Majority Noteholder definition

Majority Noteholder. The Holder or Holders of Notes representing at least 51% of the aggregate Note Principal Amount of the Class A and Class M Notes.
View Source
Majority Noteholder means the Holder or Holders of Notes representing at least 51% of the Outstanding Amount.
View Source
Majority Noteholder means the Holder or Holders of Notes representing at least 51% of the aggregate Note Principal Amount.
View Source

Examples of Majority Noteholder in a sentence

  • In connection with such appointment and assumption, the Majority Noteholder may make such arrangements for the compensation of such successor servicer out of payments on the Loans as they and such successor servicer shall agree.

  • Prior to the declaration of the acceleration of the maturity of the Notes as provided in Section 5.2 above, the Majority Noteholder may waive any past Default or Event of Default and its consequences except a Default (a) in the payment of principal of or interest on any of the Notes or (b) in respect of a covenant or provision hereof that cannot be modified or amended without the consent of the Holder of each Note.

  • A non-appealable administrative charge of $1.50 will be assessed the UMPIRE and given to the Assigner for each change of assignment.

  • If a successor Indenture Trustee does not take office within 30 days after the retiring Indenture Trustee resigns or is removed, the retiring Indenture Trustee, the Issuer or the Majority Noteholder may petition any court of competent jurisdiction for the appointment of a successor Indenture Trustee.

  • The Majority Noteholder may, on behalf of all Noteholders, waive any events permitting removal of the Master Servicer as master servicer pursuant to this Article VII, provided, however, that the Majority Noteholder may not waive a default in making a required payment on a Note without the consent of each Holder of such Note.


More Definitions of Majority Noteholder

Majority Noteholder. With respect to each Class of Notes, the Holder or Holders of Notes of such Class representing at least 51% of the aggregate Note Principal Balance of such Class. With respect to all the Notes, the Holder or Holders of Notes representing at least 51% of the aggregate Note Principal Balance of all Classes of Notes.
View Source
Majority Noteholder means the Noteholders with a majority of the aggregate principal amount of Notes from time to time. As of the Effective Date, ▇▇▇▇▇ Fargo Bank, National Association shall be the Majority Noteholder.
View Source
Majority Noteholder means a Noteholder or Noteholders holding more than fifty percent (50%) of the aggregate principal balance of the Note.
View Source
Majority Noteholder means Smit▇ ▇▇▇▇▇▇ ▇▇▇tgage Capital Group, Inc. regardless of the amount of Notes held by it.
View Source
Majority Noteholder means those Noteholders that collectively hold more than 50% of the aggregate principal amount of all Notes.
View Source
Majority Noteholder means the Noteholder or Noteholders that own a majority in principal amount of the then outstanding Notes as of any given Record Date.
View Source
Majority Noteholder. The Holder or Holders of Notes representing at least 51% of the aggregate Note Principal Amount of the Class A and Class M Notes. MERS: Mortgage Electronic Registration Systems, Inc., a corporation organized and existing under the laws of the State of Delaware, or any successor thereto.
View Source