Common use of Majority Control Clause in Contracts

Majority Control. No Certificateholder shall have any right to vote or in any manner otherwise control the operation and management of the Trust except as expressly provided in this Agreement. Except as expressly provided herein, any action that may be taken by the Certificateholders under this Agreement shall be taken by the Holders of Certificates evidencing not less than a majority of the Certificate Interest (the “Majority Certificateholders”). Except as expressly provided herein, any written notice of the Certificateholders delivered pursuant to this Agreement shall be effective if signed by the Majority Certificateholders at the time of the delivery of such notice.

Appears in 35 contracts

Samples: Trust Agreement (Credit Acceptance Corp), Trust Agreement (Credit Acceptance Corp), Trust Agreement (Credit Acceptance Corp)

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Majority Control. No Certificateholder shall have any right to vote or in any manner otherwise control the operation and management of the Trust except as expressly provided in this Agreement. Except as expressly provided herein, any action that may be taken by the Certificateholders under this Agreement shall may be taken by the Holders of Certificates evidencing not less than a majority of the Certificate Interest (the “Majority Certificateholders”)Majority. Except as expressly provided herein, any written notice of the Certificateholders delivered pursuant to this Agreement shall be effective if signed by the Certificate Majority Certificateholders at the time of the delivery of such notice.

Appears in 25 contracts

Samples: Trust Agreement (Household Auto Receivables Corp), Trust Agreement (HSBC Automotive Trust 2005-1), Trust Agreement (Household Automotive Trust 2004-1)

Majority Control. No Certificateholder shall have any right to vote or in any manner otherwise control the operation and management of the Trust except as expressly provided in this Agreement. Except as expressly provided herein, any action that may be taken by the Certificateholders under this Agreement shall may be taken by the Holders of Certificates evidencing not less than a majority of interest in the Certificate Interest (the “Majority Certificateholders”)Trust. Except as expressly provided herein, any written notice of the Certificateholders delivered pursuant to this Agreement shall be effective if signed by Certificateholders evidencing not less than a majority interest in the Majority Certificateholders Trust at the time of the delivery of such notice.

Appears in 12 contracts

Samples: Trust Agreement (Headlands Mortgage Securities Inc), Trust Agreement (Advanta Conduit Receivables Inc), Trust Agreement (Advanta Conduit Receivables Inc)

Majority Control. No Certificateholder shall have any right to vote or in any manner otherwise control the operation and management of the Trust except as expressly provided in this Agreement. Except as expressly provided herein, any action that may be taken by the Certificateholders under this Agreement shall may be taken by the Holders of Certificates evidencing not less than a majority of the aggregate Certificate Interest (the “Majority Certificateholders”)Balance. Except as expressly provided herein, any written notice of the Certificateholders delivered pursuant to this Agreement shall be effective if signed by Certificateholders evidencing not less than a majority of the Majority Certificateholders Certificate Balance at the time of the delivery of such notice.

Appears in 6 contracts

Samples: Trust Agreement (Consumer Portfolio Services Inc), And (Consumer Portfolio Services Inc), Trust Agreement (Consumer Portfolio Services Inc)

Majority Control. No Certificateholder shall have any right to vote or in any manner otherwise control the operation and management of the Trust except as expressly provided in this Agreement. Except as expressly provided herein, any action that may be taken by the Certificateholders under this Agreement shall may be taken by the Holders of Certificates evidencing not less than a majority of the Certificate Interest (the “Majority Certificateholders”)Balance. Except as expressly provided herein, any written notice of the Certificateholders delivered pursuant to this Agreement shall be effective if signed by Certificateholders evidencing not less than a majority of the Majority Certificateholders Certificate Balance at the time of the delivery of such notice.

