Act of Holders definition

Act of Holders. The meanings specified in Section 14.2.
Act of Holders when used with respect to any Holder of a Note, has the meaning specified in Section 16.4(a) hereof.
Act of Holders when used with respect to any Holders, has the meaning specified in Section 1.09(1).

Examples of Act of Holders in a sentence

  • It shall not be necessary for any Act of Holders under this Section to approve the particular form of any proposed supplemental indenture, but it shall be sufficient if such Act shall approve the substance thereof.

  • Such instrument or instruments (and the action embodied therein and evidenced thereby) are herein sometimes referred to as the "Act" of Holders signing such instrument or instruments.

  • It shall not be necessary for any Act of Holders of Securities under this Section to approve the particular form of any proposed supplemental indenture, but it shall be sufficient if such Act shall approve the substance thereof.

  • It shall not be necessary for any Act of Holders under this Section 902 to approve the particular form of any proposed supplemental indenture, but it shall be sufficient if such Act shall approve the substance thereof.

  • It shall not be necessary for any Act of Holders of Notes under this Section to approve the particular form of any proposed supplemental indenture, but it shall be sufficient if such Act shall approve the substance thereof.


More Definitions of Act of Holders

Act of Holders. The meanings specified in Section 14.2(a). “Adjusted Collateral Principal Amount”: As of any date of determination, (a) the Aggregate Principal Amount of the Collateral Obligations (other than Defaulted Obligations, Discount Obligations and Deferring Securities), plus (b) without duplication, the amounts on deposit in the Principal Collection Subaccount, the Contribution Account (to the extent such amounts have been designated for application as Principal Proceeds pursuant to the definition ofPermitted Use”) and the Ramp-Up Account (including Eligible Investments therein), plus (c) the Moody’s Collateral Value of all Defaulted Obligations and Deferring Securities; provided, that no Defaulted Obligation that the Issuer has owned for more than three years after the date it became a Defaulted Obligation will be included in the calculation of the Adjusted Collateral Principal Amount, plus (d) the aggregate, for each Discount Obligation, of the purchase price (expressed as a percentage of par) multiplied by the principal balance of such Discount Obligation, as of such date of determination, minus (e) the Excess CCC/Caa Adjustment Amount; provided, that, with respect to any Collateral Obligation that satisfies more than one of the definitions of Defaulted Obligation, Deferring Security, Discount Obligation or any asset that falls into the Excess CCC/Caa Adjustment Amount, such Collateral Obligation will, for the purposes of this definition, be treated as belonging to the category of Collateral Obligations which results in the lowest Adjusted Collateral Principal Amount on any date of determination, provided, further that (i) for any Collateral Obligation that will mature after the earliest Stated Maturity, the Adjusted Collateral Principal Amount will be calculated at (A) with respect to any such Collateral Obligation that will mature less than two years after the earliest Stated Maturity, 70% of the outstanding principal amount thereof and (B) with respect to any such Collateral Obligation that will mature greater than two years after the earliest Stated Maturity, 0% of the outstanding principal amount thereof and (ii) the Aggregate Principal Amount of any Closing Date Participations that are not elevated to an assignment prior to the Effective Date will be deemed to have a principal balance for purposes of this definition equal to the lower of (x) the Principal Balance of such Closing Date Participation multiplied by the Moody’s Recovery Rate for such Closin...
Act of Holders. The meanings“Additional Long Dated Obligation”: The meaning specified in Section 14.27.20.
Act of Holders has the meaning specified in Section 1.05.
Act of Holders has the meaning specified in Section 13.17(a).
Act of Holders when used with respect to any Holder of a Note, has the meaning specified in Section 14.4(a).
Act of Holders when used with respect to any Holder(s), has the meaning ascribed thereto in Section 1.12(a); “Additional Amounts” has the meaning ascribed thereto in Section 2.22(a); “Affiliate” has the meaning ascribed thereto in the Securities Act (British Columbia); “Agency Agreement” has the meaning ascribed thereto on the first page of this Indenture; “Applicable Law” means, at any time, with respect to any Person, property, transaction, event or other matter, as applicable, all laws, rules, statutes, regulations, treaties, orders, judgments and decrees, and all official requests, directives, rules, guidelines, orders, policies, practices and other requirements of any Governmental Authority relating or applicable at such time to such Person, property, transaction, event or other matter, and shall also include any interpretation thereof by any Person having jurisdiction over it or charged with its administration or interpretation; “Applicable Securities Law” means any Applicable Law in any jurisdiction in Canada regulating, or regulating disclosure with respect to, any sale or distribution of securities in, or to residents of, such jurisdiction; “Applicants” has the meaning ascribed thereto in Section 2.25(b); “Authenticated” means: (a) with respect to the issuance of a Certificated Debenture, one which has been duly signed by the Corporation and authenticated by manual signature of an authorized officer of the Trustee, (b) with respect to the issuance of an Uncertificated Debenture, one in respect of which the Trustee has completed all Internal Procedures such that the particulars of such Uncertificated Debenture are entered in the records of the Trustee, and “Authenticate”, “Authenticating” and “Authentication” have corresponding meanings;
Act of Holders. The meanings specified in Section 14.2(a). “Adjusted Collateral Principal Amount”: As of any date of determination, (a) the Aggregate Principal Amount of the Collateral Obligations (other than Defaulted Obligations, Discount Obligations and Deferring Securities), plus (b) without duplication, the amounts on deposit in the Principal Collection Subaccount, the Contribution Account (to the extent such amounts have been designated for application as Principal Proceeds pursuant to the definition ofPermitted Use”) and the Ramp-Up Account (including Eligible Investments therein), plus (c) the Moody’s Collateral Value of all Defaulted Obligations and Deferring Securities; provided, that no Defaulted Obligation that the Issuer has owned for more than three years after the date it became a Defaulted Obligation will be included in the calculation of the Adjusted Collateral Principal Amount, plus (d) the aggregate, for each Discount Obligation, of the purchase price (expressed as a percentage of par) multiplied by the principal balance of such Discount Obligation, as of such date of determination, minus (e) the Excess CCC/Caa Adjustment Amount; provided, that, with respect to any Collateral Obligation that satisfies more than one of the definitions of Defaulted Obligation, Deferring Security, Discount Obligation or any asset that falls into the Excess CCC/Caa Adjustment Amount, such Collateral Obligation will, for the purposes of this definition, be treated as belonging to the category of Collateral Obligations which results in the lowest Adjusted Collateral Principal Amount on any date of determination, provided, further that (i) for any Collateral Obligation that will mature after the earliest Stated Maturity, the Adjusted Collateral Principal Amount will be calculated at (A) with respect to any such Collateral Obligation that will mature less than two years after the earliest Stated Maturity, 70% of the outstanding principal amount thereof and (B) with respect to any such Collateral Obligation that will mature greater than two years after the earliest Stated Maturity, 0% of the outstanding principal amount thereof and (ii) the Aggregate Principal Amount of any Closing Date Participations that are not elevated to an assignment prior to the Effective Date will be deemed to have a principal balance for purposes of this definition equal to the lower of (x) the Principal Balance of such Closing Date Participation multiplied by the Moody’s Recovery Rate for such Closin...