Common use of specified Clause in Contracts

specified. The Indenture Trustee shall, by written instrument, appoint a temporary chairman of the meeting, unless the meeting shall have been called by the Indenture Trustee as a result of its receipt of an Issuer's Order or by Bondholders as provided in Section 12.03, in which case the Indenture Trustee or the Bondholders calling the meeting, as the case may be, shall in like manner appoint a temporary chairman. A permanent chairman and permanent secretary of the meeting shall be elected by majority vote (calculated in accordance with the following paragraph) of the Persons present at the meeting and entitled to vote. At any meeting of Holders, each Person entitled to vote at such meeting shall be entitled to vote provided, however, that no vote shall be cast or counted at any meeting in respect of any Bond challenged as not Outstanding and ruled by the chairman of the meeting to be not Outstanding. The chairman of the meeting shall have no right to vote other than by virtue of Bonds held by him or instruments in writing as aforesaid duly designating such chairperson as the proxy to vote on behalf of other Bondholders. Any meeting of Bondholders duly called pursuant to the provisions of Section 12.02 or 12.03 may be adjourned from time to time, and the meeting may be held as so adjourned without further notice. At any meeting of Holders, the presence of Persons holding or representing Bonds of the applicable Class in Voting Rights sufficient to take action upon the business for the transaction of which such meeting was called, shall be necessary to constitute a quorum; but, if less than a quorum be present, the Persons holding or representing Bonds of the applicable Class with Voting Rights of more than 50% of the Voting Rights of all the Bonds of such Class represented at the meeting may adjourn such meeting with the same effect, for all intents and purposes, as though a quorum had been present.

Appears in 1 contract

Samples: Indenture (Collateralized Mortgage Bonds Series 1999 1)

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specified. The Indenture Trustee shall, by written instrumentan instrument in writing, appoint a temporary chairman of the meeting, unless the meeting shall have been called by the Indenture Trustee as a result of its receipt of an Issuer's Order Depositor or by Bondholders as provided in Section 12.0314.03, in which case the Indenture Trustee Depositor or the Bondholders calling the meeting, as the case may be, shall in like manner appoint a temporary chairman. A permanent chairman and a permanent secretary of the meeting shall be elected by majority vote (calculated in accordance with the following paragraph) of the Persons present Holders of a majority in principal amount of the Bonds represented at the meeting and entitled to votemeeting. At any meeting each Holder of Holders, each Person entitled to vote at such meeting Bonds of any Series or any proxy shall be entitled to one vote for each [$1,000] in initial principal amount of Outstanding Bonds held or represented by him; provided, however, that no vote shall be cast or counted at any meeting in respect of the principal amount of any Bond challenged as not Outstanding and ruled by the chairman of the meeting to be not Outstanding. The chairman of the meeting shall have no right to vote other than by virtue of Bonds held by him or by virtue of instruments in writing as aforesaid duly designating such chairperson him as the proxy person to vote on behalf of other Bondholders. Any meeting of Bondholders duly called pursuant to the provisions of Section 12.02 14.02 or 12.03 Section 14.03 may be adjourned from time to time, and the meeting so adjourned may be held as so adjourned without further notice. At any meeting of HoldersBondholders of any or all Series, the presence of Persons holding or representing Outstanding Bonds of the applicable Class Series in Voting Rights an aggregate principal balance sufficient to take action upon on the business for the transaction of which such meeting was called, called shall be necessary to constitute a quorum; , but, if less than a quorum be is present, the Persons holding or representing a majority in aggregate principal balance of the Bonds of the applicable Class with Voting Rights of more than 50% of the Voting Rights of all the Bonds of such Class Series represented at the meeting may adjourn such meeting with the same effect, for all intents and purposes, as though a quorum had been present, and the meeting may be held as so adjourned without further notice.

