Examples of Required Note Holders in a sentence
The terms and provisions of this Note shall not be amended or waived except in a writing signed by the Company and the Required Note Holders.
Upon notice that Agent shall resign under this Note, Required Note Holders shall appoint from among Note Holders a successor agent for Note Holders.
Agent shall in all cases be fully protected in acting, or in refraining from acting, under this Note or any other Note Document in accordance with a request or consent of Required Note Holders (or all Note Holders if expressly required hereunder) and such request and any action taken or failure to act pursuant thereto shall be binding upon each Note Holder.
If no successor agent has accepted appointment as Agent by the date of a retiring Agent’s resignation, the retiring Agent’s resignation shall nevertheless thereupon become effective and Note Holders shall perform all of the duties of Agent hereunder until such time, if any, as the Required Note Holders appoint a successor agent as provided for above.
In lieu of the foregoing procedures, a Holder may, with the prior written consent of the Required Note Holders, assign a Note (in whole but not in part) to a new Holder by sending written notice to the Issuer of such assignment specifying the new Holder’s name and address; in such case, the Issuer shall promptly acknowledge such assignment in writing to both the old and new Holder.