Majority Bondholders means (i) in relation to any Series of Covered Bonds, a decision of the General Meeting (as defined in Condition 12 of the Terms and Conditions) of such Series taken in accordance with Condition 12(e) of the Terms and Conditions and (ii) in relation to German law Covered Bonds, an approval of one or more German law Bondholders holding at least two-thirds (⅔) of the then outstanding principal amount of such German law Covered Bonds.

Majority Bondholders means, in relation to any Series, a decision of the General Meeting (as defined in Condition 12 of the Terms and Conditions) of such Series taken in accordance with Condition 12(e) of the Terms and Conditions.

Majority Bondholders means, at any time, the Bondholder or Bondholders who hold, represent or account for more than fifty percent (50%) of the aggregate outstanding principal amount of the Bonds, provided that, in respect of any matter presented for resolution at any meeting of Bondholders that affect the rights and interests of only the holders of the Series [●] Bonds, holders of Series [●] Bonds, exclusively, will be considered for quorum and approval purposes; and in respect of any matter presented for resolution at any meeting of Bondholders that affect the rights and interests of only the holders of the Series [●] Bonds,

Examples of Majority Bondholders in a sentence

The Trustee shall determine and record the presence of the Majority Bondholders, personally or by proxy.
Any such waiver by the Majority Bondholders shall be conclusive and binding upon all Bondholders and upon all future holders and owners thereof, irrespective of whether or not any notation of such waiver is made upon the certificate representing the Bonds.
The presence of the Majority Bondholders, personally or by proxy, shall be necessary to constitute a quorum to do business at any meeting of the Bondholders.
The presence of the Majority Bondholders shall be necessary to constitute a quorum to do business at any meeting of the Bondholders.
Both Rand Water and DWAF have for a number of years considered that the potential for franchising in the water services industry water ought to be investigated.

More Definitions of Majority Bondholders

Majority Bondholders means, at any time, the Bondholder or Bondholders who hold, represent or account for more than 50% of the aggregate outstanding principal amount of the Bonds.

Majority Bondholders means the holders of more than fifty percent (50%) in principal amount, of the Bonds then outstanding.

Majority Bondholders means holders of at least a majority in amount of the Bond Claims (as defined in PROMESA) of GDB that are to be affected by the Voluntary Agreement (as defined below) providing for the Restructuring.

Majority Bondholders means the holders of more than fifty percent (50%) of the principal amount of the Bonds.

Majority Bondholders means at any time the Bondholders that hold at least sixty-six and two thirds percent (662/3%) in principal amount of the Bonds then issued and outstanding hereunder;