Noteholder Meetings Sample Clauses
The Noteholder Meetings clause establishes the procedures and rules for convening and conducting meetings of noteholders. It typically outlines how meetings are called, the required notice periods, quorum requirements, and voting procedures, such as how votes are counted and what constitutes a majority. This clause ensures that noteholders have a formal mechanism to collectively make decisions on matters affecting their interests, thereby promoting transparency and orderly governance in the administration of the notes.
Noteholder Meetings. The Notes contemplate meetings of Noteholders to consider matters affecting their interests. In such meetings, resolutions passed by defined majorities will bind all Noteholders, even if they have voted against those resolutions. Notional/Principal Increase: The Issuer may from time to time issue further notes which are fungible with the Notes as a result of which any voting control held by the Noteholders may be diluted. Notes subject to optional redemption: Notes may be redeemable at the Issuer’s option. The market value of such Notes will tend not to rise above the price at which they can be redeemed. Upon redemption, an investor may not be able to reinvest redemption proceeds at the same effective interest rate.
Noteholder Meetings. The Notes contemplate meetings of Noteholders to consider matters affecting their interests. In such meetings, resolutions passed by defined majorities will bind all Noteholders, even if they have voted against those resolutions. Notes subject to optional redemption: Notes may be redeemable at the Issuer’s option. The market value of such Notes will tend not to rise above the price at which they can be redeemed. Upon redemption, an investor may not be able to reinvest redemption proceeds at the same effective interest rate.
Noteholder Meetings. The Issuer will, upon the request of the Required Holders, participate in a meeting of the holders of the Notes once during each Fiscal Year to be held at the Issuer’s corporate offices (or at such other location as may be agreed to by the Issuer and the Required Holders) at such time as may be agreed to by the Issuer and the Required Holders.
Noteholder Meetings. Any meeting of the Noteholders shall be held in accordance with Article 15 of the Mortgage Indenture and Article 15 of the PIK Indenture. At any such meeting, the Mortgage Noteholders and the PIK Noteholders shall vote as a single class by principal amount of the Notes then outstanding, and the vote of the holders of a majority of the principal amount of the Notes then outstanding shall be the act of the Noteholders.
Noteholder Meetings. Within 30 days of each of November 15 and May 15 of each Fiscal Year, upon reasonable prior notice, the Payor shall hold an in-person meeting with Noteholder, at which meeting the financial results and financial condition of the Payor shall be reviewed.
Noteholder Meetings. The Notes contemplate meetings of Noteholders to consider matters affecting their interests. In such meetings, resolutions passed by defined majorities will bind all Noteholders.