Majority Certificateholders Sample Clauses
The 'Majority Certificateholders' clause defines the group of certificateholders who collectively hold more than half of the outstanding certificates in a given transaction or trust. This clause typically specifies that certain actions, such as approving amendments, waiving defaults, or directing the trustee, require the consent or direction of this majority group. For example, if there are 1,000 certificates, those holding at least 501 would constitute the majority. The core function of this clause is to streamline decision-making and ensure that significant actions reflect the will of the majority, thereby preventing a small minority from controlling or obstructing important decisions.
Majority Certificateholders. Except as expressly provided herein, any action that may be taken or consent that may be given or withheld by the Certificateholders under this Agreement shall be effective if such action is taken or consent is given or withheld by the Majority Certificateholders as of such action or consent. Except as expressly provided herein, any written notice, instruction, direction or other document of the Certificateholders delivered pursuant to this Agreement shall be effective if signed by the Majority Certificateholders.
Majority Certificateholders. Certificateholders holding in the aggregate more than 50% of the Voting Interests.
Majority Certificateholders. The Holders of Certificates evidencing in the aggregate greater than 50% of the aggregate Current Principal Amount of all the Certificates or if the matter relates to one or more of the Classes of Certificates, of the aggregate Current Principal Amount of such Class or Classes.
Majority Certificateholders. 13 Section 4.2. Prior Notice to Certificateholders with Respect to Certain Matters......... 13 Section 4.3. Action by Certificateholders with Respect to Certain Matters............... 13 Section 4.4. Restrictions on Certificateholders' Power.................................. 14 Section 4.5. Rights of Security Insurer................................................. 14
Majority Certificateholders. 13 Section 4.2. Prior Notice to Certificateholders with Respect to Certain Matters... 13 Section 4.3. Action by Certificateholders with Respect to Certain Matters.......
Majority Certificateholders. For so long as any of the Offered Certificates are outstanding, the Holder or Holders of Offered Certificates evidencing Percentage Interests in excess of 51% in the aggregate, and thereafter, the Holder or Holders of Residual Certificates evidencing Percentage Interests in excess of 51% in the aggregate.
Majority Certificateholders. Holders of Certificates of each Class --------------------------- evidencing, as to Class A and Class R, Percentage Interests aggregating not less than 51%, and as to Class X, Percentage Interests in the Class X Certificates aggregating not less than 51% .