Controlling Noteholders definition

Controlling Noteholders means the holders of (i) a majority in ----------------------- outstanding principal amount of Class A Notes, or (ii) if all of the Class A Notes have been paid in full, a majority in outstanding principal amount of the Class M Notes, or (iii) if all of the Class A Notes and Class M Notes have been paid in full, a majority in outstanding principal amount of the Class B Notes.

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Controlling Noteholders shall have the meaning ascribed thereto in Section 5.2.

Controlling Noteholders means, the Class A-1 Noteholders and the Class A-2 Noteholders that hold a majority of the Adjusted Principal Balance of the combined Class A-1 Notes and the Class A-2 Notes;

Examples of Controlling Noteholders in a sentence

A Controlling Notes Purchase Notice, once delivered, shall be irrevocable and shall constitute an absolute, unconditional and irrevocable commitment by the Controlling Noteholders, to purchase all, but not less than all, of the ABL Obligations, and assume all, but not less than all, of the then existing funding and other commitments under the ABL Documents by the participating Notes Claimholders.
In the event that the Controlling Noteholders shall have delivered a Collateral Designation Exercise Notice prior to the expiration of the Collateral Designation Option Period as set forth above, the ABL Agent agrees that the ABL Agent and the ABL Secured Parties shall not exercise any foreclosure action with respect to any Specified Collateral until the expiration or earlier termination of the Collateral Designation Option as provided below.
In order to exercise such option, the Controlling Noteholders (including by acting through the Controlling Notes Collateral Agent, who shall give such notice only at the direction of the Controlling Noteholders) shall give written notice (the “Controlling Notes Purchase Notice”) to ABL Agent no later than the tenth (10th) day (or such later date as may be consented to by the ABL Agent, in its sole discretion) after the commencement of the applicable Controlling Notes Purchase Option Triggering Event.

More Definitions of Controlling Noteholders

Controlling Noteholders. As of any date of determination, Noteholders representing 50.01% or greater of the aggregate Note Principal Balance of the Senior Notes then outstanding, or if the aggregate Note Principal Balance of the Senior Notes has been reduced to zero, Noteholders representing 50.01% or greater of the Note Principal Balance of the most senior Notes then outstanding.

Controlling Noteholders. Meeting" means the meeting of the Controlling Noteholders convened and held in accordance with Condition 15 of the Conditions.

Controlling Noteholders means the holders of the Controlling Notes.

Controlling Noteholders means Noteholders holding at least 50 per cent. of the Adjusted Principal Balance of the Notes.

Controlling Noteholders shall have the meaning set forth in Section 3.8.

Controlling Noteholders means the holders of the Class A Notes or if the Class A Notes have been paid in full, the holders of the Class M Notes.

Controlling Noteholders means the holders of at least 50% of the Outstanding Amount of the Class A Notes (as so designated in the related Indenture Supplement) or, if the Class A Notes have been paid in full, 50% of the Outstanding Amount of the Class B Notes (as so designated in the related Indenture Supplement). The Certificate Trustee as Holder, if applicable, shall vote in accordance with the provisions of the relevant Pass-Through Trust Agreement.