Appears in 1 contract

Samples: Indenture (Union Planters Home Equity Corp)

specified. The Indenture Trustee shall, by written instrumentan instrument in writing, appoint a temporary chairman of the meeting, unless the meeting shall have been called by the Indenture Trustee as a result of its receipt of an Issuer's Order Depositor or by Bondholders as provided in Section 12.0314.03, in which case the Indenture Trustee Depositor or the Bondholders calling the meeting, as the case may be, shall in like manner appoint a temporary chairman. A permanent chairman and a permanent secretary of the meeting shall be elected by majority vote (calculated in accordance with the following paragraph) of the Persons present Holders of a majority in principal amount of the Bonds represented at the meeting and entitled to votemeeting. At any meeting each Holder of Holders, each Person entitled to vote at such meeting Bonds of any Series or any proxy shall be entitled to one vote for each $1,000 in initial principal amount of Outstanding Bonds held or represented by him; provided, however, that no vote shall be cast or counted at any meeting in respect of the principal amount of any Bond challenged as not Outstanding and ruled by the chairman of the meeting to be not Outstanding. The chairman of the meeting shall have no right to vote other than by virtue of Bonds held by him or by virtue of instruments in writing as aforesaid duly designating such chairperson him as the proxy person to vote on behalf of other Bondholders. Any meeting of Bondholders duly called pursuant to the provisions of Section 12.02 14.02 or 12.03 Section 14.03 may be adjourned from time to time, and the meeting so adjourned may be held as so adjourned without further notice. At any meeting of HoldersBondholders of any or all Series, the presence of Persons holding or representing Outstanding Bonds of the applicable Class Series in Voting Rights an aggregate principal balance sufficient to take action upon on the business for the transaction of which such meeting was called, called shall be necessary to constitute a quorum; , but, if less than a quorum be is present, the Persons holding or representing a majority in aggregate principal balance of the Bonds of the applicable Class with Voting Rights of more than 50% of the Voting Rights of all the Bonds of such Class Series represented at the meeting may adjourn such meeting with the same effect, for all intents and purposes, as though a quorum had been present, and the meeting may be held as so adjourned without further notice.

Appears in 1 contract

Samples: Indenture (Union Planters Mortgage Finance Corp)

specified. The Indenture Trustee shall, by written instrumentan instrument in writing, appoint a temporary chairman of the meeting, unless the meeting shall have been called by the Indenture Trustee as a result of its receipt of an Issuer's Order Company or by Bondholders Securityholders as provided in Section 12.0313.03, in which case the Indenture Trustee Company or the Bondholders Securityholders calling the meeting, as the case may be, shall in like manner appoint a temporary chairman. A permanent chairman and a permanent secretary of the meeting shall be elected by majority vote (calculated in accordance with the following paragraph) of the Persons present meeting. Subject to the provisions of Section 2.08, at the meeting and entitled to vote. At any meeting of Holders, each Person entitled to vote at such meeting Securityholder or proxy shall be entitled to one vote for each $1,000 Principal Amount at Maturity of Securities held or represented by him; provided, however, that no vote shall be cast or counted at any meeting in respect of any Bond Security challenged as not Outstanding outstanding and ruled by the permanent chairman of the meeting to be not Outstandingoutstanding. The Neither a temporary nor a permanent chairman of the meeting shall have no a right to vote other than by virtue of Bonds Securities held by him or instruments in writing as aforesaid duly designating such chairperson him as the proxy person to vote on behalf of other BondholdersSecurityholders. Any meeting of Bondholders Securityholders duly called pursuant to the provisions of Section 12.02 13.02 or 12.03 13.03 may be adjourned from time to time, and the meeting may be held as so adjourned without further notice. At any meeting of HoldersSecurityholders, the presence of Persons persons holding or representing Bonds of the applicable Class Securities in Voting Rights aggregate Principal Amount at Maturity sufficient to take action upon on the business for the transaction of which such meeting was called, called shall be necessary to constitute a quorum; , but, if less than a quorum be is present, the Persons person or persons holding or representing Bonds a majority in Principal Amount at Maturity of the applicable Class with Voting Rights of more than 50% of the Voting Rights of all the Bonds of such Class Securities represented at the meeting may adjourn such meeting with the same effect, effect for all intents and purposes, as though a quorum had been present.

