Common use of Right to Convene Meeting Clause in Contracts

Right to Convene Meeting. The Trustee or the Corporation may at any time and from time to time, and the Trustee shall, on receipt of a Written Direction of the Corporation or a written request signed by the holders of not less than 25% of the principal amount of the Debentures then outstanding and upon receiving funding and being indemnified to its reasonable satisfaction by the Corporation or by the Debentureholders signing such request against the costs which may be incurred in connection with the calling and holding of such meeting, convene a meeting of the Debentureholders. In the event of the Trustee failing, within 30 days after receipt of any such request and such funding of indemnity, to give notice convening a meeting, the Corporation or such Debentureholders, as the case may be, may convene such meeting. Every such meeting shall be held in the City of Montréal, Québec or at such other place as may be approved or determined by the Trustee.

Appears in 1 contract

Samples: Indenture

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Right to Convene Meeting. The Trustee or the Corporation may at any time and from time to time, time and the Trustee shall, on receipt of a Written Direction written request of the Corporation Bank or a written request signed by the holders of not less than 25% of the principal amount of the Debentures then outstanding Debentureholders' Request and upon receiving funding and being indemnified to its reasonable satisfaction by the Corporation Bank or by the Debentureholders signing such request Debentureholders' Request against the costs which may be incurred in connection with the calling and holding of such meeting, convene a meeting of the Debentureholders. In the event of the Trustee failing, failing within 30 thirty days after receipt of any such request and such funding of indemnity, indemnity to give notice convening a such meeting, the Corporation Bank or such Debentureholders, as the case may be, may convene such meeting. Every such meeting shall be held in the City city of Montréal, Québec Montreal or in the city of Toronto or at such other place as may be approved or determined by the Trustee.

Appears in 1 contract

Samples: Bank of Montreal /Can/

Right to Convene Meeting. The Trustee or the Corporation may at any time and from time to time, time and the Trustee shall, on receipt of a Written Direction written request of the Corporation Bank or a written request signed by the holders of not less than 25% of the principal amount of the Debentures then outstanding Debentureholders' Request and upon receiving funding and being indemnified to its reasonable satisfaction by the Corporation Bank or by the Debentureholders signing such request Debentureholders' Request against the costs which may be incurred in connection with the calling and holding of such meeting, convene a meeting of the Debentureholders. In the event of the Trustee failing, failing within 30 thirty (30) days after receipt of any such request and such funding of indemnity, indemnity to give notice convening a such meeting, the Corporation Bank or such Debentureholders, as the case may be, may convene such meeting. Every such meeting shall be held in the City city of Montréal, Québec Montreal or in the city of Toronto or at such other place as may be approved or determined by the Trustee.

Appears in 1 contract

Samples: Bank of Montreal /Can/

Right to Convene Meeting. The Trustee or the Corporation may at any time and from time to time, and the Trustee time shall, on receipt of a Written Direction written request of the Corporation or a written request signed by the holders of not less than 25% of the principal amount of the Debentures then outstanding Debentureholders’ Request and upon receiving funding and being indemnified to its reasonable satisfaction by the Corporation or by the Debentureholders signing such request Debentureholders’ Request against the costs which may be incurred in connection with the calling and holding of such meeting, convene a meeting of the Debentureholders. In the event of the Trustee failing, failing within 30 days after receipt of any such request and such funding of indemnity, indemnity to give notice convening a such meeting, the Corporation or such Debentureholders, as the case may be, may convene such meeting. Every such meeting shall be held in the City of MontréalMontreal, Québec Province of Quebec, or at such other place as may be approved or determined by the Trustee.

Appears in 1 contract

Samples: Bce Inc

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Right to Convene Meeting. The Trustee or the Corporation may at any time and from time to time, time and the Trustee shall, on receipt of a Written Direction written request of the Corporation Bank or a written request signed by the holders of not less than 25% of the principal amount of the Debentures then outstanding Debentureholders' Request and upon receiving funding and being indemnified to its reasonable satisfaction by the Corporation Bank or by the Debentureholders signing such request Debentureholders' Request against the costs which may be incurred in connection with the calling and holding of such meeting, convene a meeting of the Debentureholders. In the event of the Trustee failing, failing within 30 thirty (30) days after receipt of any such request and such funding of indemnity, indemnity to give notice convening a such meeting, the Corporation Bank or such Debentureholders, as the case may be, may convene such meeting. Every such meeting shall be held in the City of Montréal, Québec Montreal or in the City of Toronto or at such other place as may be approved or determined by the Trustee.

Appears in 1 contract

Samples: Bank of Montreal /Can/

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