Common use of Call of Meeting by Issuer or Bondholders Clause in Contracts

Call of Meeting by Issuer or Bondholders. If, at any time the issuer, pursuant to an Issuer Order, shall have requested the Indenture Trustee to call a meeting of the Bondholders of any Class and/or Series, or the Holders of Bonds representing (unless otherwise specified in the related Terms Indenture) at least 10% of the aggregate Principal Amount of any Class and/or Series shall have requested the Indenture Trustee to call a meeting of Bondholders of such Class and/or Series, to take any action authorized in Section 11.01, by written request setting forth in reasonable detail the action proposed to be taken at such meeting, and the Indenture Trustee shall not have mailed notice of such meeting within 15 days after receipt of such request, then the Issuer or the Holders of Bonds of the applicable Class and/or Series representing (unless otherwise specified in the related Indenture) at least 10% of the aggregate Principal Amount of such Class and/or Series may determine the time and the place for such meeting, the record date for determining the Bondholders entitled to notice of or to vote at such meeting, and may call such meeting only to take any action authorized in Section 11.01, by mailing notice thereof as provided in Section 11.02.

Appears in 5 contracts

Samples: Criimi Mae CMBS Corp, Criimi Mae CMBS Corp, Criimi Mae CMBS Corp

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