MATERIAL PREJUDICE. If, in connection with the exercise of its powers and discretions the Common Representative is of the opinion that the interests of the holders of Covered Bonds of any one or more Series would be materially prejudiced thereby, the Common Representative shall not exercise such powers and discretions without the approval of such holders of Covered Bonds by a Resolution or by a Written Resolution.
Appears in 2 contracts
Samples: Common Representative Appointment Agreement, Common Representative Appointment Agreement
MATERIAL PREJUDICE. If, in connection with the exercise of its powers and discretions the Common Representative is of the opinion that the interests of the holders of Covered Bonds of any one or more Series would be materially prejudiced thereby, the Common Representative shall not exercise such powers and discretions without the approval of such holders of Covered Bonds by a Resolution or by a Written Resolution.;
Appears in 2 contracts
Samples: Common Representative Appointment Agreement, Common Representative Appointment Agreement
MATERIAL PREJUDICE. If, in connection with the exercise of its powers and discretions the Common Representative is of the opinion that the interests of the holders of Covered Bonds of any one or more Series would be materially prejudiced thereby, the Common Representative shall not exercise such powers and discretions without the approval of such holders of Covered Bonds by a Resolution or by means of a Written Resolution.;
Appears in 1 contract
