Majority Certificateholders definition

Majority Certificateholders. The Holders of Certificates evidencing at least 51% of the Voting Rights.
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Majority Certificateholders means Certificateholders holding in the aggregate more than 50% of the Percentage Interests.
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Majority Certificateholders has the meaning assigned to such term in the Trust Agreement.
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Examples of Majority Certificateholders in a sentence

  • The Owner Trustee shall take the actions referred to in the preceding sentence only upon written instructions signed by the Majority Certificateholders and the furnishing of indemnification satisfactory to the Owner Trustee by the Majority Certificateholders.

  • The Indenture Trustee (at the direction of the Majority Noteholders) or, following the discharge of the Indenture, the Owner Trustee (acting at the direction of the Majority Certificateholders) shall have the right to appoint an eligible successor Custodian.

  • After the termination of the Indenture, the Majority Certificateholders are authorized to direct the Owner Trustee to sell the Receivables that are a part of the Owner Trust Estate notwithstanding any contrary direction from the Depositor or Servicer.

  • The Depositor or the Majority Certificateholders may revoke such power and remove the Certificate Paying Agent if the Depositor or the Majority Certificateholders determines, in its or their sole discretion, as the case may be, that the Certificate Paying Agent shall have failed to perform its obligations under this Agreement in any material respect.


More Definitions of Majority Certificateholders

Majority Certificateholders shall have the meaning assigned to such term in Section 4.5.
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Majority Certificateholders. The Holder or Holders of Trust Certificates evidencing Percentage Interests in excess of 51% in the aggregate.
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Majority Certificateholders means certificateholders holding in the aggregate more than 50% of the Percentage Interests.
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Majority Certificateholders. The Holder or Holders of Class A Certificates evidencing Percentage Interests in excess of 51% in the aggregate.
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Majority Certificateholders means the Holder or Holders of Certificates evidencing in excess of 50% of the aggregate Class Principal Balances of such Classes of Class A Certificates.
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Majority Certificateholders. The Holder or Holders of Class A and Class B Certificates evidencing an Aggregate Class A Certificate Principal Balance and Aggregate Class B Certificate Principal Balance in excess of 50% of the Aggregate Class A Certificate Principal Balance and Aggregate Class B Certificate Principal Balance.
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Majority Certificateholders means, as of any day, the Holders of Certificates evidencing not less than 51% of the aggregate Certificate Percentage Interests as of such day.
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