Majority Bondholders definition

Majority Bondholders means (i) in relation to any Series of Covered Bonds, a decision of the General Meeting (as defined in Condition 12 of the Terms and Conditions) of such Series taken in accordance with Condition 12(e) of the Terms and Conditions and (ii) in relation to German law Covered Bonds, an approval of one or more German law Bondholders holding at least two-thirds (⅔) of the then outstanding principal amount of such German law Covered Bonds.

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Majority Bondholders means, at any time, the Bondholder or Bondholders who hold, represent or account for more than 50% of the aggregate outstanding principal amount of the Bonds.

Majority Bondholders means, at any time, the Bondholder or Bondholders who hold, represent or account for more than fifty percent (50%) of the aggregate outstanding principal amount of the Bonds, provided that, in respect of any matter presented for resolution at any meeting of Bondholders that affect the rights and interests of only the holders of the Series [●] Bonds, holders of Series [●] Bonds, exclusively, will be considered for quorum and approval purposes; and in respect of any matter presented for resolution at any meeting of Bondholders that affect the rights and interests of only the holders of the Series [●] Bonds,

Examples of Majority Bondholders in a sentence

• The Attorney may be removed at any time with or without cause by the Majority Bondholders, such removal to take effect upon the appointment of a successor Attorney by the Majority Bondholders.

• Subject to Condition 14.2 and Condition 14.4, the Bonds and the Bond Documents may be amended, or waivers or consents given in respect thereof, with the agreement of the Issuer and the Majority Bondholders and (without prejudice to the terms of the Calculation Agency Agreement) any such amendment, waiver or consent will be binding on all Bondholders and shall be notified by the Issuer to Bondholders as soon as practicable.

• The resigning or removed Attorney following payment of all outstanding fees and expenses and the successor Attorney shall execute such assignments, agreements and other instruments, effect such registrations and do such acts and things as they deem appropriate or the Majority Bondholders may require in order that the successor Attorney possess all the rights and powers and have all the duties of the resigning or removed Attorney hereunder.

• If a successor Attorney shall not have been appointed within such thirty (30) day period by the Majority Bondholders, the Attorney shall then appoint a successor Attorney who shall serve as Attorney hereunder until such time, if any, as the Majority Bondholders appoint a successor Attorney as provided above.

• Except as provided in Section 17.6, none of the terms and conditions of this Deed may be changed, waived, modified or varied in any manner whatsoever unless in writing duly signed by the Grantor and the Attorney (with the written consent of the Majority Bondholders).

More Definitions of Majority Bondholders

Majority Bondholders means, in relation to any Series, a decision of the General Meeting (as defined in Condition 12 of the Terms and Conditions) of such Series taken in accordance with Condition 12(e) of the Terms and Conditions.

Majority Bondholders means holders of at least a majority in amount of the Bond Claims (as defined in PROMESA) of GDB that are to be affected by the Voluntary Agreement (as defined below) providing for the Restructuring.

Majority Bondholders means Bondholders holding in aggregate more than 50 per cent. of the aggregate Nominal Amount of the Bonds.

Majority Bondholders means the holders of more than fifty percent (50%) of the principal amount of the Bonds.

Majority Bondholders means Harbinger Capital Partners Master Fund I, Ltd. and Citigroup Global Markets, Inc.

Majority Bondholders means, at any time, holders of more than 50 per cent. of the principal amount of the Bonds outstanding.

Majority Bondholders means the holders of more than fifty percent (50%) of the principal amount of the Blue Bonds then outstanding.