Common use of Proof of Execution of Instruments and of Holding of Debt Securities Clause in Contracts

Proof of Execution of Instruments and of Holding of Debt Securities. Subject to Sections 6.01 and 6.02, the execution of any instrument by a Debt Securityholder or his agent or proxy may be proved in accordance with such reasonable rules and regulations as may be prescribed by the Trustee or in such manner as shall be satisfactory to the Trustee. The holding of Debt Securities shall be proved by the Debt Security register or by a certificate of the registrar thereof. Unless the Issuer determines otherwise, the record date for purposes of determining the identity of Debt Securityholders of any series entitled to consent to any action referred to in Section 7.01 shall be 30 days prior to the first solicitation of such consent. After such record date, notwithstanding any other provisions hereof, with respect to Debt Securities of any series, only Debt Securityholders of Debt Securities of such series of record on such record date shall be entitled to so give such consent or revoke such consent.

Appears in 2 contracts

Sources: Trust Indenture (Financial Security Assurance Holdings LTD/Ny/), Subordinated Indenture (Financial Security Assurance Holdings LTD/Ny/)