Common use of Right to Convene Meeting Clause in Contracts

Right to Convene Meeting. The Debenture Trustee or the Trust may at any time and from time to time, and the Debenture Trustee shall, on receipt of a written request of the Trust 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 Trust 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 Debenture Trustee failing, within 30 days after receipt of any such request and such funding of indemnity, to give notice convening a meeting, the Trust or such Debentureholders, as the case may be, may convene such meeting. Every such meeting shall be held in the City of Calgary or at such other place as may be approved or determined by the Debenture Trustee.

Appears in 5 contracts

Samples: Trust Indenture (Pengrowth Energy Trust), Trust Indenture (Penn West Energy Trust), Trust Indenture (Penn West Energy Trust)

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Right to Convene Meeting. The Debenture Trustee or the Trust Corporation may at any time and from time to time, and the Debenture Trustee shall, on receipt of a written request of the Trust 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 Trust 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 Debenture Trustee failing, within 30 days after receipt of any such request and such funding of indemnity, to give notice convening a meeting, the Trust Corporation or such Debentureholders, as the case may be, may convene such meeting. Every such meeting shall be held in the City city of Calgary or at such other place as may be approved or determined by the Corporation and the Debenture Trustee. In connection with any meeting of Debentureholders, the Corporation shall comply with applicable law including, if applicable, National Instrument 54-101 — Communication with Beneficial Owners of Securities of a Reporting Issuer.

Appears in 3 contracts

Samples: Convertible Debenture Indenture (Transglobe Energy Corp), Convertible Debenture Indenture (Transglobe Energy Corp), Convertible Secured Debenture Indenture

Right to Convene Meeting. The Debenture Trustee or the Trust may at any time and from time to time, and the Debenture Trustee shall, on receipt of a written request of the Trust 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 Trust 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 Debenture Trustee failing, within 30 days after receipt of any such request and such funding of or indemnity, to give notice convening a meeting, the Trust or such Debentureholders, as the case may be, may convene such meeting. Every such meeting shall be held in the City of Calgary or at such other place as may be approved or determined by the Debenture Trustee.

Appears in 2 contracts

Samples: Trust Indenture (Canetic Resources Trust), Trust Indenture (Penn West Energy Trust)

Right to Convene Meeting. The Debenture Indenture Trustee or the Trust Corporation may at any time and from time to time, and the Debenture Indenture Trustee shall, on receipt of a written request of the Trust 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 Trust 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 Debenture Indenture Trustee failing, failing within 30 days after receipt of any such request and such funding of indemnity, indemnity to give notice convening a meeting, the Trust Corporation or such Debentureholders, as the case may be, may convene such meeting. Every such meeting shall be held in the City of Calgary Halifax or at such other place as may be approved or determined by the Debenture Indenture Trustee.

Appears in 1 contract

Samples: Trust Indenture

Right to Convene Meeting. The Debenture Trustee or the Trust Friday Night may at any time and from time to time, and the Debenture Trustee shall, on receipt of a written request of the Trust Friday Night 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 Trust Friday Night 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 Debenture Trustee failing, within 30 days after receipt of any such request and such funding of indemnity, to give notice convening a meeting, the Trust Friday Night or such Debentureholders, as the case may be, may convene such meeting. Every such meeting shall be held in the City of Calgary Vancouver, British Columbia or at such other place as may be approved or determined by the Debenture Trustee.

Appears in 1 contract

Samples: Trust Indenture

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Right to Convene Meeting. The Debenture Trustee or the Trust Corporation may at any time and from time to time, and the Debenture Trustee shall, on receipt of a written request of the Trust 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 Trust 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 Debenture Trustee failing, within 30 days after receipt of any such request and such funding of indemnity, to give notice convening a meeting, the Trust Corporation or such Debentureholders, as the case may be, may convene such meeting. Every such meeting shall be held in the City of Calgary or at such other place as may be approved or determined by the Debenture Trustee.

Appears in 1 contract

Samples: Indenture (PENGROWTH ENERGY Corp)

Right to Convene Meeting. The Debenture Trustee or the Trust Company may at any time and from time to time, and the Debenture Trustee shall, on receipt of a written request of the Trust Company 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 Trust Company 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 Debenture Trustee failing, within 30 days after receipt of any such request and such funding of and indemnity, to give notice convening a meeting, the Trust Company or such Debentureholders, as the case may be, may convene such meeting. Every such meeting shall be held in the City of Calgary Vancouver or at such other place as may be approved or determined by the Debenture Trustee.

Appears in 1 contract

Samples: Trust Indenture (Timberwest Forest Corp)

Right to Convene Meeting. The Debenture Trustee or the Trust Corporation may at any time time, and from time to time, ; and the Debenture Trustee shallmust, on receipt of a written request of the Trust 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 Trust 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 Debenture Trustee failing, within 30 days after receipt of any such request and such funding of indemnity, to give notice convening a meeting, the Trust Corporation or such Debentureholders, as the case may be, may convene such meeting. Every such meeting shall must be held in the City of Calgary Montréal or at such other place as may be approved or determined by the Debenture Trustee.

Appears in 1 contract

Samples: Trust Indenture (Boralex Inc.)

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