Non-Directing Holder definition

Non-Directing Holder means the Note A-2 Holder or, if Note A-2 is included in a Securitization, the holders of Certificates representing the specified interest in the class of Certificates designated as the “controlling class” or the duly appointed representative of the holders of such Certificates or such other party otherwise entitled under the Note A-2 PSA, to exercise the rights granted to the Non-Directing Holder in this Agreement. If Note A-2 is no longer in a Securitization, the Non-Directing Holder with respect to such Note will be the then-current Holder of such Note.
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Non-Directing Holder means the Holder(s) of more than a fifty percent (50%) percentage interest in any Note other than Note A-1, and if such Note has been included in a Securitization, the holders of Certificates representing the specified interest in the class of Certificates designated as the “controlling class” or the duly appointed representative of the holders of such Certificates or such other party otherwise entitled under each Non-Lead Securitization Servicing Agreement to exercise the rights granted to the related Non-Directing Holder in this Agreement. If a Non-Lead Note is not in a Securitization, the Non-Directing Holder with respect to such Note will be the then-current Holder of such Note.
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Non-Directing Holder means, with respect to any A/B Whole Loan or Loan Pair, the “Non-Directing Holder”, “Non-Controlling Note Holder” or any analogous concept under the related Intercreditor Agreement. The Non-Directing Holder related to the Trust is the “Non-Controlling Note Holder” under the Milford Plaza Fee Intercreditor Agreement.
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Examples of Non-Directing Holder in a sentence

  • Subject to the foregoing, each of the Lead Note Holder, the Directing Holder, the Non-Lead Note Holder and the Non-Directing Holder shall be permitted to submit an offer at any sale of the Defaulted Mortgage Loan (unless such Person is the Borrower or an agent or Affiliate of the Borrower).

  • Any Non-Directing Holder may waive any delivery or timing requirements set forth above only for itself.

  • Subject to the foregoing, each of the Lead Note Holder, the Directing Holder, each Non-Lead Note Holder and each Non-Directing Holder shall be permitted to submit an offer at any sale of the Defaulted Mortgage Loan (unless such Person is a Borrower Party).

  • Subject to the foregoing, each of the Lead Note Holder, the Directing Holder, the Non-Lead Note Holder and the Non-Directing Holder shall be permitted to submit an offer at any sale of the Defaulted Mortgage Loan (unless such Person is a Borrower or a Borrower Party Affiliate).

  • Such notice shall contain contact information for each of the parties to the related PSA and the identity of the Non-Directing Holder under such PSA.

  • Such notice shall contain contact information for each of the parties to the Non-Lead Servicing Agreement and the identity of the Non-Directing Holder under such Securitization.

  • Subject to the foregoing, each of the Lead Note Holder, the Directing Holder, the Non-Lead Note Holder (to the extent the related Non-Lead Note is not included in the Lead Securitization) and the Non-Directing Holder shall be permitted to submit an offer at any sale of the Defaulted Mortgage Loan (unless such Person is a Borrower or an agent or Borrower Party Affiliate).

  • If, after the Closing Date, there is any change in the identity of the Master Servicer or the Controlling Class Representative or other party designated to exercise the rights of the Non-Directing Holder with respect to such Non-Serviced Mortgage Loan, the Master Servicer shall send written notice thereof to the related Non-Serviced Mortgage Loan Master Servicer in accordance with the provisions of the related Intercreditor Agreement (together with the relevant contact information).

  • Subject to the foregoing, each of the Lead Note Holder, the Directing Holder, the Non-Lead Note Holders and the Non-Directing Holder shall be permitted to submit an offer at any sale of the Defaulted Mortgage Loan (unless such Person is a Borrower or a Borrower Party Affiliate).

  • Subject to the foregoing, each of the Lead Note Holder, the Directing Holder, a Non-Lead Note Holder (to the extent the related Non-Lead Note is not included in the Lead Securitization) and the Non-Directing Holder shall be permitted to submit an offer at any sale of the Defaulted Mortgage Loan (unless such Person is a Borrower or an agent or Borrower Party Affiliate).


