The Bondholders Sample Clauses

The "Bondholders" clause defines who the bondholders are in the context of a bond issuance and outlines their collective rights and powers under the agreement. Typically, this clause specifies how bondholders may act together, such as through meetings or by appointing a representative, and may set thresholds for collective decisions, like requiring a majority to approve amendments or enforcement actions. Its core practical function is to establish a clear framework for bondholder coordination and decision-making, ensuring that the interests of the group can be managed efficiently and disputes or actions can be taken collectively rather than individually.