Common use of Indenture Trustee, Issuer and Noteholders May Call Meeting Clause in Contracts

Indenture Trustee, Issuer and Noteholders May Call Meeting. The Indenture Trustee, the Issuer and the Noteholders may call a meeting of the Noteholders at any time by giving notice thereof as provided in Section 14.4. In case the Issuer, pursuant to a Board Resolution, or the Noteholders holding at least 10% in aggregate principal amount of the Notes then Outstanding shall have requested the Indenture Trustee to call a meeting of Noteholders, by written request setting forth in general terms the action proposed to be taken at the meeting, and the Indenture Trustee shall not have made the mailing of the notice of such meeting within 20 calendar days after receipt of such request, then the Issuer or such Noteholders, in the amount above specified, may determine the time and the place in the Borough of Manhattan, The City of New York, for such meeting and may call such meeting to take any action authorized in Section 10.1 by giving notice thereof as provided in Section 14.4. Notice of every meeting of the Noteholders shall set forth the time and place of such meeting and, in general terms, the action proposed to be taken at such meeting and shall be given not less than 30 nor more than 60 calendar days prior to the date fixed for the meeting.

Appears in 2 contracts

Sources: Indenture (Brasil Telecom Sa), Indenture (Brasil Telecom Holding Co)