Note Majority definition

Note Majority means a majority by principal amount of the Noteholders.

Note Majority means the Holders collectively evidencing more than 50% of the aggregate outstanding Note Balance for each Class of Notes.

Note Majority. As to each class of Notes, Holders of Notes representing a majority of the outstanding principal balance of such class of Notes.

Examples of Note Majority in a sentence

• The Trust Agreement permits, with certain exceptions therein provided, the amendment thereof and the modification of the rights and obligations of the Seller under the Trust Agreement at any time by the Seller and the Owner Trustee with the consent of the Note Majority and the Certificateholder.

• So long as no Insurer Default shall have occurred and be continuing, the Insurer (or, if an Insurer Default shall have occurred and be continuing, the Note Majority) may, on behalf of all Noteholders, waive any default by the Servicer in the performance of its obligations hereunder and its consequences.

• If a Servicer Termination Event shall occur and be continuing, the Insurer (or, if an Insurer Default shall have occurred and be continuing either the Trust Collateral Agent, (to the extent it has knowledge thereof) or a Note Majority), by notice given in writing to the Servicer (and to the Trust Collateral Agent if given by the Insurer or the Noteholders) may terminate all of the rights and obligations of the Servicer under this Agreement.

• If a Servicer Termination Event shall occur and be continuing, the Insurer (or, if an Insurer Default shall have occurred and be continuing either the Trust Collateral Agent (to the extent it has knowledge thereof) or a Note Majority), by notice given in writing to the Servicer (and to the Trust Collateral Agent if given by the Insurer or the Noteholders) may terminate all of the rights and obligations of the Servicer under this Agreement.

• The Trustee may be removed by the Note Insurer (or, if an Insurer Default has occurred and is continuing, by a Note Majority) at any time, with or without cause, by an instrument or concurrent instruments in writing delivered to the Trustee, the other Issuer Secured Party and the Issuer.

More Definitions of Note Majority

Note Majority means Holders of Notes collectively evidencing more than 50% of the aggregate outstanding Note Balance of each Class of Notes.

Note Majority means the Holders collectively evidencing more than 50% of the aggregate outstanding Note Balance for each Class of Notes. “Note Paying Agent” has the meaning assigned to such term in the Indenture.

Note Majority. With respect to Agented Notes, the holders of the notes evidencing not less than 66 2/3% of the outstanding amount of all such notes issued by the Obligor.

Note Majority means Holders representing a majority of the Outstanding Principal Amount of each Class of the Notes then Outstanding.

Note Majority means, as to each Class of Notes, Holders of Notes representing a majority of the Class Principal Balance of such Class, provided that with respect to the Class A Notes, Note Majority means the Note Insurer if there is at the time of determination no continuing Note Insurer Default.

Note Majority means the holders of a majority by aggregate outstanding principal balance of the Notes so long as the Notes are outstanding.

Note Majority means the Holders evidencing more than 50% of the Class A-1 Note Balance and Holders evidencing more than 50% of the Class A-2 Note Balance.