Controlling Holders definition

Controlling Holders means in the case of consent or direction to be given hereunder, the Holders of the majority in aggregate principal amount of the outstanding Bonds.

Controlling Holders means Neil G. Bluhm and Gregory A. Carlin and their respective trusts. “DGCL” means the General Corporation Law of the State of Delaware.

Controlling Holders means, (i) at any time prior to a Collateral Split, both of the Primary Lenders acting together and (ii) at any time after a Collateral Split, with respect to any Loan Agreement and the related Transaction Documents, the holders of a majority of the aggregate outstanding principal amount of the Class A Notes and the Class B Notes governed by such Loan Agreement or, if there are only two holders of such Class A Notes and the Class B Notes, all of such holders of such Class A Notes and the Class B Notes.

Examples of Controlling Holders in a sentence

• During the financial year 2021 there have been some company name changes.

• Except for those Events of Default described in paragraphs (a) and (b) of Section 6.01 hereof, at any time, in its discretion, the Trustee may waive any Event of Default hereunder and its consequences and may rescind and annul any‌declaration of maturity of principal of or interest on, the Bonds, and the Trustee shall do so upon the written request of the Controlling Holders.

• If the Trustee is unable to determine that sufficient funds will be available to pay (not out of the Trustee’s own funds) the full amount of the principal and accrued but unpaid interest to the Holders of the Bonds as of the date of acceleration, the Trustee shall declare the principal of the Bonds immediately due and payable, but only upon the written direction of the Controlling Holders.

• The Trustee also may be removed at any time for any breach of trust or for acting or proceeding in violation of, or for failing to act or proceed in accordance with, any provision of this Indenture with respect to the duties and obligations of the Trustee by any court of competent jurisdiction upon the application of the Borrower or the Controlling Holders.

• The Controlling Holders shall be entitled to request an unlimited number of Long-Form Registrations in which the Corporation shall pay all Registration Expenses, regardless of whether any registration statement is filed or any such Demand Registration is consummated.

More Definitions of Controlling Holders

Controlling Holders. The Holders of not less than 51% of the Outstanding Principal Amount (or with respect to any Class during the Funding Period applicable to such Class, the Maximum Series Amount with respect to such Class) of the most senior Class of Certificates then Outstanding (or Classes, if more than one Series is Outstanding).

Controlling Holders has the meaning set forth in the Preamble. 66

Controlling Holders means (a) Txxxxx X. Xxxxxxx and Rxxxxx X. Xxxxx, acting unanimously, as long as each holds any Registrable Securities (or securities convertible into Registrable Securities), (b) Txxxxx X. Xxxxxxx, if he holds Registrable Securities (or securities convertible into Registrable Securities) and Rxxxxx X. Xxxxx does not hold any Registrable Securities, (c) Rxxxxx X. Xxxxx, if he holds Registrable Securities (or securities convertible into Registrable Securities) but Txxxxx X. Xxxxxxx does not hold any Registrable Securities, or (d) if neither Txxxxx X. Xxxxxxx nor Rxxxxx X. Xxxxx hold any Registrable Securities (or securities convertible into Registrable Securities), the Holders holding a majority of the outstanding Registrable Securities (or securities convertible into Registrable Securities).

Controlling Holders. If any Class A Certificates are then Outstanding, the Holders of not less than 51% of the Outstanding Principal Amount of all Series of Class A Certificates; otherwise the Holders of not less than 51% of the Outstanding Principal Amount of all Series of Class B Certificates.

Controlling Holders means, at any time,

Controlling Holders means, so long as any amounts payable hereunder to the holders of the Class A Notes remain outstanding, the holders of a majority of the aggregate outstanding principal amount of the Class A Notes, and thereafter, so long as any amounts payable hereunder to the holders of the Class B Notes remain outstanding, the holders of the aggregate outstanding principal amount of the Class B Notes.

Controlling Holders. Holders of Class A Notes representing at least 50% of the Class A Note Balance, and after the Class A Note Balance has been reduced to zero, Holders of Class B Notes representing at least 50% of the Class B Note Balance.