Common use of Voting by Noteholders Clause in Contracts

Voting by Noteholders. (a) The Voting Rights will be allocated among the respective Classes of Notes Outstanding according to the ratio of the Class Principal Balance of each Class of Notes Outstanding to the Class Principal Balance of all Classes of Notes Outstanding. Voting Rights allocated to a Class of Notes 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; provided that the foregoing restriction will not apply to Voting Rights attributable to any Class of Notes that is 100% owned by Affiliates of the Issuer to the extent that such Class is adversely affected by a vote. (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.

Voting by Noteholders. (a) The Voting Rights will be allocated among the respective Classes of Notes Outstanding according to the ratio of the Class Principal Balance of each Class of Notes Outstanding to the Class Principal Balance of all Classes of Notes OutstandingNotes. Voting Rights allocated to a Class of Notes 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; provided that the foregoing restriction will not apply to Voting Rights attributable to any Class of Notes that is 100% owned by Affiliates of the Issuer to the extent that such Class is adversely affected by a vote. (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.

Voting by Noteholders. (a) The Voting Rights will shall be allocated among the respective Classes of Notes Outstanding according to the ratio of the Outstanding Class Principal Balance of each Class of Notes Outstanding to the Outstanding Class Principal Balance of all Classes of Notes; provided, that Variable Funding Notes Outstandingshall be deemed to be fully drawn for all voting purposes under this Base Indenture. Voting Rights allocated to a Class of Notes will 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; provided that the foregoing restriction will not apply to Voting Rights attributable to any Class of Notes that is 100% owned by Affiliates of the Issuer to the extent that such Class is adversely affected by a vote. (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.