Noteholder Majority definition

Noteholder Majority means Noteholders holding more than 50% of the principal amount of all outstanding Notes.
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Noteholder Majority means a Noteholder or Noteholders holding more than 50% of the total principal amount of the Notes outstanding at the relevant time.
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Noteholder Majority means the holders for the time being of not less than 75% of the Aggregate Nominal Amount of the Notes then Outstanding;
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Examples of Noteholder Majority in a sentence

  • The Bondholder Designee shall act solely at the direction of the New Lender Noteholder Majority.

  • Each of the Collateral Agent, the Bondholder Designee and the New Lender Noteholder Majority shall be a third-party beneficiary to this Agreement and shall have the right to enforce the relevant provisions hereof directly to the extent such third-party may deem such enforcement necessary or advisable to protect the its rights.

  • The Noteholder Majority shall have the right to amend the provisions of all the Notes; provided, however, no such amendment shall be binding on the Holder if such amendment adversely changes the terms of payment to the Holder or reduces the rate of interest hereunder.

  • The Company may (by a deed expressed to be supplemental to this Deed) amend this Deed only if it is approved by a Noteholder Majority.

  • For purposes of this Note, the Noteholder Majority shall mean those holders of the Notes representing more than fifty percent (50%) of the outstanding balances then due under the Notes.

  • The Noteholder Majority shall have right to send one representative of each holder of a Note in their capacity as a noteholder, if such holder is not also a shareholder, to attend each general or special meeting of the shareholders of the Company in a nonvoting observer capacity, and the Company shall send to each such holder copies of all notices, minutes, consents and any other documents or information that the Company provides to its shareholders at the same time when it provides to its shareholders.

  • If no successor Indenture Trustee shall have been appointed and have accepted appointment within 60 days after such removal or the giving of such notice of resignation, the Indenture Trustee, the Issuer or the Noteholder Majority may petition any court of competent jurisdiction for the appointment of a successor Indenture Trustee.

  • The Company and each of the Noteholders, shall, at the request of the Company or the Noteholder Majority (as the case may be) and at their own expense, do all such acts and things necessary to give effect to the amendments effected or to be effected pursuant to this Deed.

  • The provisions of the Instrument and these Conditions may not be altered abrogated or added to save with the consent in writing of COGI and the consent in writing of a Noteholder Majority.

  • The Company fails in a material way to perform any material obligation under these Terms, and if the non-compliance can be remedied, does not remedy the non-compliance to the satisfaction of a Noteholder Majority (acting reasonably) within 15 Business Days of written notice by a Noteholder Majority to do so.


More Definitions of Noteholder Majority

Noteholder Majority means, as of any given time, the holders of at least a majority of the Ordinary Shares issued or issuable upon conversion of the Class B Ordinary Shares issued or issuable upon conversion of the Notes (excluding any that have been redeemed by the Company). “Notes” means the Senior Secured Convertible Promissory Note issued by the Company to the Note Purchasers pursuant to the Purchase Agreement. “Notice 106” means the Implementing Rules for Circular 75 issued by SAFE on May 31, 2007. “Ordinary Shares” means the Company’s Ordinary Shares, par value US$0.01 per share. “Ordinary Share Equivalents” means any security or obligation which is by its terms convertible into or exchangeable or exercisable for Ordinary Shares or other share capital of the Company, and any option, warrant or other subscription or purchase right with respect to Ordinary Shares or such other share capital, including without limitation, the Notes and Class B Ordinary Shares. “Permitted Liens” means (i) Liens for Taxes not yet due or payable or the validity of which are being contested, and (ii) Liens incurred in the ordinary course of business consistent with past practice, which (x) do not in the aggregate materially detract from the value or use of the assets that are subject to such Liens and (y) were not incurred in connection with the borrowing of money. “Person” means any natural person, corporation, limited liability company, joint stock company, joint venture, partnership, enterprise, trust, unincorporated organization or any other entity or organization.
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Noteholder Majority means, as of any given time, the holders of at least a majority of the Ordinary Shares issued or issuable upon conversion of the Class B Ordinary Shares issued or issuable upon conversion of the Notes (excluding any that have been redeemed by the Company).
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Noteholder Majority means the holders of more than two thirds (66 2/3%) of the aggregate principal amount of the Notes outstanding from time to time;
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Noteholder Majority shall have the meaning set forth in SECTION 5.1 of this Agreement.
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Related to Noteholder Majority

  • Super Majority has the meaning set forth in paragraph 5(b) of Annex I.

  • Investor Majority means [the holders of at least [ ] per cent of Series A Shares from time to time] [Note: amend as appropriate];

  • Super Majority Vote means, the affirmative vote of the holders of Outstanding Interests of all Series representing at least two thirds of the total votes that may be cast by all such Outstanding Interests, voting together as a single class.

  • Note Majority means a majority by principal amount of the Noteholders.

  • Super-Majority Banks means, at any time, Banks holding Loans representing at least 66-2/3% of the aggregate principal amount of the Loans outstanding, or if no Loans are outstanding, Banks having Commitments representing at least 66-2/3% of the Total Commitment.

  • Required Majority means a required majority, as defined in Section 57(o) of the Act.8

  • special majority means the majority of votes described in §11.2 which is required to pass a special resolution.

  • Super Majority Lenders means at any time a Lender or group of Lenders whose Commitments aggregate more than 80% of the Total Commitments (or, if the Total Commitments have been reduced to zero, aggregated more than 80% of the Total Commitments immediately prior to that reduction).

