Examples of Extraordinary Resolution in a sentence
The Holders shall have the power exercisable by Extraordinary Resolution to remove any trustee or trustees for the time being of these presents.
The power to appoint a new trustee of these presents shall be vested in the Issuer but no person shall be appointed who shall not previously have been approved by an Extraordinary Resolution.
The quorum at any such meeting for passing an Extraordinary Resolution is one or more persons holding or representing more than 50 per cent.
The Trust Deed contains provisions for convening meetings of the Holders (including by way of conference call or by use of a videoconference platform) to consider any matter affecting their interests, including the sanctioning by Extraordinary Resolution of a modification of the Notes and the Coupons relating to them or any of the provisions of the Trust Deed.
An Extraordinary Resolution passed at any meeting of the Noteholders shall be binding on all the Noteholders, whether or not they are present at the meeting, and on all Receiptholders and Couponholders.