Required Series Holders definition

Required Series Holders means with respect to any action to be taken by Investor Certificateholders of any Series, unless otherwise specified in the related Supplement, Investor Certificateholders that evidence at least 66-2/3% of the principal amount of those Certificates.
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Required Series Holders means the Required Series 1998-4 Certificateholders.
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Required Series Holders means Holders whose Series 1996-3 Certificates evidence at least 66 2/3% of the aggregate Stated Amount of the Series 1996-3 Certificates, or if the aggregate Stated Amount shall have been reduced to zero, Holders whose Series 1996-3 Certificates evidence at least 66 2/3% of the outstanding principal amount of the Series 1996-3 Certificates.
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Examples of Required Series Holders in a sentence

  • Upon the occurrence and continuance of any other Early Amortization Event, after the applicable grace period, if any, set forth in such subsection, Trustee may (and, at the direction of the Required Series Holders, shall) by notice then given in writing to Transferor and Servicer, declare that an Early Amortization Period has commenced as of the date of Transferor's receipt of the notice.

  • This Supplement may be amended, modified or waived from time to time by Servicer, Transferor and Trustee with the consent of the Required Series Holders or the Holders of Series 1996-1 Certificates (as applicable) to the extent permitted by Section 13.1 of the Pooling Agreement and Section 10.1 of the Certificate Purchase Agreement, and the terms of that section shall apply to any such amendment, modification or waiver.

  • Upon the occurrence and continuance of any event described in any subsection above (including subsection 6.1(a), (c), (d), (e), (h), (i), (j), (k) or (l)), after the applicable grace period, if any, set forth in such subsection, if so directed by the Required Series Holders of Series 1996-2, Trustee shall by notice then given in writing to Transferor and Servicer, declare that an Early Amortization Period has commenced as of the date of Transferor's receipt of the notice.

  • This Supplement also may be amended, modified or waived from time to time by the Servicer, ARC and the Trustee with the consent of the Required Series Holders of the Series 1997-1 Certificates to the extent permitted by Section 13.01 of the Pooling Agreement, and the terms of that section shall apply to any such amendment, modification or waiver.

  • This Supplement also may be amended, modified or waived from time to time by Servicer, Transferor and Trustee with the consent of the Required Series Holders of each Series in Group I to the extent permitted by Section 13.1 of the Pooling Agreement, and the terms of that section shall apply to any such amendment, modification or waiver.

  • On the tenth day after Transferor receives notice or otherwise becomes aware of the occurrence of any Early Amortization Event described in subsection 6.1(a), (e) or (h) an Early Amortization Period shall commence without any notice or other action on the part of Trustee or the Series 1996-3 Holders, unless waived by the Required Series Holders or, in the case of subsection 6.1(a) or (h), is otherwise cured prior to such tenth day.

  • In the event of any Servicer Default, so long as such Servicer Default shall not have been remedied, Transferor shall, at the direction of the Trustee or the Required Series Holders for each outstanding Series, by notice then given in writing to Servicer (a "Termination Notice"), terminate all (but not less than all) the rights and obligations of Servicer as Servicer under this Agreement and in and to the Receivables, the Related Transferred Assets and the proceeds thereof.

  • Upon the occurrence and continuance of any event described in any subsection above (including subsection 6.1(a), (c), (d), (e), (h), (i) or (j), (k) or (l)), after the applicable grace period, if any, set forth in such subsection, if so directed by the Required Series Holders, Trustee shall by notice then given in writing to Transferor and Servicer, declare that an Early Amortization Period has commenced as of the date of Transferor's receipt of the notice.

  • The provisions of this Supplement may also be amended, modified or waived from time to time by the Servicer, the Issuer, the Trustee and the Administrative Agent with the consent of the Required Series Holders of Series 1995-1 Notes to the extent permitted by Sections 14.02 and 14.03 of the Indenture, and otherwise with the consent of all holders of the Series 1995-1 Notes, and, in each case, the terms of Sections 14.03 and 14.04 shall apply to any such amendment, modification or waiver.

  • The Required Series page 69 Holders for each outstanding Series or Transferor, acting at the direction of the Required Series Holders for each outstanding Series, may, on behalf of Transferor and all Holders of each Series, waive in writing any Servicer Default hereunder and its consequences.


