General Provisions Regarding Subordinated Notes. (a) The Company may sell the Subordinated Notes only upon the affirmative vote of both a majority of the Board of Directors and the holders of two-thirds (based on the aggregate liquidation preference) of the Company Preferred Securities and Company Parity Preferred Securities (if any), voting together as a single class.
Appears in 9 contracts
Samples: Administration Agreement (UBS Preferred Funding Trust VIII), Administration Agreement (UBS Preferred Funding Trust VIII), Administration Agreement (Ubs Preferred Funding Trust Iv)
General Provisions Regarding Subordinated Notes. (a) The Company may sell the Subordinated Notes only upon the affirmative vote of both a majority of the Board of Directors and the holders of two-thirds (based on the aggregate liquidation preference) of the Company Preferred Securities and other Company Parity Preferred Securities (if any), voting together as a single class.
Appears in 1 contract
Samples: Limited Liability Company Agreement (Ubs Preferred Funding Co LLC I)
