Required Certificateholders definition

Required Certificateholders means the approval of or direction by the Certificateholders holding a majority of the Percentage Interests unless a higher Percentage Interest is specifically required by the terms of this Trust Agreement or applicable law in which case "Required Certificateholders" shall mean such higher Percentage Interest.

Required Certificateholders means such higher Percentage Interest.

Required Certificateholders means the holders of Certificates representing a percentage interest in excess of 50% of the Certificates outstanding.

Examples of Required Certificateholders in a sentence

• Unless and until otherwise notified in writing by the Required Certificateholders, the Delaware Trustee is hereby authorized and directed to take and receive instructions from the Administrator pursuant to the Administration Agreement with respect to matters relating to the Trust to the same extent and with the same effect and protection as if any such instructions were received from the Required Certificateholders subject to the provisions hereof.

• Subject to the terms of Section 5.03 hereof, the Delaware Trustee shall take or refrain from taking such action as the Delaware Trustee shall be instructed in writing by the Required Certificateholders.

• The Required Certificateholders, may at any time remove the Delaware Trustee without cause by written notice to the Delaware Trustee, any such resignation or removal to be effective upon the acceptance of appointment by a successor Delaware Trustee as hereinafter provided.

• Notwithstanding anything herein to the contrary, the resignation or removal of the Delaware Trustee shall not be effective unless and until the Required Certificateholders appoint a successor Delaware Trustee meeting the requirements specified above.

• In the event of the resignation or removal of the Delaware Trustee, the Required Certificateholders shall appoint a successor by written instrument.

More Definitions of Required Certificateholders

Required Certificateholders. Holders who hold Certificates evidencing not less than 51% of the aggregate Voting Rights of the Certificates; provided, however, that for purposes of Section 10.05(b), such percentage shall be increased to 66-2/3%.

Required Certificateholders has, with respect to any Series of Notes, the meaning stated in the related Series Supplement.

Required Certificateholders means the holders of Certificates representing in excess of 50% of the aggregate par value of the Certificates outstanding).

Required Certificateholders means those VFC Certificateholders holding VFC Certificates in an aggregate face amount equal to or in excess of 50% of the Aggregate Commitment.

Required Certificateholders means Holders who hold Senior Certificates evidencing at least 51% of the Senior Certificates or, if the Senior Certificates are no longer outstanding, Holders who hold at least 51% in aggregate Voting Rights in the Subordinate Certificates; provided, however, that -------- ------- for purposes of Section 10.05(b), such percentage shall be increased from 51% to 66%.

Required Certificateholders. A majority in principal amount of all Series of Certificates, voting together as a class.

Required Certificateholders means Certificateholders holding Trust --------------------------- Certificates with an aggregate Stated Amount exceeding 50% of the aggregate Stated Amount of all then outstanding Trust Certificates.