Common use of Noteholder Meetings Clause in Contracts

Noteholder Meetings. Any meeting of the Noteholders shall be held in accordance with Article 15 of the Mortgage Indenture and Article 15 of the PIK Indenture. At any such meeting, the Mortgage Noteholders and the PIK Noteholders shall vote as a single class by principal amount of the Notes then outstanding, and the vote of the holders of a majority of the principal amount of the Notes then outstanding shall be the act of the Noteholders.