Majority of the Noteholders definition

Majority of the Noteholders means those holder(s) of Notes who hold a majority in aggregate principal amount of the Notes at the time outstanding, exclusive of any Notes held by the Company or any Subsidiary.

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Majority of the Noteholders means Noteholders of a majority of the aggregate principal amount of the Outstanding Notes (or all Noteholders of the aggregate principal amount of the Outstanding Series 2023-A Notes in the case of changes to the Insurance Policy), each by instruments filed with the Trustee and, solely with respect to the matters set forth in Section 6.11, subject to reasonable consultation with OIC, the Holders of Series 2024-A Notes, Holders of Last Out Notes, and Holders of Series 2025-A Notes, as applicable, pursuant to Section 6.11. Notwithstanding anything to the contrary herein, at all times, the Majority of the Noteholders shall require the Noteholders of a majority of the aggregate principal amount of the Outstanding Series 2023-A Notes.

Examples of Majority of the Noteholders in a sentence

In addition to the foregoing, a Majority of the Noteholders shall have the right from time to time to cause the independent petroleum engineer referenced below to prepare an additional report of the type described above, not to exceed one additional report in any one calendar year, in which event all fees and expenses incurred in connection with obtaining such additional report shall be paid by the Company.
Each such report shall be prepared in accordance with customary and generally accepted standards and practices for petroleum engineers, and shall be based on (1) prices determined by a Majority of the Noteholders, (2) lease operating expenses and production taxes derived from and consistent with those actually incurred by the Company, escalated at the same rate, if any, being applied to prices and (3) such other assumptions as shall be designated by a Majority of the Noteholders.
The Trustee may and shall, upon written direction of a Majority of the Noteholders, from time to time postpone any sale.
Employee further acknowledges that he has not transferred or stored any Company Property through a drop box or other icloud repository or similar medium.
No direction by a Majority of the Noteholders shall affect the right of the Trustee to collect amounts owed to it under this Indenture.
Except with respect to Defaulted Obligations, Withholding Tax Securities and Equity Securities, if an Event of Default has occurred and is continuing at the time of such direction, the Trustee, if so directed by a Majority of the Noteholders, shall disregard such direction.
Notwithstanding the foregoing, at any time that an Event of Default shall have occurred and be continuing, a Majority of the Noteholders shall have in lieu of the Issuer the Issuer’s rights to appoint a successor Trustee, such rights to be exercised by notice delivered to the Issuer and the retiring Trustee.
Seller and Buyer acknowledge that Seller's actual damages in the event of a default by Buyer under this Contract will be diff~cult to ascertain, that such liquidated damages represent the Seller's and Buyer's best estimate of such damages and that the Seller and Buyer believe such liquidated damages are a reasonable estimate of such damages.
Each report under this subsection shall be prepared by an independent petroleum engineer designated by the Company and approved by a Majority of the Noteholders.
The Investment Manager may not, directly or indirectly, assign all or any part of its rights and duties under this Agreement to any Person without the prior consent of the Company and, for so long as the Notes issued under the Indenture remain Outstanding, a Majority of the Noteholders.

More Definitions of Majority of the Noteholders

Majority of the Noteholders means at least a majority-in-interest of holders of the Notes (such majority determined on the basis of each Holder's proportionate share of the aggregate unpaid principal amount of all Notes then outstanding). Where action is taken by a Majority of the Noteholders, such action shall be binding on each holder of a Note, whether or not such holder has consented in writing to such action.

Majority of the Noteholders means, at any relevant time, the Noteholders of a majority of the principal amount of the Loan Notes that are at any relevant time outstanding;

Majority of the Noteholders means Noteholders of a majority (or all, in the case of changes to the Insurance Policy) of the principal amount of the Series 2023-A Notes Outstanding by instruments filed with the Trustee.

Majority of the Noteholders means Noteholders holding in excess of 50% of the aggregate principal amount of the then-outstanding Notes.

Majority of the Noteholders means Noteholders of a majority of the aggregate principal amount of the outstanding Notes (or all Noteholders of the aggregate principal amount of the outstanding Series 2023-A Notes in the case of changes to the Insurance Policy), each by instruments filed with the Trustee.

Majority of the Noteholders means those holder(s) of Amended Renewal Notes who hold 51% in aggregate principal amount of the Amended Renewal Notes at the time outstanding, exclusive of any Amended Renewal Notes held by Future or any Subsidiary.