Examples of Noteholder Representatives in a sentence
Any Noteholder Representative may resign at any time by delivering his or her resignation in writing to the Partnership and the other Noteholder Representatives.
If the Noteholder Representatives are unable to agree on a replacement within 45 days after any vacancy occurs or if, as a consequence of multiple vacancies occurring simultaneously, no Noteholder Representatives remain, then the Partnership shall promptly notify the Trustee of such vacancy.
Except as may be otherwise provided by law or by this Agreement, at any meeting of the Board of Partner Representatives a majority of the Partner Representatives then in office, including, however, at least one of the Noteholder Representatives shall constitute a quorum; a quorum shall not in any case be less than one-third of the total number of Partner Representatives constituting the whole Board of Partner Representatives.
No committee may be formed without the affirmative vote of the Noteholder Representatives.
The Partners agree that the Noteholders are third party beneficiaries to this Agreement and that the legal remedies of the Noteholders and the Noteholder Representatives may be inadequate in the event of a breach of, or other failure to perform, any covenants or obligations in this Agreement; therefore, in addition to obtaining any other remedy or relief available to them, the Noteholders and Noteholder Representatives may obtain specific enforcement of this Agreement and other equitable remedies.
The Reorganized Debtors shall continue to pay when due and payable in the ordinary course, reasonable, and documented fees and expenses of the Senior Noteholder Representatives and the First Lien Lender Representatives, including the fees and expenses described in section 8(a)(v) and section 8(a)(vi) of the Restructuring Support Agreement, related to implementation, consummation, or defense of the Plan.
Notwithstanding the foregoing provisions of this Section 7.11, a special vote of the Noteholder Representatives under Section 7.11.1 or 7.11.2 shall not be required to any action approved by the Mortgage Noteholders and the PIK Noteholders pursuant, respectively, to a meeting duly called under the Mortgage Note Indenture and the PIK Indenture and otherwise in accordance with the terms and provisions of such Indentures.
If there is any vacancy in the position of Noteholder Representative or Alternate Noteholder Representative, such vacancy shall be filled by the agreement of any two of the remaining Noteholder Representatives or by the sole remaining Noteholder Representative if only one Noteholder Representative remains in office.
Each Partner shall take whatever action is deemed necessary or desirable by the Noteholder Representatives or the Trustee upon instruction of the Noteholders, as the case may be, to ensure that the Alternate Noteholder Representative or other Person so appointed as a Noteholder Representative shall be appointed to the Board of Partner Representatives.
The Board of Partner Representatives shall be constituted as provided in this Section 7.2, and each of the Partners shall take whatever action is deemed necessary or desirable by the Noteholder Representatives then in office to ensure that the Board of Partner Representatives is constituted from time to time in accordance with the provisions of this Section 7.2.