Common use of Meetings of Preferred Securityholders Clause in Contracts

Meetings of Preferred Securityholders. No annual meeting of Securityholders is required to be held. The Regular Trustees, however, shall call a meeting of Securityholders to vote on any matter upon the written request of the Preferred Securityholders of record of 25% of the Preferred Securities (based upon their Liquidation Amount) and the Regular Trustees or the Property Trustee may, at any time in their discretion, call a meeting

Appears in 1 contract

Samples: Trust Agreement (CMS Energy Trust Ii)

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Meetings of Preferred Securityholders. No annual meeting of Securityholders is required to be held. The Regular Administrative Trustees, however, shall call a meeting of Preferred Securityholders to vote on any matter upon the written request of the Preferred Securityholders Holders of record of 25% of the Outstanding Preferred Securities (based upon their Liquidation Amount) and the Regular Administrative Trustees or the Property Trustee may, at any time in their discretion, call a meetingmeeting of Preferred Securityholders to vote on any matters as to which Preferred Securityholders are entitled to vote.

Appears in 1 contract

Samples: Trust Agreement (Cfac Capital I)

Meetings of Preferred Securityholders. (a) No annual meeting of Securityholders is required to be held. The Regular Administrative Trustees, however, shall call a meeting of Preferred Securityholders to vote on any matter upon the written request of the Preferred Securityholders Holders of record of 25% of the Outstanding Preferred Securities (based upon their Liquidation Amount) and the Regular Administrative Trustees or the Property Trustee may, at any time in their discretion, call a meetingmeeting of Preferred Securityholders to vote on any matters as to which Preferred Securityholders are entitled to vote.

Appears in 1 contract

Samples: Trust Agreement (Bancfirst Corp /Ok/)

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Meetings of Preferred Securityholders. No annual meeting of Securityholders is required to be held. The Regular Administrative Trustees, however, shall call a meeting of Securityholders to vote on any matter upon the written request of the Preferred Securityholders of record of 25% in aggregate Liquidation Amount of the Preferred Securities (based upon their Liquidation Amount) and the Regular Administrative Trustees or the Property Trustee may, at any time in their discretion, call a meetingtheir

Appears in 1 contract

Samples: Trust Agreement (Associates First Capital Iii)

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