Common use of Noteholder Meetings Clause in Contracts

Noteholder Meetings. The Notes contemplate meetings of Noteholders to consider matters affecting their interests. In such meetings, resolutions passed by defined majorities will bind all Noteholders, even if they have voted against those resolutions. Notes subject to optional redemption: Notes may be redeemable at the Issuer’s option. The market value of such Notes will tend not to rise above the price at which they can be redeemed. Upon redemption, an investor may not be able to reinvest redemption proceeds at the same effective interest rate.