Majority Noteholders definition

Majority Noteholders means the Holders of Notes representing a majority of the principal balance of the most senior Class of Notes then outstanding; provided, that neither Holders of Notes who are employees or Affiliates of the Issuer, the Seller, the Servicer or General Motors Financial Company, Inc. nor the Notes held by such Holders shall be counted when calculating such majority of the related principal balance.

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Majority Noteholders means the Holders of the Notes representing a majority of the principal balance of the most senior Class of Notes then outstanding.

Majority Noteholders means the Holders of a majority by principal amount of the most senior then outstanding class of Notes.

Examples of Majority Noteholders in a sentence

• Without the consent of the Majority Noteholders, neither the Issuer nor Finance NomCo may permit its fiscal year to end on a day other than December 31, change its method of determining fiscal quarters or make, permit any change in accounting policies or reporting practices except as required by GAAP or change its federal employer identification number, in each case, except for any such changes which are not materially adverse to the Holders or the Hedge Counterparties.

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

• Each of the Issuer and Finance NomCo will promptly do, execute, acknowledge and deliver, or cause to be promptly done, executed, acknowledged and delivered, all such further acts, deeds, conveyances, mortgages, assignments, transfers and assurances as the Indenture Trustee or the Majority Noteholders may reasonably require for the creation, perfection and priority of the Liens being herein provided for (subject to Permitted Liens).

• Following the occurrence of an Event of Default, at the direction of the Majority Noteholders, the Issuer shall engage, or shall cause the Manager to engage, a third party reasonably acceptable to the Majority Noteholders to provide an annual validation of the Manager’s emissions monitoring, and the Issuer shall promptly deliver, or cause the Manager to deliver, the report to the Indenture Trustee upon receipt.

• A successor Indenture Trustee shall deliver a written acceptance of its appointment to the retiring Indenture Trustee, the Issuer, the Majority Noteholders and each Hedge Counterparty.

More Definitions of Majority Noteholders

Majority Noteholders means the Holders of the Notes representing a majority of the Outstanding Amount of the Controlling Class.

Majority Noteholders means the Holders of Notes representing a majority of the Outstanding Amount of the Controlling Class; provided, that neither Holders of Notes who are employees or Affiliates of the Issuer, the Seller, the Servicer or General Motors Financial Company, Inc. nor the Notes held by such Holders shall be counted when calculating such majority of the related Outstanding Amount.

Majority Noteholders means the Holders of at least a majority of the aggregate Class Principal Balance of the outstanding Classes of Notes (without giving effect to exchanges of Exchangeable Notes for RCR Notes); provided, however, that any Notes held by Fannie Mae will be disregarded for such purposes (unless at such time all outstanding Classes of Notes are held by Fannie Mae).

Majority Noteholders has the meaning assigned to such term in the Indenture.

Majority Noteholders means the Noteholders of more than 50% in aggregate principal amount of the Notes then Outstanding at any time.

Majority Noteholders. Until such time as the sum of the Class Principal Amounts of all Classes of Notes has been reduced to zero, the holder or holders of in excess of 50% of the aggregate Class Principal Amount of all Classes of Notes (accordingly, the holder of the Ownership Certificate shall be excluded from any rights or actions of the Majority Noteholders during such period); and thereafter, the holder of the Ownership Certificate.

Majority Noteholders means the Holders of Notes representing a majority of (i) the Class A Notes Outstanding (voting together as a Class) as long as any Class A Notes are Outstanding, and thereafter (ii) the Class B Notes Outstanding as long as any Class B Notes are Outstanding, and thereafter (iii) the Class C Notes Outstanding as long as any Class C Notes are Outstanding, and thereafter (iv) the Class D Notes Outstanding as long as any Class D Notes are Outstanding, and thereafter (v) the Class E Notes Outstanding as long as any Class E Notes are Outstanding.