Common use of Ordinary Holders Meeting Clause in Contracts

Ordinary Holders Meeting. (i) In order for an Ordinary Holders Meeting to be validly installed by virtue of the first call, Holders representing more than 50% (fifty percent) of the total outstanding CBFIs shall be present at the meeting; provided, that if such quorum is not met and the meeting is held by virtue of a second call or further calls, the meeting shall be validly installed with any such Holders that are present at the meeting. Each resolution of an Ordinary Holders Meeting shall be adopted by the favorable vote of the majority of Holders represented in such Ordinary Holders Meeting, who are entitled to vote with respect to the corresponding resolution.