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

Meetings of Holders of Capital Securities. No annual meeting of Securityholders is required to be held. The Administrative Trustees, however, shall call a meeting of Securityholders to vote on any matter upon the written request of the Holders of 25% of the then Outstanding Capital Securities (based upon their aggregate Liquidation Amount) and may, at any time in their discretion, call a meeting of Holders of Capital Securities to vote on any matters as to which the Holders of Capital Securities are entitled to vote. Holders of 50% of the then Outstanding Capital Securities (based upon their aggregate Liquidation Amount), present in person or by proxy, shall constitute a quorum at any meeting of Securityholders. If a quorum is present at a meeting, an affirmative vote by the Holders of Capital Securities present, in person or by proxy, holding more than the lesser of (x) 66 2/3% of the then Outstanding Capital Securities (based upon their aggregate Liquidation Amount) held by the Holders of then Outstanding Capital Securities present, either in person or by proxy, at such meeting and (y) 50% of the Outstanding Capital Securities (based upon their aggregate Liquidation Amount) shall constitute the action of the Securityholders, unless this Trust Agreement requires a greater number of affirmative votes.

Meetings of Holders of Capital Securities. No annual meeting of Securityholders is required to be held. The Administrative Trustees, however, shall call a meeting of Securityholders to vote on any matter upon the written request of the Holders of 25% of the then Outstanding Capital Securities (based upon their aggregate Liquidation Amount) and the Administrative Trustees or the Property Trustee may, at any time in their discretion, call a meeting of Holders of Capital Securities Preferred Securityholders to vote on any matters as to which the Holders of Capital Securities Preferred Securityholders are entitled to vote. Holders of record of 50% of the then Outstanding Capital Securities (based upon their aggregate Liquidation Amount), present in person or by proxy, shall constitute a quorum at any meeting of Securityholders. If a quorum is present at a meeting, an affirmative vote by the Holders of Capital Securities record present, in person or by proxy, holding more than the lesser of (x) 66 2/3% a majority of the then Outstanding Capital Securities (based upon their aggregate Liquidation Amount) held by the Holders of then Outstanding Capital Securities of record present, either in person or by proxy, at such meeting and (y) 50% of the Outstanding Capital Securities (based upon their aggregate Liquidation Amount) shall constitute the action of the Securityholders, unless this Trust Agreement requires a greater number of affirmative votes.

Meetings of Holders of Capital Securities. No annual meeting of Securityholders is required to be held. The Administrative Trustees, however, shall call a meeting of Securityholders to vote on any matter upon the written request of the Holders of 25% of the then Outstanding Capital Securities (based upon their aggregate Liquidation Amount) and the Administrative Trustees or the Property Trustee may, at any time in their discretion, call a meeting of Holders of Capital Securities Preferred Securityholders to vote on any matters as to which the Holders of Capital Securities Preferred Securityholders are entitled to vote. Holders of record of 50% of the then Outstanding Capital Securities (based upon their aggregate Liquidation Amount), present in person or by proxy, shall constitute a quorum at any meeting of Securityholders. If a quorum is present at a meeting, an affirmative vote by the Holders of Capital Securities record present, in person or by proxy, holding more than the lesser of (x) 66 2/3% a majority of the then Outstanding Capital Securities (based upon their aggregate Liquidation Amount) held by the Holders of then Outstanding Capital Securities of record present, either in person or by proxy, at such meeting and (y) 50% of the Outstanding Capital Securities (based upon their aggregate Liquidation Amount) shall constitute the action of the Securityholders, unless this Trust Agreement requires a greater number of affirmative votes.