Requisite Holders’ Consent Sample Clauses
The Requisite Holders’ Consent clause defines the requirement that certain actions or decisions by a company must receive approval from a specified majority or group of security holders, often those holding a particular class or percentage of shares. In practice, this clause outlines which matters—such as amendments to key agreements, mergers, or issuance of new securities—cannot proceed without the affirmative vote or written consent of these holders. Its core function is to protect the interests of significant investors by ensuring they have a say in major corporate decisions, thereby preventing unilateral actions by management or other shareholders that could adversely affect their rights or investment.
Requisite Holders’ Consent. Subject to Sections 10.6(b), 10.6(c) and 10.6(g), no amendment, modification, termination or waiver of any provision of the Note Documents, or consent to any departure by any Note Party therefrom, shall in any event be effective without the written concurrence of (i) in the case of this Agreement, the Issuer, the Administrative Agent and the Requisite Holders or (ii) in the case of any other Note Document, the Issuer and the Administrative Agent with the consent of the Requisite Holders.
Requisite Holders’ Consent. Subject to Sections 11.5(b) and 11.5(c), no amendment, modification, termination or waiver of any provision of the Credit Documents (other than the Registration Rights Agreement), or consent to any departure by any Credit Party therefrom, shall in any event be effective without the written concurrence of (I) in the case of this Agreement, the Co-Issuers, Note Agent and the Requisite Holders or (II) in the case of any other Credit Document (other than the Registration Rights Agreement), Note Agent and, if party thereto, Collateral Agent, with the consent of the Requisite Holders and, if required by this Agreement and such other Credit Documents (other than the Registration Rights Agreement), the applicable Credit Party. Notwithstanding the foregoing or anything else to the contrary contained in this Agreement or any other Credit Document (other than the Registration Rights Agreement), no Affiliated Holder shall (i) have the right to vote in respect to any amendments, modifications, terminations, waivers or consents in connection with the Credit Documents (other than the Registration Rights Agreement) or any other action in respect thereof (and its Notes shall not be counted in determining whether any such vote has been obtained), (ii) participate in any meetings of Note Agent and the Holders at any time, (iii) receive any information regarding Holdings or its Subsidiaries generated by entities other than Holdings, or (iv) have any other rights under the Credit Documents (other than the Registration Rights Agreement) other than economic rights, provided, that “economic rights” shall include, without limitation, rights to (x) receive any fees paid generally to Holders or to consenting Holders in connection with waivers and amendments under this Agreement, (y) sell or grant assignments of and participations in its Notes in a manner that otherwise complies with the requirements of this Agreement in respect of assignments and participations of Notes and (z) vote on matters affecting its economic rights pursuant to Section 11.5.
Requisite Holders’ Consent. Subject to Sections 11.05(b) and 11.05(h), no amendment, modification, termination or waiver of any provision of the Note Documents, or consent to