Requisite Noteholders definition

Requisite Noteholders. Holders of Notes evidencing not less than a majority of the Outstanding Amount of the Controlling Class.

Requisite Noteholders means the holders of a majority-in-interest of the aggregate principal amount of the Notes.

Requisite Noteholders means Purchaser Groups having Commitment Percentages aggregating more than 50%.

Examples of Requisite Noteholders in a sentence

• The parties hereto will not make any changes to the Collateral Custodian Fee without the prior written approval of (A) the Indenture Trustee (acting at the direction of the Requisite Noteholders) or (B) if the Notes (other than the Class XS Notes) are no longer outstanding, the Issuing Entity (acting at the direction of the Majority Certificateholders).

• The Indenture Trustee may make arrangements for compensation to be paid to the Successor Servicer, which in no event may be greater than the servicing compensation to the Servicer hereunder, unless consented to by the Requisite Noteholders.

• Notwithstanding the foregoing, any term of this Agreement or the Notes may be amended and the observance of any term of this Agreement or the Notes may be waived (either generally or in a particular instance and either retroactively or prospectively) with the written consent of the Company and the Requisite Noteholders.

• If the Trustee receives Consents from the Requisite Noteholders on or before the Consent Period Expiration Date, then on the immediately following Distribution Date, upon receipt of written direction from the Administrator the Trustee will pay the Designated Amounts to the Administrative Agent for the accounts of the non-consenting Purchaser Groups.

• The Administrative Agent shall take such action with respect to such event as shall be reasonably directed by the Requisite Noteholders, provided that unless and until the Administrative Agent shall have received such directions, the Administrative Agent may (but shall not be obligated to) take such action, or refrain from taking such action, with respect to such event as it shall deem advisable in the best interests of the Purchaser Groups.

More Definitions of Requisite Noteholders

Requisite Noteholders means Purchaser Groups having Commitment Percentages aggregating more than 50% (or if all Commitments have terminated, Purchaser Groups whose aggregate Purchaser Group Invested Amounts exceed 50% of the Series 2015-3 Invested Amount); provided, however, that on any date on which there are fewer than three Purchaser Groups (solely for the purposes of this proviso, Purchaser Groups members of which are Affiliates of members of another Purchaser Group shall be deemed to be one Purchaser Group), “Requisite Noteholders” shall mean all Purchaser Groups, collectively.

Requisite Noteholders means the Lead Investor administering the terms of the Special Purpose Vehicle and the Major Investors purchasing outside the Special Purpose Vehicle.

Requisite Noteholders means, as of the date hereof, Consenting Noteholders holding at least a majority of the outstanding principal amount of the Notes held by such holders.

Requisite Noteholders means Purchaser Groups having Commitment Percentages aggregating more than 50% (or if all Commitments have terminated, Purchaser Groups whose aggregate Purchaser Group Invested Amounts exceed 50% of the Series 2010-6 Invested Amount).

Requisite Noteholders means the holders of Notes issued to the Purchaser pursuant to this Agreement and the Notes whenever issued to all other purchasers pursuant to similar agreements dated on or about the date of this Agreement with an aggregate principal amount equal to or greater than 50% of the aggregate principal amount of all then outstanding Notes issued to the Purchaser pursuant to this Agreement and the Notes whenever issued to all other purchasers pursuant to similar agreements dated on or about the date of this Agreement.

Requisite Noteholders means Series 1997-1 Noteholders holding 50% or more of the Series 1997-1 Invested Amount.

Requisite Noteholders means Series 2003-5 Noteholders holding more than 50% of the Series 2003-5 Invested Amount.