Appears in 5 contracts

Samples: Trust Agreement (Americredit Financial Services Inc), Trust Agreement (Advanta Automobile Receivables 1998-1), Trust Agreement (Americredit Financial Services Inc)

Majority Control. No Certificateholder Certificate Owner shall have any right to vote or in any manner otherwise control the operation and management of the Trust except as expressly provided in this Agreement. Except as expressly provided herein, any action that may be taken by the Certificateholders under this Agreement shall may be taken by the Holders of Trust Certificates evidencing not less than a majority of the Certificate Interest (the “Majority Certificateholders”)Balance. Except as expressly provided herein, any written notice of the Certificateholders delivered pursuant to this Agreement shall be effective if signed by Holders of Certificates evidencing not less than a majority of the Majority Certificateholders Certificate Balance at the time of the delivery of such notice.

Appears in 4 contracts

Samples: Trust Agreement (TMS Auto Holdings Inc), Trust Agreement (TMS Auto Holdings Inc), Trust Agreement (Money Store Auto Trust 1996-2)

Majority Control. No Certificateholder shall have any right to vote or in any manner otherwise control the operation and management of the Trust Issuer except as expressly provided in this Agreement. Except as expressly provided herein, any action that may be taken by the Certificateholders Certificateholder(s) under this Agreement shall may be taken by the Holders of Certificates evidencing not less than a majority of the Certificate Interest (the “Majority Certificateholders”)Percentage Interest. Except as expressly provided herein, any written notice of the Certificateholders Certificateholder(s) delivered pursuant to this Agreement shall be effective if signed by Certificateholder(s) evidencing not less than a majority of the Majority Certificateholders Certificate Percentage Interest at the time of the delivery of such notice.

Appears in 3 contracts

Samples: Trust Agreement (Triad Financial Corp), Trust Agreement (Asset Backed Securities Corp), Trust Agreement (Asset Backed Securities Corp)

Majority Control. No Certificateholder shall have any right to vote or in any manner otherwise control the operation and management of the Trust except as expressly provided in this Agreement. Except as expressly provided herein, any action that may be taken by the Certificateholders under this Agreement shall be taken by the Holders of Certificates evidencing not less than a majority of the Certificate Interest (the "Majority Certificateholders"). Except as expressly provided herein, any written notice of the Certificateholders delivered pursuant to this Agreement shall be effective if signed by the Majority Certificateholders at the time of the delivery of such notice.

Appears in 3 contracts

Samples: Trust Agreement (Credit Acceptance Corporation), Trust Agreement (Credit Acceptance Corporation), Trust Agreement (Credit Acceptance Corporation)

Majority Control. No Certificateholder shall have any right to vote or in any manner otherwise control the operation and management of the Trust except as expressly provided in this Agreement. Except as expressly provided herein, any action that may be taken by the Certificateholders under this Agreement shall be taken by the Holders of Certificates evidencing not less than a majority 51% of the Certificate Interest (the "Majority Certificateholders"). Except as expressly provided herein, any written notice of the Certificateholders delivered pursuant to this Agreement shall be effective if signed by the Majority Certificateholders at the time of the delivery of such notice.

Appears in 2 contracts

Samples: Trust Agreement (Credit Acceptance Corporation), Trust Agreement (Credit Acceptance Corporation)

Majority Control. No Certificateholder shall have any right to vote or in any manner otherwise control the operation and management of the Trust except as expressly provided in this Agreement. Except as expressly provided herein, any action that may be taken by the Certificateholders under this Agreement shall may be taken by the Holders of Certificates evidencing not less than a majority of the Certificate Interest (percentage ownership interest in the “Majority Certificateholders”)Trust. Except as expressly provided herein, any written notice of the Certificateholders delivered pursuant to this Agreement shall be effective if signed by Certificateholders evidencing not less than a majority of the Majority Certificateholders percentage ownership interest in the Trust at the time of the delivery of such notice.

Appears in 2 contracts

Samples: Trust Agreement (National Auto Finance Co Inc), Trust Agreement (National Financial Auto Funding Trust)

Majority Control. No Certificateholder shall have any right to vote or in any manner otherwise control the operation and management of the Trust except as expressly provided in this Agreement. Except as expressly provided herein, any action that may be taken by the Certificateholders under this Agreement shall may be taken by the Holders of Certificates evidencing not less than a majority of the Certificate Interest (Percentage Interests in the “Majority Certificateholders”)Trust. Except as expressly provided herein, any written notice of the Certificateholders delivered pursuant to this Agreement shall be effective if signed by Certificateholders evidencing not less than a majority of the Majority Certificateholders Percentage Interests in the Trust at the time of the delivery of such notice.

