Requisite Global Majority. As of any date of determination, the determination of whether a Requisite Global Majority exists with respect to a particular course of action shall be determined in accordance with Section 503 of this Indenture.
Requisite Global Majority. As defined in the Indenture.
Requisite Global Majority is defined in Appendix A to the Securitization Indenture.
Examples of Requisite Global Majority in a sentence
The Indenture Trustee at the written direction of the Requisite Global Majority may from time to time postpone any Sale by public announcement made at the time and place of such Sale.
The Issuer shall not establish any additional Trust Accounts without prior written notice to the Indenture Trustee and without the prior written consent of the Requisite Global Majority.
The Indenture Trustee shall be responsible for identifying the Requisite Global Majority in accordance with the terms of this Section 503.
No successor Indenture Trustee shall accept appointment as provided in this Section unless at the time of such acceptance such successor Indenture Trustee shall be eligible under the provisions of Section 906 hereof and shall be acceptable to the Requisite Global Majority.
Notwithstanding the foregoing, the Requisite Global Majority will not be required to provide, and the Indenture Trustee will not be required to obtain, a Tax Opinion in the case of a direction by the Requisite Global Majority to the Indenture Trustee, following an Event of Default, to realize upon the Collateral included in the Collateral Pool by liquidating such Collateral or otherwise.
More Definitions of Requisite Global Majority
Requisite Global Majority. The Noteholders (other than Spirit Realty or any affiliates thereof) that own in the aggregate more than 66 2/3% of the Aggregate Series Principal Balance (excluding, for the purposes of this determination, any Notes held by Spirit Realty or any of its affiliates).
Requisite Global Majority. The Noteholders representing more than 66 2/3% of the Aggregate Series Principal Balance.
Requisite Global Majority. With respect to any action proposed to be taken pursuant to the terms of this Indenture, if (a) Controlling Parties representing more than 50% of the Aggregate Series Principal Balance shall approve or direct such proposed action and (b) unless Controlling Parties representing more than 66 2/3% of the Aggregate Series Principal Balance approve or direct such proposed action, the Insurers (as to which no Insurer Default is continuing) shall approve or direct such proposed action.
Requisite Global Majority. As defined in the related Series Supplement.
Requisite Global Majority shall have the meaning set forth in Section 101 of the Indenture.
Requisite Global Majority. As defined in the Indenture. “Responsible Officer ”: As defined in the Indenture. “Restaurant Concept ”: With respect to any properties operated within the Restaurants Business Sector, any chain of properties that share substantially the same characteristics. “S&P ”: Standard & Poor’s Rating Services, a division of The XxXxxx-Xxxx Companies, Inc. “Series ”: As defined in the Indenture. “Series 2014-1 Supplement ”: The Series 2014-1 Supplement to the Indenture, dated as of the date hereof, among the Issuers and the Indenture Trustee, as amended, supplemented or modified from time to time. “Series 2017-1 Supplement ”: The Series 2017-1 Supplement to the Indenture, dated as of the Series 2017-1 Closing Date, among the Issuers and the Indenture Trustee, as amended, supplemented or modified from time to time. “Series Account : As defined in the Indenture. “Servicer Replacement Event ”: The meaning specified in Section 6.01(a) . “Servicing Account ”: The segregated account or accounts created and maintained pursuant to Section 3.03(a) . “Servicing Fees ”: With respect to each Mortgage Loan, Mortgaged Property and Lease, the Property Management Fee, the Back-Up Fee, the Special Servicing Fee, if any, and the Additional Servicing Compensation, if any. “Servicing File ”: Any documents (other than documents required to be part of the related Loan File or Lease File) in the possession of the Property Manager or the Special Servicer and relating to the origination and servicing of any Mortgage Loan or Lease or the administration of any Mortgaged Property (including copies of all applicable Property Insurance Policies with respect thereto). “Servicing Officer ”: Any officer or employee of the Property Manager or the Special Servicer, as applicable, involved in, or responsible for, the administration, management and servicing of the Mortgage Loans, Mortgaged Properties and Leases, whose name and specimen signature appear on the list of servicing officers furnished, from time to time, by such party to the applicable Issuers and the Indenture Trustee. “Servicing Standard ”: To provide property management services for the Mortgaged Properties and to service and special service the Mortgage Loans and Leases on behalf of the applicable Issuers in accordance with applicable law, the terms of this Agreement, the terms of the respective Mortgage Loans and Leases and, to the extent consistent with the foregoing, (x) in the same manner in which, and with the same care, skill, pru...
Requisite Global Majority. A Requisite Global Majority shall exist with respect to any action proposed to be taken pursuant to the terms of this Indenture or any Supplement if (a) the Control Party or Control Parties representing more than fifty percent (50%) of the aggregate principal balance (or, with respect to any Series of VFNs, prior to a Conversion Event, the Existing Commitment, thereof) of all Series then Outstanding shall approve or direct such proposed action (in making such a determination, each Control Party shall be deemed to have voted the entire aggregate principal balance (or, with respect to any Series of VFNs, prior to a Conversion Event, the Existing Commitment, thereof) of the related Series in favor of, or in opposition to, such proposed action, as the case may be) and (b) unless Control Parties representing more than sixty-six and two-thirds percent (66 2/3%) of the aggregate principal balance of all Series then Outstanding (or, with respect to any Series of VFNs, prior to a Conversion Event, the Existing Commitment, thereof) of all Series then Outstanding shall have approved or directed such proposed action, Ambac, for so long as Ambac shall be designated the Control Party for any Series then Outstanding, shall have also approved or directed such proposed action.