Holder Definition Example

Holder. Shall mean the Initial Purchasers, for so long as they own any Registrable Securities, and each of their respective successors, assigns and direct and indirect transferees who become registered owners of Registrable Securities under the Indenture, including any Person that acquired any Registrable Securities prior to the date hereof; provided that for purposes of Sections 4 and 5 of this Agreement, the term Holder shall include Participating Broker-Dealers (as defined in Section 4(a)).