Common use of Actions Binding on Future Securityholders Clause in Contracts

Actions Binding on Future Securityholders. At any time prior to (but not after) the evidencing to the Trustee, as provided in Section 10.1, of the taking of any action by the Holders of the majority or other specified percentage in aggregate principal amount of the Securities in connection with such action, any Holder of a Security that is shown by the evidence to be included in the Securities the Holders of which have consented to such action may, by filing written notice with the Trustee, and upon proof of holding as provided in Section 10.2, revoke such action so far as concerns such Security. Except as aforesaid any such action taken by the Holder of any Security shall be conclusive and binding upon such Holder and upon all future Holders and owners of such Security, and of any Security issued in exchange therefor, on registration of transfer thereof or in place thereof, irrespective of whether or not any notation in regard thereto is made upon such Security. Any action taken by the Holders of the majority or other specified percentage in aggregate principal amount of the Securities in connection with such action shall be conclusively binding upon the Company, the Trustee and the Holders of all the Securities.

Actions Binding on Future Securityholders. At any time prior to (but not after) the evidencing to the Trustee, as provided in Section 10.1, of the taking of any action by the Holders holders of the majority or other specified percentage in aggregate principal amount of the Securities specified in this Indenture in connection with such action, any Holder holder of a Security that is shown by the evidence to be included in the Securities the Holders holders of which have consented to such action may, by filing written notice with the Trustee, and upon proof of holding as provided in Section 10.2, revoke such action so far as concerns such Security. Except as aforesaid any such action taken by the Holder holder of any Security shall be conclusive and binding upon such Holder holder and upon all future Holders holders and owners of such Security, and of any Security issued in exchange therefor, on registration of transfer thereof or in place thereof, irrespective of whether or not any notation in regard thereto is made upon such Security. Any action taken by the Holders holders of the majority or other specified percentage in aggregate principal amount of the Securities specified in this Indenture in connection with such action shall be conclusively binding upon the Company, the Trustee and the Holders holders of all the Securities.