We use cookies on our site to analyze traffic, enhance your experience, and provide you with tailored content.

For more information visit our privacy policy.

Common use of Holders Bound Clause in Contracts

Holders Bound. Except where the consent of others may be required pursuant to the express provisions of the Collateral Trust Agreement, any modification, amendment, waiver, termination or discharge of any security interest, right, remedy, power or benefit conferred upon Secured Party hereby that is effectuated in a writing signed by Secured Party shall be binding upon all holders of Secured Obligations if it is authorized in the Collateral Trust Agreement or directed in writing by Newco Group.

Appears in 3 contracts

Samples: Stock Contribution and Exchange Agreement (Panamsat Corp), Pledge and Security Agreement (Panamsat Corp /New/), Pledge and Security Agreement (Grupo Televisa S A)

Holders Bound. Except where the consent of others may be required pursuant to the express provisions of the Collateral Trust Agreement, any modification, amendment, waiver, termination or discharge of any security interest, right, remedy, power or benefit conferred upon Secured Party hereby that is effectuated in a writing signed by Secured Party shall be binding upon all holders of Secured Obligations if it is authorized in the Collateral Trust Agreement or directed in writing by Newco GroupAgreement.

Appears in 3 contracts

Samples: Pledge and Security Agreement (Grand Casinos Inc), Merger Agreement (Hilton Hotels Corp), Pledge and Security Agreement (Lakes Gaming Inc)