EXISTING SECOND LIEN NOTES INDENTURE Sample Clauses

EXISTING SECOND LIEN NOTES INDENTURE. We are proposing to amend a number of provisions of the Indenture and the Security Documents. To be effective under the Indenture, amendments to the Indenture or security documents under the Indenture which have the effect of releasing all or substantially all of the Collateral from the Liens securing the Notes must be consented to by the Holders of at least 66-2/3% in aggregate principal amount of the then outstanding Notes. Other amendments to the Indenture (subject to some exceptions) must generally be consented to by a majority of Holders of the aggregate principal amount of the then outstanding Notes. This section sets forth a brief description of the proposed amendments. Capitalized terms appearing below but not defined herein have the meanings assigned to such terms in the Indenture.