Common use of Votes Clause in Contracts

Votes. 15.1 Every Voter shall have: (a) on a show of hands, one vote; and (b) on a poll, one vote in respect of each EUR 1 or such other amount as the Security Trustee may in its absolute discretion stipulate in Principal Amount Outstanding of the outstanding Covered Bond(s) represented or held by him. 15.2 Unless the terms of any Block Voting Instruction state otherwise, a Voter shall not be obliged to exercise all the votes to which he is entitled or to cast all the votes which he exercises in the same way. In the case of a voting tie the Chairman shall have a casting vote. 15.3 In this paragraph, a "Unit" means the lowest denomination of the Covered Bonds as stated in the applicable Final Terms or in the case of a meeting of Covered Bondholders of more than one Series, shall be the lowest common denominator of the lowest denomination of the Covered Bonds.

Votes. 15.1 Every Voter shall have: (a) on a show of hands, one vote; and (b) on a poll, one vote in respect of each EUR 1 or such other amount as the Security Trustee may in its absolute discretion stipulate in Principal Amount Outstanding of the outstanding Covered Bond(s) represented or held by him. 15.2 Unless the terms of any Block Voting Instruction state otherwise, a Voter shall not be obliged to exercise all the votes to which he is entitled or to cast all the votes which he exercises in the same way. In the case of a voting tie the Chairman shall have a casting vote. 15.3 In this paragraph, a "Unit" means the lowest denomination of the Covered Bonds as stated in the applicable Final Terms Applicable Supplement or in the case of a meeting of Covered Bondholders of more than one Series, shall be the lowest common denominator of the lowest denomination of the Covered Bonds.

Votes. 15.1 Every Voter shall have: (a) on a show of hands, one vote; and (b) on a poll, one vote in respect of each EUR 1 EUR1 or such other amount as the Security Trustee may in its absolute discretion stipulate in Principal Amount Outstanding of the outstanding Covered Bond(s) represented or held by him. 15.2 Unless the terms of any Block Voting Instruction state otherwise, a Voter shall not be obliged to exercise all the votes to which he is entitled or to cast all the votes which he exercises in the same way. In the case of a voting tie the Chairman shall have a casting vote. 15.3 In this paragraph, a "Unit" means the lowest denomination of the Covered Bonds as stated in the applicable Final Terms Applicable Supplement or in the case of a meeting of Covered Bondholders of more than one Series, shall be the lowest common denominator of the lowest denomination of the Covered Bonds.