Electronic Consent definition

Electronic Consent has the meaning set out in paragraph 19;

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Electronic Consent means approval of a resolution given by way of electronic consents communicated through the electronic communications systems of the relevant clearing system(s) in accordance with their operating rules and procedures by or on behalf of the holders of not less than 75 per cent. in nominal amount of the Notes outstanding.

Electronic Consent means where the terms of the resolution proposed by the Issuer or the Trustee (as the case may be) have been notified to the Bondholders through the relevant clearing system(s) as provided in sub-paragraphs (i) and/or (ii) below, each of the Issuer and the Trustee shall be entitled to rely upon approval of such resolution given by way of electronic consents communicated through the electronic communications systems of the relevant clearing system(s) to the Principal Paying Agent or another specified agent and/or the Trustee in accordance with their operating rules and procedures by or on behalf of the holders of not less than 75 per cent. in principal amount of the Bonds outstanding (the “Required Proportion”) (“Electronic Consent”) by close of business on the Relevant Date. Any resolution passed in such manner shall be binding on all Bondholders, even if the relevant consent or instruction proves to be defective. None of the Issuer or the Trustee shall be liable or responsible to anyone for such reliance;

Examples of Electronic Consent in a sentence

A Written Resolution and/or Electronic Consent shall take effect as an Extraordinary Resolution.
A Written Resolution or Electronic Consent shall take effect as if it were an Extraordinary Resolution.
A Written Resolution and/or Electronic Consent will be binding on all Noteholders, whether or not they participated in such Written Resolution and/or Electronic Consent.
Such a Written Resolution and/or Electronic Consent will be binding on all Certificateholders whether or not they participated in such Written Resolution or Electronic Consent.
A Written Resolution and/or Electronic Consent (i) shall take effect as an Extraordinary Resolution and (ii) will be binding on all Noteholders, whether or not they participated in such Written Resolution and/or Electronic Consent, even if the relevant consent or instruction proves to be defective.

More Definitions of Electronic Consent

Electronic Consent has the meaning given to it in Schedule 4 (Provisions for Meetings of Noteholders) of the Trust Deed;

Electronic Consent means Electronic Instructions approving the Extraordinary Resolution have been received by the Clearing Systems by or on behalf of Holders of not less than 75 per cent. in aggregate principal amount of the Securities for the time being outstanding by the Electronic Consent Deadline;

Electronic Consent means consent given by way of electronic consents communicated through the electronic communications system of the relevant clearing system(s) to the Principal Paying Agent or another specified agent and/or the Trustee in accordance with the operating rules and procedures of the relevant clearing system(s).

Electronic Consent means a resolution given by way of electronic consents, communicated through the electronic communications systems of the relevant clearing system(s) to the Principal Paying Agent or another specified agent in accordance with their operating rules and procedures by or on behalf of the holders of not less than 75 per cent. in nominal amount of the Bonds outstanding.

Electronic Consent means any sound, symbol, or process which is–

Electronic Consent has the meaning set out in Schedule 3;

Electronic Consent has the meaning given to it in paragraph 5.1 of Schedule 4 (Provisions for Meetings of Bondholders);