Examples of Reset Amendment in a sentence
In addition, any Reset Amendment (including any amendment to the Transaction Documents that would otherwise have required an Extraordinary Resolution of the relevant Class or Classes of Noteholders in accordance with Condition 14(b)(vii) (Extraordinary Resolution)) were it not made at the same time as a Refinancing of all Classes of Rated Notes in whole, may be approved by an Ordinary Resolution of the Subordinated Noteholders.
In addition, it should be noted that any modifications as may be made contemporaneously with an Optional Redemption in whole or in part by way of Refinancing, including any Reset Amendment, may, in each case, be passed by an Ordinary Resolution of the relevant Class(es) of Notes and will not require an Extraordinary Resolution (if consent is required pursuant to the Conditions).
However, in many societies today, two systems exist which can be delineated into traditional, representing the old and native ways of doing things, and the modern, representing either imported or more technically efficient ways of fostering development.
Upon the funding of the Term Loans on the Initial Borrowing Date and the Reset Amendment Closing Date as set forth in Section 2.1, as applicable, the amounts of the Total Term Commitment shall be reduced to zero.
The proposed Borrowing Date specified in each Notice of Borrowing shall be (i) in the case of the Term Loans, the Initial Borrowing Date or the Reset Amendment Closing Date and (ii) in the case of the Revolving Loans, a Business Day falling during the Commitment Period.