Common use of Call of Meetings by Corporation or Securityholders Clause in Contracts

Call of Meetings by Corporation or Securityholders. In case at any time the Corporation pursuant to a resolution of the Board of Directors, or the holders of at least 10% in aggregate principal amount of the Securities of any or all series, as the case may be, then outstanding, shall have requested the Debt Trustee to call a meeting of Securityholders of any or all series, as the case may be, by written request setting forth in reasonable detail the action proposed to be taken at the meeting, and the Debt Trustee shall not have mailed the notice of such meeting within 20 days after receipt of such request, then the Corporation or such Securityholders may determine the time and the place in said New York, New York or Wilmington, Delaware, as applicable, for such meeting and may call such meeting to take any action authorized in Section 8.1, by mailing notice thereof as provided in Section 8.2.

Appears in 2 contracts

Samples: Indenture (General Motors Capital Trust D), Indenture (General Motors Corp)

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Call of Meetings by Corporation or Securityholders. In case at any time the Corporation Corporation, pursuant to a resolution of the Board of DirectorsResolution, or the holders of at least 10% ten percent in aggregate principal amount of the Securities of any one or all series, as the case may be, more series then outstanding, shall have requested the Debt Trustee to call a meeting of Securityholders holders of any or all Securities of such series, as the case may be, by written request setting forth in reasonable detail the action proposed to be taken at the meeting, and the Debt Trustee shall not have mailed the notice of such meeting within 20 days after receipt of such request, then the Corporation or such Securityholders may determine the time and the place in said New York, New York or Wilmington, Delaware, as applicable, Borough of Manhattan for such meeting and may call such meeting to take any action authorized in Section 8.110.01, by mailing notice thereof as provided in Section 8.210.02.

Appears in 1 contract

Samples: Indenture (J P Morgan Chase & Co)

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Call of Meetings by Corporation or Securityholders. In case at any time the Corporation Corporation, pursuant to a resolution of the Board of DirectorsResolution, or the holders of at least 10% ten percent in aggregate principal amount of the Securities of any one or all series, as the case may be, more series then outstanding, shall have 55 48 requested the Debt Trustee to call a meeting of Securityholders holders of any or all Securities of such series, as the case may be, by written request setting forth in reasonable detail the action proposed to be taken at the meeting, and the Debt Trustee shall not have mailed the notice of such meeting within 20 days after receipt of such request, then the Corporation or such Securityholders may determine the time and the place in said New York, New York or Wilmington, Delaware, as applicable, Borough of Manhattan for such meeting and may call such meeting to take any action authorized in Section 8.110.01, by mailing notice thereof as provided in Section 8.210.02.

Appears in 1 contract

Samples: J P Morgan Chase & Co

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