Examples of Noteholders’ Meeting in a sentence
If a quorum does not exist at a Noteholders’ Meeting or in respect of a Written Procedure, the Issuing Agent or the Issuer shall convene a second Noteholders’ Meeting (in accordance with Clause 13.1) or initiate a second Written Procedure (in accordance with Clause 14.1), as the case may be, provided that the relevant proposal has not been withdrawn by the person(s) who initiated the procedure for Noteholders’ consent.
A request by the Issuing Agent for a decision by the Noteholders on a matter relating to the Finance Documents shall (at the option of the Issuing Agent) be dealt with at a Noteholders’ Meeting or by way of a Written Procedure.
Quorum at a Noteholders’ Meeting or in respect of a Written Procedure only exists if a Noteholder (or Noteholders) representing at least fifty (50) per cent.
Without amending or varying these Terms and Conditions, the Issuing Agent may prescribe such further regulations regarding the convening and holding of a Noteholders’ Meeting as the Issuing Agent may deem appropriate.
The Issuing Agent may refrain from convening a Noteholders’ Meeting or instigating a Written Procedure if (i) the suggested decision must be approved by any person in addition to the Noteholders and such person has informed the Issuing Agent that an approval will not be given, or (ii) the suggested decision is not in accordance with applicable laws.