Majority in Interest of Certificate Holders as of a particular date of determination shall mean the holders of more than a majority in aggregate unpaid Principal Amount of all Secured Certificates outstanding as of such date (excluding any Secured Certificates held by the Owner or its affiliates (unless all Secured Certificates then outstanding shall be held by the Owner or its affiliates)).
Majority in Interest of Certificate Holders has the meaning set forth in the Trust Indenture.
Majority in Interest of Certificate Holders as of a particular date of determination shall mean the holders of more than a majority in aggregate unpaid Principal Amount of all Secured Certificates outstanding as of such date (excluding any Secured Certificates held by the Owner Trustee or the Owner Participant or any interests of the Owner Participant therein by reason of subrogation pursuant to Section 4.03 of the Trust Indenture (unless all Secured Certificates then outstanding shall be held by the Owner Trustee or the Owner Participant) or Lessee or any affiliate of any thereof).
Examples of Majority in Interest of Certificate Holders in a sentence
All votes of the Certificate Holders shall be governed by a vote of a Majority in Interest of Certificate Holders, except as otherwise provided herein.
In the administration of the trusts created hereunder, the Indenture Trustee shall have the right to seek instructions from a Majority in Interest of Certificate Holders should any provision of this Trust Indenture appear to conflict with any other provision herein or should the Indenture Trustee's duties or obligations hereunder be unclear, and the Indenture Trustee shall incur no liability in refraining from acting until it receives such instructions.
Subject to the terms of Sections 4.03, 4.04, 4.08, 5.02 and 5.03 hereof, the Indenture Trustee shall take such action, or refrain from taking such action, with respect to such Event of Default or Default (including with respect to the exercise of any rights or remedies hereunder) as the Indenture Trustee shall be instructed in writing by a Majority in Interest of Certificate Holders.
Nothing in this Indenture shall impair the right of the Indenture Trustee in its discretion to take any action deemed proper by the Indenture Trustee and which is not inconsistent with the direction by the Majority in Interest of Certificate Holders.
In the case of the resignation or removal of the Indenture Trustee, a Majority in Interest of Certificate Holders may appoint a successor Indenture Trustee by an instrument signed by such holders, which successor, so long as no Lease Event of Default shall have occurred and be continuing, shall be subject to Lessee's reasonable approval.
More Definitions of Majority in Interest of Certificate Holders
Majority in Interest of Certificate Holders means, as of any date of ------------------------------------------- the determination thereof, the Majority A Holders and the Majority B Holders; provided, however, that (i) such term shall mean the Majority A -------- ------- Holders if an Indenture Event of Default shall have occurred and be continuing (unless all principal, interest, Premium Amount and all other amounts due on the Series A Certificates and to the holders thereof under the Operative Agreements shall have been theretofore paid in full) and (ii) such term shall mean the Majority B Holders in the case of any direction, demand, notice or other action in respect of the Collateral for the benefit of the holders of the Series B Certificates. For all purposes of the foregoing definition and the definition of "Majority A Holders" and "Majority B Holders", in determining as of any date the then aggregate outstanding principal amount of Certificates of any Series, there shall be excluded any Certificates, if any, held by the Owner Trustee, the Owner Participant, the Guarantors of the Series B Certificates or the Lessee or any Affiliate of any thereof (unless the Owner Trustee, the Owner Participant, the Guarantors of the Series B Certificates, the Lessee or their respective Affiliates, as the case may be, own all Certificates then outstanding), or any interest of the Owner Trustee or the Owner Participant in any Certificate or any interest of the holder of a Series B Certificate in a Series A Certificate, in either case, by reason of subrogation pursuant to Section 4.03 or otherwise.
Majority in Interest of Certificate Holders means, as of any date of the determination thereof, the Holders of not less than a majority in aggregate outstanding principal amount of all Certificates as of such date. For all purposes of the foregoing definition, in determining as of any date the then aggregate outstanding principal amount of Certificates, there shall be excluded any Certificate, if any, held by the Borrower or any of its Affiliates (unless Borrower and/or its Affiliates, as the case may be, own all Certificates then outstanding).
Majority in Interest of Certificate Holders as of a particular date of determination shall mean the holders of more than a majority in aggregate unpaid Principal Amount of all Secured Certificates outstanding as of such date (excluding any Secured Certificates held by the Owner or its Affiliates (unless all Secured Certificates then outstanding shall be held by the Owner or its Affiliates), it being understood that a Pass Through Trustee shall not be deemed to be an Affiliate of the Owner unless 100% of the aggregate face amount of the Pass Through Certificates issued by the corresponding Pass Through Trust are held by the Owner or an Affiliate of the Owner or a Pass Through Trustee is otherwise under the control of the Owner or an Affiliate of the Owner).
Majority in Interest of Certificate Holders or "Requisite Holders" as of a particular date of determination shall mean the holders of more than 66-2/3% of the aggregate unpaid original principal amount of all Loan Certificates outstanding as of such date (excluding any Loan Certificates held by the Owner Trustee or the Owner Participant or any interests of the Owner Participant therein by reason of subrogation pursuant to Section 4.3 hereof (unless all Loan Certificates then outstanding and not held by Lessee or any Affiliate thereof shall be held by the Owner Trustee or the Owner Participant) or Lessee or any affiliate of any thereof).
Majority in Interest of Certificate Holders as of a particular date of determination shall mean the holders of more than a majority in aggregate unpaid Principal Amount of all Secured Certificates outstanding as of such date (excluding any Secured Certificates held by the Owner Trustee or the Owner Participant or any interests of the Owner Participant therein by reason of subrogation pursuant to Section 4.03 hereof (unless all Secured Certificates then outstanding shall be held by the Owner Trustee or the Owner Participant) or Lessee or any affiliate of any thereof[, it being understood that the Class D Trustee shall be an affiliate of Lessee as long as more than 50% in the aggregate face amount of the Pass Through Certificates issued by the Class D Pass Through Trust are held by an affiliate of Lessee or the Class D Trustee is otherwise under the control of such affiliate of Lessee -- option for A319's and 757's]).
Majority in Interest of Certificate Holders means, as of a particular ------------------------------------------- date of determination, the Holder or Holders of more than 50% in aggregate unpaid principal amount of all Outstanding Certificates as of such date (excluding any Certificates held by the Owner Trustee, the Owner Participant, or the Lessee, or any Affiliate of any thereof, or any interests of the Owner Participant therein by reason of subrogation pursuant to Section 8.03 of this Indenture (unless all Certificates then Outstanding shall be held by the Owner Trustee or the Owner Participant or the Lessee or any Affiliate of any thereof)).
Majority in Interest of Certificate Holders as of a particular date of determination shall mean the holders of more than a majority in aggregate unpaid Principal Amount of all Secured Certificates outstanding as of such date (excluding any Secured Certificates held by the Owner or its affiliates, it being Annex A-11 understood that the Class D Trustee shall be an affiliate of the Owner as long as more than 50% in the aggregate face amount of the Pass Through Certificates issued by the Class D Pass Through Trust are held by an affiliate of the Owner or the Class D Trustee is otherwise under the control of such affiliate of the Owner (unless all Secured Certificates then outstanding shall be held by the Owner or its affiliates)).