Common use of Actions by Holders Clause in Contracts

Actions by Holders. Any actions permitted to be taken by the Holder of this Note and any consents required to be obtained from the same under this Note, may be taken or given only by the Holder. In all other cases, action may only be taken by Holders of a majority of the face amount of the principal of all series of Notes (treated as a single class) ("Majority Holders"), and if such Majority Holders take any action or grant any consent, such action or consent shall be deemed given or taken by all Holders who shall be bound by the decision or action taken by the Majority Holders without any liability on the part of the Majority Holders to any other Holder of securities hereto