Purposes for Which Noteholders’ Meetings May Be Called Clause Samples
This clause defines the specific reasons or matters for which meetings of noteholders can be convened. Typically, it outlines the types of decisions or issues—such as amendments to note terms, waivers of certain rights, or approval of actions affecting the notes—that require collective input from noteholders. By clearly stating the permissible purposes for calling such meetings, the clause ensures that meetings are only held for significant or relevant matters, thereby preventing unnecessary gatherings and maintaining procedural efficiency.
Purposes for Which Noteholders’ Meetings May Be Called. A meeting of Noteholders may be called at any time and from time to time pursuant to this Article X for any of the following purposes:
(a) to give any notice to the Issuer or to the Trustee, or to give any directions to the Trustee, or to waive or to consent to the waiving of any default hereunder and its consequences, or to take any other action authorized to be taken by Noteholders pursuant to Article VII;
(b) to remove the Trustee and appoint a successor Trustee pursuant to Article VIII;
(c) to consent to the execution of an indenture or indentures supplemental hereto pursuant to Section 11.1; or
(d) to take any other action authorized to be taken by or on behalf of the holders of any specified aggregate principal amount of the Notes under any other provision of this Indenture or under applicable law.
Purposes for Which Noteholders’ Meetings May Be Called. A meeting of Noteholders may be called at any time and from time to time pursuant to this Article Nine for any of the following purposes:
A. to give any notice to the Trustee or the Corporation, or to give any directions to the Trustee, or to consent to the waiving of any default hereunder and its consequences, or to take any other action authorized to be taken by Noteholders pursuant to Article Six hereof;
B. to remove the Trustee and appoint a successor trustee pursuant to Article Seven hereof;
C. to consent to the execution of any Supplemental Indenture pursuant to Article Eight hereof; or
D. to take any other action authorized to be taken by or on behalf of the Holders of any specified aggregate Principal Amount of the Notes under any other provision of this Indenture or under applicable law.
Purposes for Which Noteholders’ Meetings May Be Called. 56 Section 8.02. Trustee, Issuer and Noteholders May Call Meeting 56 Section 8.03. Persons Entitled to Vote at Meeting 57 Section 8.04. Determination of Voting Rights; Conduct and Adjournment of Meeting 57
Purposes for Which Noteholders’ Meetings May Be Called. 71 ------------------------------------------------------
Purposes for Which Noteholders’ Meetings May Be Called. A meeting of Noteholders may be called at any time and from time to time pursuant to this Article 8 for any of the following purposes:
(a) to give any notice to the Issuer or to the Trustee, or to give any directions to the Trustee, or to waive or to consent to the waiving of any default hereunder and its consequences, or to take any other action authorized to be taken by Noteholders pursuant to Article 8;
(b) to remove the Trustee and appoint a successor Trustee pursuant to Article 6;
(c) to consent to the execution of an indenture or indentures supplemental hereto pursuant to Section 9.01; or
(d) to take any other action authorized to be taken by or on behalf of the Noteholders of any specified aggregate principal amount of the Notes under any other provision of this Indenture or under applicable law.