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

Meetings of Holders of Preferred 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 Outstanding Preferred 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 the Preferred Securities to vote on any matters as to which the Holders of the Preferred Securities are entitled to vote. Holders of record of 50% of the Outstanding Preferred Securities (based upon their aggregate Liquidation Amount), present in person or by proxy, shall constitute a quorum at any meeting of such Securityholders. If a quorum is present at a meeting, an affirmative vote by the Holders of record present, in person or by proxy, holding more than a majority of the Preferred Securities (based upon their aggregate Liquidation Amount) held by the Holders of Preferred Securities of record present, either in person or by proxy, at such meeting shall constitute the action of the Holders of the Preferred Securities, unless this Trust Agreement requires a greater number of affirmative votes.

Meetings of Holders of Preferred 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 Outstanding then outstanding Preferred 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 the Preferred Securities to vote on any matters as to the which the Holders of the Preferred Securities are entitled to vote. Holders of record of 50% of the Outstanding then outstanding Preferred Securities (based upon their aggregate Liquidation Amount), present in person or by proxy, shall constitute a quorum at any meeting of such Securityholders. If a quorum is present at a meeting, an affirmative vote by the Holders of record Preferred Securities present, in person or by proxy, holding more than a majority the lesser of (x) 66 2/3% of the then outstanding Preferred Securities (based upon their aggregate Liquidation Amount) held by the Holders of then outstanding Preferred Securities of record present, either in person or by proxy, at such meeting and (y) 50% of the outstanding Preferred Securities (based upon their aggregate liquidation amount) shall constitute the action of the Holders of the Preferred SecuritiesSecurityholders, unless this Trust Agreement requires a greater number of affirmative votes.

Meetings of Holders of Preferred 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 Preferred 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 the Preferred Securities to vote on any matters as to which the Holders of the Preferred Securities are entitled to vote. Holders of record of 50% of the then Outstanding Preferred Securities (based upon their aggregate Liquidation Amount), present in person or by proxy, shall constitute a quorum at any meeting of such Securityholders. If a quorum is present at a meeting, an affirmative vote by the Holders of record Preferred Securities present, in person or by proxy, holding more than a majority the lesser of (x) 66 2/3% of the then Outstanding Preferred Securities (based upon their aggregate Liquidation Amount) held by the Holders of then Outstanding Preferred Securities of record present, either in person or by proxy, at such meeting and (y) 50% of the Outstanding Preferred Securities (based upon their aggregate Liquidation Amount) shall constitute the action of the Holders of the Preferred SecuritiesSecurityholders, unless this Trust Agreement requires a greater number of affirmative votes.

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

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

Meetings of Holders of Preferred 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 Outstanding Preferred 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 the Preferred Securities to vote on any matters as to which the Holders of the Preferred Securities are entitled to vote. Holders of record of at least 50% of the Outstanding Preferred Securities (based upon their aggregate Liquidation Amount), present in person or by proxy, shall constitute a quorum at any meeting of such Securityholders. If a quorum is present at a meeting, an affirmative vote by the Holders of record present, in person or by proxy, holding more than a majority of the Preferred Securities (based upon their aggregate Liquidation Amount) held by the Holders of Preferred Securities of record present, either in person or by proxy, at such meeting shall constitute the action of the Holders of the Preferred Securities, unless this Trust Agreement requires a greater number of affirmative votes.

Meetings of Holders of Preferred 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 Outstanding then outstanding Preferred 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 the Preferred Securities to vote on any matters as to which the Holders of the Preferred Securities are entitled to vote. Holders of record of 50% of the Outstanding then outstanding Preferred Securities (based upon their aggregate Liquidation Amount), present in person or by proxy, shall constitute a quorum at any meeting of such Securityholders. If a quorum is present at a meeting, an affirmative vote by the Holders of record Preferred Securities present, in person or by proxy, holding more than a majority the lesser of (x) 66 2/3% of the then outstanding Preferred Securities (based upon their aggregate Liquidation Amount) held by the Holders of then outstanding Preferred Securities of record present, either in person or by proxy, at such meeting and (y) 50% of the outstanding Preferred Securities (based upon their aggregate liquidation amount) shall constitute the action of the Holders of the Preferred SecuritiesSecurityholders, unless this Trust Agreement requires a greater number of affirmative votes.

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

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

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

Meetings of Holders of Preferred Securities. No annual meeting of Securityholders Holders is required to be held. The Administrative Trustees, however, shall call a meeting of Securityholders Holders of Preferred 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 Preferred 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 the Preferred Securities to vote on any matters as to which the Holders of the Preferred Securities are entitled to vote. Holders of record of at least 50% of the Liquidation Amount of Outstanding Preferred Securities (based upon their aggregate Liquidation Amount)Securities, present in person or by proxy, shall constitute a quorum at any meeting of such SecurityholdersHolders of Preferred Securities. If a quorum is present at a meeting, an affirmative vote by the Holders of record present, in person or by proxy, holding more than at least a majority of the Liquidation Amount of Outstanding Preferred Securities (based upon their aggregate Liquidation Amount) held by the Holders of Preferred Securities of record present, either in person or by proxy, at such meeting shall constitute the action of the Holders of the Preferred Securities, unless this Trust Agreement Declaration requires a greater number of affirmative votes.