Common use of Written Resolutions Clause in Contracts

Written Resolutions. (a) Subject to this Agreement and the VPS Conditions, anything which may be resolved by the VPS Noteholders in a VPS Noteholders’ Meeting pursuant to Clause 4.1 (Authority of the VPS Noteholders’ Meeting) may also be resolved by way of a Written Resolution. A Written Resolution passed with the relevant majority is as valid as if it had been passed by the VPS Noteholders in a VPS Noteholders’ Meeting, and any reference in this Agreement or the VPS Conditions to a VPS Noteholders’ Meeting shall be construed accordingly.

Appears in 7 contracts

Samples: VPS Trustee Agreement, VPS Trustee Agreement, VPS Trustee Agreement

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