Common use of EVIDENCE OF ACTIONS BY SECURITYHOLDERS Clause in Contracts

EVIDENCE OF ACTIONS BY SECURITYHOLDERS. Whenever the Holders of a specified percentage in aggregate principal amount of the Securities may take any action, the fact that the holders of such percentage have acted may be evidenced by (a) instruments of similar tenor executed by securityholders in person or by attorney or written proxy, or (b) the Holders of Securities voting in favor thereof at any meeting of Securityholders called and held in accordance with the provisions of this Article 10, or (c) by a combination thereof. The Trustee may require proof of any matter concerning the execution of any instrument by a Securityholder or his attorney or proxy as it shall deem necessary.

Appears in 7 contracts

Samples: Indenture (Transition Auto Finance Ii Inc), Indenture (Transition Auto Finance Iv Inc), Indenture (Transition Auto Finance Ii Inc)

AutoNDA by SimpleDocs
Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!