Majority in Liquidation Amount of the Trust Preferred Securities definition

Majority in Liquidation Amount of the Trust Preferred Securities means, except as provided by the Trust Indenture Act, a vote by Holder(s) of Trust Preferred Securities, voting separately as a class, of more than 50% of the aggregate liquidation amount (including the amount that would be paid on redemption, liquidation or otherwise, plus accumulated and unpaid Distributions to the date upon which the voting percentages are determined) of all Trust Preferred Securities.
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Majority in Liquidation Amount of the Trust Preferred Securities means, except as provided by the Trust Indenture Act, Trust Preferred Securities representing more than 50% of the aggregate Liquidation Amount (as defined in the Trust Agreement) of all Trust Preferred Securities then Outstanding (as defined in the Trust Agreement).
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Majority in Liquidation Amount of the Trust Preferred Securities means the Holders of more than 50% of the Liquidation Amount of all of the Trust Preferred Securities.
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Examples of Majority in Liquidation Amount of the Trust Preferred Securities in a sentence

  • The Holders of at least a Majority in Liquidation Amount of the Trust Preferred Securities may, by vote, on behalf of the Holders of all the Trust Preferred Securities, waive any past default or Event of Default and its consequences.

  • Except with respect to any changes that do not adversely affect the rights of the Holders in any material respect (in which case no consent of the Holders will be required), this Guarantee Agreement may only be amended with the prior approval of the Holders of not less than a Majority in Liquidation Amount of the Trust Preferred Securities.

  • The normal rule when “a claim cannot be reviewed on appeal due to mootness” is to vacate the underlying district court judgment.

  • The Holders of a Majority in Liquidation Amount of the Trust Preferred Securities may, by vote, on behalf of the Holders of all the Trust Preferred Securities, waive any past default or Event of Default and its consequences; provided that each Series of Trust Preferred Securities shall be entitled, in the case of any default or Event of Default that affects such Series differently from the other Series, to vote separately as a Series with respect thereto.

  • Except with respect to any changes that do not materially adversely affect the rights of the Holders (in which case no consent of the Holders will be required), this Guarantee may not be amended without the prior approval of the Holders of at least a Majority in Liquidation Amount of the Trust Preferred Securities.


More Definitions of Majority in Liquidation Amount of the Trust Preferred Securities

Majority in Liquidation Amount of the Trust Preferred Securities means, except as provided by the Declaration or by the Trust Indenture Act, more than 50% of the aggregate liquidation amount of all Trust Preferred Securities.
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Majority in Liquidation Amount of the Trust Preferred Securities means, except as provided in the terms of the Trust Preferred Securities or by the Trust Indenture Act, Holder(s) of outstanding Trust Preferred Securities, voting together as a single class, who are the record owners of more than 50% of the aggregate liquidation amount of all outstanding Trust Preferred Securities. In determining whether the Holders of the requisite amount of Trust Preferred Securities have voted, Trust Preferred Securities that are owned by the Guarantor or any Affiliate of the Guarantor or any other obligor on the Trust Securities shall be disregarded for the purpose of any such determination.
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Majority in Liquidation Amount of the Trust Preferred Securities means, except as provided by the Trust Indenture Act, Trust Preferred Securities representing more than 50% of the aggregate Liquidation Amount of all then outstanding Trust Preferred Securities issued by the Trust.
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Majority in Liquidation Amount of the Trust Preferred Securities has the meaning set forth in Section 1.1 of the Trust Agreement.
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Majority in Liquidation Amount of the Trust Preferred Securities means, except as provided in the terms of the Trust Preferred Securities or, except as provided by the Trust Indenture Act, a vote by Holders of Trust Preferred Securities, voting separately as a class, of more than 50% of the liquidation amount (including the stated amount that would be paid on redemption, liquidation or otherwise, plus accrued and unpaid Distributions to the date upon which the voting percentages are determined) of all the Trust Preferred Securities.
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Majority in Liquidation Amount of the Trust Preferred Securities means the Holder(s) of outstanding Trust-Preferred Securities, voting together as a class, but separately from the holder(s) of the common securities issued in connection with the Debentures (the “Common Securities”), of more than 50% of the aggregate liquidation amount (including the stated amount that would be paid on redemption, liquidation or otherwise, plus accrued and unpaid Distributions to the date upon which the voting percentages are determined) of all Trust-Preferred Securities then outstanding.
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Majority in Liquidation Amount of the Trust Preferred Securities means, except as provided by the Trust Indenture Act, a vote by Holder(s) of Trust Preferred Securities, voting
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