Common use of REGULATIONS MAY BE MADE BY TRUSTEE Clause in Contracts

REGULATIONS MAY BE MADE BY TRUSTEE. CONDUCT OF THE MEETING; VOTING RIGHTS. (a) The Trustee may make such reasonable regulations as it may deem advisable for any meeting of Securityholders, to prove the holding of Securities, the appointment of proxies, and other evidence of the right to vote, to fix a record date and to provide for such other matters concerning the conduct of the meeting as it shall deem appropriate. (b) At any meeting each Securityholder or proxy shall be entitled to one vote for each $1,000 principal amount of Securities held by him; provided, however, that the Company shall not be entitled to vote any Securities held of record by it. At any meeting of Securityholders, the presence of persons holding or representing any number of Securities shall be sufficient for a quorum.