Common use of Binding Effect of Resolutions Clause in Contracts

Binding Effect of Resolutions. Every Ordinary Resolution and every Extraordinary Resolution passed in accordance with the provisions of this Article 9 at a meeting of Holders of Notes shall be binding upon all the Holders of Notes to which such resolution relates, whether present at or absent from such meeting, and every instrument signed by Holders of Notes in accordance with Section 9.16 shall be binding upon all the Holders of Notes to which such resolution relates, whether signatories thereto or not, and each and every Holder and the Trustee (subject to the provisions for its indemnity herein contained) shall be bound to give effect to every such Ordinary Resolution, Extraordinary Resolution and instrument.

Appears in 2 contracts

Samples: Trust Indenture (Emera Inc), Trust Indenture (Emera Inc)

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Binding Effect of Resolutions. Every Ordinary Resolution resolution and every Extraordinary Resolution passed in accordance with the provisions of this Article 9 8 at a meeting of Holders of Notes shall be binding upon all the Holders of Notes to which such resolution relates, whether present at or absent from such meetingHolders, and every instrument in writing signed by Holders of Notes pursuant to Section 8.13 and every consent, waiver, notice, authorization or resolution otherwise provided in accordance with the procedures of the Depository pursuant to Section 9.16 8.13 shall be binding upon all the Holders of Notes to which such resolution relates, whether signatories thereto or notHolders, and each and every Holder and the Trustee (subject to the provisions for its indemnity herein contained) shall shall, subject to applicable law, be bound to give effect accordingly to every such Ordinary resolution, Extraordinary Resolution, Extraordinary Resolution and instrumentinstrument in writing or consent, waiver, notice, authorization or resolution provided in accordance with the procedures of the Depository.

Appears in 2 contracts

Samples: Trust Indenture, Trust Indenture

Binding Effect of Resolutions. Every Ordinary Resolution and every Extraordinary Resolution passed in accordance with the provisions of this Article 9 at a meeting of Holders of Trust Notes shall be binding upon all the Holders of Trust Notes to which such resolution relates, whether present at or absent from such meeting, and every instrument signed by Holders of Trust Notes in accordance with Section section 9.16 shall be binding upon all the Holders of Trust Notes to which such resolution relates, whether signatories thereto or not, and each and every Holder and the Trustee (subject to the provisions for its indemnity herein contained) shall be bound to give effect to every such Ordinary Resolution, Extraordinary Resolution and instrument.

Appears in 2 contracts

Samples: Trust Indenture (TransCanada Trust), Trust Indenture (Transcanada Pipelines LTD)

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Binding Effect of Resolutions. Every Ordinary Resolution Subject to Section 11.14, every resolution and every Extraordinary Resolution passed in accordance with the provisions of this Article 9 Eleven at a meeting of Holders of Notes shall Noteholders will be binding upon all the Holders of Notes Noteholders to which whom such resolution relatesmeeting applies, whether present at or absent from such meeting, and every instrument in writing signed by Holders of Notes Noteholders in accordance with Section 9.16 shall 11.18 will be binding upon all the Holders of Notes Noteholders to which whom such resolution relates, instrument applies whether signatories thereto or not, and each and every Holder such Noteholder and the Indenture Trustee (subject to the provisions for its indemnity herein containedcontained in Section 12.03(2)) shall will be bound to give effect accordingly to every such Ordinary Resolutionresolution, Extraordinary Resolution and instrumentinstrument in writing.

Appears in 1 contract

Samples: Trust Indenture

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