Appears in 1 contract

Samples: Trust Agreement (J P Morgan Acceptance Corp I)

Majority Control. No Certificateholder shall have any right to vote or in any manner otherwise control the operation and management of the Trust except as expressly provided in this Agreement. Except as expressly provided herein, any action that may be taken by the Certificateholders under this Agreement shall may be taken by the Holders of Certificates evidencing not less than a majority of the Certificate Interest (percentage ownership interest in the “Majority Certificateholders”)Trust. Except as expressly provided herein, any written notice of the Certificateholders delivered pursuant to this Agreement shall be effective if signed by Certificateholders evidencing not less than a majority of the Majority Certificateholders percentatge ownership interest in the Trust at the time of the delivery of such notice.

Appears in 1 contract

Samples: Trust Agreement (National Auto Finance Co Inc)

Majority Control. No Certificateholder shall have any right to vote or in any manner otherwise control the operation and management of the Trust except as expressly provided in this Agreement. Except as otherwise expressly provided herein, any action that may be taken by the Certificateholders under this Agreement shall may be taken by the Holders of Certificates evidencing not less than a majority of interest in the Certificate Interest (the “Majority Certificateholders”)Trust. Except as otherwise expressly provided herein, any written notice of the Certificateholders delivered pursuant to this Agreement shall be effective if signed by Certificateholders evidencing not less than a majority interest in the Majority Certificateholders Trust at the time of the delivery of such notice.

Appears in 1 contract

Samples: Trust Agreement (Advanta Conduit Receivables Inc)

Majority Control. No Certificateholder shall have any right to vote or in any manner otherwise control the operation and management of the Trust except as expressly provided in this Agreement. Except as expressly provided herein, any action that may be taken by the Certificateholders under this Agreement shall may be taken by the Holders of each class of Trust Certificates evidencing not less than a majority of the Certificate Interest (the “Majority Certificateholders”)Balance. Except as expressly provided herein, any written notice of the Certificateholders delivered pursuant to this Agreement shall be effective if signed by Holders of each Class of Certificates evidencing not less than a majority of the Majority Certificateholders Certificate Balance at the time of the delivery of such notice.

Appears in 1 contract

Samples: Trust Agreement (Ml Asset Backed Corp)

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Majority Control. No Certificateholder shall have any right to vote or in any manner otherwise control the operation and management of the Holding Trust except as expressly provided in this Agreement. Except as otherwise expressly provided herein, any action that may be taken by the Certificateholders under this Agreement shall may be taken by the Holders of Certificates evidencing not less than a majority of the Certificate Interest (the “Majority Certificateholders”)interest in Holding Trust. Except as otherwise expressly provided herein, any written notice of the Certificateholders delivered pursuant to this Agreement shall be effective if signed by the Majority Certificateholders evidencing not less than a majority interest in Holding Trust at the time of the delivery of such notice.

Appears in 1 contract

Samples: Trust Agreement (Advanta Mortgage Loan Trust 1998-4c)

Majority Control. No Certificateholder shall ---------------- have any right to vote or in any manner otherwise control the operation and management of the Trust except as expressly provided in this Agreement. Except as expressly provided herein, any action that may be taken by the Certificateholders under this Agreement shall may be taken by the Holders of Certificates evidencing not less than a majority of interest in the Certificate Interest (the “Majority Certificateholders”)Trust. Except as expressly provided herein, any written notice of the Certificateholders delivered pursuant to this Agreement shall be effective if signed by Certificateholders evidencing not less than a majority interest in the Majority Certificateholders Trust at the time of the delivery of such notice.

