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

Meetings of Holders of the Securities. The Issuer may convene a meeting of the holders of the Securities of any series at any time in accordance with this Agreement for that series of Securities. The Issuer will determine the time and place of the meeting. The Issuer will notify the holders of the Securities of that series of the time, place and purpose of the meeting not less than 30 nor more than 60 days before the meeting. The Issuer or the Fiscal Agent will convene a meeting of holders of a series of Securities if the holders of at least 10% in principal amount of the outstanding Securities of such series have delivered a written request to the Issuer or the Fiscal Agent (with a copy to the Issuer) setting out the purpose of the meeting. Within 10 days of receipt of such written request or copy thereof, the Issuer shall notify the Fiscal Agent, and the Fiscal Agent shall notify the holders of the Securities of that series, of the time and place of the meeting, which shall take place not less than 30 and not more than 60 days after the date on which such notification is given. The Issuer will set the procedures governing the conduct of any meeting in accordance with this Agreement. If this Agreement does not include such procedures, or additional procedures are required, the Issuer shall establish such procedures as are customary in the market. The notice convening any meeting of holders of the Securities of a series will specify:

Appears in 4 contracts

Samples: Fiscal Agency Agreement, Fiscal Agency Agreement (Republic of the Philippines), Fiscal Agency Agreement (Republic of the Philippines)

AutoNDA by SimpleDocs
Time is Money Join Law Insider Premium to draft better contracts faster.