Common use of Majority of Holders Clause in Contracts

Majority of Holders. Whenever an action or determination under this Agreement requires the consent or approval of the Holders of a majority of the aggregate principal amount of the applicable Registrable Securities, in determining such majority, (i) any Registrable Securities owned directly or indirectly by the Company or any of its affiliates shall not be counted and (ii) if the Company shall issue any additional Securities under the Indenture prior to consummation of the Exchange Offer or, if applicable, the effectiveness of any Shelf Registration Statement, such additional Securities and the Registrable Securities to which this Agreement relates shall be treated together as one class.