Common use of Meetings of Holders of Capital Securities Clause in Contracts

Meetings of Holders of Capital Securities. No annual meeting of Holders is required to be held. The Property Trustee, however, shall call a meeting of Holders of Capital Securities to vote on any matter upon the written request of the Holders of record of at least 25% of the aggregate Liquidation Amount of Outstanding Capital Securities) and the Administrative Trustees or the Property Trustee may, at any time in their discretion, call a meeting of Holders of Capital Securities to vote on any matters as to which Holders of Capital Securities are entitled to vote. Holders of at least 50% of the aggregate Liquidation Amount of Outstanding Capital Securities, present in person or by proxy, shall constitute a quorum at any meeting of Holders of Capital Securities. If a quorum is present at a meeting, an affirmative vote by the Holders of record present, in person or by proxy, holding at least a majority of the Liquidation Amount of Outstanding Capital Securities held by the Holders of record present, either in person or by proxy, at such meeting shall constitute the action of the Holders of Capital Securities, unless this Issuer Trust Agreement requires a greater number of affirmative votes.

Meetings of Holders of Capital Securities. No annual meeting of Holders Securityholders is required to be held. The Property TrusteeAdministrative Trustees, however, shall call a meeting of Holders of Capital Securities Securityholders to vote on any matter upon the written request of the Holders of record of at least 25% of the Outstanding Capital Securities (based upon their aggregate Liquidation Amount of Outstanding Capital SecuritiesAmount) and the Administrative Trustees or the Property Trustee may, at any time in their discretion, call a meeting of Holders of Capital Securities Securityholders to vote on any matters as to which Holders of the Capital Securities Securityholders are entitled to vote. Holders of at least record of 50% of the Outstanding Capital Securities (based upon their aggregate Liquidation Amount of Outstanding Capital SecuritiesAmount), present in person or by proxy, shall constitute a quorum at any meeting of Holders of Capital SecuritiesSecurityholders. If a quorum is present at a meeting, an affirmative vote by the Holders of record present, in person or by proxy, holding at least a majority of the Liquidation Amount of Outstanding Capital Securities (based upon their aggregate Liquidation Amount) held by the Holders of Capital Securities of record present, either in person or by proxy, at such meeting shall constitute the action of the Holders of Capital SecuritiesSecurityholders, unless this Issuer Trust Agreement requires a greater number of affirmative votes.

Meetings of Holders of Capital Securities. No annual meeting of Holders is required to be held. The Property Trustee, however, shall call a meeting of Holders of Capital Securities to vote on any matter upon the written request of the Holders of record of at least 25% of the aggregate Liquidation Amount of Outstanding Capital Securities) and the Administrative Trustees Administrators or the Property Trustee may, at any time in their discretion, call a meeting of Holders of Capital Securities to vote on any matters as to which Holders of Capital Securities are entitled to vote. Holders of at least 50% of the aggregate Liquidation Amount of Outstanding Capital Securities, present in person or by proxy, shall constitute a quorum at any meeting of Holders of Capital Securities. If a quorum is present at a meeting, an affirmative vote by the Holders of record present, in person or by proxy, holding at least a majority of the Liquidation Amount of Outstanding Capital Securities held by the Holders of record present, either in person or by proxy, at such meeting shall constitute the action of the Holders of Capital Securities, unless this Issuer Trust Agreement requires a greater number of affirmative votes.

Meetings of Holders of Capital Securities. No annual meeting of Holders is required to be held. The Property Trustee, however, shall call a meeting of Holders of Capital Securities to vote on any matter upon the written request of the Holders of record of at least 25% of the aggregate Liquidation Amount of Outstanding Capital Securities) and the Administrative Trustees Administrators or the Property Trustee may, at any time in their discretion, call a meeting of Holders of Capital Securities to vote on any matters as to which Holders of Capital Securities are entitled to vote. Holders of at least 50% of the aggregate Liquidation Amount of Outstanding Capital Securities, present in person or by proxy, shall constitute a quorum at any meeting of Holders of Capital Securities. If a quorum is present at a meeting, an affirmative vote by the Holders of record present, in person or by proxy, holding at least a majority of the Liquidation Amount of Outstanding Capital Securities held by the Holders of record present, either in person or by proxy, at such meeting shall constitute the action of the Holders of Capital Securities, unless this Issuer Trust Agreement requires a greater number of affirmative votes.

Meetings of Holders of Capital Securities. No annual meeting of Holders Securityholders is required to be held. The Property TrusteeAdministrative Trustees, however, shall call a meeting of Holders of Capital Securities Securityholders to vote on any matter upon the written request of the Holders of record of at least 25% of the Outstanding Capital Securities (based upon their aggregate Liquidation Amount of Outstanding Capital SecuritiesAmount) and the Administrative Trustees or the Property Trustee may, at any time in their discretion, call a meeting of Holders of Capital Securities Securityholders to vote on any matters as to which Holders of the Capital Securities Securityholders are entitled to vote. Holders of at least record of 50% of the Outstanding Capital Securities (based upon their aggregate Liquidation Amount of Outstanding Capital SecuritiesAmount), present in person or by proxy, shall constitute a quorum at any meeting of Holders of Capital SecuritiesSecurityholders. If a quorum is present at a meeting, an affirmative vote by the Holders of record present, in person or by proxy, holding at least a majority of the Liquidation Amount of Outstanding Capital Securities (based upon their aggregate Liquidation Amount) held by the Holders of Capital Securities of record present, either in person or by proxy, at such meeting shall constitute the action of the Holders of Capital SecuritiesSecurityholders, unless this Issuer Trust Agreement requires a greater number of affirmative votes.

