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

Call of Meetings by Issuer or Holders. In case at any time Issuer, pursuant to a Board Resolution, or the Holders of not less than 10% in aggregate principal amount of the Securities then outstanding shall have requested Trustee to call a meeting of Holders to take any action specified in Section 9.1, by written request setting forth in reasonable detail the action proposed to be taken at the meeting, and Trustee shall not have mailed the notice of such meeting within 20 days after receipt of such request, then Issuer or the Holders in the amount above specified may determine the time and place in New York, New York or elsewhere for such meeting and may call such meeting for the purpose of taking such action, by mailing or causing to be mailed notice thereof as provided in Section 9.2, or by causing notice thereof to be published at least once in each of two successive calendar weeks (on any Business Day during such week) in the Wall Street Journal (national edition) or such other newspaper or newspapers printed in the English language, customarily published at least five days a week of a general circulation in New York, New York, the first such publication to be not less than 10 nor more than 60 days prior to the date fixed for the meeting.

Appears in 8 contracts

Samples: Indenture (Scott Cable Communications Inc), Indenture (Scott Cable Communications Inc), Indenture (Scott Cable Communications Inc)

AutoNDA by SimpleDocs
Time is Money Join Law Insider Premium to draft better contracts faster.