Common use of Call of Meeting by Company, the Guarantor or Securityholders Clause in Contracts

Call of Meeting by Company, the Guarantor or Securityholders. In case at any time the Company, or the Guarantor, as the case may be, pursuant to a resolution of its Board of Directors, or the Holders of not less than ten percent in principal amount of the Securities of any or all Series, as the case may be, then Outstanding, shall have requested the Trustee to call a meeting of Holders of Securities of any or all Series, as the case may be, to take any action authorized in Section 9.01 by written request setting forth in reasonable detail the action proposed to be taken at the meeting, and the Trustee shall not have mailed notice of such meeting within 20 days after receipt of such request, then the Company or the Guarantor or such Holders of Securities in the amount above specified may determine the time and place in the City and County of San Francisco, California or The City of New York, New York for such meeting and may call such meeting to take any action authorized in Section 9.01, by mailing notice thereof as provided in Section 9.02.

Appears in 4 contracts

Samples: Indenture (Chevron Funding Corp), Indenture (Chevron Canada Capital Co), Chevrontexaco Corp

AutoNDA by SimpleDocs
Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!