Common use of Evidence of Action by Holders Clause in Contracts

Evidence of Action by Holders. (a) Whenever in this Indenture it is provided that the holders of a majority or specified percentage in aggregate principal amount of the Debentures may take any action (including the making of any demand or request, the giving of any notice, consent or waiver or the taking of any other action), the fact that at the time of taking any such action the holders of such majority or specified percentage have joined therein may be evidenced by any instrument or any number of instruments of similar tenor executed by such holders of Debentures in Person or by agent or proxy appointed in writing.

Evidence of Action by Holders. (a) Whenever in this Indenture it is provided that the holders Holders of a majority or specified percentage in aggregate principal amount of the Debentures Debt Securities of any or all series may take any action (including the making of any demand or request, the giving of any direction, notice, consent or waiver or the taking of any other action), ) the fact that at the time of taking any such action the holders Holders of such majority or specified percentage have joined therein may be evidenced by any instrument or any number of instruments of similar tenor executed by such holders of Debentures Holders in Person or by agent or proxy appointed in writing.