Common use of Call of Meetings by Company or Holders Clause in Contracts

Call of Meetings by Company or Holders. In case at any time the Company, pursuant to a resolution of its Board of Directors, or the Holders of at least 10% in aggregate principal amount at Stated Maturity of the Securities then outstanding of any or all series, as the case may be, that may be affected by the action proposed to be taken at the meeting, shall have requested the Trustee to call a meeting of Holders of Securities of any or all series, as the case may be, that may be so affected by written request setting forth in a reasonable detail the action proposed to be taken at the meeting, and the Trustee shall not have mailed the notice of such meeting within 20 days after receipt of such request, then the Company or such Holders, in the amount specified, may determine the time and the place in a location designated in Section 10.02 for such meeting and may call such meeting to take any action authorized in Section 10.01, by mailing notice thereof as provided in Section 10.02.

Appears in 3 contracts

Samples: Indenture (Lyondell Petrochemical Co), Indenture (Equistar Funding Corp), Equistar Funding Corp

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Call of Meetings by Company or Holders. In case at any time the Company, pursuant to a resolution of its Board of Directors, or the Holders of at least 10% in aggregate principal amount at Stated Maturity of the Securities then outstanding of any or all series, as the case may be, that may be affected by the action proposed to be taken at the meeting, shall have requested the Trustee to call a meeting of Holders of Securities of any or all series, as the case may be, that may be so affected by written request setting forth in a reasonable detail the action proposed to be taken at the 76 68 meeting, and the Trustee shall not have mailed the notice of such meeting within 20 days after receipt of such request, then the Company or such Holders, in the amount specified, may determine the time and the place in a location designated in Section 10.02 said Borough of Manhattan for such meeting and may call such meeting to take any action authorized in Section 10.01, by mailing notice thereof as provided in Section 10.02.

Appears in 2 contracts

Samples: Indenture (Atlantic Richfield Co /De), Indenture (Atlantic Richfield Co /De)

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Call of Meetings by Company or Holders. In case at any time the Company, pursuant to a resolution of its Board of Directors, or the Holders of at least 10% in aggregate principal amount at Stated Maturity of the Securities then outstanding of any or all series, as the case may be, that may be affected by the action proposed to be taken at the meeting, shall have requested the Trustee to call a meeting of Holders of Securities of any or all series, as the case may be, that may be so affected by written request setting forth in a reasonable detail the action proposed to be taken at the meeting, and the Trustee shall not have mailed the notice of such meeting within 20 days after receipt of such request, then the Company or such Holders, in the amount specified, may determine the time and the place in a location designated in Section 10.02 said Borough of Manhattan for such meeting and may call such meeting to take any action authorized in Section 10.01, by mailing notice thereof as provided in Section 10.02.

Appears in 2 contracts

Samples: Indenture (Lyondell Chemical Co), Indenture (Betzdearborn Inc)

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