More Definitions of Required Series Holders

Required Series Holders means, at any time with respect to any action to be taken by Holders of any Series of Notes, the holders of such Notes of such Series the aggregate Outstanding Principal Balance of which, collectively, represent more than 66-2/3% of the aggregate Outstanding Principal Balances of all of the outstanding Notes of such Series at such time, PROVIDED, that with respect to any outstanding Series of Revolving Notes in respect of which there is no Outstanding Principal Balance at such time, "REQUIRED SERIES HOLDERS" shall mean the holders of such Notes of such Series the aggregate Outstanding Principal Balance of which, collectively, represent more than 66- 2/3% of the aggregate Stated Amount of all of the outstanding Notes of such Series at such time.
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Required Series Holders means the holders of such Notes of such Series the aggregate Outstanding Principal Balance of which, collectively, represent more than 66- 2/3% of the aggregate Stated Amount of all of the outstanding Notes of such Series at such time.
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Required Series Holders or "Required Series 1998-3 Certificateholders" means Holders whose Series 1998-3 Certificates evidence at least 66 2/3% of the Series 1998-3 Invested Amount.
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Required Series Holders means the Required Purchasers.
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Required Series Holders means with respect to any action to be taken by Investor Certificateholders, Investor Certificateholders that evidence at least 66-2/3% of the principal amount of those Certificates.
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Related to Required Series Holders

  • Eligible Holders has the meaning set forth in Section 2.01(a).

  • Preferred Holders means the record owners of outstanding Preferred Securities.

  • Certificateholders' Principal Distributable Amount means, with respect to any Distribution Date, an amount equal to zero until the outstanding principal amount of each Class of Notes has been reduced to zero, and thereafter, an amount equal to the Principal Distribution Amount (as reduced by the Noteholders’ Principal Distributable Amount, if any for such Distribution Date) for such Distribution Date.

  • Majority Participating Holders means Participating Holders holding more than 50% of the Registrable Securities proposed to be included in any offering of Registrable Securities by such Participating Holders pursuant to Section 2.1 or Section 2.2.

  • Majority in liquidation amount of the Capital Securities means Holder(s) of outstanding Capital Securities, voting together as a class, but separately from the holders of Common Securities, of more than 50% of the aggregate liquidation amount (including the stated amount that would be paid on redemption, liquidation or otherwise, plus accrued and unpaid Distributions to the date upon which the voting percentages are determined) of all Capital Securities then outstanding.

  • Noteholders’ Regular Principal Distributable Amount With respect to the Notes, for any Distribution Date, the lesser of:

  • Majority Holders means the Holders of a majority of the aggregate principal amount of Securities registered under a Registration Statement.

  • Majority in Liquidation Amount of the Preferred Securities means a vote by the Holder(s), voting separately as a class, of more than fifty percent (50%) of the aggregate Liquidation Amount of all then outstanding Preferred Securities issued by the Issuer.

  • Noteholders’ Principal Distributable Amount means, with respect to any Distribution Date, (other than the Final Scheduled Distribution Date for any Class of Notes), the sum of the Principal Distributable Amount for such Distribution Date and the Noteholders’ Principal Carryover Amount, if any, as of the close of business on the preceding Distribution Date. The Noteholders’ Principal Distributable Amount on the Final Scheduled Distribution Date for any Class of Notes will equal the sum of (i) the Principal Distributable Amount for such Distribution Date, (ii) the Noteholders’ Principal Carryover Amount as of such Distribution Date, and (iii) the excess of the outstanding principal amount of such Class of Notes, if any, over the amounts described in clauses (i) and (ii).

