Common use of Voting by Noteholders Clause in Contracts

Voting by Noteholders. (a) The Voting Rights shall be allocated among the respective Classes of Notes according to the ratio of the Outstanding Class Principal Balance of each Class of Notes to the Outstanding Class Principal Balance of all Classes of Notes. Voting Rights allocated to a Class of Notes shall be allocated among the Notes of such Class in proportion to the Percentage Interest in such Class evidenced thereby. Notes held by the Issuer or any of its Affiliates shall be deemed not to be Outstanding in determining Voting Rights. (b) Except as otherwise provided herein or in any Indenture Supplement, all resolutions of Noteholders shall be passed by votes representing more than 50% of the Voting Rights of Notes. Book-Entry Notes shall be voted by the Depositary on behalf of the Beneficial Owners thereof in accordance with written instructions received in accordance with applicable DTC procedures.

Appears in 2 contracts

Sources: Base Indenture (Cogent Communications Holdings, Inc.), Base Indenture (Shenandoah Telecommunications Co/Va/)

Voting by Noteholders. (a) The 100% of the Voting Rights shall will be allocated among the respective Classes of Notes according to the ratio of the Outstanding Class Principal Balance of each Class of Notes to the Outstanding Class Principal Balance of all Classes of Notes. Voting Rights allocated to a Class of Notes shall will be allocated among the Notes of such Class in proportion to the Percentage Interest in such Class evidenced thereby. Notes held by the Issuer or any of its their Affiliates shall be deemed not to be Outstanding in determining Voting Rights. (b) Except as otherwise provided herein in the Indenture or in any Indenture Supplement, all resolutions of Noteholders shall be passed by votes representing more than 50% of the Voting Rights of Notes. Book-Entry Notes shall be voted by the Depositary on behalf of the Beneficial Owners thereof in accordance with written instructions received in accordance with applicable DTC procedures.

Appears in 1 contract

Sources: Indenture (American Tower Corp /Ma/)

Voting by Noteholders. (a) The 100% of the Voting Rights shall will be allocated among the respective Classes of Notes according to the ratio of the Outstanding Class Principal Balance of each Class of Notes to the Outstanding Class Principal Balance of all Classes of Notes. Voting Rights allocated to a Class of Notes shall will be allocated among the Notes of such Class in proportion to the Percentage Interest in such Class evidenced thereby. Notes held by the Issuer or any of its Affiliates shall be deemed not to be Outstanding in determining Voting Rights. (b) Except as otherwise provided herein or in any Indenture Supplement, all resolutions of Noteholders shall be passed by votes representing more than 50% of the Voting Rights of Notes. Book-Entry Notes shall be voted by the Depositary on behalf of the Beneficial Owners thereof in accordance with written instructions received in accordance with applicable DTC procedures.

Appears in 1 contract

Sources: Indenture (American Tower Corp /Ma/)

Voting by Noteholders. (a) The 100% of the Voting Rights shall will be allocated among the respective Classes of Notes according to the ratio of the Outstanding Class Principal Balance of each Class of Notes to the Outstanding Class Principal Balance of all Classes of Notes. Voting Rights allocated to a Class of Notes shall will be allocated among the Notes of such Class in proportion to the Note Class Percentage Interest in such Class evidenced thereby. Notes held by the Issuer Issuers or any of its their Affiliates shall be deemed not to be Outstanding in determining Voting Rights. (b) Except as otherwise provided herein or in any Indenture Supplement, all resolutions of Noteholders shall be passed by votes representing more than 50% of the Voting Rights of Notes. Book-Entry Notes shall be voted by the Depositary on behalf of the Beneficial Owners thereof in accordance with written instructions received in accordance with applicable DTC procedures.

Appears in 1 contract

Sources: Indenture (Crown Castle International Corp)