Majority Debenture Holders definition

Majority Debenture Holders means such number of Debenture Holders collectively holding not less than 75% (seventy-five per cent) of the nominal value of the Debentures then outstanding which have the same International Securities Identification Number (“ISIN”). It is clarified that the ‘majority’ shall be determined as majority of Debenture Holders under each respective ISIN. “Majority Resolution” has the meaning ascribed to such term in paragraph 40 of Schedule 2 (Provisions for Meetings of Debenture Holders).

Majority Debenture Holders means the Debenture Holders whose share in the Principal Amount aggregates to equal to or more than [•] of the value of the nominal amount of the Debentures for the time being outstanding. Provided that for the purpose of this definition, the Debentures held by the Issuer, Sponsor and any Related Party of the Issuer and Sponsor shall be excluded.

Majority Debenture Holders means, subject to the Coordination Agreement, the Debenture Holders holding an aggregate amount representing not less than 51% (fifty one percent) or such other higher percentage as required under Law, of the value of the aggregate principal amount of all Debentures outstanding from time to time, and for items specifically mentioned to be governed as such in the Coordination Agreement, subject to Applicable Laws (including SEBI Regulations), Group Issuers Majority Debenture Holders.

Examples of Majority Debenture Holders in a sentence

• Any other change or modification to the terms of the Debentures shall require approval by the Majority Debenture Holders in the manner as provided for in the Debenture Trust Deed.

• Any other change or modification to the terms of the Debentures shall require approval by the Majority Debenture Holders.

• Any other change or modification to the terms of the Debentures shall require approval by the Majority Debenture Holder(s) in the manner as provided for in the Debenture Trust Deed.

• As long as Event of Default subsists then until the rectification of the Event of Default or until the redemption of the Debentures in full to the satisfaction of the Debenture Trustee, the Company shall not, without the prior written consent of the Majority Debenture Holders, declare or pay any dividend or make any distribution of its share capital or purchase or redeem or otherwise acquire any part of its own share capital or in any other way transfer funds from the Company to the shareholders.

• The Company shall not be permitted to assign or transfer any of its rights, liabilities and/or obligations under this Deed or under any other Transaction Documents unless approved by the Debenture Trustee and/or Majority Debenture Holders.

More Definitions of Majority Debenture Holders

Majority Debenture Holders means Debenture Holder(s) holding an aggregate amount representing not less than 51% (Fifty One Percent) of the value of the nominal amount of the Debentures for the time being outstanding;

Majority Debenture Holders means the Debenture Holder(s) holding an aggregate amount representing not less than 51% (Fifty One Percent) of the outstanding value of the Debentures under this Deed at such time. It is however clarified that if a resolution is required to be passed in relation to a matter concerning a particular Tranche/series only, then the term “Majority Debenture Holder(s)” shall mean the Debenture Holder(s) of that Tranche/series holding an aggregate amount representing not less than 51% (Fifty One Percent) of the value of the nominal amount of the Debentures comprised in that Tranche for the time being outstanding;

Majority Debenture Holders shall, with respect to a particular series / tranche of Debentures mean, the Debenture Holders of an amount representing not less than three-fourth in value of the nominal amount then outstanding of such series / tranche of Debentures;

Majority Debenture Holders means Debenture Holder(s) holding an aggregate amount representing not less than 75% (Seventy Five Percent) of the value of the nominal amount of the Debentures for the time being outstanding;

Majority Debenture Holders means Debenture Holders holding 75% of the outstanding Debentures on any particular date.

Majority Debenture Holders means such number of Debenture Holders collectively holding more than 50% (fifty percent) of the value of the Outstanding Principal Amounts of the Debentures.

Majority Debenture Holders means, subject to the Coordination Agreement, the Debenture Holders holding an aggregate amount representing not less than 51% (fifty onepercent) or such other higher percentage as required under Law, of the value of the aggregate principal amount of all Debentures outstanding from time to time and for items specifically mentioned to be governed as such in the Coordination Agreement, subject to Applicable Laws (including SEBI Regulations), Group Issuers Majority Debenture Holders.