Majority Securityholders. Until such time as the sum of the Class Principal Amounts of all Classes of Notes has been reduced to zero, the holder or holders of in excess of 50% of the aggregate Class Principal Amount of all Classes of Notes (accordingly, the holder of the Trust Certificate shall be excluded from any rights or actions of the Majority Securityholders during such period); and thereafter, the holder or holders of in excess of 50% of the Percentage Interests of the Trust Certificate.
Majority Securityholders. The holder or holders of in excess of 50% of the Note Balance of the Notes, and following the reduction of the aggregate Note Balance of the Notes to zero, the holders of the Residual Certificates (voting collectively as a single class).
Majority Securityholders. Subject to Section 12.14, (i) until such time as the sum of the Class Principal Balances of all Classes of Notes has been reduced to zero, the holder or holders of in excess of 50% of the Class Principal Balance of all Classes of Notes (accordingly, the holders of the Certificates shall be excluded from any rights or actions of the Majority Securityholders during such period); and (ii) thereafter, the holder or holders of in excess of 50% of the Percentage Interest of the Residual Interest Instruments.
Examples of Majority Securityholders in a sentence
A resolution in writing signed by or on behalf of the Majority Securityholders who for the time being are entitled to receive notice of a meeting in accordance with these provisions shall for all purposes be as valid as a resolution passed at a meeting of Securityholders convened and held in accordance with these provisions.
The Trustee shall not be liable for any action taken, suffered or omitted by it in good faith and believed by it in good faith to be authorized or within the discretion or rights or powers conferred upon it by this Indenture or with respect to any action it takes or omits to take in good faith in accordance with a direction received by it from the Majority Securityholders.
More Definitions of Majority Securityholders
Majority Securityholders means, at any time, any one or more holders holding Capital Securities or being proxies or representatives in respect of Capital Securities and representing, in the aggregate, more than 50 per cent. of the aggregate principal amount of all Capital Securities then outstanding;
Majority Securityholders. In the case that an Insurer Default shall have occurred and is continuing, and until such time as the sum of the Note Principal Amounts of the Notes has been reduced to zero, the holder or holders of in excess of 50% of the aggregate Note Principal Amount (accordingly, the holder of the Residual Certificates shall be excluded from any rights or actions of the Majority Securityholders during such period); and thereafter, the holder of the Residual Certificates.
Majority Securityholders means the holders of more than 50% in aggregate principal amount of the Securities then Outstanding at any time.
Majority Securityholders. The holder or holders of in excess of 50% of the Class Principal Balance of all Classes of Notes.
Majority Securityholders. (i) Until such time as the sum of the Aggregate Note Principal Balance has been reduced to zero, the holder or holders of in excess of 50% of the Class Principal Balance of all Classes of Notes (as a result of which the holders of the Certificates and the Residual Instruments shall be excluded from any rights or actions of the Majority Securityholders during such period); (ii) thereafter and until such time as the Class Principal Balance of the Certificate has been reduced to zero, the holder or holders of in excess of 50% of the Class Principal Balance of the Certificates (as a result of which the holders of the Residual Instruments shall be excluded from any rights or actions of the Majority Securityholders during such period); and (iii) thereafter, the holder or holders of in excess of 50% of the Percentage Interest of the Residual Instruments.
Majority Securityholders means the Majority Noteholders and Holders of at least a majority of the Class Principal Balance of the outstanding Class B-1 Certificates; provided, however, that any Class B-1 Certificates held by Fannie Mae will be disregarded for such purposes (unless at such time all outstanding Class B-1 Certificates are held by Fannie Mae).
Majority Securityholders. The Holder or Holders of Securities evidencing Percentage Interests in excess of 51% of each Class outstanding.