  • Class B Principal Distribution Amount With respect to any Distribution Date the excess of (i) the sum of (a) the aggregate Certificate Principal Balance of the Class 1-A, Class 2-A, Class 3-A and Class A Certificates (after taking into account distributions of the Class 1-A, Class 2-A, Class 3-A and Class A Principal Distribution Amounts for such Distribution Date), (b) the Certificate Principal Balance of the Class M-1 Certificates (after taking into account distribution of the Class M-1 Principal Distribution Amount on such Distribution Date), (c) the Certificate Principal Balance of the Class M-2 Certificates (after taking into account distribution of the Class M-2 Principal Distribution Amount on such Distribution Date), (d) the Certificate Principal Balance of the Class M-3 Certificates (after taking into account distribution of the Class M-3 Principal Distribution Amount on such Distribution Date), (e) the Certificate Principal Balance of the Class M-4 Certificates (after taking into account distribution of the Class M-4 Principal Distribution Amount on such Distribution Date), (f) the Certificate Principal Balance of the Class M-5 Certificates (after taking into account distribution of the Class M-5 Principal Distribution Amount on such Distribution Date), (g) the Certificate Principal Balance of the Class M-6 Certificates (after taking into account distribution of the Class M-6 Principal Distribution Amount on such Distribution Date), (h) the Certificate Principal Balance of the Class M-7 Certificates (after taking into account distribution of the Class M-7 Principal Distribution Amount on such Distribution Date and (i) the Certificate Principal Balance of the Class B Certificates immediately prior to such Distribution Date over (ii) the lesser of (x) 97.50% of the aggregate Stated Principal Balance of the Mortgage Loans for such Distribution Date and (y) the aggregate Stated Principal Balance of the Mortgage Loans for such Distribution Date minus the OC Floor; provided, however, that if the Class B Certificates are the only Class of Subordinate Certificates outstanding on such Distribution Date, the Class B Certificates will be entitled to receive the entire remaining Principal Distribution Amount for all three Loan Groups until the Certificate Principal Balance thereof is reduced to zero.

  • Note B Percentage Interest means a fraction, expressed as a percentage, the numerator of which is the Note B Principal Balance and the denominator of which is the sum of the Note A Principal Balance and the Note B Principal Balance.

  • Class B Noteholders’ Principal Distribution Amount means, for any distribution date, the Principal Distribution Amount times the Class B Percentage for that distribution date, plus any Class B Note Principal Shortfall as of the close of business on the preceding distribution date; provided that the Class B Noteholders’ Principal Distribution Amount will not exceed the principal balance of the class B notes.In addition, on the class B maturity date, the principal required to be distributed to the class B noteholders will include the amount required to reduce the outstanding principal balance of the class B notes to zero.

  • Majority in Interest of Noteholders means, as of a particular date of determination and subject to Section 2.16 of the Indenture, the holders of at least a majority in aggregate unpaid principal amount of all Equipment Notes outstanding as of such date (excluding any Equipment Notes held by the Company or any Affiliate thereof, it being understood that a Pass Through Trustee shall be considered an Affiliate of the Company as long as more than 50% in the aggregate face amount of Pass Through Certificates issued by the corresponding Pass Through Trust are held by the Company or an Affiliate of the Company or a Pass Through Trustee is otherwise under the control of the Company or such Affiliate of the Company (unless all Equipment Notes then outstanding are held by the Company or any Affiliate thereof, including the Pass Through Trustees which are considered Affiliates of the Company pursuant hereto)); provided that for the purposes of directing any action or casting any vote or giving any consent, waiver or instruction hereunder, any Noteholder of an Equipment Note or Equipment Notes may allocate, in such Noteholder’s sole discretion, any fractional portion of the principal amount of such Equipment Note or Equipment Notes in favor of or in opposition to any such action, vote, consent, waiver or instruction.

  • Class B Percentage Interest As of any date of determination, with respect to the Class B Certificates, a percentage interest equal to a fraction, the numerator of which is the Class Principal Balance of the Class B Certificates on such date, and the denominator of which is the Class Principal Balance of the Class B Regular Interest on such date.

  • Class B LP Units means, collectively, the Class B limited partnership units of the Partnership, and “Class B LP Unit” means any one of them.

  • Regular Principal Distribution Amount means, with respect to any Payment Date, an amount equal to (a) the excess, if any, of (i) the Note Balance as of such Payment Date (before giving effect to any principal payments made on the Notes on such Payment Date), over (ii) the excess, if any, of the Adjusted Pool Balance as of the end of the related Collection Period less the Overcollateralization Target Amount minus (b) the sum of the First Priority Principal Distribution Amount and the Second Priority Principal Distribution Amount for such Payment Date.

