Majority in Liquidation Amount of the Trust Preferred Securities definition

Majority in Liquidation Amount of the Trust Preferred Securities means, except as provided by the Trust Indenture Act, a vote by Holder(s) of Trust Preferred Securities, voting separately as a class, of more than 50% of the aggregate liquidation amount (including the amount that would be paid on redemption, liquidation or otherwise, plus accumulated and unpaid Distributions to the date upon which the voting percentages are determined) of all Trust Preferred Securities.

Majority in Liquidation Amount of the Trust Preferred Securities means, except as provided by the Trust Indenture Act, Trust Preferred Securities representing more than 50% of the aggregate Liquidation Amount (as defined in the Trust Agreement) of all Trust Preferred Securities then Outstanding (as defined in the Trust Agreement).

Majority in Liquidation Amount of the Trust Preferred Securities means the Holders of more than 50% of the Liquidation Amount of all of the Trust Preferred Securities.

Examples of Majority in Liquidation Amount of the Trust Preferred Securities in a sentence

• The Holders of at least a Majority in Liquidation Amount of the Trust Preferred Securities may, by vote, on behalf of the Holders of all the Trust Preferred Securities, waive any past default or Event of Default and its consequences.

• Except with respect to any changes that do not adversely affect the rights of the Holders in any material respect (in which case no consent of the Holders will be required), this Guarantee Agreement may only be amended with the prior approval of the Holders of not less than a Majority in Liquidation Amount of the Trust Preferred Securities.

• Except with respect to any changes that do not materially adversely affect the rights of Holders (in which case no consent of Holders will be required), this Trust Preferred Securities Guarantee may only be amended with the prior approval of the Holders of at least a Majority in Liquidation Amount of the Trust Preferred Securities.

• The Holders of a Majority in Liquidation Amount of the Trust Preferred Securities may, by vote, on behalf of the Holders of all the Trust Preferred Securities, waive any past default or Event of Default and its consequences; provided that each Series of Trust Preferred Securities shall be entitled, in the case of any default or Event of Default that affects such Series differently from the other Series, to vote separately as a Series with respect thereto.

• Except with respect to any changes that do not materially adversely affect the rights of the Holders (in which case no consent of the Holders will be required), this Guarantee may not be amended without the prior approval of the Holders of at least a Majority in Liquidation Amount of the Trust Preferred Securities.

More Definitions of Majority in Liquidation Amount of the Trust Preferred Securities

Majority in Liquidation Amount of the Trust Preferred Securities means, except as provided by the Declaration or by the Trust Indenture Act, a vote by Holder(s) of more than 50% of the aggregate liquidation amount of all Trust Preferred Securities.

Majority in Liquidation Amount of the Trust Preferred Securities means, except as provided by the Declaration or by the Trust Indenture Act, more than 50% of the aggregate liquidation amount of all Trust Preferred Securities.

Majority in Liquidation Amount of the Trust Preferred Securities means, except as provided in the terms of the Trust Preferred Securities or by the Trust Indenture Act, Holder(s) of outstanding Trust Preferred Securities, voting together as a single class, who are the record owners of more than 50% of the aggregate liquidation amount of all outstanding Trust Preferred Securities. In determining whether the Holders of the requisite amount of Trust Preferred Securities have voted, Trust Preferred Securities that are owned by the Guarantor or any Affiliate of the Guarantor or any other obligor on the Trust Securities shall be disregarded for the purpose of any such determination.

Majority in Liquidation Amount of the Trust Preferred Securities has the meaning set forth in Section 1.1 of the Trust Agreement.

Majority in Liquidation Amount of the Trust Preferred Securities means, except as provided by the Declaration, the terms of the Preferred Securities or by the Trust Indenture Act, a vote by Holder(s) of more than 50% of the aggregate liquidation amount of all Trust Preferred Securities. In determining whether the Holders of the requisite amount of Trust Preferred Securities have voted, Trust Preferred Securities which are owned by the Guarantor or any Affiliate of the Guarantor or any other obligor on the Trust Preferred Securities shall be disregarded for the purpose of any such determination.

Majority in Liquidation Amount of the Trust Preferred Securities or "MAJORITY IN LIQUIDATION AMOUNT OF THE TRUST COMMON SECURITIES" means, except as provided by the Trust Indenture Act, Trust Preferred Securities or Trust Common Securities, as the case may be, representing more than 50% of the aggregate Liquidation Amount of all then Outstanding Trust Preferred Securities or Trust Common Securities, as the case may be.

Majority in Liquidation Amount of the Trust Preferred Securities means, except as provided in the terms of the Trust Preferred Securities or by the Trust Indenture Act, Holder(s) of outstanding Trust Preferred Securities, voting together as a single class, of more than 50% of the aggregate liquidation amount of all outstanding Trust Preferred Securities. In determining whether the Holders of the requisite amount of Trust Preferred Securities have voted, Trust Preferred Securities that are owned by the Guarantor or any Affiliate of the Guarantor or any other obligor on the Trust Securities shall be disregarded for the purpose of any such determination; provided that in determining whether the Trust Guarantee Trustee is entitled to rely on any instructions received from a Majority in Liquidation Amount, only Trust Securities that it knows to be so owned shall be disregarded.