Majority in Principal Amount of the Notes definition

Majority in Principal Amount of the Notes means a vote by the Note Holder(s), voting separately as a class, of more than fifty percent (50%) of the aggregate principal amount of all then outstanding Notes.
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Examples of Majority in Principal Amount of the Notes in a sentence

  • Except in connection with a consolidation, merger or sale involving the Parent Guarantor that is permitted under Article VIII hereof and Article VIII of the Indenture, and pursuant to which the successor or assignee agrees in writing to perform the Parent Guarantor’s obligations hereunder, the Parent Guarantor shall not assign its rights or delegate its obligations hereunder without the prior approval of the Holders of a Majority in Principal Amount of the Notes.

  • Except with respect to any changes that do not adversely affect the rights of the Holders in any material respect (in which case no consent of the Holders will be required), this Parent Guarantee Agreement may only be amended with the prior approval of the Parent Guarantor, the Guarantee Trustee and the Holders of not less than a Majority in Principal Amount of the Notes.

  • The Holders of a Majority in Principal Amount of the Notes may waive any past Event of Default and its consequences.

Related to Majority in Principal Amount of the Notes

  • Majority in liquidation amount of the Capital Securities means Holder(s) of outstanding Capital Securities, voting together as a class, but separately from the holders of Common Securities, of more than 50% of the aggregate liquidation amount (including the stated amount that would be paid on redemption, liquidation or otherwise, plus accrued and unpaid Distributions to the date upon which the voting percentages are determined) of all Capital Securities then outstanding.

  • Outstanding Principal Amount means, in respect of a Covered Bond, its principal amount less, in respect of any Instalment Covered Bond, any principal amount on which interest shall have ceased to accrue in accordance with Condition 5.06 or otherwise as indicated in the Final Terms.

  • Majority in Liquidation Amount of the Preferred Securities means a vote by the Holder(s), voting separately as a class, of more than fifty percent (50%) of the aggregate Liquidation Amount of all then outstanding Preferred Securities issued by the Issuer.

  • Principal Amount means $100 per Note.

  • Outstanding Dollar Principal Amount has the meaning specified in the Indenture.