Sole Noteholder Sample Clauses
The 'Sole Noteholder' clause defines the rights and responsibilities of a single entity or person who holds all of the notes issued under a particular agreement. In practice, this clause clarifies that all decisions, consents, or actions that would typically require the approval of multiple noteholders can be made unilaterally by the sole noteholder. For example, amendments to the agreement or waivers of certain provisions can be executed without the need for consultation with other parties. This clause streamlines decision-making and administration by consolidating authority, thereby reducing complexity and potential delays that could arise if multiple noteholders were involved.
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Sole Noteholder. The Note Registrar and the Indenture Trustee may deal with the Clearing Agency as the sole Noteholder of the Book-Entry Notes for all purposes of this Indenture and will not be obligated to the Note Owners, except as stated in Section 7.2.
Sole Noteholder. If and for so long as the Notes are held by a sole Noteholder and unless a Representative of the Masse has been appointed, such Noteholder shall exercise all the powers, rights and obligations entrusted to the Masse by the provisions of the French Commercial Code (Code de commerce). Such sole Noteholder shall hold a register of the decisions it will have taken in this capacity and shall make it available, upon request, to any subsequent holder of all or part of the Notes.