Controlling Securities means (i) the Class A Notes so long as the Class A Notes are outstanding, (ii) after the Class A Notes are no longer outstanding, the Class B Notes so long as the Class B Notes are outstanding and (iii) after the Class B Notes are no longer outstanding, the Class C Notes so long as the Class C Notes are outstanding.
Controlling Securities means securities representing 25% or more of the total number of votes that may be cast for the election of the directors of the Company.
Controlling Securities means the Class A Notes so long as the Class A Notes are Outstanding, and after the Class A Notes are no longer Outstanding, the Class B Notes so long as the Class B Notes are Outstanding.
Examples of Controlling Securities in a sentence
The Trust Agreement permits, with certain exceptions therein provided, the amendment thereof and the modification of the rights and obligations of the Depositor and the rights of the Certificateholders under the Trust Agreement at any time by the Depositor and the Owner Trustee with the consent of the Certificateholders of not less than a 50.1% Percentage Interest in the Trust Certificates and holders of not less than 50.1% of the Outstanding Amount of the Controlling Securities.
More Definitions of Controlling Securities
Controlling Securities means (i) the Class A Notes so long as the Class A Notes are outstanding, (ii) after the Class A Notes are no longer outstanding, the Class B Notes so long as the Class B Notes are outstanding, (iii) after the Class B Notes are no longer outstanding, the Class C Notes so long as the Class C Notes are outstanding, (iv) after the Class C Notes are no longer outstanding, the Class D Notes so long as the Class D Notes are outstanding and (v) after the Class D Notes are no longer outstanding, the Class E Notes so long as the Class E Notes are outstanding.
Controlling Securities means (a) prior to the Company's initial public offering of its common stock registered under the Securities Act of 1933 (an "IPO"), securities representing 50% or more of the total number of votes that may be cast for the election of the directors of the Company, excluding securities acquired pursuant to an employee stock ownership plan or program of the Company now or hereafter existing; or (b) after the Company's IPO, securities representing 25% or more of the total number of votes that may be cast for the election of the directors of the Company.
Controlling Securities means the Class A-1, Class A-2, Class A-3 and Class A-4 Notes so long as any Class A Notes are outstanding, and the Class B Notes thereafter.
Controlling Securities means (i) the Class A Notes so long as the Class A Notes are outstanding[,] [and] (ii) after the Class A Notes are no longer outstanding, the Class B Notes so long as the Class B Notes are outstanding[,] [and] [(iii) after the Class B Notes are no longer outstanding, the Class C Notes so long as the Class C Notes are outstanding] [,] [and] [(iv) after the Class C Notes are no longer outstanding, the Class D Notes so long as the Class D Notes are outstanding][,] [and] [(v) after the Class D Notes are no longer outstanding, the Class E Notes so long as the Class E Notes are outstanding] [and (vi) after the Class E Notes are no longer outstanding, the Class F Notes so long as the Class F Notes are outstanding]. [After all Classes of Notes are no longer Outstanding, any reference to the Controlling Securities shall refer to the Certificates.]
Controlling Securities means the Notes.
Controlling Securities means the Class X-0, Xxxxx X-0, Class A-3 and ---------------------- Class A-4 Notes.