Common use of Certificates Held by the Company Clause in Contracts

Certificates Held by the Company. Whenever the consent or approval of Holders of a majority in principal amount of the Transfer Restricted Securities is required hereunder, the Transfer Restricted Securities held by any of the Company or its Affiliates (other than subsequent Holders who are deemed to be Affiliates solely by reason of its holdings of such Transfer Restricted Securities) shall not be counted in determining whether such consent or approval was given by Holders of such required majority.

Appears in 5 contracts

Samples: Registration Rights Agreement (Receipts on Corporate Securities Trust Series BNSF 1998-1), Registration Rights Agreement (Prudential Securities Structured Assets Inc), Registration Rights Agreement (Receipts on Corporate Securities Trust Series BLS 1998-1)

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