Control Event definition

Control Event. Defined. “Control Event” means:

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Control Event is defined in Section 8.7(i).

Control Event means the execution of any written agreement which, when fully performed by the parties thereto, would result in a Change in Control.

Examples of Control Event in a sentence

• Any appointment or succession by the Trustee to the rights and obligations of the Special Servicer hereunder shall be subject to the Directing Certificateholder’s right to replace the Special Servicer prior to the occurrence and continuance of a Control Event.

• If, during the Initial Term or any Renewal Term, a Change of Control Event (as hereinafter defined) occurs, the Administrator shall have the right, for a period of 180 days following the announcement of such Change of Control Event, to terminate this Agreement under Section 8.3.A by delivering written notice of its intent to terminate to Ultimus, and such termination shall be deemed for “good cause”.

• If a Threshold Event Cure occurs, no Control Event (or control-shift event described above) caused by application of an Appraisal Reduction Amount shall be deemed to have occurred.

• In addition, for so long as no Control Event has occurred and is continuing, but subject to the second sentence of the preceding paragraph, Section 9.3(b), Section 9.3(c) and the immediately following paragraph, the Directing Certificateholder may direct the Special Servicer to take, or to refrain from taking, such other actions with respect to the Mortgage Loan as the Directing Certificateholder may reasonably deem advisable, which direction will be subject to the limitations set forth in this Agreement.

• If, during the Initial Term or any Renewal Term, a Change of Control Event (as hereinafter defined) occurs, the Trust shall have the right, for a period of 180 days following the announcement of such Change of Control Event, to terminate this Agreement under Section 8.3.A by delivering written notice of its intent to terminate to Ultimus, and such termination shall be deemed for “good cause”.

More Definitions of Control Event

Control Event. The occurrence of (i) the Certificate Balance of the Class E Certificates (taking into account the application of any Appraisal Reductions to notionally reduce the Certificate Balance of such Class in accordance with Section 4.05(a) hereof) being reduced to less than 25% of the Original Certificate Balance of such Class or (ii) a Holder of the Class E Certificates becoming the majority Controlling Class Certificateholder and has irrevocably waived its right, in writing, to exercise any of the rights of the Controlling Class Certificateholder and such rights have not been reinstated to a successor Controlling Class Certificateholder pursuant to Section 3.28(l).

Control Event. Defined. "Control Event" means:

Control Event means a “change in control event” with respect to the Trust within the meaning of Treas. Reg. § 1.409A-3(i)(5)(i).

Control Event. DEFINED. "CONTROL EVENT" means:

Control Event means (1) the execution by the Company or any of its Affiliates of any agreement or letter of intent with respect to any proposed transaction or event or series of transactions or events which, individually or in the aggregate, may reasonably be expected to result in a Change in Control, (2) the execution of any written agreement which, when fully performed by the parties thereto, would result in a Change in Control or (3) the making of any written offer by any “person” or “group” (as such terms are used in Section 13(d) and Section 14(d) of the Exchange Act) to the holders of equity interests of the Company or of any of its Affiliates, which offer, if accepted by the requisite number of holders, would result in a Change in Control.

Control Event means the execution by the Company of a definitive written agreement that, when fully performed by the parties thereto, would result in a Change of Control.

Control Event means (1) the execution by the Company or any of its Affiliates of any agreement or letter of intent with respect to any proposed transaction or event or series of transactions or events which, individually or in the aggregate, may reasonably be expected to result in a Change in Control or (2) the execution by the Company of any written agreement which, when fully performed by the parties thereto, would result in a Change in Control.