Common use of Revocation of Consents; Future Holders Bound Clause in Contracts

Revocation of Consents; Future Holders Bound. (a) At any time prior to but not after, the evidencing to the Trustee, as provided in Section 9.01, of the taking of any action by the Holders of the percentage in aggregate principal amount at Stated Maturity of the Securities of any or all series, as the case may be, specified in this Indenture in connection with such action, any Holder of a Security the number, letter or other distinguishing symbol of which is shown by the evidence to be included in the Securities the Holders of which have consented to such action may, by filing written notice with the Trustee at the Principal Office of the Trustee and upon proof of holding as provided in Section 9.02, revoke such action so far as concerns such Holder and all future Holders and owners of such Security and any Securities which may be issued in exchange or substitution therefor, irrespective of whether or not any notation in regard thereto is made upon such Security or such other Security issued in exchange or substitution therefor. (b) Any request, demand, authorization, direction, notice, consent, waiver or other action by the Holder of any Security shall bind every future Holder of the same Security and the Holder of every Security issued upon the registration of transfer thereof or in exchange therefor or in lieu thereof, in respect of any action taken, suffered or omitted by the Trustee or the Company in reliance thereon, whether or not notation of such action is made upon such Security.

Appears in 4 contracts

Sources: Indenture (Betzdearborn Inc), Indenture (Lyondell Chemical Co), Indenture (Atlantic Richfield Co /De)

Revocation of Consents; Future Holders Bound. (a) At any time prior to (but not after, ) the evidencing to the Trustee, as provided in Section 9.01, of the taking of any action by the Holders of the percentage in aggregate principal amount at Stated Maturity of the Debt Securities of any or all series, as the case may be, series specified in this Indenture in connection with such action, any Holder of a Debt Security the number, letter or other distinguishing symbol of which is shown by the evidence to be included in the Debt Securities the Holders of which have consented to or are bound by consents to such action action, may, by filing written notice with the Trustee at the Principal Corporate Trust Office of the Trustee and upon proof of holding as provided in Section 9.02, revoke such action so far as concerns such Debt Security. Except as aforesaid any such action taken by the Holder of any Debt Security shall be conclusive and binding upon such Holder and upon all future Holders and owners of such Debt Security and of any Securities which may be Debt Security issued on transfer thereof or in exchange or substitution therefor, irrespective of whether or not any notation in regard thereto is made upon any such Security or such other Security issued in exchange or substitution therefor. (b) Debt Security. Any request, demand, authorization, direction, notice, consent, waiver or other action taken by the Holder of any Security shall bind every future Holder Holders of the same Security percentage in aggregate principal amount of the Debt Securities specified in this Indenture in connection with such action shall be conclusively binding upon the Company, the Trustee and the Holder Holders of every Security issued upon all of the registration of transfer thereof or in exchange therefor or in lieu thereof, in respect of any action taken, suffered or omitted Debt Securities affected by the Trustee or the Company in reliance thereon, whether or not notation of such action is made upon such Securityaction.

Appears in 3 contracts

Sources: Indenture (Hennessy Advisors Inc), Indenture (Perma-Pipe International Holdings, Inc.), Indenture (Perma-Pipe International Holdings, Inc.)

