Control Party

Example Definitions of "Control Party"
Control Party. With respect to a Series, Noteholders of such Series representing more than seventy-two percent (72%) of the then unpaid principal balance of all Notes Outstanding within such Series, unless otherwise specified in the Supplement related to such Series. As long as Fortis Bank and Barclays Bank PLC, or any of their Affiliates, own all of the Series 2002-1 Notes, Control Party shall mean both (1) Fortis Bank or an Affiliate designated by it and (2) Barclays Bank PLC or an Affiliate designated by... it. View More Arrow
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