Class Representative definition
Examples of Class Representative in a sentence
So long as no Consultation Termination Event is in effect pursuant to the terms of the Lead Servicing Agreement, the Controlling Note Holder Representative shall be the Lead Securitization Subordinate Class Representative.
Unless accompanied by the Lead Securitization PSA, such notice shall contain contact information for each of the parties to the Lead Securitization PSA and the identity of the Controlling Class Representative under such Lead Securitization PSA.
Class Counsel and/or Class Representative may also petition the Court for an award of attorney’s fees based on a percentage of the Total Class Benefit.
Subject to the terms of the Servicing Agreement, each of the Controlling Noteholder, the Controlling Class Representative, any other Noteholder (or any controlling class representative or directing holder on its behalf under the Non-Lead Securitization Servicing Agreement) shall be permitted to bid at any sale of the Non-Lead Securitization Note unless such Person is a Borrower Restricted Party.
Any such determination permitting the resignation of the Servicer or the Special Servicer, as the case may be, shall be evidenced by an Opinion of Counsel delivered to the Depositor, the Trustee, the Certificate Administrator, the Operating Advisor and, during any CCR Control Period and any CCR Consultation Period, the Controlling Class Representative.