Common use of Actions by Noteholders Clause in Contracts

Actions by Noteholders. 30.1.1 Wherever in this Deed a provision is made that an action may be taken or a notice, demand or instruction given by an Noteholder of a Series, such action, notice or instruction may be taken or given by any Noteholder of such Series, unless such provision requires a specific aggregate percentage of the Principal Amount Outstanding of a Class in any Series. 30.1.2 Any request, demand, authorisation, direction, notice, consent, waiver or other act by an Noteholder of a Series shall bind each and every successor of such Noteholder.

Appears in 5 contracts

Sources: Security Trust Deed and MTN Cash Management Agreement (Barclaycard Funding PLC), Security Trust Deed and MTN Cash Management Agreement (Gracechurch Receivables Trustee LTD), Security Trust Deed and MTN Cash Management Agreement (Barclaycard Funding PLC)