  • Majority in Interest of Noteholders means, as of a particular date of determination and subject to Section 2.16 of the Indenture, the holders of at least a majority in aggregate unpaid principal amount of all Equipment Notes outstanding as of such date (excluding any Equipment Notes held by the Company or any Affiliate thereof, it being understood that a Pass Through Trustee shall be considered an Affiliate of the Company as long as more than 50% in the aggregate face amount of Pass Through Certificates issued by the corresponding Pass Through Trust are held by the Company or an Affiliate of the Company or a Pass Through Trustee is otherwise under the control of the Company or such Affiliate of the Company (unless all Equipment Notes then outstanding are held by the Company or any Affiliate thereof, including the Pass Through Trustees which are considered Affiliates of the Company pursuant hereto)); provided that for the purposes of directing any action or casting any vote or giving any consent, waiver or instruction hereunder, any Noteholder of an Equipment Note or Equipment Notes may allocate, in such Noteholder’s sole discretion, any fractional portion of the principal amount of such Equipment Note or Equipment Notes in favor of or in opposition to any such action, vote, consent, waiver or instruction.

  • vote of a majority of the outstanding voting securities" shall mean the vote of the lesser of (a) 67 per centum or more of the shares of the Fund present or represented by proxy at the meeting if the holders of more than 50 per centum of the outstanding shares of the Fund are present or represented by proxy at the meeting, or (b) more than 50 per centum of the outstanding shares of the Fund.

  • Requisite Majority means, as at any particular time, Passenger Operators whose Vehicle departures from the Station, expressed as a percentage of Total Departures, as at the relevant date, together are at least equal to the percentage specified in paragraph 4 of Annex 8 (or such other percentage as the ORR may specify by notice to the Station Facility Owner and to each Passenger Operator as the new percentage which is to apply for these purposes following the entry into, variation, amendment or termination of an access contract permitting a passenger service operator to use the Station, a Change in Control of any Passenger Operator or any event which results in a material change to the proportion of the Total Departures made by trains operated by or on behalf of any Passenger Operator);

  • Requisite Noteholders Holders of Notes evidencing not less than a majority of the Outstanding Amount of the Controlling Class.

  • Majority Noteholders means the Holders of a majority by principal amount of the most senior then outstanding class of Notes.

  • Unit Majority means (i) during the Subordination Period, at least a majority of the Outstanding Common Units (excluding Common Units owned by the General Partner and its Affiliates), voting as a class, and at least a majority of the Outstanding Subordinated Units, voting as a class, and (ii) after the end of the Subordination Period, at least a majority of the Outstanding Common Units.

  • Majority Investors means, as of any date, the holders of a majority of the Investor Shares outstanding on such date.

  • absolute majority , of the Committee, means a majority of the committee members currently holding office and entitled to vote at the time (as distinct from a majority of committee members present at a committee meeting);

  • Majority Interest means Notes, Trust Certificates or Securities, as the case may be, evidencing a majority of the Outstanding Amount of the related Notes, Trust Certificates or Securities, except that, except as otherwise provided in the Basic Documents, Securities owned by the Issuing Entity, the Depositor, the Servicer (so long as NMAC or an Affiliate is the Servicer) or any of their respective Affiliates will not be included in such determination for the purpose of making requests, demands, authorizations, directions, notices, consents or other action under the Basic Documents.

  • Majority in Interest of Note Holders means as of a particular date of determination, the holders of a majority in aggregate unpaid Original Amount of all Equipment Notes outstanding as of such date (excluding any Equipment Notes held by Owner or any of its Affiliates (unless all Equipment Notes then outstanding shall be held by Owner or any Affiliate of Owner); provided that for the purposes of directing any action or casting any vote or giving any consent, waiver or instruction hereunder, any Note Holder of an Equipment Note or Equipment Notes may allocate, in such Note Holder’s sole discretion, any fractional portion of the principal amount of such Equipment Note or Equipment Notes in favor of or in opposition to any such action, vote, consent, waiver or instruction.

  • Majority Interests Vote means the vote, at a meeting of Holders, of (A) 67% or more of the Interests present or represented at such meeting, if Holders of more than 50% of all Interests are present or represented by proxy, or (B) more than 50% of all Interests, whichever is less.

  • Initial Noteholders shall have the meaning assigned to such term in the recitals.

  • Majority in liquidation amount of the Capital Securities means Holder(s) of outstanding Capital Securities, voting together as a class, but separately from the holders of Common Securities, of more than 50% of the aggregate liquidation amount (including the stated amount that would be paid on redemption, liquidation or otherwise, plus accrued and unpaid Distributions to the date upon which the voting percentages are determined) of all Capital Securities then outstanding.

  • Majority in Liquidation Amount of the Preferred Securities means a vote by the Holder(s), voting separately as a class, of more than fifty percent (50%) of the aggregate Liquidation Amount of all then outstanding Preferred Securities issued by the Issuer.

  • Majority Holders means the Holders of a majority of the aggregate principal amount of Securities registered under a Registration Statement.

  • Controlling Noteholder means as of any date of determination the holder or holders of a majority of the Lead Securitization Note. At any time the Lead Securitization Note is the Controlling Noteholder and is included in the Lead Securitization, references to the “Controlling Noteholder” herein shall mean the holders of the majority of the class of securities issued in the Lead Securitization designated as the “controlling class” (or such lesser amount as permitted under the terms of the Servicing Agreement) or such other class(es) otherwise assigned the rights to exercise the rights of the “Controlling Noteholder” hereunder, as and to the extent provided in the Servicing Agreement.

  • Majority Trustee Vote means the vote of a majority of the Trustees;

  • Requesting Noteholders shall have the meaning ascribed thereto in Section 12.01 of the Indenture.