  • Participating Holders means all Holders of Registrable Securities which are proposed to be included in any offering of Registrable Securities pursuant to Section 2.1 or Section 2.2.

  • Floating Investor Percentage means, with respect to any Monthly Period, the percentage equivalent of a fraction, the numerator of which is the Adjusted Investor Interest as of the close of business on the last day of the prior Monthly Period (or with respect to the first Monthly Period, the Initial Investor Interest) and the denominator of which is the greater of (a) the sum of (i) the aggregate amount of Principal Receivables as of the close of business on the last day of the prior Monthly Period (or with respect to the first calendar month in the first Monthly Period, the aggregate amount of Principal Receivables in the Trust as of the close of business on the day immediately preceding the Closing Date, and with respect to the second calendar month in the first Monthly Period, the aggregate amount of Principal Receivables as of the close of business on the last day of the first calendar month in the first Monthly Period) and (ii) the Excess Funding Amount as of the close of business on such last day of the prior Monthly Period and (b) the sum of the numerators used to calculate the Investor Percentages (as such term is defined in the Agreement) for allocations with respect to Finance Charge Receivables, Default Amounts or Principal Receivables, as applicable, for all outstanding Series on such date of determination; provided, however, that with respect to any Monthly Period in which an Addition Date occurs or in which a Removal Date occurs, the amount determined pursuant to clause (a)(i) hereof shall be the quotient of (A) the sum of (I) the aggregate amount of Principal Receivables in the Trust as of the close of business on the last day of the prior Monthly Period multiplied by the actual number of days in the period from and including the first day of such Monthly Period to but excluding the related Addition Date or Removal Date and (II) the aggregate amount of Principal Receivables in the Trust as of the beginning of the day on the related Addition Date or Removal Date after adjusting for the aggregate amount of Principal Receivables added to or removed from the Trust on the related Addition Date or Removal Date, multiplied by the actual number of days in the period from and including the related Addition Date or Removal Date to and including the last day of such Monthly Period divided by (B) the actual number of days in such Monthly Period.

  • Class A Noteholders’ Principal Distribution Amount means, for any distribution date, the Principal Distribution Amount times the Class A Percentage for that distribution date, plus any Class A Note Principal Shortfall as of the close of business on the preceding distribution date; provided that the Class A Noteholders’ Principal Distribution Amount will not exceed the outstanding principal balance of the class A notes, less all amounts, other than investment earnings, on deposit in the accumulation account.In addition, on the maturity date for any class of class A notes, the principal required to be distributed to the related noteholders will include the amount required to reduce the outstanding principal balance of that class to zero.

  • Required Subordinated Amount of Class D Notes means, for the Class C( - ) Notes for any date of determination, an amount equal to the sum of

  • Class B Principal Distributable Amount means, for any Distribution Date: (A) during the Revolving Period, zero; and (B) during the Amortization Period, an amount equal to the lesser of: (i) the positive difference of (x) Available Funds remaining after payment of the amounts set forth in clauses (i) through (iv) of Section 5.08(a) hereto minus (y) the Class A Principal Distributable Amount and (ii) the Class B Note Balance; provided, however, on the Class B Stated Final Maturity Date, the Class B Principal Distributable Amount will equal the Class B Note Balance.

  • participating class means a class of shares title to which is permitted by an Operator to be transferred by means of a relevant system;

  • Class A LP Units means the Class A limited partnership units of the Partnership.

  • Certificate Principal Distributable Amount means, with respect to any Payment Date, the sum of the Certificate Monthly Principal Distributable Amount for each Payment Date and any outstanding Certificate Principal Carryover Shortfall as of the close of the immediately preceding Payment Date; provided, however, that the Certificate Principal Distributable Amount shall not exceed the Certificate Balance. In addition, on the Payment Date as of which all of the Receivables are to be purchased pursuant to Section 8.01, the principal required to be deposited into the Certificate Distribution Account will include the amount necessary to reduce the Certificate Balance to zero.

  • Requesting Noteholders shall have the meaning ascribed thereto in Section 12.01 of the Indenture.

  • Noteholders’ Distributable Amount means, with respect to any Distribution Date, the sum of the Noteholders’ Principal Distributable Amount and the Noteholders’ Interest Distributable Amount.