Meetings of Holders. (a) No annual meeting of Holders is required to be held. The Property Trustee, however, shall call a meeting of Holders to vote on any matter upon the written request of the Holders of record of 25% of the aggregate Liquidation Amount of the Preferred Securities and the Administrators or the Property Trustee may, at any time in their discretion, call a meeting of Holders of Preferred Securities to vote on any matters as to which Holders are entitled to vote.
Appears in 7 contracts
Samples: Trust Agreement (American Safety Insurance Group LTD), Trust Agreement (Mariner Capital Trust), Trust Agreement (Sman Capital Trust 1)
Meetings of Holders. (a) No annual meeting of Holders is required to be held. The Property Trustee, however, shall call a meeting of Holders to vote on any matter upon the written request of the Holders of record of 25% of the aggregate Liquidation Amount of the Preferred Capital Securities and the Administrators or the Property Trustee may, at any time in their discretion, call a meeting of Holders of Preferred Capital Securities to vote on any matters as to which Holders are entitled to vote.
Appears in 5 contracts
Samples: Trust Agreement (S&t Bancorp Inc), Trust Agreement (S&t Bancorp Inc), Trust Agreement (M&t Bank Corp)
Meetings of Holders. (a) No annual meeting of Holders is required to be held. The Property Trustee, however, shall call a meeting of Holders to vote on any matter upon the written request of the Holders of record of 25% or more of the aggregate Liquidation Amount of the Preferred Securities and the Administrators or the Property Trustee may, at any time in their discretion, call a meeting of Holders of Preferred Securities to vote on any matters as to which Holders are entitled to vote.
Appears in 3 contracts
Samples: Trust Agreement (Allegiant Capital Trust I), Trust Agreement (Allegiant Bancorp Inc), Trust Agreement (Allegiant Capital Trust Ii)
Meetings of Holders. (a) No annual meeting of Holders is required to be held. The Property TrusteeAdministrative Trustees, however, shall call a meeting of Holders to vote on any matter upon the written request of the Holders holding of record of 25% of the aggregate Liquidation Amount of the Outstanding Preferred Securities (based upon their Liquidation Amount) and the Administrators Administrative Trustees or the Property Trustee may, at any time in their discretion, call a meeting of Holders of Preferred Securities to vote on any matters as to which Holders are entitled to vote.
Appears in 2 contracts
Samples: Trust Agreement (Caremark Rx Inc), Trust Agreement (Gentiva Health Services Inc)
Meetings of Holders. (a) No annual meeting of Holders is required to be held. The Property Trustee, however, shall call a meeting of Holders to vote on any matter upon the written request of the Holders of record of 25% of the aggregate Liquidation Amount of the Outstanding Preferred Securities and the Administrators or the Property Trustee may, at any time in their discretion, call a meeting of Holders of Preferred Securities to vote on any matters as to which Holders are entitled to vote.
Appears in 1 contract
Meetings of Holders. (a) No annual meeting of Holders is required to be held. The Property Trustee, however, shall call a meeting of Holders to vote on any matter upon the written request of the Holders of record of 25% of the aggregate Liquidation Amount of the Preferred Securities and the Administrators or the Property Trustee may, at any time in their discretion, call a meeting of Holders of Preferred Securities to vote on any matters as to which Holders are entitled to vote.. Holders of at least a Majority in Liquidation Amount of the Preferred Securities, present in person or represented by proxy, shall constitute a quorum at any meeting of Holders of the
Appears in 1 contract
Samples: Gold Banc Corp Inc
