Common use of Ordinary Resolution Clause in Contracts

Ordinary Resolution. The expression Ordinary Resolution means a resolution passed at a meeting of Bondholders duly convened and held in accordance with these provisions by a majority consisting of not less than half of the votes cast at such meeting.

Appears in 2 contracts

Sources: Bond Instrument (Alvotech Lux Holdings S.A.S.), Bond Instrument (Alvotech Lux Holdings S.A.S.)

Ordinary Resolution. The expression Ordinary Resolution means a resolution passed at a meeting of Bondholders Warrantholders duly convened and held in accordance with these provisions by a majority consisting of not less than half of the votes cast at such meeting.

Appears in 1 contract

Sources: Warrant Subscription Agreement