Majority of Noteholders definition

Majority of Noteholders means Noteholders holding in excess of 50% of the sum of (i) the Class A-1 Notes Voting Amount with respect to each Series of Class A-1 Notes Outstanding and (ii) the Outstanding Principal Amount of each Series of Notes other than the Class A-1 Notes (excluding any Notes or beneficial interests in Notes held by any Securitization Entity or any Affiliate of any Securitization Entity).
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Majority of Noteholders means, as of any date of determination, Noteholders holding more than 50% of the Voting Rights of all Classes of Notes Outstanding as of such date of determination.
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Majority of Noteholders means the holders of at least 51 per cent. of the outstanding Notes.
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Examples of Majority of Noteholders in a sentence

  • Upon the occurrence and during the continuance of any Event of Default, the Indenture Trustee shall, at the written direction of a Majority of Noteholders, accelerate the maturity of the Notes by declaring all of the Notes immediately due and payable, by written notice to the Issuer and the Servicer.

  • Promptly following request by the Indenture Trustee (at the direction of a Majority of Noteholders), the Issuer shall, or shall cause the Guarantor or the Manager to, provide such documents and instruments as shall be reasonably satisfactory to the Indenture Trustee (at the direction of a Majority of Noteholders) to evidence compliance with any material provision of the Transaction Documents applicable to such entities.

  • If the Notes have been declared to be due and payable under Section 10.02 following an Event of Default, and such declaration and its consequences have not been rescinded and annulled, the Indenture Trustee shall, upon the direction of a Majority of Noteholders, elect to maintain possession of the Trust Estate and apply proceeds as if there had been no declaration of acceleration.

  • In determining whether to maintain possession of the Trust Estate, the Indenture Trustee, at the direction of a Majority of Noteholders, shall, at the Issuer’s expense, obtain and shall be protected in relying upon an opinion of an Independent investment banking or accounting firm of international reputation as to the feasibility of such proposed action and as to the sufficiency of the Trust Estate for such purpose.


More Definitions of Majority of Noteholders

Majority of Noteholders means the one or more holders of a Class of Notes representing not less than 50% of the aggregate outstanding Principal Amount of all Notes of such class;
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Majority of Noteholders means Noteholders holding in excess of 50% of the Outstanding Principal Amount of each Series of Notes (excluding any Notes or beneficial interests in Notes held by any Securitization Entity, any Affiliate of any Securitization Entity, the Back-Up Manager or any Affiliate of the Back-Up Manager).
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Majority of Noteholders shall have the meaning ascribed to it in Section 11.07(b).
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Majority of Noteholders means Noteholders holding or representing more than 50 per cent. of the Principal Amount Outstanding of the Euro Notes, Sterling Notes and USD Notes, collectively;
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Related to Majority of Noteholders

  • Majority Noteholders means the Holders of the Notes representing a majority of the principal balance of the most senior Class of Notes then outstanding.

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

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

  • Majority of Holders Holders holding over 50% of the aggregate principal amount of Notes outstanding; provided that, for the purpose of this Agreement, a holder of shares of Common Stock which constitute Transfer Restricted Securities shall be deemed to hold an aggregate principal amount of the Notes (in addition to the principal amount of the Notes held by such holder) equal to the quotient of (x) the number of such shares of Common Stock held by such holder and (y) the conversion rate in effect at the time of their issuance upon conversion of the Notes as determined in accordance with the Indenture.

  • Consenting Noteholders means those Holders of the Prepetition Notes that are party to the Restructuring Support Agreement as “Consenting Noteholders” thereunder.

  • Instituting Noteholders has the meaning set forth in Section 7.6(a) of the Indenture.

  • Senior Noteholders means the holders of the Senior Notes.

  • Requesting Noteholders shall have the meaning ascribed thereto in Section 12.01 of the Indenture.

  • Initial Noteholders shall have the meaning assigned to such term in the recitals.

  • Noteholders means the holders of the Notes.

  • Required Majority means a required majority, as defined in Section 57(o) of the Act.7

  • absolute majority , of the Committee, means a majority of the committee members currently holding office and entitled to vote at the time (as distinct from a majority of committee members present at a committee meeting);

  • Majority Certificateholders The Holders of Certificates evidencing at least 51% of the Voting Rights.

  • Majority Trustee Vote means the vote of a majority of the Trustees;

  • Class A-2 Noteholders means the Class A-2a Noteholders and the Class A-2b Noteholders.

  • Required Consenting Noteholders means, as of the relevant date, the Consenting Noteholders then holding greater than fifty and one-tenth percent (50.1%) of the aggregate outstanding principal amount of Senior Notes Claims that are held by all Consenting Noteholders subject to the Restructuring Supporting Agreement as of such date.

  • special majority means the majority of votes described in §11.2 which is required to pass a special resolution. Act and Interpretation Act Definitions Applicable