Appears in 1 contract

Samples: Executive Copy (Headlands Mortgage Securities Inc)

Majority Control. No Certificateholder shall have any right to vote or in any manner otherwise control the operation and management of the Trust except as expressly provided in this Agreement. Except as expressly provided herein, any action that may be taken by the Certificateholders under this Agreement shall may be taken by the Holders of Certificates evidencing not less than a majority of the Certificate Percentage Interest (the “Majority Certificateholders”)[or Certificate Balance]. Except as expressly provided herein, any written notice of the Certificateholders delivered pursuant to this Agreement shall be effective if signed by Certificateholders evidencing not less than a majority of the Majority Certificateholders Certificate Balance at the time of the delivery of such notice.

Appears in 1 contract

Samples: Trust Agreement (Consumer Portfolio Services Inc)

Majority Control. No Certificateholder shall have any right to vote or in any manner otherwise control the operation and management of the Trust B except as expressly provided in this Agreement. Except as otherwise expressly provided herein, any action that may be taken by the Certificateholders under this Agreement shall may be taken by the Holders of Certificates evidencing not less than a majority of the Certificate Interest (the “Majority Certificateholders”). interest in Trust B. Except as otherwise expressly provided herein, any written notice of the Certificateholders delivered pursuant to this Agreement shall be effective if signed by the Majority Certificateholders evidencing not less than a majority interest in Trust B at the time of the delivery of such notice.

Appears in 1 contract

Samples: Trust Agreement (Advanta Mortgage Loan Trust 1998-4c)

Majority Control. No Certificateholder shall have any right to vote or in any manner otherwise control the operation and management of the Trust A except as expressly provided in this Agreement. Except as otherwise expressly provided herein, any action that may be taken by the Certificateholders under this Agreement shall may be taken by the Holders of Certificates evidencing not less than a majority of the Certificate Interest (the “Majority Certificateholders”). interest in Trust A. Except as otherwise expressly provided herein, any written notice of the Certificateholders delivered pursuant to this Agreement shall be effective if signed by the Majority Certificateholders at the time of the delivery of such notice.if

Appears in 1 contract

Samples: Trust Agreement (Advanta Mortgage Loan Trust 1998-4c)

Majority Control. No Certificateholder shall have any right to vote or in any manner otherwise control the operation and management of the Trust C except as expressly provided in this Agreement. Except as otherwise expressly provided herein, any action that may be taken by the Certificateholders under this Agreement shall may be taken by the Holders of Certificates evidencing not less than a majority of the Certificate Interest (the “Majority Certificateholders”). interest in Trust C. Except as otherwise expressly provided herein, any written notice of the Certificateholders delivered pursuant to this Agreement shall be effective if signed by the Majority Certificateholders evidencing not less than a majority interest in Trust C at the time of the delivery of such notice.

Appears in 1 contract

Samples: Trust Agreement (Advanta Mortgage Loan Trust 1998-4c)

Majority Control. No Certificateholder shall have any right to vote or in any manner otherwise control the operation and management of the Trust except as expressly provided in this Agreement. Except as expressly provided herein, any action that may be taken by the Certificateholders under this Agreement shall be taken by the Holders of Certificates evidencing not less than a majority of the Certificate Interest (the “Majority Certificateholders”). Except as expressly provided herein, any written notice of the Certificateholders delivered pursuant to this Agreement shall be effective if signed by the Majority Certificateholders at the time of the delivery of such notice.. SECTION 4.6

Appears in 1 contract

Samples: Trust Agreement

Majority Control. No Certificateholder shall have any right to vote or in any manner otherwise control the operation and management of the Trust except as expressly provided in this Agreement. Except as expressly provided herein, any action that may be taken by the Certificateholders under this Agreement shall may be taken by the Holders of Certificates evidencing not less than a majority an aggregate Percentage Interest in excess of the Certificate Interest (the “Majority Certificateholders”)50%. Except as expressly provided herein, any written notice of the Certificateholders delivered pursuant to this Agreement shall be effective if signed by the Majority Certificateholders Holders of Certificates evidencing an aggregate Percentage Interest in excess of 50% at the time of the delivery of such notice.

Appears in 1 contract

Samples: Trust Agreement (Advanta Revolving Home Equity Loan Trust 2000 A)

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