Majority Owner Representative definition

Majority Owner Representative means any entity designated in writing by the Holder to act as a Majority Owner Representative hereunder, in accordance with Article IX hereof. If at any time a Majority Owner Representative has not been designated by the Holder, all references herein and in other Bond Documents to “Majority Owner Representative” shall refer to the Majority Owner. The initial Majority Owner Representative is Red Stone Servicer, LLC.
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Examples of Majority Owner Representative in a sentence

  • The Bond is subject to mandatory redemption in whole on any date specified by the Majority Owner Representative in connection with the Project Facilities achieving Stabilization (as defined in the Senior Indenture) under the Senior Indenture at a redemption price equal to 100% of the principal amount thereof plus accrued interest thereon to, but not including, the redemption date.

  • The Majority Owner Representative shall provide immediate written notice to the Holder of any Event of Default of which it receives notice or has actual knowledge, or any event which, with the giving of notice or the passage of time, or both, would constitute any Event of Default of which it receives notice or has actual knowledge.

  • The Majority Owner Representative shall prepare payoff letters and delinquency and default notices when necessary, as required by the Bond Documents or this Indenture or otherwise as directed by the Holder.

  • Such other documents, opinions and certificates as may be required by the Issuer, Trustee, Bond Counsel, Majority Owner or Majority Owner Representative.

  • Moneys representing a Condemnation Award or Insurance Proceeds shall be deposited into the Insurance and Condemnation Proceeds Account of the Project Fund, and notice of such deposit thereof shall be given by the Trustee to the Majority Owner Representative and the Holder.

  • The Majority Owner Representative shall refer to the Trustee all Borrower requests for a quote of a payoff amount for the Loan, shall request a copy of any such quote from the Trustee, and shall notify the Holder of the Borrower’s request.

  • Such resignation shall take effect only upon the appointment of a successor Trustee by the Issuer with the consent of the Majority Owner Representative and the acceptance of such appointment by the successor Trustee.

  • Upon written request, the Trustee shall provide the Borrower and the Majority Owner Representative, within a reasonable period of time, with a report stating the principal amount of the Bond Outstanding and the registered owner of the Bond as of the date specified by the Borrower or the Majority Owner Representative in its request.

  • If no successor is appointed within 60 days after the notice of resignation, the Majority Owner Representative may appoint a Trustee or the resigning Trustee, at the Borrower’s expense, may appoint a successor or petition any court of competent jurisdiction to appoint a successor.

  • The Bond is subject to optional redemption in whole but not in part, at the direction of the Borrower upon not less than 45 days written notice (or such shorter period as may be agreed to by the parties) to the Trustee and the Majority Owner Representative (which notice shall be unconditional and irrevocable), on any Interest Payment Date, at a redemption price equal to 100% of the principal amount thereof, plus accrued interest thereon to, but not including, the redemption date.

Related to Majority Owner Representative

  • Owner Representative means that Person or Persons designated by Owner in a written notice to Contractor who shall have complete authority to act on behalf of Owner on all matters pertaining to the Work, including giving instructions and making changes in the Work. The Owner Representative as of the Contract Date is designated in Section 4.9.

  • Member Representative means an individual who can make OHP-related decisions for a member who is not able to make such decisions themselves.

  • Holders’ Representative means the Holders’ Representative named in the first paragraph of this Agreement or any direct or indirect successor Holders’ Representative designated in accordance with Section 6.3.

  • Purchaser Representative means any person who satisfies all of the following conditions or who the issuer reasonably believes satisfies all of the following conditions:

  • Note Holder Representative means a Controlling Note Holder Representative or a Non-Controlling Note Holder Representative, as applicable.

  • Lenders’ Representative means the person duly authorised by the Senior Lenders to act for and on behalf of the Senior Lenders with regard to matters arising out of or in relation to this Agreement, and includes his successors, assigns and substitutes;

  • Owner’s Representative has the meaning given in Section 2.2.

  • Holder Representative has the meaning specified in Section 11.1.

  • Seller Representative means Xxxxx Bank.

  • Issuer Representative means the Chairman of the Board of the Issuer or such other person at the time, and from time to time, designated by written certificate of the Issuer furnished to the Borrower containing the specimen signature of such person and signed on behalf of the Issuer by its Chairman. Such certificate shall designate an alternate or alternates, any of whom may act at any time as Issuer Representative.

  • Supplier Representative means the representative appointed by the Supplier from time to time in relation to this Framework Agreement;

  • Shareholder Representative has the meaning set forth in the preamble.

  • Controlling Note Holder Representative shall have the meaning assigned to such term in Section 6(a).

  • Sellers’ Representative has the meaning set forth in the Preamble.

  • Shareholders’ Representative has the meaning set forth in the Preamble.

  • Investor Representative has the meaning assigned to such term in Section 2.1(a).

  • Engineer’s Representative means the official in the civil/ electrical engineering department who is authorized to be in-charge of the work to which these presents relate. It shall include any other official nominated to attend to the supervision of day to day execution of the work to which this CONTRACT relates.

  • Investment adviser representative means an individual employed by or associated with an investment adviser or federal covered investment adviser and who makes any recommendations or otherwise gives investment advice regarding securities, manages accounts or portfolios of clients, determines which recommendation or advice regarding securities should be given, provides investment advice or holds herself or himself out as providing investment advice, receives compensation to solicit, offer, or negotiate for the sale of or for selling investment advice, or supervises employees who perform any of the foregoing. The term does not include an individual who:

  • Customer Representative means the representative appointed by the Customer from time to time in relation to this Call Off Contract;

  • Stockholders’ Representative has the meaning set forth in the Preamble.

  • Stockholder Representative has the meaning set forth in the preamble.

  • Seller Representatives has the meaning set forth in Section 5.8(a).

  • Contractor’s Representative means the individual authorised to act on behalf of the Contractor for the purposes of the Contract. The initial Contractor’s representative is as indicated in the Form of Agreement.

  • Non-Controlling Note Holder Representative shall have the meaning assigned to such term in Section 6(c).