Majority Certificateholder definition

Majority Certificateholder means the Holder of the greatest percentage ownership interest in the Certificate as recorded in the Certificate Register.

Majority Certificateholder. With respect to any specified Class or Classes of Certificates, as of any date of determination, any Holder or particular group of Holders of Certificates of such Class or Classes, as the case may be, entitled to a majority of the Voting Rights allocated to such Class or Classes, as the case may be.

Majority Certificateholder. A Holder of a 50.01% or greater Certificate Percentage Interest of the Certificates.

Examples of Majority Certificateholder in a sentence

• If the Certificate Registrar resigns or is removed, the Majority Certificateholder, with the consent of the Owner Trustee, shall appoint a successor Certificate Registrar.

• Such Majority Certificateholder shall so designate a Person to so serve by the delivery to the Trustee of a written notice stating such designation, subject to the approval of the Trustee, which approval shall not be unreasonably withheld.

• The Majority Certificateholder of the Controlling Class may at any time and from time to time replace any existing Special Servicer or any Special Servicer that has resigned or otherwise ceased to serve as Special Servicer.

• If the Trust Collateral Agent has resigned or has been removed pursuant to this Section 9.10, the Issuer (or the Owner Trustee, on its behalf (acting at the written direction of the Majority Certificateholder)) shall have the sole right to appoint each successor Trust Collateral Agent that meets the qualifications required hereunder.

• The Trust Agreement permits the amendment thereof as specified below, provided that any amendment be accompanied by an Opinion of Counsel to the Owner Trustee to the effect that such amendment complies with the provisions of the Trust Agreement and, if AHM SPV III LLC was not the Majority Certificateholder, would not cause the Trust to be subject to an entity level tax for federal income tax purposes.

More Definitions of Majority Certificateholder

Majority Certificateholder. The Holder or Holders of Certificates evidencing Voting Rights in excess of 51% in the aggregate.

Majority Certificateholder means as of any date, the holder of more than 50% interest in the Certificate.

Majority Certificateholder. A Holder of a 50.01% or greater Certificate Percentage Interest of the Owner Trust Certificates.

Majority Certificateholder means the holders of more than 50% of the Certificate Balance of the Certificates without regard to the Certificates held by the Depositor.

Majority Certificateholder means more than 50% by principal amount of the Certificateholders.

Majority Certificateholder. The Holder or Holders of Class A Certificates evidencing Percentage Interests in excess of 51%.

Majority Certificateholder. The holder of the majority interest in the Certificate, which as of the Closing Date is Funding Co.