Meetings of Holders of Capital Securities. No annual meeting of Holders Securityholders is required to be held. The Property TrusteeAdministrative Trustees, however, shall call a meeting of Holders of Capital Securities Securityholders to vote on any matter upon the written request of the Holders of record of at least 25% of the Outstanding Capital Securities (based upon their aggregate Liquidation Amount of Outstanding Capital SecuritiesAmount) and the Administrative Trustees or the Property Trustee may, at any time in their discretion, call a meeting of Holders of the Capital Securities to vote on any matters as to which the Holders of the Capital Securities are entitled to vote. Holders of at least record of 50% of the Outstanding Capital Securities (based upon their aggregate Liquidation Amount of Outstanding Capital SecuritiesAmount), present in person or by proxy, shall constitute a quorum at any meeting of Holders of Capital Securitiessuch Securityholders. If a quorum is present at a meeting, an affirmative vote by the Holders of record present, in person or by proxy, holding at least more than a majority of the Liquidation Amount of Outstanding Capital Securities (based upon their aggregate Liquidation Amount) held by the Holders of Capital Securities of record present, either in person or by proxy, at such meeting shall constitute the action of the Holders of the Capital Securities, unless this Issuer Trust Agreement requires a greater number of affirmative votes. SECTION 604. VOTING RIGHTS. Securityholders shall be entitled to one vote for each $25 of Liquidation Amount represented by their Trust Securities in respect of any matter as to which such Securityholders are entitled to vote.

Meetings of Holders of Capital Securities. No annual meeting of Holders is required to be held. The Property Trustee, however, shall call a meeting of Holders of Capital Securities to vote on any matter upon the written request of the Holders of record of at least 25% of the aggregate Liquidation Amount of Outstanding Capital Securities) Securities and the Administrative Trustees or the Property Trustee may, at any time in their discretion, call a meeting of Holders of Capital Securities to vote on any matters as to which Holders of Capital Securities are entitled to vote. Holders of at least 50% of the aggregate Liquidation Amount of Outstanding Capital Securities, present in person or by proxy, shall constitute a quorum at any meeting of Holders of Capital Securities. If a quorum is present at a meeting, an affirmative vote by the Holders of record present, in person or by proxy, holding at least a majority of the Liquidation Amount of Outstanding Capital Securities held by the Holders of record present, either in person or by proxy, at such meeting shall constitute the action of the Holders of Capital Securities, unless this Issuer Trust Agreement requires a greater number of affirmative votes.

Meetings of Holders of Capital Securities. No annual meeting of Holders Securityholders is required to be held. The Property TrusteeAdministrative Trustees, however, shall call a meeting of Holders of Capital Securities Securityholders to vote on any matter upon the written request of the Holders of record of at least 25% 25 percent of the aggregate Capital Securities (based upon their Liquidation Amount of Outstanding Capital SecuritiesAmount) and the Administrative Trustees or the Property Trustee may, at any time in their discretion, call a meeting of Holders of Capital Securities to vote on any matters as to which such Holders of Capital Securities are entitled to vote. Holders of record of at least 50% 50 percent of the aggregate Liquidation Amount of Outstanding Capital SecuritiesSecurities (based upon their Liquidation Amount), present in person or by proxy, shall constitute a quorum at any meeting of Holders of Capital SecuritiesSecurityholders. If a quorum is present at a meeting, an affirmative vote by the Holders of record present, in person or by proxy, holding at least more than a majority of the Liquidation Amount of Outstanding Capital Securities (based upon their Liquidation Amount) held by the Holders Securityholders of record present, either in person or by proxy, at such meeting shall constitute the action of the Holders of Capital SecuritiesSecurityholders, unless this Issuer Trust Agreement requires a greater number of affirmative votes.

Meetings of Holders of Capital Securities. No annual meeting of Holders Securityholders is required to be held. The Property TrusteeAdministrative Trustees, however, shall call a meeting of Holders of Capital Securities Securityholders to vote on any matter upon the written request of the Holders of record of at least 25% of the Outstanding Capital Securities (based upon their aggregate Liquidation Amount of Outstanding Capital SecuritiesAmount) and the Administrative Trustees or the Property Trustee may, at any time in their discretion, call a meeting of Holders of the Capital Securities to vote on any matters as to which the Holders of the Capital Securities are entitled to vote. Holders of at least record of 50% of the Outstanding Capital Securities (based upon their aggregate Liquidation Amount of Outstanding Capital SecuritiesAmount), present in person or by proxy, shall constitute a quorum at any meeting of Holders of Capital Securitiessuch Securityholders. If a quorum is present at a meeting, an affirmative vote by the Holders of record present, in person or by proxy, holding at least more than a majority of the Liquidation Amount of Outstanding Capital Securities (based upon their aggregate Liquidation Amount) held by the Holders of Capital Securities of record present, either in person or by proxy, at such meeting shall constitute the action of the Holders of Capital SecuritiesSecurityholders, unless this Issuer Trust Agreement requires a greater number of affirmative votes.