Certificate Majority definition

Certificate Majority shall have the meaning assigned to such term in Section 4.1.
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Certificate Majority means holders of Certificates representing more than 50% of the interests of the Certificateholders as a whole.
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Certificate Majority means over 50% of Holders of the Certificates.
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Examples of Certificate Majority in a sentence

  • Except as expressly provided herein, any action that may be taken by the Certificateholders under this Agreement may be taken by the Certificate 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 at the time of the delivery of such notice.

  • The Owner Trustee is further authorized from time to time to take such action as the Certificate Majority recommends with respect to the Basic Documents so long as such activities are consistent with the terms of the Basic Documents.

  • The Certificate Majority shall not instruct the Owner Trustee in a manner inconsistent with this Agreement or the Basic Documents.

  • If the Master Servicer shall not have joined in such appointment within 15 days after the receipt by it of a request so to do, the Owner Trustee, subject to the approval of the Certificate Majority (which approval shall not be unreasonably withheld), shall have the power to make such appointment.


More Definitions of Certificate Majority

Certificate Majority means the Holders of more than 50% of the Outstanding Amount of the Class A Certificates and more than 50% of Holders of the Class R Certificates.
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Certificate Majority. Holders of Class A Certificates and Class B Certificates representing greater than fifty (50%) percent of the sum of the Class A Certificate Balance and the Class B Certificate Balance, or if there are no Class A Certificates outstanding, holders of Class B Certificates representing greater than fifty (50%) percent of the Class B Certificate Balance.
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Certificate Majority. The meaning assigned to such term in the Trust Agreement.
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Certificate Majority. Holders of Certificates representing more than 05% of the Certificate Balance.
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Certificate Majority. Holders of Class A Certificates and Class B Certificates representing a majority of the sum of the Class A Certificate Balance and the Class B Certificate Balance, or if there are no Class A Certificates outstanding, holders of Class B Certificates representing a majority of the Class B Certificate Balance, provided, that for so long as the Class B Certificate is held by any Affiliate of HFC or by HFC, it shall be disregarded for purposes of this definition.
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Certificate Majority means, as to each Class of Certificates, Holders of Certificates representing a majority of the Principal Balance of such Class.
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Certificate Majority means the Holders of Class A Certificates and the Class B Certificates representing a majority of the sum of the Class A Certificate Balance and the Class B Certificate Balance; PROVIDED, HOWEVER, if there are no Class A Certificates outstanding, Certificateholders representing a majority of the Class B Certificate Balance shall constitute a Certificate Majority; and, PROVIDED, FURTHER, if there are no Class A Certificates outstanding and no Class B Certificates outstanding, Certificateholders representing a majority of the Class C Certificate Balance shall constitute a Certificate Majority.
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