Majority of Noteholders definition

Majority of Noteholders means Noteholders holding in excess of 50% of the sum of (i) the Class A-1 Notes Voting Amount with respect to each Series of Class A-1 Notes Outstanding and (ii) the Outstanding Principal Amount of each Series of Notes other than the Class A-1 Notes (excluding any Notes or beneficial interests in Notes held by any Securitization Entity or any Affiliate of any Securitization Entity).

Majority of Noteholders shall have the meaning ascribed to it in Section 11.07(b).

Majority of Noteholders means, as of any date of determination, Noteholders holding more than 50% of the Voting Rights of all Classes of Notes Outstanding as of such date of determination.

Examples of Majority of Noteholders in a sentence

• Upon the occurrence and during the continuance of any Event of Default, the Indenture Trustee shall, solely at the written direction of a Majority of Noteholders, accelerate the maturity of the Notes by declaring all of the Notes immediately due and payable, by written notice to the Issuer and the Back-Up Manager.

• Promptly following request by the Indenture Trustee (at the written direction of a Majority of Noteholders), the Issuer shall, or shall cause each Asset Entity, the Guarantor or the Manager to, provide such documents and instruments as shall be reasonably satisfactory to the Indenture Trustee (at the written direction of a Majority of Noteholders) to evidence compliance with any material provision of the Transaction Documents applicable to such entities.

• If more than one of the foregoing paragraphs shall describe the same condition or event, then the Indenture Trustee will, solely at the written direction of a Majority of Noteholders, have the right to select which paragraph or paragraphs shall apply.

More Definitions of Majority of Noteholders

Majority of Noteholders means the holders of at least 51 per cent. of the outstanding Notes.

Majority of Noteholders means the one or more holders of a Class of Notes representing not less than 50% of the aggregate outstanding Principal Amount of all Notes of such class;

Majority of Noteholders means Noteholders holding in excess of 50% of the Outstanding Principal Amount of each Series of Notes (excluding any Notes or beneficial interests in Notes held by any Securitization Entity, any Affiliate of any Securitization Entity, the Back-Up Manager or any Affiliate of the Back-Up Manager).

Majority of Noteholders means Noteholders holding or representing more than 50 per cent. of the Principal Amount Outstanding of the Euro Notes, Sterling Notes and USD Notes, collectively;