Examples of Holders’ Representative in a sentence
The Holders’ Representative shall comply with the instructions of the Holders.
The Holders’ Representative shall provide reports to the Holders on its activities.
The regulations of the SchVG apply with regard to the recall and the other rights and obligations of the Holders’ Representative.
To the extent that the Holders’ Representative has been authorised to assert certain rights of the Holders, the Holders shall not be entitled to assert such rights themselves, unless explicitly provided for in the relevant majority resolution.
If the Holders’ meeting votes against the serving of a Default Notice, the right to serve such Default Notice shall revert to the Holders’ Representative whereby the Holders’ Representative shall not be bound by the resolution of the Holders’ meeting if and to the extent that new circumstances arise or become known which require a revised assessment of the facts.