Common use of Senior Note Mortgage Bonds Held by the Trustee Clause in Contracts

Senior Note Mortgage Bonds Held by the Trustee. The Trustee, as holder of the Senior Note Mortgage Bonds, shall attend any meeting of bondholders under the First Mortgage Indenture as to which it receives due notice, or, at its option, shall deliver its proxy in connection therewith. Either at such meeting, or otherwise where consent of holders of First Mortgage Bonds issued under the First Mortgage Indenture is sought without a meeting, the Trustee shall vote all of the Senior Note Mortgage Bonds held by it, or shall consent or withhold its consent with respect thereto, as directed by the Holders of not less than a majority in the aggregate principal amount of the outstanding Securities; provided, however, the Trustee shall not vote as such holder of any particular series of Senior Note Mortgage Bonds in favor of, or give its consent to, any action which, in the Trustee's opinion, would materially adversely affect such series of Senior Note Mortgage Bonds in a manner not shared generally by all other Senior Note Mortgage Bonds, except upon notification by the Trustee to the Holders of the Related Series of Securities of such proposal and consent thereto of the Holders of not less than a majority in aggregate principal amount of the outstanding Securities of such series.

Appears in 1 contract

Samples: Texas New Mexico Power Co

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Senior Note Mortgage Bonds Held by the Trustee. The Trustee, as holder a Holder of the Senior Note Mortgage Bonds, shall attend any meeting of bondholders under the First Mortgage Indenture as to which it receives due notice, or, at its option, shall deliver its proxy in connection therewith. Either at such meeting, or otherwise where consent of holders of First Mortgage Bonds first mortgage bonds issued under the First Mortgage Indenture is sought without a meeting, the Trustee shall vote all of the Senior Note Mortgage Bonds held by it, or shall consent or withhold its consent with respect thereto, as directed by the Holders of not less than a majority in the aggregate principal amount of the outstanding Securities; provided, however, the Trustee shall not vote as such holder of any particular series of Senior Note Mortgage Bonds in favor of, or give its consent to, any action which, in the Trustee's opinion, would materially adversely affect such series of Senior Note Mortgage Bonds in a manner not shared generally by all other Senior Note Mortgage Bonds, except upon notification by the Trustee to the Holders of the Related Series related series of Securities of such proposal and consent thereto of the Holders of not less than a majority in aggregate principal amount of the outstanding Securities of such series.

Appears in 1 contract

Samples: Indenture (Public Service Co of Oklahoma)

Senior Note Mortgage Bonds Held by the Trustee. The Trustee, as holder a Holder of the Senior Note Mortgage Bonds, shall attend any meeting of bondholders Bondholders under the First Mortgage Indenture as to which it receives due notice, or, at its option, shall deliver its proxy in connection therewith. Either at such meeting, or otherwise where consent of holders Holders of First Mortgage Bonds issued under the First Mortgage Indenture is sought without a meeting, the Trustee shall vote all of the Senior Note Mortgage Bonds held by it, or shall consent or withhold its consent with respect thereto, as directed by the Holders of not less than a majority in the aggregate principal amount of the outstanding SecuritiesNotes; provided, however, the Trustee shall not vote as such holder Holder of any particular series of Senior Note Mortgage Bonds in favor of, or give its consent to, any action which, in the Trustee's opinion, would materially adversely affect such series of Senior Note Mortgage Bonds in a manner not shared generally by all other Senior Note Mortgage Bonds, except upon notification by the Trustee to the Holders Noteholders of the Related Series related series of Securities Notes of such proposal and consent thereto of the Holders of not less than a majority in aggregate principal amount of the outstanding Securities Notes of such series.

Appears in 1 contract

Samples: Indenture (Northern States Power Co /Mn/)

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Senior Note Mortgage Bonds Held by the Trustee. The Trustee, as holder of the Senior Note Mortgage Bonds, shall attend any meeting of bondholders under the First Mortgage Indenture as to which it receives due notice, or, at its option, shall deliver its proxy in connection therewith. Either at such meeting, or otherwise where consent of holders of First Mortgage Bonds first mortgage bonds issued under the First Mortgage Indenture is sought without a meeting, the Trustee shall vote all of the Senior Note Mortgage Bonds held by it, or shall consent or withhold its consent with respect thereto, as directed by the Holders of not less than a majority in the aggregate principal amount of the outstanding Securities; provided, however, the Trustee shall not vote as such holder of any particular series of Senior Note Mortgage Bonds in favor of, or give its consent to, any action which, in the Trustee's opinion, would materially adversely affect such series of Senior Note Mortgage Bonds in a manner not shared generally by all other Senior Note Mortgage Bonds, except upon notification by the Trustee to the Holders of the Related Series of Securities of such proposal and consent thereto of the Holders of not less than a majority in aggregate principal amount of the outstanding Securities of such series.

Appears in 1 contract

Samples: Texas New Mexico Power Co

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