Controlling Class Certificateholders definition
Examples of Controlling Class Certificateholders in a sentence
Upon the resignation of a Directing Certificateholder, the Certificate Administrator shall request the Controlling Class Certificateholders to select a new Directing Certificateholder.
The Majority Controlling Class Certificateholders shall give written notice of the appointment of any subsequent Directing Certificateholder along with new contact information (in order to receive notices hereunder) to the Trustee, the Certificate Administrator, the Servicer, the Special Servicer and the 17g-5 Information Provider, who shall post a copy of the same on the 17g-5 Information Provider’s Website.
The Majority Controlling Class Certificateholders may elect the Directing Certificateholder.