Direction definition
Examples of Direction in a sentence
In addition, each Directing Holder must, at the time of providing a Noteholder Direction, covenant to provide the Issuers with such other information as the Issuers may reasonably request from time to time in order to verify the accuracy of such Directing Holder’s Position Representation within five Business Days of request therefor (a “Verification Covenant”).
The Trustee shall have no liability or responsibility to the Company, any holder or any other Person in connection with any Noteholder Direction.
Once such written evidence has been provided to the Trustee, the Trustee shall take no further action pursuant to the related Noteholder Direction until it has actual knowledge of a Court Determination.
In no event shall the Trustee be obligated to ascertain, calculate, monitor, or otherwise make any determination as to whether any holder is Net Short, nor shall it have any liability to the Issuers, any holder or any other person in acting in good faith on a Noteholder Direction or to determine whether any Net Short holder has delivered a Position Representation.
With respect to any meeting of stockholders, a Class B Supermajority Direction must be received by the Proxyholder no later than 5:00 p.m. prevailing Eastern Time on the business day immediately preceding the date of such meeting (or any adjournment or postponement thereof).