Common use of Meetings of Preferred Securityholders Clause in Contracts

Meetings of Preferred Securityholders. No annual meeting of Securityholders is required to be held. The Administrative Trustees, however, shall call a meeting of Securityholders to vote on any matter upon the written request of the Preferred Securityholders of record of 25% in aggregate Liquidation Amount of the Preferred Securities (based upon their Liquidation Amount) and the Administrative Trustees or the Property Trustee may, at any time in their

Appears in 1 contract

Samples: Trust Agreement (Associates First Capital Iii)

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Meetings of Preferred Securityholders. No annual meeting of Securityholders is required to be held. The Administrative Trustees, however, shall call a meeting of Securityholders to vote on any matter in respect of which Preferred Securityholders are entitled to vote upon the written request of the Preferred Securityholders of record of 25% in aggregate Liquidation Amount of the Outstanding Preferred Securities (based upon their aggregate Liquidation Amount) and the Administrative Trustees or the Property Trustee may, at any time in theirtheir discretion, call a meeting of Preferred Securityholders to vote on any matters as to which the Preferred Securityholders are entitled to vote.

Appears in 1 contract

Samples: Trust Agreement (Ifc Capital Trust Ii)

Meetings of Preferred Securityholders. No annual meeting of Securityholders is required to be held. The Administrative Regular Trustees, however, shall call a meeting of Securityholders to vote on any matter upon the written request of the Preferred Securityholders of record of 25% in aggregate Liquidation Amount of the Preferred Securities (based upon their Liquidation Amount) and the Administrative Regular Trustees or the Property Trustee may, at any time in theirtheir discretion, call a meeting

Appears in 1 contract

Samples: Trust Agreement (CMS Energy Trust Ii)

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Meetings of Preferred Securityholders. No annual meeting of Securityholders is required to be held. The Administrative Trustees, however, shall call a meeting of Preferred Securityholders to vote on any matter upon the written request of the Preferred Securityholders Holders of record of 25% in aggregate Liquidation Amount of the Outstanding Preferred Securities (based upon their Liquidation Amount) and the Administrative Trustees or the Property Trustee may, at any time in theirtheir discretion, call a meeting of Preferred Securityholders to vote on any matters as to which Preferred Securityholders are entitled to vote.

Appears in 1 contract

Samples: Trust Agreement (Cfac Capital I)

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