Supervisory Committee definition
Examples of Supervisory Committee in a sentence
In addition, a meeting of the Holders of Securities may be called by IRSA (through IRSA’s Board of Directors or Supervisory Committee) at its discretion, or upon request of the Trustee or the Holders of at least 5% in aggregate principal amount of the Outstanding Securities.
The Securities shall be executed on behalf of IRSA by each of a member of its Board of Directors and a member of its Supervisory Committee.
In the event the Board of Directors or the Supervisory Committee of IRSA shall fail to call a meeting requested by the Trustee or the Holders as provided in the immediately preceding sentence, the meeting may be called by the CNV or by a competent court at the request of the Holders.
Each of IRSA (through the Board of Directors or the Supervisory Committee of IRSA) and the Trustee may at any time call a meeting of the Holders of the Securities for the purpose of entering into a supplemental indenture as provided in Section 7.2 or waiving a past default as provided in Section 4.10.
The following persons may not act as proxies: members of the Board of Directors or of the Supervisory Committee of IRSA and managers and other employees of IRSA.