Majority Grantor Trust Certificateholders definition

Majority Grantor Trust Certificateholders means Grantor Trust Certificateholders holding in the aggregate more than 50% of the Grantor Trust Percentage Interests.
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Majority Grantor Trust Certificateholders. With respect to the Group I Grantor Trust Certificates or the Group II Grantor Trust Certificates, the Holders of the related Grantor Trust Certificates evidencing in the aggregate greater than 50% of the aggregate Current Principal Amount of all the related Grantor Trust Certificates.
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Examples of Majority Grantor Trust Certificateholders in a sentence

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

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

  • To the extent the Grantor Trust Trustee is required to act at the direction of Grantor Trust Certificateholders other than the Majority Grantor Trust Certificateholders, and receives conflicting directions from Grantor Trust Certificateholders holding equal Grantor Trust Percentage Interests, it shall act in accordance with the earliest-received such direction.

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

  • The Grantor Trust Trustee shall take the actions referred to in the preceding sentence only upon written instructions signed by the Majority Grantor Trust Certificateholders.

Related to Majority Grantor Trust Certificateholders

  • Trust Certificateholder means the Person in whose name a Trust Certificate is registered on the Certificate Register.

  • Certificateholders shall reflect the rights of Certificate Owners as they may indirectly exercise such rights through the Depository and participating members thereof, except as otherwise specified herein; provided, however, that the Trustee shall be required to recognize as a "Holder" or "Certificateholder" only the Person in whose name a Certificate is registered in the Certificate Register.

  • Grantor Trust Certificates Any class of commercial mortgage pass-through certificates issued under this Agreement that is designated as evidencing an interest in the Grantor Trust. The Class S Certificates and the Class VRR Certificates shall be the only Classes of Grantor Trust Certificates issued under this Agreement.

  • Class C Certificateholder means the person in whose name a Class C Certificate is registered on the Certificate Register.

  • Class A-R Certificateholder The registered holder of the Class A-R Certificate.

  • Class B Certificateholder means the Person in whose name a Class B Certificate is registered in the Certificate Register.

  • Class A-PO Certificateholder The registered holder of a Class A-PO Certificate.

  • Certificateholder only the Person in whose name a Certificate is registered in the Certificate Register.

  • Class R Certificateholder The registered Holder of the Class R Certificate.

  • Investor Certificateholder means the holder of record of an Investor Certificate.

  • Holder or Certificateholder The registered owner of any Certificate as recorded on the books of the Certificate Registrar except that, solely for the purposes of taking any action or giving any consent pursuant to this Agreement, any Certificate registered in the name of the Depositor, the Trustee, the Master Servicer, any Servicer or any Affiliate thereof shall be deemed not to be outstanding in determining whether the requisite percentage necessary to effect any such consent has been obtained, except that, in determining whether the Trustee shall be protected in relying upon any such consent, only Certificates which a Responsible Officer of the Trustee knows to be so owned shall be disregarded. The Trustee may request and conclusively rely on certifications by the Depositor, the Master Servicer and any Servicer in determining whether any Certificates are registered to an Affiliate of the Depositor, the Master Servicer or such Servicer.

  • Class A-1 Certificateholder The registered holder of a Class A-1 Certificate.

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

  • Controlling Class Certificateholder Each Holder (or Certificate Owner, if applicable) of a Certificate of the Controlling Class as determined by the Certificate Administrator from time to time.

  • Class A-2 Certificateholder The registered holder of a Class A-2 Certificate.

  • Class A Certificateholder The registered holder of a Class A Certificate.

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

  • Class A-3 Certificateholder The registered holder of a Class A-3 Certificate.

  • REMIC III Certificateholder The Holder of any REMIC III Certificate.

  • Class A-4 Certificateholder The registered holder of a Class A-4 Certificate.

  • Junior Certificateholder The Holder of not less than 95% of the Percentage Interests of the Junior Class of Certificates.

  • Applicable Certificateholder Means the Person in whose name an Applicable Certificate is registered on the Register for the Applicable Certificates.

  • Directing Certificateholder means the “Controlling Class Certificateholder” or other analogous term as defined in the Lead Securitization Servicing Agreement.

  • Lead Securitization Directing Certificateholder means the “Directing Certificateholder” as defined in the Lead Securitization Servicing Agreement.

  • Unaffiliated Certificateholder Any Certificateholder other than the Depositor or an Affiliate of the Depositor.

  • Noteholders means the holders of the Notes.