Revocation of Consents; Future Holders Bound. (a) At any time prior to (but not after, ) the evidencing to the Trustee, as provided in Section 9.017.01, of the taking of any action by the Holders holders of the percentage in aggregate principal amount at Stated Maturity of the Securities of any or all series, as the case may be, Debentures specified in this Indenture in connection with such action, any Holder holder of a Security Debenture (or any Debenture issued in whole or in part in exchange or substitution therefor), subject to Section 7.01, the number, letter or other distinguishing symbol serial number of which is shown by the evidence to be included in the Securities group of Debentures the Holders holders of which have consented to such action action, may, by filing written notice with the Trustee at the Principal its Corporate Trust Office of the Trustee and upon proof of holding as provided in Section 9.027.02, revoke such action so far as concerns such Holder Debenture (or so far as concerns the principal amount represented by any exchanged or substituted Debenture). Except as aforesaid, any such action taken by the holder of any Debenture shall be conclusive and binding upon such holder and upon all future Holders holders and owners of such Security Debenture, and of any Securities which may be Debenture issued in exchange or substitution therefor, irrespective of whether or not any notation in regard thereto is made upon such Security Debenture or such other Security any Debenture issued in exchange or substitution therefor. (b) Any request, demand, authorization, direction, notice, consent, waiver or other action by the Holder of any Security shall bind every future Holder of the same Security and the Holder of every Security issued upon the registration of transfer thereof or in exchange therefor or in lieu thereof, in respect of any action taken, suffered or omitted by the Trustee or the Company in reliance thereon, whether or not notation of such action is made upon such Security.

Appears in 3 contracts

Sources: Indenture (New York Community Bancorp Inc), Indenture (Commerce Bancorp Inc /Nj/), Indenture (New York Community Bancorp Inc)

Revocation of Consents; Future Holders Bound. (a) At any time prior to (but not after, ) the evidencing to the Trustee, as provided in Section 9.018.01, of the taking of any action by the Holders of the percentage in aggregate principal amount at Stated Maturity of the Securities of any or all series, as the case may be, series of Securities specified in this Indenture in connection with such action, any Holder of a Security the number, letter or other distinguishing symbol of which is shown by the evidence to be included in the Securities the Holders of which have consented to or are bound by consents to such action action, may, by filing written notice with the Trustee at the Principal Office of the Trustee its principal office and upon proof of holding as provided in Section 9.028.02, revoke such action so far as concerns such Security. Except as aforesaid any such action taken by the Holder of any Security shall be conclusive and binding upon such Holder and upon all future Holders and owners of such Security and of any Securities which may be Security issued on transfer thereof or in exchange or substitution therefor, irrespective of whether or not any notation in regard thereto is made upon any such Security or such other Security issued in exchange or substitution therefor. (b) Security. Any request, demand, authorization, direction, notice, consent, waiver or other action taken by the Holder of any Security shall bind every future Holder Holders of the same Security percentage in aggregate principal amount of the Securities specified in this Indenture in connection with such action shall be conclusively binding upon the Company, the Trustee and the Holder Holders of every Security issued upon all of the registration of transfer thereof or in exchange therefor or in lieu thereof, in respect of any action taken, suffered or omitted Securities affected by the Trustee or the Company in reliance thereon, whether or not notation of such action is made upon such Securityaction.

Appears in 1 contract

Sources: Indenture (Cincinnati Financial Corp)

Revocation of Consents; Future Holders Bound. (a) At any time prior to but not after, the evidencing to the Trustee, as provided in Section 9.01, of the taking of any action by the Holders of the percentage in aggregate principal amount at Stated Maturity of the Securities of any or all series, as the case may be, specified in this Indenture in connection with such action, any Holder of a Security the number, letter or other distinguishing symbol of which is shown by the evidence to be included in the Securities the Holders of which have consented to such action may, by filing written notice with the Trustee at the Principal Office of the Trustee and upon proof of holding as provided in Section 9.02, revoke such action so far as concerns such Holder and all future Holders and owners of such Security and any Securities which may be issued in exchange or substitution therefor, irrespective of whether or not any notation in regard thereto is made upon such Security or such other Security issued in exchange or substitution therefor. (b) Any request, demand, authorization, direction, notice, consent, waiver or other action by the Holder of any Security shall bind every future Holder of the same Security and the Holder of every Security issued upon the registration of transfer thereof or in exchange therefor or in lieu thereof, in respect of any action taken, suffered or omitted by the Trustee or the Company in reliance thereon, whether or not notation of such action is made upon such Security.. ARTICLE TEN

Appears in 1 contract

Sources: Indenture (Lyondell Petrochemical Co)