More Definitions of Non-Directing Holder

Non-Directing Holder means the Holder of any Non-Directing Note or, if such Non-Directing Note is included in a Securitization, the holders of Certificates representing the specified interest in the class of Certificates designated as the “controlling class” or the duly appointed representative of such holders under the related PSA (or such other party under the related PSA that is entitled to exercise the rights of such “Non-Directing Holder” hereunder) or such other party that such Non-Directing Holder grants the right to exercise the rights granted to the related “Non-Directing Holder” in this Agreement; provided, that if at any time 50% or more of any Non-Directing Note (or class of securities issued in a Securitization into which such Note has been deposited that is designated as the “controlling class”) is held by (or such other party otherwise assigned the rights to exercise the rights of the “controlling class” under the related PSA is) the Borrower or a Borrower Party Affiliate, no such Holder or other Person shall be entitled to exercise any rights of the related Non-Directing Holder under this Agreement or the related PSA, and there shall be deemed to be no Non-Directing Holder with respect to such Note.
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Non-Directing Holder means the Note A-1-B Holder, the Note A-2 Holder, the Note A-3-A Holder and the Note A-3-B Holder, or, if the applicable Note is included in a Securitization, holders of Certificates representing the specified interest in the class of Certificates designated as the “controlling class” or the duly appointed representative of the holders of such Certificates or such other party otherwise entitled under the Note A-1-B PSA, the Note A-2 PSA, the Note A-3-A PSA and the Note A-3-B PSA to exercise the rights granted to the Non-Directing Holders in this Agreement.
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Non-Directing Holder means, with respect to any A/B Whole Loan or Loan Pair, the “Non-Directing Holder”, “Non-Controlling Note Holder” or any analogous concept under the related Intercreditor Agreement. The Non-Directing Holders related to the Trust are the “Non-Controlling Note Holder” under the JW Marriott and Fairfield Inn & Suites Intercreditor Agreement and (prior to the Hilton San Francisco Financial District Companion Loan Securitization Date) the “Non-Controlling Note Holder” under the Hilton San Francisco Financial District Intercreditor Agreement.
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Non-Directing Holder means the Note A-2 Holder, the Note A-3 Holder (unless Note A-3 is included in the BBCMS C-17 Securitization) or the Note A-4 Holder or, if Note A-2 or Note A-4 is included in a Securitization, the holders of Certificates representing the specified interest in the class of Certificates designated as the “controlling class” or the duly appointed representative of the holders of such Certificates or such other party otherwise entitled under the Note A-2 PSA or the Note A-4 PSA to exercise the rights granted to the Non-Directing Holder in this Agreement. If Note A-2 or Note A-4 is no longer in a Securitization, the Non-Directing Holder with respect to such Note will be the then-current Holder of such Note.
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Related to Non-Directing Holder

  • Directing Holder means the Holder of Note A-1 or, if Note A-1 is included in a Securitization, the holders of Certificates issued in connection with such Securitization representing the specified interest in the class of Certificates designated as the “Controlling Class” or the duly appointed representative of the holders of such Certificates or such other party that the Note A-1 Holder grants the right to exercise the rights granted to the Directing Holder in this Agreement; provided, that no Borrower Party shall be entitled to act as Directing Holder.

  • Electing Holder means any holder of Registrable Securities that has returned a completed and signed Notice and Questionnaire to the Company in accordance with Section 3(d)(ii) or 3(d)(iii) hereof.

  • Acting Holders means, at the time of determination, Holders of at least 40% of the outstanding CVRs as set forth on the CVR Register.

  • Participating Holder means any Holder of Registrable Securities that has returned a completed and signed Notice and Questionnaire to the Company in accordance with Section 2(b) hereof.

  • Requesting Holder shall have the meaning given in subsection 2.1.1.

  • or "Holder The Person in whose name a Certificate is registered in the Certificate Register, except that a Disqualified Organization or a Non-United States Person shall not be a Holder of a Residual Certificate for any purposes hereof and, solely for the purposes of giving any consent pursuant to this Agreement, any Certificate registered in the name of the Depositor or the Master Servicer or any Affiliate thereof shall be deemed not to be outstanding and the Voting Rights to which it is entitled shall not be taken into account in determining whether the requisite percentage of Voting Rights necessary to effect any such consent has been obtained, except as otherwise provided in Section 11.01. The Trustee and the NIMS Insurer may conclusively rely upon a certificate of the Depositor or the Master Servicer in determining whether a Certificate is held by an Affiliate thereof. All references herein to "Holders" or "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 and the NIMS Insurer shall be required to recognize as a "Holder" or "Certificateholder" only the Person in whose name a Certificate is registered in the Certificate Register.

  • Initiating Holders means, collectively, Holders who properly initiate a registration request under this Agreement.

  • Requesting Holders shall have the meaning given in Section 2.1.5.

  • Ineligible Holder is defined in Section 4.8(c).

  • Controlling Note Holder Representative shall have the meaning assigned to such term in Section 6(a).