Deciding Majority definition

Deciding Majority means at any time approval, direction or agreement, as applicable, of Holders with an aggregate Percentage Interest of greater than 50% of the aggregate principal amount of the Mezzanine Loan outstanding at such time.
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Examples of Deciding Majority in a sentence

  • In addition, a Deciding Majority of the Holders of the Mezzanine Loan may terminate the Servicer in the manner set forth in the Servicing Agreement.

  • In the event of a termination of the Custodial Agreement, the Mezzanine Loan Documents shall be held as determined by the Deciding Majority.

  • Notwithstanding anything to the contrary herein or in the Servicing Agreement, a Deciding Majority may terminate the Servicer as Directing Junior Lender at any time upon five (5) days prior written notice to the Servicer of such termination and replace the Directing Junior Lender with any party selected by the Deciding Majority upon written notice to the Servicer, the parties to this Agreement and the parties to the Intercreditor Agreement.

  • Holders representing a Deciding Majority shall have the right, at their expense (including, without limitation, the reasonable costs and expenses of counsel to any third-parties), to remove the Lead Special Servicer for the Mortgage Loan at any time for any reason whatsoever or no reason, upon at least thirty (30) days prior notice to the Lead Special Servicer.

  • Speed 450 F.P.M. Parking Garage Elevators (hydraulic): Quantity 2 Floor stops 6 Floors served P5-Plaza Door opening 4'-0"w x 7'-0"h center opening Platform size 7'-6"w x 6'-0" d Cab clearance (approx.) 6'-10"w x 5'-1"d Cab height 9'-0" Weight capacity 3,000 Lb. Speed 150F.P.M. Note: Cab and door dimensions must meet Montgomery County gourney size requirements.

  • Notwithstanding anything to the contrary herein or in the Servicing Agreement, prior to the Lead Securitization, a Deciding Majority may terminate the Servicer as Directing Senior Lender at any time upon five (5) days prior written notice to the Servicer of such termination and replace the Directing Senior Lender with any party selected by the Deciding Majority upon written notice to the Servicer, the parties to this Agreement and the parties to the Intercreditor Agreement.

  • Holders representing a Deciding Majority shall then appoint a successor Lead Special Servicer for the Mortgage Loan in accordance with this Section 5(g), provided that such Lead Special Servicer shall be a Qualified Servicer.

  • In addition, prior to the Lead Securitization, a Deciding Majority of the Holders of the Mortgage Loan may terminate the Servicer in the manner set forth in the Servicing Agreement.