Appears in 1 contract

Samples: Indenture (Manpower Inc /Wi/)

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specified. The Indenture Trustee shall, by written instrument, appoint a temporary chairman of the meeting, unless the meeting shall have been called by the Indenture Trustee as a result of its receipt of an Issuer's Order Issuer or by Bondholders as provided in Section 12.03, in which case the Indenture Trustee Issuer or the Bondholders calling the meeting, as the case may be, shall in like manner appoint a temporary chairman. A permanent chairman and permanent secretary of the meeting shall be elected by majority vote (calculated in accordance with the following paragraph) of the Persons present at the meeting and entitled to vote. At any meeting of Holders, each Person entitled to vote at such meeting shall be entitled to one vote for each Individual Bond of the applicable Class held and/or represented by such Person; provided, however, that no vote shall be cast or counted at any meeting in respect of any Bond challenged as not Outstanding and ruled by the chairman of the meeting to be not Outstanding. The chairman of the meeting shall have no right to vote other than by virtue of Bonds held by him or instruments in writing as aforesaid duly designating such chairperson as the proxy to vote on behalf of other Bondholders. Any meeting of Bondholders duly called pursuant to the provisions of Section 12.02 or 12.03 may be adjourned from time to time, and the meeting may be held as so adjourned without further notice. At any meeting of Holders, the presence of Persons holding or representing Bonds of the applicable Class in Voting Rights sufficient to take action upon the business for the transaction of which such meeting was called, shall be necessary to constitute a quorum; but, if less than a quorum be present, the Persons holding or representing Bonds of the applicable Class with Voting Rights of more than 50% of the Voting Rights of all the Bonds of such Class represented at the meeting may adjourn such meeting with the same effect, for all intents and purposes, as though a quorum had been present.

Appears in 1 contract

Samples: Indenture (Imperial Credit Commercial Mortgage Acceptance Corp)

specified. The Indenture Trustee shall, by written instrumentan instrument in writing, appoint a temporary chairman of the meeting, unless the meeting shall have been called by the Indenture Trustee as a result of its receipt of an Issuer's Order Issuer or by Bondholders as provided in Section 12.0314.03, in which case the Indenture Trustee Issuer or the Bondholders calling the meeting, meeting as the case may be, shall in like manner appoint a temporary chairman. A permanent chairman and a permanent secretary of the meeting shall be elected by majority vote (calculated in accordance with the following paragraph) of the Persons present Holders of a majority in principal amount of the Bonds represented at the meeting and entitled to votemeeting. At any meeting each Holder of Holders, each Person entitled to vote at such meeting Bonds of any or all Series or proxy shall be entitled to one vote for each $1,000 of principal amount of Outstanding Bonds held or represented by him; provided, however, that no vote shall be cast or counted at any meeting in respect of any Bond challenged as not Outstanding and ruled by the chairman of the meeting to be not Outstanding. The chairman of the meeting shall have no right to vote other than by virtue of Bonds held by him or instruments in writing as aforesaid duly designating such chairperson him as the proxy Person to vote on behalf of other Bondholders. Any meeting of Bondholders duly called pursuant to the provisions of Section 12.02 14.02 or 12.03 Section 14.03 may be adjourned from time to time, and the meeting may be held as so adjourned without further notice. At any meeting of HoldersBondholders of any or all Series, the presence of Persons holding or representing Bonds of the applicable Class Series in Voting Rights an aggregate principal amount sufficient to take action upon on the business for the transaction of which such meeting was called, called shall be necessary to constitute a quorum; , but, if less than a quorum be is present, the Persons holding or representing a majority in aggregate principal amount of the Bonds of the applicable Class with Voting Rights of more than 50% of the Voting Rights of all the Bonds of such Class Series represented at the meeting may adjourn such meeting with the same effect, for all intents and purposes, as though a quorum had been present, and the meeting may be held as so adjourned without further notice.

Appears in 1 contract

Samples: Indenture (CRSM Securities Inc)

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