Controlling Class Representative, which shall be the designation of the Controlling Class Representative by the Majority Controlling Class Certificateholder by a writing delivered to the Certificate Administrator.

• The Agreement permits, but does not require, a Master Servicer, the Special Servicer or the Majority Controlling Class Certificateholder to purchase from the Trust Fund all Mortgage Loans and any REO Properties remaining therein.

• The undersigned Option Holder [is the Special Servicer] [is the Majority Controlling Class Certificateholder] [is __________________________] [acquired its Purchase Option from the [Special Servicer] [Majority Controlling Class Certificateholder] on _________.] The undersigned Option Holder is exercising its Purchase Option at the cash price of $______________, which amount equals or exceeds the related Option Price, as defined in Section 3.18(c) of the Pooling and Servicing Agreement.

• The Majority Controlling Class Certificateholder may request that earthquake insurance be secured for one or more Mortgaged Properties at the expense of the Majority Controlling Class Certificateholder.

• PSA § 1.01 (definitions of ―Controlling Class‖ and ―Controlling Class Representative‖).Voting Rights definition expressly lists three circumstances under which the ARA is not to be considered for purposes of calculating Voting Rights, namely, when determining the Controlling Class, the Controlling Class Representative, or the Majority Controlling Class Certificateholder.

• Viewing that evidence in the light most favorable to C-III, it ultimately may support a finding that C3 Initial Assets mistakenly believed that the Designation Power was vested in the Majority Controlling Class Certificateholder, not that C3 Initial Assets held the view that the ARA is not to be considered when calculating Voting Rights for purposes of the Designation Power.

More Definitions of Majority Controlling Class Certificateholder

Majority Controlling Class Certificateholder. As of any date of determination, any single Holder (or, in the case of a Class of Book-Entry Certificates, Certificate Owner) of Certificates (other than any Holder (or, in the case of a Class of Book-Entry Certificates, Certificate Owner) that is an Affiliate of the Depositor or a Mortgage Loan Seller) entitled to greater than 50% of the Voting Rights allocated to the Controlling Class; provided, however, that, if there is no single Holder (or, in the case of a Class of Book-Entry Certificates, Certificate Owner) of Certificates entitled to greater than 50% of the Voting Rights allocated to such Class, then the Majority Controlling Class Certificateholder shall be the single Holder (or, in the case of a Class of Book-Entry Certificates, Certificate Owner) of Certificates with the largest percentage of Voting Rights allocated to such Class. With respect to determining the Majority Controlling Class Certificateholder, the Senior Class A Certificates shall be deemed to be a single Class of Certificates, with the applicable Voting Rights allocated among the Holders (or, in the case of a Class of Book-Entry Certificates, Certificate Owners) of such Certificates in proportion to the respective Certificate Principal Balances of such Certificates as of such date of determination.

Majority Controlling Class Certificateholder. The single largest Holder or Beneficial Owner of Certificates of the Controlling Class by Certificate Balance from time to time (provided that such single largest Holder or Beneficial Owner owns more than 45% of the Certificate Balance of the Controlling Class).

Majority Controlling Class Certificateholder. The "Majority Controlling Class Certificateholder" as defined in the LB-UBS 2005-C3 Pooling and Servicing Agreement.

Majority Controlling Class Certificateholder. As of any date of determination, the Majority Certificateholder of the Class of Sequential Pay Certificates that constitutes the Controlling Class as of such date of determination.