Bondholder Consent Sample Clauses

The Bondholder Consent clause defines the process by which bondholders can approve or reject certain actions or changes related to the bond agreement. Typically, this clause outlines the percentage of bondholders required to consent to amendments, waivers, or other significant decisions, such as modifying payment terms or restructuring debt. By establishing clear procedures for obtaining bondholder approval, the clause ensures that major changes cannot be made unilaterally by the issuer, thereby protecting the collective interests of the bondholders and providing a mechanism for collective decision-making.