Required Certificateholders definition

Required Certificateholders means the approval of or direction by the Certificateholders holding a majority of the Percentage Interests unless a higher Percentage Interest is specifically required by the terms of this Trust Agreement or applicable law in which case "Required Certificateholders" shall mean such higher Percentage Interest.

Required Certificateholders means such higher Percentage Interest.

Required Certificateholders means the holders of Certificates representing a percentage interest in excess of 50% of the Certificates outstanding.

Examples of Required Certificateholders in a sentence

• Such direction may be exercised at any time by written instruction of the Required Certificateholders or the Administrator.

• Subject to the terms of Section 5.03 hereof, the Delaware Trustee shall take or refrain from taking such action as the Delaware Trustee shall be instructed in writing by the Required Certificateholders.

• Prior to taking any action on behalf of the Trust under this Trust Agreement or the Transaction Documents, the Delaware Trustee may request and, if so requested, shall receive written instructions of the Required Certificateholders or the Administrator specifying the manner in which the Delaware Trustee shall take such action.

• Unless and until otherwise notified in writing by the Required Certificateholders, the Delaware Trustee is hereby authorized and directed to take and receive instructions from the Administrator pursuant to the Administration Agreement with respect to matters relating to the Trust to the same extent and with the same effect and protection as if any such instructions were received from the Required Certificateholders subject to the provisions hereof.

• The Delaware Trustee shall not be liable for any action it takes or omits to take in good faith in reliance on the instructions of such Required Certificateholders or the Administrator.

More Definitions of Required Certificateholders

Required Certificateholders. Holders who hold Certificates evidencing not less than 51% of the aggregate Voting Rights of the Certificates; provided, however, that for purposes of Section 10.05(b), such percentage shall be increased to 66-2/3%.

Required Certificateholders has, with respect to any Series of Notes, the meaning stated in the related Series Supplement.

Required Certificateholders means the holders of Certificates representing in excess of 50% of the aggregate par value of the Certificates outstanding).

Required Certificateholders means those VFC Certificateholders holding VFC Certificates in an aggregate face amount equal to or in excess of 50% of the Aggregate Commitment.

Required Certificateholders means Holders who hold Senior Certificates evidencing at least 51% of the Senior Certificates or, Senior Certificates are no longer outstanding, Holders who hold at least 51% in aggregate Percentage Interest in the Subordinate Certificates; provided, -------- however, that for purposes of Section 10.03(b), such percentage shall be ------- increased from 51% to 66 2/3%.

Required Certificateholders means Certificateholders holding Trust --------------------------- Certificates with an aggregate Stated Amount exceeding 50% of the aggregate Stated Amount of all then outstanding Trust Certificates.

Required Certificateholders means at any time Certificateholders holding, collectively, Limestone Certificates evidencing more than 25% of the aggregate Certificate Face Amount of all Limestone Certificates outstanding. At any time when there are no Certificateholders, the holder of the El Paso Interest shall constitute the "Required Certificateholders." "Second Amended and Restated Trust Agreement" has the meaning set forth in the preliminary statements hereto.