Examples of Controlling Note in a sentence
The Controlling Note Holder shall be solely responsible for any expenses incurred in connection with any such replacement without cause.
A Noteholder may exchange any Non-Controlling Note for a Controlling Note in accordance with this paragraph (f), mutatis mutandis.
The Controlling Note Holder shall notify the other parties hereto of its termination of the then currently serving Special Servicer and its appointment of a replacement Special Servicer in accordance with this Section 7.
The Non-Controlling Notes provided to such Noteholder in such exchange shall, but for the right to cast Controlling Votes, have the same terms as the Controlling Note so exchanged by that Noteholder, and shall accrue interest from (and including) the last Interest Payment Date on which interest was paid on such Controlling Notes and shall have the same entitlement to outstanding deferred interest, if any.
The holder of a Controlling Note may, by giving written notice (an "Exchange Notice") to the Issuer, the Manager and the Fiscal Agent, elect to exchange, on a date specified by such Noteholder in the Exchange Notice (the "Exchange Date"), one or more Controlling Notes held by that Noteholder for Non-Controlling Notes.