Required Series Noteholders definition
Examples of Required Series Noteholders in a sentence
Notwithstanding anything to the contrary contained in the Base Indenture, so long as this Series Supplement shall be in effect in accordance with Section 11.9, no discharge of this Series Supplement pursuant to Section 10.1(b) of the Base Indenture shall be effective as to the Series 2010-3 Note without the consent of the HVF II Required Series Noteholders with respect to each HVF II Series of Group II Notes.
The Requisite Group II Investors (or, where such remedy relates only to one or more particular Series of Group II Notes, the Required Series Noteholders of any such Series of Group II Notes) may direct the time, method and place of conducting any proceeding for any remedy available to the Trustee on behalf of such Group II Noteholders or exercising any trust or power conferred on the Trustee.
If HVF II fails to perform any of its agreements or obligations under this Section 8.5(a), the Trustee shall, at the direction of the Required Series Noteholders of any Series of Group II Notes, itself perform such agreement or obligation, and the expenses of the Trustee incurred in connection therewith shall be payable by HVF II upon the Trustee’s demand therefor.
Notwithstanding anything to the contrary contained in the Base Indenture, so long as this Series Supplement shall be in effect in accordance with Section 11.9, no discharge of this Series Supplement pursuant to Section 11.1(b) of the Base Indenture shall be effective as to the Series 2013-G1 Note without the consent of the HVF II Required Series Noteholders with respect to each HVF II Series of Group I Notes.
The Requisite Group I Investors (or, where such remedy relates only to one or more particular Series of Group I Notes, the Required Series Noteholders of any such Series of Group I Notes) may direct the time, method and place of conducting any proceeding for any remedy available to the Trustee on behalf of such Group I Noteholders or exercising any trust or power conferred on the Trustee.
If HVF II fails to perform any of its agreements or obligations under this Section 8.5(a), the Trustee shall, at the direction of the Required Series Noteholders of any Series of Group I Notes, itself perform such agreement or obligation, and the expenses of the Trustee incurred in connection therewith shall be payable by HVF II upon the Trustee’s demand therefor.
With respect to any existing Potential Amortization Event or Amortization Event described in clauses (e), (f), (g), (j), (k), (l) or (o) of Section 9.1 (Amortization Events) of this Base Indenture, any such Potential Amortization Event or Amortization Event (and, in any such case, any consequences thereof) with respect to such Series of Notes may be waived by the Required Series Noteholders of such Series of Notes.
Upon the occurrence of any Amortization Event under clause (o) above, the Trustee shall act in accordance with the instructions of the Required Series Noteholders.
If HVF III fails to perform any of its agreements or obligations under this Section 8.11(a) (Further Assurances), the Trustee shall, at the direction of a Required Series Noteholders of any Series of Notes, itself perform such agreement or obligation, and the expenses of the Trustee incurred in connection therewith shall be payable by HVF III upon the Trustee’s demand therefor.
The Forbearing Noteholders constitute both the Series 2013-A Required Noteholders and the Required Controlling Class Series 2013-A Noteholders (and therefore, the Required Series Noteholders with respect to the Series 2013-A Notes).