Majority Noteholder definition

Majority Noteholder means the Holder or Holders of Notes representing at least 51% of the Outstanding Amount.

Majority Noteholder. The Holder or Holders of Notes representing at least 51% of the aggregate Note Principal Amount of the Class A and Class M Notes.

Majority Noteholder means a Noteholder or Noteholders holding more than fifty percent (50%) of the aggregate principal balance of the Note.

Examples of Majority Noteholder in a sentence

• Prior to the declaration of the acceleration of the maturity of the Notes as provided in Section 5.2 above, the Majority Noteholder may waive any past Default or Event of Default and its consequences except a Default (a) in the payment of principal of or interest on any of the Notes or (b) in respect of a covenant or provision hereof that cannot be modified or amended without the consent of the Holder of each Note.

• In connection with such appointment and assumption, the Majority Noteholder may make such arrangements for the compensation of such successor servicer out of payments on the Loans as they and such successor servicer shall agree.

• The Majority Noteholder may remove the Indenture Trustee by so notifying the Indenture Trustee and may appoint a successor Indenture Trustee.

• The Majority Noteholder may so designate an alternate Person to act as the Purchaser from time to time.

• If a successor Indenture Trustee does not take office within 30 days after the retiring Indenture Trustee resigns or is removed, the retiring Indenture Trustee, the Issuer or the Majority Noteholder may petition any court of competent jurisdiction for the appointment of a successor Indenture Trustee.

More Definitions of Majority Noteholder

Majority Noteholder means the Noteholders with a majority of the aggregate principal amount of Notes from time to time. As of the Effective Date, Xxxxx Fargo Bank, National Association shall be the Majority Noteholder.

Majority Noteholder means the Noteholder or Noteholders that own a majority in principal amount of the then outstanding Notes as of any given Record Date.

Majority Noteholder means those Noteholders that collectively hold more than 50% of the aggregate principal amount of all Notes.

Majority Noteholder means Smitx Xxxxxx Xxxtgage Capital Group, Inc. regardless of the amount of Notes held by it.

Majority Noteholder. The Holder or Holders of Notes representing at least 51% of the aggregate Note Principal Amount of the Class A and Class M Notes. MERS: Mortgage Electronic Registration Systems, Inc., a corporation organized and existing under the laws of the State of Delaware, or any successor thereto.

Majority Noteholder means the Noteholder(s) evidencing Fractional Undivided Interests aggregating not less than a majority of outstanding Principal of all Notes.

Majority Noteholder means any person holding greater than 50 per cent. in