Controlling Holders definition

Controlling Holders means in the case of consent or direction to be given hereunder, the Holders of the majority in aggregate principal amount of the outstanding Bonds.

Controlling Holders means Neil G. Bluhm and Gregory A. Carlin and their respective trusts. “DGCL” means the General Corporation Law of the State of Delaware.

Controlling Holders means, (i) at any time prior to a Collateral Split, both of the Primary Lenders acting together and (ii) at any time after a Collateral Split, with respect to any Loan Agreement and the related Transaction Documents, the holders of a majority of the aggregate outstanding principal amount of the Class A Notes and the Class B Notes governed by such Loan Agreement or, if there are only two holders of such Class A Notes and the Class B Notes, all of such holders of such Class A Notes and the Class B Notes.

Examples of Controlling Holders in a sentence

• So long as any Rated Certificates are Outstanding, the Depositor shall maintain legal and beneficial ownership of at least 51% of the Outstanding Principal Amount of the Class D-R Certificates, unless otherwise agreed to by the Controlling Holders.

• So long as any Series 2017-VFN Notes remain outstanding, neither the Transferor nor the Servicer will enter into any agreement with a third party that provides for the payment of all or a portion of the remaining Receivables Balance relating to any Contract held by or to be transferred to the Issuer, without the consent of the Series 2017-VFN Controlling Holders.

• The Administrative Agent shall in all cases be fully protected in acting, or in refraining from acting, under any of the Transaction Documents in accordance with a request of the Series 2017-VFN Controlling Holders, and such request and any action taken or failure to act pursuant thereto shall be binding upon all present and future Ownership Group.

• Options granted under Section 3(i) of the Ordinance (“3(i) Options”) may be granted only to consultants and to any Israeli employees or Office Holders who are Controlling Holders.

• Controlling Holder(s) initiating any Demand Registration representing a majority of the Registrable Securities included in such Demand Registration shall have the right to select the investment banker(s) and manager(s) to administer the offering (including assignment of titles), subject to the Corporation’s approval not be unreasonably withheld, conditioned or delayed.

More Definitions of Controlling Holders

Controlling Holders. The Holders of not less than 51% of the Outstanding Principal Amount (or with respect to any Class during the Funding Period applicable to such Class, the Maximum Series Amount with respect to such Class) of the most senior Class of Certificates then Outstanding (or Classes, if more than one Series is Outstanding).

Controlling Holders has the meaning set forth in the Preamble. 66

Controlling Holders. If any Class A Certificates are then Outstanding, the Holders of not less than 51% of Outstanding Principal Amount of all Series of Class A Certificates; otherwise the Holders of not less than 51% of Outstanding Principal Amount of all Series of Class B Certificates.

Controlling Holders means (a) P. Sxxxx Xxxxxx and Pxxxxxx X Xxxxx, acting unanimously, as long as each holds any Registrable Securities (or securities convertible into Registrable Securities) or if no Registrable Securities (or securities convertible into Registrable Securities) have been distributed to any Holders by GPII, (b) P. Sxxxx Xxxxxx, if he holds Registrable Securities (or securities convertible into Registrable Securities) and Pxxxxxx X. Xxxxx does not hold any Registrable Securities, (c) Pxxxxxx X. Xxxxx, if he holds Registrable Securities (or securities convertible into Registrable Securities) but P. Sxxxx Xxxxxx does not hold any Registrable Securities, or (d) if neither P. Sxxxx Xxxxxx nor Pxxxxxx X. Xxxxx hold any Registrable Securities (or securities convertible into Registrable Securities), the Holders holding a majority of the outstanding Registrable Securities (or securities convertible into Registrable Securities).

Controlling Holders means, so long as any amounts payable hereunder to the holders of the Class A Notes remain outstanding, the holders of a majority of the aggregate outstanding principal amount of the Class A Notes, and thereafter, so long as any amounts payable hereunder to the holders of the Class B Notes remain outstanding, the holders of the aggregate outstanding principal amount of the Class B Notes.

Controlling Holders. Holders of Class A Certificates representing at least 51% of the Class A Certificate Balance, and after the Class A Certificate Balance has been reduced to zero, Holders of Class B Certificates representing at least 51% of the Class B Certificate Balance, and after the Class B Certificate Balance has been reduced to zero, the Holder of the Transferor Certificate. "Corporate Trust Office": The principal corporate trust office of the Trustee at 0xx Xxxxxx and Marquette Avenue, Minneapolis, Minnesota 55479-0070, or at such other address as the Trustee may designate from time to time by notice to MBIA, the Certificateholders and the Transferor, or the principal corporate trust office of any successor Trustee. "Cumulative Gross Default Rate": For any Monthly Period, the sum of the Implicit Principal Balance of Lease Contracts, determined in the Monthly Period during which such Lease Contracts became 91 or more days delinquent, that either (a) are currently delinquent for a period of 91 or more days (including any such Lease Contracts that have been repurchased, removed or substituted during such Monthly Period), or (b) the Servicer has determined in accordance with its customary practices that it shall not make a Servicer Advance with respect to such Lease Contract, that a prior Servicer Advance with respect to such Lease Contract is unrecoverable, or that the remaining Scheduled Payments under the related Lease Contract are uncollectible (including any such Lease Contracts that have been removed, repurchased or substituted during such Monthly Period) divided by the Aggregate Initial IPB.

Controlling Holders or "Required Collateralization Amount"; or