Majorities. The majorities required to approve a Resolution at any meeting convened in accordance with these rules shall be: 4.2.1 if in respect of a Resolution not regarding a Reserved Matter, the majority of the votes cast at the relevant meeting of holders of Covered Bonds; or 4.2.2 if in respect of a Resolution regarding a Reserved Matter, at least 50 per cent. of the Principal Amount Outstanding of the Covered Bonds at such time or, at any adjourned meeting, 2/3 of the votes cast at the relevant meeting of holders of Covered Bonds.
Appears in 2 contracts
Sources: Common Representative Appointment Agreement, Common Representative Appointment Agreement