Common use of 2Amendments Clause in Contracts

2Amendments. Except with respect to any changes that do not materially and adversely affect the rights of the Holders (in which case no consent of the Holders will be required), this Guarantee may not be amended without the prior approval of the Holders of not less than a Majority in Liquidation Amount of the Securities. The provisions of Section 12.2 of the Declaration of Trust with respect to meetings of, and action by written consent of, the Holders of the Securities apply to the giving of such approval.

Appears in 2 contracts

Sources: Guarantee Agreement (Sce Trust Viii), Guarantee Agreement (Sce Trust Vii)

2Amendments. Except with respect to any changes that do not materially and adversely affect the rights of the Holders (in which case no consent of the Holders will be required), this Capital Securities Guarantee may not only be amended without with the prior approval of the Holders of not less than at least a Majority in Liquidation Amount 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 the outstanding Capital Securities. The provisions of Section 12.2 of the Declaration of Trust with respect to meetings of, and action by written consent of, the Holders of holders of the Securities apply to the giving of such approval.

Appears in 1 contract

Sources: Capital Securities Guarantee Agreement (Bank of America Corp /De/)