Directing Holders definition

Directing Holders. As defined in Section 3.30(d).
Directing Holders. The Holders of not less than 51% of the Outstanding Principal Amount of the lowest Class of Certificates then Outstanding (or Classes, if more than one Series is Outstanding).
Directing Holders means (a) initially, (i) Cambridge Place Investment Management LLP on behalf of each of CPIM Structured Credit Fund 1500 L.P., CPIM Structured Credit Fund 1000 L.P., and CPIM Structured Credit Fund 20 L.P. and (ii) KBS Park Central, LLC and (b) if any of the Notes are sold, such persons as shall then be agreed upon by the Holders, provided that Servicer shall not be required to accept more than two Directing Holders at any time.

Examples of Directing Holders in a sentence

  • Any Noteholder Direction provided by any one or more Directing Holders must be accompanied by a Position Representation, which representation, in the case of a Default Direction shall be deemed repeated at all times until the resulting Event of Default is cured or otherwise ceases to exist or the Notes are accelerated.

  • Work schedules may provide for the work shift to be broken at approximately mid-point by an unpaid meal period of not less than thirty (30) minutes.

  • Any Noteholder Direction provided by any one or more Directing Holders must be accompanied by a Position Representation, which representation, in the case of a Noteholder Direction relating to the delivery of a notice of Default shall be deemed a continuing representation until the resulting Event of Default is cured or otherwise ceases to exist or the Notes are accelerated.

  • In the Request Letter, the Directing Holders directed the Trustee to, among other things, “conduct a vote of all eligible Certificateholders” with respect to the approval or rejection of the Settlement Offer.

  • As of the date of this Petition, the Directing Holders have paid, or have been invoiced for and are obligated to pay, in the aggregate, approximately $8.67 million of Litigation Expenses pursuant to the D&I.


More Definitions of Directing Holders

Directing Holders means, at any time, the holders of Notes which constitute at least (i) 50%, or such greater amount as may be required under the applicable circumstances by the Note Indenture, in principal amount of Senior Secured Notes and (ii) 50%, or such greater amount as may be required under the applicable circumstances by the Discount Note Indenture, in principal amount of Senior Secured Discount Notes and (iii) Required Secured Creditors; provided, however, that for purposes of calculating the percentages set forth in this definition there shall not be counted the principal amount of any Notes (A) for which (and to the extent that) there are at such time on deposit with the Collateral Agent amounts to be applied to the payment of principal of or interest or premium on or with respect thereto, (B) which are owned or held by or on behalf of the Company or any of its Affiliates, or (C) which have been defeased or in respect of which the Company's and each of its subsidiaries' (if applicable) obligations have been terminated in each case pursuant to the provisions of Article Eight of each Indenture. The Trustees acknowledge, on their own behalf and on behalf of the Noteholders, that as a result of this definition, the Collateral Agent may refuse to act unless the requisite percentage of Noteholders of both the Senior Secured Notes and the Senior Secured Discount Notes and the Required Secured Creditors vote consistently.
Directing Holders means (i) funds and accounts managed by affiliates of Ashmore Group plc, (ii) funds and accounts managed by affiliates of BlackRock, Inc., and (iii) funds and accounts managed by Contrarian Capital Management, LLC.
Directing Holders means Holders representing 100% of the Certificate Principal Balance. If on any matter in which the Trustee requests direction from the Directing Holders the Trustee fails to receive such direction, the Trustee will take no action with respect to the requested matter.
Directing Holders means, as of any date of determination, the Holders of at least seventy-five percent (75%) of the aggregate outstanding principal balance of the 2Q 2012 Notes.
Directing Holders has the meaning stated in Section 5.12(a). Dollars, U.S.$ and $ mean such coin or currency of the United States as, at the time, shall be legal tender for the payment of public or private debts.
Directing Holders. Fees and Expenses” means the reasonable and non-duplicative fees and expenses actually incurred by the Directing Holders in connection with directing and/or indemnifying the Trustee to prosecute the Action pursuant to the D&I.
Directing Holders means (a) initially, (i) CBRE and (ii) Column, and (b) if any of the Notes are sold, such persons as shall then be agreed upon by the Holders, provided that Servicer shall not be required to accept more than two Directing Holders at any time.