Common use of Convening a meeting Clause in Contracts

Convening a meeting. 1.1 The directors may at any time and shall, upon a request in writing signed by a Noteholder or Noteholders holding in aggregate not less than 10% in principal amount of the Loan Notes at the relevant time outstanding, convene a meeting of the Noteholders. 1.2 A Noteholders' meeting shall be called by at least 14 clear days' notice. The notice shall specify the place, the day and the time of the meeting and the general nature of the business to be transacted but, except in the case of a resolution to be proposed as a Special Resolution, it shall not be necessary to specify the terms of any resolutions to be proposed. Subject to the provisions of this Instrument, notices shall be given to all Noteholders (including in the case of a bankrupt or deceased Noteholder to all persons entitled to Loan Notes in consequence of the death or bankruptcy of a Noteholder), to the directors and to the auditors of the Company. The accidental omission to give notice of a meeting to, or the non-receipt of notice of a meeting by, any person entitled to receive it shall not invalidate the proceedings at the relevant meeting.