Controlling Noteholders definition

Controlling Noteholders means the holders of (i) a majority in outstanding principal amount of Class A Notes, or (ii) if all of the Class A Notes have been paid in full, a majority in outstanding principal amount of the Class M Notes, or (iii) if all of the Class A Notes and Class M Notes have been paid in full, a majority in outstanding principal amount of the Class B Notes.

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Controlling Noteholders means, the Class A-1 Noteholders and the Class A-2 Noteholders that hold a majority of the Adjusted Principal Balance of the combined Class A-1 Notes and the Class A-2 Notes;

Controlling Noteholders shall have the meaning ascribed thereto in Section 5.2.

Examples of Controlling Noteholders in a sentence

The Controlling Noteholders, acting unanimously (such permitted electing Subordinate Noteholders, the “Curing Noteholders”)), shall have the right, but not the obligation, to cure such Monetary Default within seven (7) Business Days after receiving the Monetary Default Notice (the “Cure Period”) and at no other times.
The Controlling Noteholders, acting unanimously (such permitted electing Subordinate Noteholders, the “Curing Noteholders”), shall have the right, but not the obligation, to cure such Monetary Default within seven (7) Business Days after receiving the Monetary Default Notice (the “Cure Period”) and at no other times.
No such Junior Operating Advisor shall owe any fiduciary duty or other duty to any other Person (other than the Controlling Noteholders).
When exercising its various rights under Section 5 and elsewhere in this Agreement, the Controlling Noteholders may, at their option, in each case, act through the Junior Operating Advisor.
None of the Servicers, Operating Advisor and Trustee shall be required to recognize any person as a Junior Operating Advisor until they receive such information from the Controlling Noteholders.

More Definitions of Controlling Noteholders

Controlling Noteholders. Meeting" means the meeting of the Controlling Noteholders convened and held in accordance with Condition 15 of the Conditions.

Controlling Noteholders means the holders of the Class A Notes or if the Class A Notes have been paid in full, the holders of the Class M Notes.

Controlling Noteholders means Noteholders holding at least 50 per cent. of the Adjusted Principal Balance of the Notes.

Controlling Noteholders means the holders of at least 50% of the Outstanding Amount of the Class A Notes (as so designated in the related Indenture Supplement) or, if the Class A Notes have been paid in full, 50% of the Outstanding Amount of the Class B Notes (as so designated in the related Indenture Supplement). The Certificate Trustee as Holder, if applicable, shall vote in accordance with the provisions of the relevant Pass-Through Trust Agreement.

Controlling Noteholders means the holders of the Controlling Notes.

Controlling Noteholders means Holders of more than 50% of the Outstanding Amount of the Series 2010-1 Notes; provided that, at any time that 100% of the Series 2010-1 Notes are owned by the Issuer, the Transferor, the Servicer or any Affiliate of the foregoing Persons, then the “Controlling Noteholders” shall mean the Holders of greater than 50% of the Principal Balance.

Controlling Noteholders. As of any date of determination, Noteholders representing 50.01% or greater of the aggregate Note Principal Balance of the Senior Notes then outstanding, or if the aggregate Note Principal Balance of the Senior Notes has been reduced to zero, Noteholders representing 50.01% or greater of the Note Principal Balance of the most senior Notes then outstanding.

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