Common use of Appointment of proxies Clause in Contracts

Appointment of proxies. (a) (REQUIREMENTS) Each appointment of a proxy shall be in writing and shall be deposited at the registered office of the Security Trustee or in such other place as the Security Trustee shall designate or approve, together with proof satisfactory to the Security Trustee of its due execution (if so required by the Security Trustee), not less than 24 hours before the time appointed for holding the meeting or adjourned meeting at which the named proxy proposes to vote, and in default, the appointment of proxy shall not be treated as valid unless the chairman of the meeting decides otherwise before that meeting or adjourned meeting proceeds to business. A notarially certified copy proof of due execution as specified above (if applicable) shall, if required by the Security Trustee, be produced by the proxy at the meeting or adjourned meeting, but the Security Trustee shall not thereby be obliged to investigate or be concerned with the validity or the authority of the proxy named in any such appointment. The proxy named in any appointment of proxy need not be a Voting Mortgagee.

Appointment of proxies. (a) (REQUIREMENTS) Each appointment of a proxy shall be in writing and and, together (if so required by the Security Trustee) with proof satisfactory to the Security Trustee of its due execution, shall be deposited at the registered office of the Security Trustee or in at such other place as the Security Trustee shall designate or approve, together with proof satisfactory to the Security Trustee of its due execution (if so required by the Security Trustee), approve not less than 24 hours before the time appointed for holding the meeting or adjourned meeting at which the named proxy proposes to vote, vote and in default, the appointment of proxy shall not be treated as valid unless the chairman of the meeting decides otherwise before that such meeting or adjourned meeting proceeds to business. A notarially certified copy proof of due execution as specified above aforesaid (if applicable) shall, of due execution shall if required by the Security Trustee, Trustee be produced by the proxy at the meeting or adjourned meeting, meeting but the Security Trustee shall not thereby be obliged to investigate or be concerned with the validity of, or the authority of of, the proxy named in any such appointment. The proxy named in any appointment of proxy need not be a Voting MortgageeSecured Creditor.

Appointment of proxies. (a) (REQUIREMENTSRequirements) Each appointment of a proxy shall be in writing and shall be deposited at the registered office of the Security Trustee or in such other place as the Security Trustee shall designate or approve, together with proof satisfactory to the Security Trustee of its due execution (if so required by the Security Trustee), not less than 24 hours before the time appointed for holding the meeting or adjourned meeting at which the named proxy proposes to vote, and in default, the appointment of proxy shall not be treated as valid unless the chairman of the meeting decides otherwise before that meeting or adjourned meeting proceeds to business. A notarially certified copy proof of due execution as specified above (if applicable) shall, if required by the Security Trustee, be produced by the proxy at the meeting or adjourned meeting, but the Security Trustee shall not thereby be obliged to investigate or be concerned with the validity or the authority of the proxy named in any such appointment. The proxy named in any appointment of proxy need not be a Voting Mortgagee.. -------------------------------------------------------------------------------- Page 42 --------------------------------------------------------------------------------

Appointment of proxies. (a) (REQUIREMENTSRequirements) Each appointment of a proxy shall be in writing and shall be deposited at the registered office of the Security Trustee or in such other place as the Security Trustee shall designate or approve, together with proof satisfactory to the Security Trustee of its due execution (if so required by the Security Trustee), not less than 24 hours before the time appointed for holding the meeting or adjourned meeting at which the named proxy proposes to vote, and in default, the appointment of proxy shall not be treated as valid unless the chairman of the meeting decides otherwise before that meeting or adjourned meeting proceeds to business. A notarially certified copy proof of due execution as specified above (if applicable) shall, if required by the Security Trustee, be produced by the proxy at the meeting or adjourned meeting, but the Security Trustee shall not thereby be obliged to investigate or be concerned with the validity or the authority of the proxy named in any such appointment. The proxy named in any appointment of proxy need not be a Voting Mortgagee.