Participating Bonds definition
Examples of Participating Bonds in a sentence
Except as otherwise expressly provided herein, this Consent shall not be amended, modified or supplemented, except in writing signed by all of the parties hereto, provided that a consent by Holders of not less than a majority of the aggregate principal amount of the Consent Participating Bonds shall constitute the consent of all parties hereto who are Holders.
Except as otherwise expressly provided herein, this Agreement shall not be amended, modified or supplemented, except in writing signed by all of the parties hereto, provided that a consent by Holders of not less than a majority of the aggregate principal amount of the Participating Bonds shall constitute the consent of all parties hereto who are Holders.
The effectiveness of this Consent, and the respective obligations of the parties hereto, are conditioned upon the execution of this Consent by the Issuer and Consenting Holders who, in the aggregate, beneficially own, or are the investment advisors or managers for the beneficial owners of (with the power and authority to vote and dispose of), (i) more than fifty percent (50%) of the Consent Participating Bonds and (ii) more than fifty percent (50%) of the outstanding principal amount of the Bonds.
Subject to the Borrower making a full and final indefeasible repayment of all obligations outstanding in respect of the Gold Participating Bonds on or before December 31, 2013, the Lender waives the requirements set out in Section 9.2 of the Third Credit Agreement Modification Agreement to deposit the Escrow Proceeds with the Borrower’s Counsel, in trust, as contemplated therein.