Non-Directing Holders means 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 Holders in this Agreement. If Note A-2 has not been included in a Securitization, the Non-Directing Holder with respect to such Note will be the then-current Holder of such Note.
Non-Directing Holders means the holders of any Note other than Note A-1 or, if any of such Notes have 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 the Note A-2 PSA and the Note A-3 PSA to exercise the rights granted to the Non-Directing Holders in this Agreement. If Note A-2 or Note A-3 is no longer in a Securitization, the Non-Directing Holder with respect to such Note will be the then-current Holder of such Note.
Non-Directing Holders means the holders of Note X-0, Xxxx X-0-0, Xxxx X-0, Xxxx X-0, Note A-5, Note A-6, Note A-7 or Note A-8 or, if a 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 C4 PSA, the C1 PSA and the Note A-2-2 PSA to exercise the rights granted to the Non-Directing Holders in this Agreement.
Examples of Non-Directing Holders in a sentence
Subject to the foregoing, each of the Lead Note Holder, the Directing Holder, the Non-Lead Note Holders and the Non-Directing Holders 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).
Subject to the foregoing, each of the Lead Note Holder, the Directing Holder, the Non-Lead Note Holders and the Non-Directing Holders 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 Holders and the Non-Directing Holders 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, the Non-Lead Note Holders and the Non-Directing Holders 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 Affiliate of a Borrower).
Subject to the foregoing, each of the Lead Note Holder, the Directing Holder, the Non-Lead Note Holders and the Non-Directing Holders shall be permitted to bid at any sale of the Defaulted Mortgage Loan (unless such Person is the Borrower or an agent or Affiliate of the Borrower).
More Definitions of Non-Directing Holders
Non-Directing Holders means the Note A-2 Holders or if any of the Note A-2 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-2 PSA; provided, that if at any time 50% or more of any Note (or class of securities issued in a Securitization into which such Note has been deposited 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 Non-Lead Servicing Agreement is) the Borrower or a Borrower Party Affiliate, no such Holder or other Person shall be entitled to exercise any rights of a Non-Directing Holder under this Agreement or the related Non-Lead Servicing Agreement, and there shall be deemed to be no Non-Directing Holder with respect to such Note.
Non-Directing Holders 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.
Non-Directing Holders means the holders of any Note other than Note A-1 or, if any of such Notes have 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 the Note A-2 PSA, the Note A-3 PSA, the Note A-4 PSA and the Note A-5 PSA to exercise the rights granted to the Non-Directing Holders in this Agreement. If Note X-0, Xxxx X-0, Xxxx X-0 or Note A-5 is no longer in a Securitization, the Non-Directing Holder with respect to such Note will be the then-current Holder of such Note.
Non-Directing Holders means the Note A-2-1 Holders, the Note A-2-2 Holders, the Note A-3-1 Holders, the Note A-3-2 Holders, the Note A-4 Holders and the Note A-5 Holders or if any of Note A-2-1, Note A-2-2, Note A-3-1, Note A-3-2, Note A-4 or Note A-5 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-2-1 PSA, the Note A-2-2 PSA, the Note A-3-1 PSA, the Note A-3-2 PSA, the Note A-4 PSA or the Note A-5 PSA, as applicable; provided, that if at any time 50% or more of any Note (or class of securities issued in a Securitization into which such Note has been deposited 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 Non-Lead Servicing Agreement is) the Borrower or a Borrower Party Affiliate, no such Holder or other Person shall be entitled to exercise any rights of a Non-Directing Holder under this Agreement or the related Non-Lead Servicing Agreement, and there shall be deemed to be no Non-Directing Holder with respect to such Note.
Non-Directing Holders means the holders of Note X-0, Xxxx X-0, Xxxx X-0, Note A-5, Note A-6-1 and Note A-6-2 or, if a note is included in a Securitization (other than Note A-1 in the Note A-1 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-2 PSA, the Note A-3 PSA, the Note A-4 PSA, the Note A-5 PSA, the Note A-6-1 PSA and the Note A-6-2 PSA to exercise the rights granted to the Non-Directing Holders in this Agreement; provided, that that if at any time 50% or more of any Note (or class of securities issued in a Securitization into which such Note has been deposited 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 Non-Lead Servicing Agreement is) the Borrower or a Borrower Party Affiliate, no such Holder or other Person shall be entitled to exercise any rights of a Non-Directing Holder under this Agreement or the related Non-Lead Servicing Agreement, and there shall be deemed to be no Non-Directing Holder with respect to such Note.
Non-Directing Holders means the holders of Note X-0, Xxxx X-0 and Note A-4 or, if a note is included in a Securitization (other than Note A-2 in the JPMDB 2017-C7 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-3 PSA and the Note A-4 PSA to exercise the rights granted to the Non-Directing Holders in this Agreement; provided, that that if at any time 50% or more of any Note (or class of securities issued in a Securitization into which such Note has been deposited 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 Non-Lead Servicing Agreement is) the Borrower or a Borrower Party Affiliate, no such Holder or other Person shall be entitled to exercise any rights of a Non-Directing Holder under this Agreement or the related Non-Lead Servicing Agreement, and there shall be deemed to be no Non-Directing Holder with respect to such Note.
Non-Directing Holders means the holders of all or a portion of Note A-1-2 and Note A-2 or, if all or a portion of Note A-1-2 and Note A-2 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 the Note A-1-2 PSA or the Note A-2 PSA to exercise the rights granted to the Non-Directing Holders in this Agreement. If Note A-1-2 or 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.