Common use of Evidence of Action Taken by a Holder Clause in Contracts

Evidence of Action Taken by a Holder. (a) Any request, demand, authorization, direction, notice, consent, waiver or other action provided by the Indenture to be given or taken by any Holder may be embodied in and evidenced (i) by any instrument or any number of instruments of similar tenor executed by Holders in person or by agent or proxy appointed in writing, or (ii) by the record of the Holders of Notes voting in favor thereof at any meeting of Holders duly called and held in accordance with the provisions of Article 12, or (iii) by a combination of such instrument or instruments and any such record of such meeting of Holders. Except as otherwise expressly provided in the Indenture, such action shall become effective when such instrument or instruments are delivered to the Indenture Trustee. Proof of execution of any instrument or of a writing appointing any such agent shall be sufficient for any purpose of the Indenture and (subject to Sections 6.1 and 6.2) conclusive in favor of the Indenture Trustee and the Trust, if made in the manner provided in this Article. The record of any meeting of Holders of Notes shall be proved in the manner provided in Section 12.6.

Appears in 4 contracts

Samples: Administrative Services Agreement (Allstate Life Global Funding), Administrative Services Agreement (Allstate Life Global Funding), Administrative Services Agreement (Allstate Life Insurance Co)

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Evidence of Action Taken by a Holder. (a) Any request, demand, authorization, direction, notice, consent, waiver or other action provided by the Funding Note Indenture to be given or taken by any Holder may be embodied in and evidenced (i) by any instrument or any number of instruments of similar tenor executed by Holders in person or by agent or proxy appointed in writing, or (ii) by the record of the Holders of Notes the Funding Note voting in favor thereof at any meeting of Holders duly called and held in accordance with the provisions of Article 12, or (iii) by a combination of such instrument or instruments and any such record of such meeting of Holders. Except as otherwise expressly provided in the Funding Note Indenture, such action shall become effective when such instrument or instruments are delivered to the Funding Note Indenture Trustee. Proof of execution of any instrument or of a writing appointing any such agent shall be sufficient for any purpose of the Funding Note Indenture and (subject to Sections 6.1 and 6.2) conclusive in favor of the Funding Note Indenture Trustee and the TrustGlobal Funding, if made in the manner provided in this Article. The record of any meeting of Holders of Notes the Funding Note shall be proved in the manner provided in Section 12.6.

Appears in 2 contracts

Samples: Administrative Services Agreement (Allstate Life Global Funding), Administrative Services Agreement (Allstate Life Global Funding)

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Evidence of Action Taken by a Holder. (a) Any request, demand, authorization, direction, notice, consent, waiver or other action provided by the this Indenture to be given or taken by any Holder with respect to the Notes of any series may be embodied in and evidenced (i) by any instrument or any number of instruments of similar tenor executed by Holders in person or by agent or proxy appointed in writing, or (ii) by the record of the Holders of Notes voting in favor thereof at any meeting of Holders duly called and held in accordance with the provisions of Article 12, or (iii) by a combination of such instrument or instruments and any such record of such meeting of Holders. Except as herein otherwise expressly provided in the Indentureprovided, such action shall become effective when such instrument or instruments are delivered to the Indenture Trustee. Proof of execution of any instrument or of a writing appointing any such agent shall be sufficient for any purpose of the this Indenture and (subject to Sections 6.1 and 6.2) conclusive in favor of the Indenture Trustee and the TrustIssuer, if made in the manner provided in this Article. The record of any 60 meeting of Holders of Notes shall be proved in the manner provided in Section 12.6.

Appears in 1 contract

Samples: Allstate Life Global Funding

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