Common use of Resolutions in Writing Clause in Contracts

Resolutions in Writing. A resolution in writing signed by the holders of at least 95 percent, in nominal amount of the Notes for the time being outstanding who are for the time being entitled to receive notice of meetings in accordance with the provisions herein contained shall for all purposes be as valid and effectual as an Extraordinary Resolution. Such resolution in writing may be contained in one document or in several documents in like form each signed by one or more of the Noteholders.

Appears in 2 contracts

Samples: Convertible Loan Notes Agreement (Fuel Tech, Inc.), Convertible Loan Notes Agreement (Fuel Tech, Inc.)

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Resolutions in Writing. A resolution in writing signed by the holders of at least 95 percent, not less than seventy-five per cent in nominal amount of the Notes for the time being outstanding who are for the time being entitled to receive notice of meetings in accordance with the provisions herein contained shall for all purposes be as valid and effectual as an Extraordinary Resolution. Such resolution in writing may be contained in one document or in several documents in like similar form each signed by one or more of the Noteholders.

Appears in 1 contract

Samples: Loan Note Instrument (Nextera Enterprises Inc)

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Resolutions in Writing. 20.1 A resolution in writing signed by or on behalf of the holders of at least 95 percent, not less than three-quarters in nominal amount of the Notes then in issue (other than Notes held by or for the time being outstanding who are for account of the time being entitled to receive notice of meetings Issuer) shall have effect in accordance with the provisions herein contained shall for all purposes be as valid and effectual same manner as an Extraordinary ResolutionResolution of Noteholders duly passed at a meeting duly convened and held. Such resolution in writing may be contained in one document or in several documents in like form form, each signed by one or more of the Noteholders.

Appears in 1 contract

Samples: Convertible Notes Agreement

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