Common use of Call of Meetings by the Company or Holders Clause in Contracts

Call of Meetings by the Company or Holders. In case at any time the Company, pursuant to a Board Resolution, or the Holders of not less than 10% in aggregate principal amount of the Senior Subordinated Notes then outstanding shall have requested the Trustee to call a meeting of Securityholders to take any action specified in Section 11.01, by written request setting forth in reasonable detail the action proposed to be taken at the meeting, and the Trustee shall not have mailed the notice of such meeting within 20 days after receipt of such request, then the Company or the Holders of Senior Subordinated Notes in the amount above specified may determine the time and place in The City of New York, New York or elsewhere for such meeting and may call such meeting for the purpose of taking such action, by mailing or causing to be mailed notice thereof as provided in Section 11.02.

Appears in 3 contracts

Samples: Indenture (Trism Inc /De/), Indenture (Trism Inc /De/), Indenture (Trism Inc /De/)

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Call of Meetings by the Company or Holders. In case at any time the Company, pursuant to a Board Resolution, Resolution or the Holders of not less than 10% in aggregate principal amount of the Senior Subordinated Notes then outstanding shall have requested the Trustee to call a meeting of Securityholders Holders to take any action specified in Section 11.0110.01, by written request setting forth in reasonable detail the action proposed to be taken at the meeting, and the Trustee shall not have mailed the notice of such meeting within 20 days after receipt of such request, then the Company or the Holders of Senior Subordinated Notes in the amount above specified may determine the time and place in The City of New York, New York or elsewhere for such meeting and may call such meeting for the purpose of taking such action, by mailing or causing to be mailed notice thereof as provided in Section 11.0210.02.

Appears in 3 contracts

Samples: Indenture (Delta Financial Corp), Indenture (Delta Financial Corp), Indenture (Delta Financial Corp)

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