Common use of Convocation Clause in Contracts

Convocation. 8.1.1 A General Meeting of the Debenture holders may be called by the Fiduciary Agent, by the Issuer, by Debenture holders that represent at least 10% (ten percent) of the Debentures in Circulation of each Series or of both Series, as the case may be, or by the CVM. 8.1.2 The General Meeting of the Debenture holders should be held within a maximum of 15 (fifteen) days from the first summons, and within a maximum of 8 (eight) days from the second summons.

Appears in 2 contracts

Sources: Indenture (Tele Norte Leste Participacoes Sa), Indenture (Telemar Participacoes S.A.)