ACTS OF TRANSITION BONDHOLDERS Clause Samples

The "Acts of Transition Bondholders" clause defines the procedures and requirements for actions taken collectively by holders of transition bonds under the agreement. It typically outlines how bondholders can exercise their rights, such as voting on amendments, waivers, or enforcement actions, often specifying thresholds for approval or the process for calling meetings. This clause ensures that decisions affecting the bondholders are made in an organized and representative manner, thereby facilitating efficient collective action and preventing individual bondholders from acting unilaterally to the detriment of the group.
ACTS OF TRANSITION BONDHOLDERS. (a) Any request, demand, authorization, direction, notice, consent, waiver or other action provided by this Indenture to be given or taken by Transition Bondholders may be embodied in and evidenced by one or more instruments of substantially similar tenor signed by such Transition Bondholders in person or by agents duly appointed in writing; and except as herein otherwise expressly provided such action shall become effective when such instrument or instruments are delivered to the Bond Trustee, and, where it is hereby expressly required, to the Issuer. Such instrument or instruments (and the action embodied therein and evidenced thereby) are herein sometimes referred to as the "Act" of the Transition Bondholders signing such instrument or instruments. Proof of execution of any such instrument or of a writing appointing any such agent shall be sufficient for any purpose of this Indenture and (subject to Section 6.01) conclusive in favor of the Bond Trustee and the Issuer, if made in the manner provided in this Section. (b) The fact and date of the execution by any person of any such instrument or writing may be proved in any manner that the Bond Trustee deems sufficient. (c) The ownership of Transition Bonds shall be proved by the Transition Bond Register. (d) Any request, demand, authorization, direction, notice, consent, waiver or other action by the Holder of any Transition Bonds shall bind the Holder of every Transition Bond issued upon the registration thereof or in exchange therefor or in lieu thereof, in respect of anything done, omitted or suffered to be done by the Bond Trustee or the Issuer in reliance thereon, whether or not notation of such action is made upon such Transition Bond.
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ACTS OF TRANSITION BONDHOLDERS. 68 SECTION 11.04.
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ACTS OF TRANSITION BONDHOLDERS. 63 Section 11.04. NOTICES, ETC., TO TRUSTEE, ISSUER AND RATING AGENCIES....
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ACTS OF TRANSITION BONDHOLDERS. 75 SECTION 11.04 Notices, etc., to Trustee, Issuer and Rating Agencies . . . . . . . . . . 75 SECTION 11.05 Notices to Transition Bondholders; Waiver . . . . . . . . . . . . . . . . . 76 SECTION 11.06 Alternate Payment and Notice Provisions . . . . . . . . . . . . . . . 77 SECTION 11.07 Conflict with Trust Indenture Act . . . . . 77 SECTION 11.08 Effect of Headings and Table of Contents . . . . . . . . . . . . . . . . 77 SECTION 11.09 Successors and Assigns . . . . . . . . . . 77 SECTION 11.10 Separability . . . . . . . . . . . . . . . 78 SECTION 11.11
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Related to ACTS OF TRANSITION BONDHOLDERS

  • Limitation of Transactions Subordination 16 SECTION 6.1

  • Identity of Transfer Agent Forthwith upon the appointment of any Transfer Agent for the Shares or of any subsequent Transfer Agent for Shares issuable upon the exercise of the rights of purchase represented by the Warrants, the Company will file with the Warrant Agent a statement setting forth the name and address of such Transfer Agent.

  • Effect of Transfer Certificate A Transfer Certificate takes effect in accordance with English law as follows: (a) to the extent specified in the Transfer Certificate, all rights and interests (present, future or contingent) which the Transferor Lender has under or by virtue of the Finance Documents are assigned to the Transferee Lender absolutely, free of any defects in the Transferor Lender’s title and of any rights or equities which the Borrower or any Security Party had against the Transferor Lender; (b) the Transferor Lender’s Commitment is discharged to the extent specified in the Transfer Certificate; (c) the Transferee Lender becomes a Lender with the Contribution previously held by the Transferor Lender and a Commitment of an amount specified in the Transfer Certificate; (d) the Transferee Lender becomes bound by all the provisions of the Finance Documents which are applicable to the Lenders generally, including those about pro-rata sharing and the exclusion of liability on the part of, and the indemnification of, the Agent and the Security Trustee and, to the extent that the Transferee Lender becomes bound by those provisions (other than those relating to exclusion of liability), the Transferor Lender ceases to be bound by them; (e) any part of the Loan which the Transferee Lender advances after the Transfer Certificate’s effective date ranks in point of priority and security in the same way as it would have ranked had it been advanced by the transferor, assuming that any defects in the transferor’s title and any rights or equities of the Borrower or any Security Party against the Transferor Lender had not existed; (f) the Transferee Lender becomes entitled to all the rights under the Finance Documents which are applicable to the Lenders generally, including but not limited to those relating to the Majority Lenders and those under Clause 5.7 and Clause 20, and to the extent that the Transferee Lender becomes entitled to such rights, the Transferor Lender ceases to be entitled to them; and (g) in respect of any breach of a warranty, undertaking, condition or other provision of a Finance Document or any misrepresentation made in or in connection with a Finance Document, the Transferee Lender shall be entitled to recover damages by reference to the loss incurred by it as a result of the breach or misrepresentation, irrespective of whether the original Lender would have incurred a loss of that kind or amount. The rights and equities of the Borrower or any Security Party referred to above include, but are not limited to, any right of set off and any other kind of cross-claim.

  • As Of Transactions For purposes of this Article M, the term “

  • Rights of Transferees Subject to Section 7, the rights granted to the Holder hereunder of this Warrant shall pass to and inure to the benefit of all subsequent transferees of all or any portion of this Warrant (provided that the Holder and any transferee shall hold such rights in proportion to their respective ownership of this Warrant and Warrant Shares) until extinguished pursuant to the terms hereof.