Common use of Noteholder Meetings Clause in Contracts

Noteholder Meetings. The Notes contemplate meetings of Noteholders to consider matters affecting their interests. In such meetings, resolutions passed by defined majorities will bind all Noteholders, even if they have voted against those resolutions. Notional/Principal Increase: The Issuer may from time to time issue further notes which are fungible with the Notes as a result of which any voting control held by the Noteholders may be diluted. Notes subject to optional redemption: Notes may be redeemable at the Issuer’s option. The market value of such Notes will tend not to rise above the price at which they can be redeemed. Upon redemption, an investor may not be able to reinvest redemption proceeds at the same effective interest rate.