Common use of Meetings of the Holders of Trust Securities; Action by Written Consent Clause in Contracts

Meetings of the Holders of Trust Securities; Action by Written Consent. (a) Meetings of the Holders of any class of Trust Securities may be called at any time by the Regular Trustees (or as provided in the terms of the Trust Securities) to consider and act on any matter on which Holders of such class of Trust Securities are entitled to act under the terms of this Agreement, the terms of the Trust Securities, the LLC Agreement, the rules of any stock exchange on which the Trust Preferred Securities are listed or admitted for trading the Delaware Statutory Trust Act or other applicable law. The Regular Trustees shall call a meeting of the Holders of such class if directed to do so by the Holders of at least 10% in Liquidation Preference Amount or liquidation amount, as applicable, of such class of Trust Securities. Such direction shall be given by delivering to the Regular Trustees one or more notices in a writing stating that the signing Holders of the Trust Securities wish to call a meeting and indicating the general or specific purpose for which the meeting is to be called. Any Holders of the Trust Securities calling a meeting shall specify in writing the Certificates held by the Holders of the Trust Securities exercising the right to call a meeting and only those Trust Securities specified shall be counted for purposes of determining whether the required percentage set forth in the second sentence of this paragraph has been met.

Appears in 8 contracts

Samples: Trust Agreement (Deutsche Bank Contingent Capital LLC V), Trust Agreement (Deutsche Bank Aktiengesellschaft), Trust Agreement (Deutsche Bank Capital Funding Trust XII)

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Meetings of the Holders of Trust Securities; Action by Written Consent. (a) Meetings of the Holders of any class of Trust Securities may be called at any time by the Regular Trustees (or as provided in the terms of the Trust Securities) to consider and act on any matter on which Holders of such class of Trust Securities are entitled to act under the terms of this Trust Agreement, the terms of the Trust Securities, the LLC Agreement, the rules of any stock exchange on which the Trust Preferred Securities are listed or admitted for trading trading, the Delaware Statutory Trust Act or other applicable law. The Regular Trustees shall call a meeting of the Holders of such class if directed to do so by the Holders of at least 10% in Liquidation Preference Amount or liquidation amount, as applicable, amount of such class of Trust Securities. Such direction shall be given by delivering to the Regular Trustees one or more notices requests in a writing stating that the signing Holders of the Trust Securities wish to call a meeting and indicating the general or specific purpose for which the meeting is to be called. Any Holders of the Trust Securities calling a meeting shall specify in writing the Certificates held by the Holders of the Trust Securities exercising the right to call a meeting and only those Trust Securities specified shall be counted for purposes of determining whether the required percentage set forth in the second sentence of this paragraph has been met.

Appears in 2 contracts

Samples: Trust Agreement (Abn Amro Holding N V), Trust Agreement (Abn Amro Bank Nv)

Meetings of the Holders of Trust Securities; Action by Written Consent. (a) Meetings of the Holders of any class of Trust Securities may be called at any time by the Regular Trustees (or as provided in the terms of the this Trust SecuritiesAgreement) to consider and act on any matter on which Holders of such class of Trust Securities are entitled to act under the terms of this Trust Agreement, the terms of the Trust Securities, the LLC Partnership Agreement, the rules of any stock exchange on which the Trust Preferred Securities are listed or admitted for trading trading, the Delaware Statutory Business Trust Act or other applicable law. The Regular Trustees shall call a meeting of the Holders of such class Trust Securities if directed to do so by the Holders of at least 10% in Liquidation Preference Amount or liquidation amount, as applicable, amount of such class of the Trust Securities. Such direction shall be given by delivering to the Regular Trustees one or more notices calls in a writing stating that the signing Holders of the Trust Securities wish to call a meeting and indicating the general or specific purpose for which the meeting is to be called. Any Holders of the Trust Securities calling a meeting shall specify in writing the Certificates certificates held by the Holders of the Trust Securities exercising the right to call a meeting and only those Trust Securities specified shall be counted for purposes of determining whether the required percentage set forth in the second sentence of this paragraph has been met.

