Two-Thirds Majority Holders definition
Two-Thirds Majority Holders means Holders of at least 66 2/3% in outstanding aggregate principal amount of the Notes.
Two-Thirds Majority Holders means, as of any date of determination, the Holders holding shares of the Series A Preferred Stock with at least 66 2/3% of the voting power of all shares of the Series A Preferred Stock outstanding as of such date of determination. For the avoidance of doubt, pursuant to Section 4(b), no shares of Series A Preferred Stock Beneficially Owned or held, directly or indirectly, by the Sponsor (including the Company, any of its Subsidiaries and, notwithstanding anything to the contrary in the definition of “Sponsor”, any Portfolio Companies of the Sponsor) shall have any voting power or be included in the calculation of voting power for purposes of this definition and the Liquidation Preference of such shares shall be disregarded for the purposes of calculating voting power under this definition.
Two-Thirds Majority Holders means, as of any date of determination, the Holders holding shares of the Series A Preferred Stock with at least 66 2/3% of the voting power of all shares of the Series A Preferred Stock outstanding as of such date of determination. For the avoidance of doubt, pursuant to Section 4(b) , no shares of Series A Preferred Stock Beneficially Owned or held, directly or indirectly, by the Sponsor (including the Company, any of its Subsidiaries and, notwithstanding anything to the contrary in the definition of “Sponsor”, any Portfolio Companies of the Sponsor) shall have any voting power or be included in the calculation of voting power for purposes of this definition and the Liquidation Preference of such shares shall be disregarded for the purposes of calculating voting power under this definition.
Examples of Two-Thirds Majority Holders in a sentence
In addition, the consent of the Two-Thirds Majority Holders shall be required to release (i) the Note Guarantee of any Subsidiary Guarantor from any of its obligations under such Note Guarantee or this Indenture or (ii) release any Collateral from the Liens securing the Notes for the benefit of the Holders of the Notes, in each case other than any such release in accordance with this Indenture and the Security Documents.