Control Eligible Certificates definition

Control Eligible Certificates. Any of the Class E, Class F and Class G Certificates.

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Control Eligible Certificates. Any of the Class F-RR, Class G-RR and Class J-RR Certificates.

Control Eligible Certificates means any of the Class F, Class G and Class H Certificates.

Examples of Control Eligible Certificates in a sentence

• For purposes of determining the Controlling Class and whether a Control Termination Event has occurred and is continuing, Allocated Collateral Deficiency Amounts allocated to an AB Modified Loan will be allocated to each Class of Control Eligible Certificates in Reverse Sequential Order to notionally reduce the related Certificate Balances until the Certificate Balance of each such Class of Control Eligible Certificates is reduced to zero.

• For purposes of determining the Controlling Class and whether a Control Termination Event has occurred and is continuing, Collateral Deficiency Amounts allocated to an AB Modified Loan will be allocated to each Class of Control Eligible Certificates in reverse sequential order to notionally reduce the related Certificate Balances until the Certificate Balance of each such Class of Control Eligible Certificates is reduced to zero.

• The rights of the Controlling Class during each Appraisal Review Period shall be exercised by the next most senior Class of Control Eligible Certificates, if any.

• The rights of the Controlling Class during each Appraisal Review Period shall be exercised by the next most senior Class of Control Eligible Certificates that is not an Appraised-Out Class, if any.

• For the avoidance of doubt, for purposes of determining the Controlling Class or the occurrence of a Control Termination Event, any Class of Control Eligible Certificates shall be allocated both applicable Appraisal Reduction Amounts and applicable Collateral Deficiency Amounts (the sum of which shall constitute the applicable Cumulative Appraisal Reduction Amount), in accordance with this Section 4.05(a).

More Definitions of Control Eligible Certificates

Control Eligible Certificates. The Class E Certificates. No other Class of Certificates shall be eligible to act as the Controlling Class or appoint a Controlling Class Representative.

Control Eligible Certificates. The Class HRR Certificates. No other Class of Certificates will be eligible to act as the Controlling Class or appoint a Controlling Class Representative.

Control Eligible Certificates. Any of the Class H and Class J Certificates.

Control Eligible Certificates. Any of the Class F and Class NR Certificates.

Control Eligible Certificates. Any of the Class E-RR, Class F-RR, Class G-RR, Class H-RR, Class J-RR or Class K-RR Certificates; provided that the Class E-RR and Class F-RR Certificates shall only be Control Eligible Certificates for so long as the initial Directing Certificateholder, the initial Special Servicer or any of their Affiliates is the holder by Certificate Balance of the majority of such Class of Certificates.

Control Eligible Certificates. Any of the Class F, Class G and Class J-RR Certificates; provided that the Class F and Class G Certificates shall only be Control Eligible Certificates for so long as the initial Directing Certificateholder, the initial Special Servicer or any of their affiliates is the holder, by Certificate Balance, of the majority of such class of Certificates.

Control Eligible Certificates. The Class C and Class D Certificates; provided that each of the Class C and Class D Certificates will only be “Control Eligible Certificates” for so long as the initial Directing Certificateholder (or an affiliate) is the holder, by Certificate Balance, of the majority of such Class of Certificates. No Class of Certificates other than the Control Eligible Certificates will be eligible to act as the Controlling Class or appoint a Directing Certificateholder.