Majority Owner definition
Examples of Majority Owner in a sentence
The Bond is subject to optional redemption in whole but not in part, at the direction of the Borrower upon not less than 45 days written notice (or such shorter period as may be agreed to by the parties) to the Trustee and the Majority Owner Representative (which notice shall be unconditional and irrevocable), on any Interest Payment Date, at a redemption price equal to 100% of the principal amount thereof, plus accrued interest thereon to, but not including, the redemption date.
The Majority Owner may (but shall not be obligated to) appoint (with prompt notice thereof to the Issuer and the Borrower) a mortgage servicer to service the Loan for all or a portion of the term of the Loan.
Contractor Name Phone - - Street Address City , State Zip Type of Submission (check one) Bid Proposal Qualification Amendment Majority Owner (if any).
At any time when a Servicer has not been appointed or when a Servicer has been removed without appointment of a successor Servicer, pursuant to this Section 7.11, all references in this Indenture and in the Loan Documents to the Servicer shall be deemed to refer to the Majority Owner.
Any Servicer appointed hereunder may be removed at any time, with or without cause, by the Majority Owner, by written notice to the Issuer, the Trustee, the Borrower and the Servicer.