SECURITY HOLDER ACTION BY WRITTEN CONSENT Sample Clauses

SECURITY HOLDER ACTION BY WRITTEN CONSENT. Any action which may be taken by Security Holders at a meeting may be taken without a meeting if Security Holders holding a majority of all Outstanding Trust Securities (based upon their Liquidation Amount) entitled to vote in respect of such action (or such larger proportion thereof as shall be required by any express provision of this Trust Agreement) shall consent to the action in writing.