Common use of Resolutions passed at Bondholders’ Meetings Clause in Contracts

Resolutions passed at Bondholders’ Meetings. 5.3.1. At the Bondholders’ Meeting each Bondholder may cast one vote for each Voting Bond owned at close of business on the day prior to the date of the Bondholders’ Meeting in accordance with the records registered in the Securities Register. Whoever opens the Bondholders’ Meeting shall adjudicate any question concerning which Bonds shall count as Issuer’s Bonds. Issuer’s Bonds have no voting rights. 5.3.2. In all matters to be dealt with at the Bondholders’ Meeting, the Issuer, the Bond Trustee and any Bondholder have the right to demand vote by ballot. In case of parity of votes, the chairman shall have the deciding vote, regardless of the chairman being a Bondholder or not. 5.3.3. In order to form a quorum, at least half (1/2) of the Voting Bonds must be represented at the meeting, see however Clause 5.