Appears in 2 contracts

Samples: Trust Agreement (Penelec Capital Trust), Trust Agreement (Met Ed Capital Trust)

Meetings of the Holders of Trust Securities; Action by Written Consent. (a) Meetings of the Holders of any class of Trust Securities may be called at any time by the Regular Trustees (or as provided in the terms of the Trust Securities) to consider and act on any matter on which Holders of such class of Trust Securities are entitled to act under the terms of this AgreementDeclaration, the terms of the Trust Securities, the LLC Agreement, Securities or the rules of any stock exchange exchange, the Nasdaq Stock Market's National Market or other organization on which the Trust Preferred Securities are listed or admitted for trading the Delaware Statutory Trust Act or other applicable lawtrading. The Regular Trustees shall call a meeting of the Holders of such class if directed to do so by the Holders of at least 10% in Liquidation Preference Amount or liquidation amount, as applicable, amount of such class of Trust Securities. Such direction shall be given by delivering to the Regular Trustees one or more notices calls in a writing stating that the signing Holders of the Trust Securities wish to call a meeting and indicating the general or specific purpose for which the meeting is to be called. Any Holders of the Trust Securities calling a meeting shall specify in writing the Certificates held by the Holders of the Trust Securities exercising the right to call a meeting and only those Trust Securities specified shall be counted for purposes of determining whether the required percentage set forth in the second sentence of this paragraph has been met.

Appears in 1 contract

Samples: Guarantee Agreement (NVP Capital Iii)

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Meetings of the Holders of Trust Securities; Action by Written Consent. (a) Meetings of the Holders of any class of Trust Securities may be called at any time by the Regular Trustees (or as provided in the terms of the Trust Securities) to consider and act on any matter on which Holders of such class of Trust Securities are entitled to act under the terms of this Trust Agreement, the terms of the Trust Securities, the LLC Company Securities Rights Agreement, the rules of any stock exchange on which the Trust Preferred Securities are listed or admitted for trading trading, the Delaware Statutory Trust Act or other applicable law. The Regular Trustees shall call a meeting of the Holders of such class if directed to do so by the Holders of at least 10% in Liquidation Preference Amount or liquidation amount, as applicable, amount of such class of Trust Securities. Such direction shall be given by delivering to the Regular Trustees one or more notices requests in a writing stating that the signing Holders of the Trust Securities wish to call a meeting and indicating the general or specific purpose for which the meeting is to be called. Any Holders of the Trust Securities calling a meeting shall specify in writing the Certificates held by the Holders of the Trust Securities exercising the right to call a meeting and only those Trust Securities specified shall be counted for purposes of determining whether the required percentage set forth in the second sentence of this paragraph has been met.

Appears in 1 contract

Samples: Trust Agreement (Abn Amro Bank Nv)

Meetings of the Holders of Trust Securities; Action by Written Consent. (a) Meetings of the Holders of any class of Trust Securities may be called at any time by the Regular Trustees (or as provided in the terms of the this Trust SecuritiesAgreement) to consider and act on any matter on which Holders of such class of Trust Securities are entitled to act under the terms of this Trust Agreement, the terms of the Trust Securities, the LLC Partnership Agreement, the 46 rules of any stock exchange on which the Trust Preferred Securities are listed or admitted for trading trading, the Delaware Statutory Business Trust Act or other applicable law. The Regular Trustees shall call a meeting of the Holders of such class Trust Securities if directed to do so by the Holders of at least 10% in Liquidation Preference Amount or liquidation amount, as applicable, amount of such class of the Trust Securities. Such direction shall be given by delivering to the Regular Trustees one or more notices calls in a writing stating that the signing Holders of the Trust Securities wish to call a meeting and indicating the general or specific purpose for which the meeting is to be called. Any Holders of the Trust Securities calling a meeting shall specify in writing the Certificates certificates held by the Holders of the Trust Securities exercising the right to call a meeting and only those Trust Securities specified shall be counted for purposes of determining whether the required percentage set forth in the second sentence of this paragraph has been met.

Appears in 1 contract

Samples: Trust Agreement (Pennsylvania Electric Co)

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