Common use of specified Clause in Contracts

specified. The Trustee shall, by an instrument in writing, appoint a temporary chairman of the meeting, unless the meeting shall have been called by the Depositor or by Bondholders as provided in Section 14.03, in which case the 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 vote of the Holders of a majority in principal amount of the Bonds represented at the meeting. At any meeting each Holder of 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 him as the person to vote on behalf of other Bondholders. Any meeting of Bondholders duly called pursuant to the provisions of Section 14.02 or Section 14.03 may be adjourned from time to time, and the meeting so adjourned may be held without further notice. At any meeting of Bondholders of any or all Series, the presence of Persons holding or representing Outstanding Bonds of the applicable Series in an aggregate principal balance sufficient to take action on the business for the transaction of which such meeting was called shall constitute a quorum, but, if less than a quorum is present, the Persons holding or representing a majority in aggregate principal balance of the Bonds of the applicable 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)

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specified. The Indenture Trustee shall, by an instrument in writingwritten instrument, appoint a temporary chairman of the meeting, unless the meeting shall have been called by the Depositor Issuer or by Bondholders as provided in Section 14.0312.03, in which case the Depositor Issuer 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 Holders of a majority in principal amount of the Bonds represented Persons present at the meetingmeeting and entitled to vote. At any meeting of Holders, each Holder of Bonds of any Series or any proxy Person entitled to vote at such meeting shall be entitled to one vote for each $1,000 in initial principal amount Individual Bond of Outstanding Bonds the applicable Class held or and/or represented by himsuch Person; 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 him such chairperson as the person proxy to vote on behalf of other Bondholders. Any meeting of Bondholders duly called pursuant to the provisions of Section 14.02 12.02 or Section 14.03 12.03 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 Bondholders of any or all SeriesHolders, the presence of Persons holding or representing Outstanding Bonds of the applicable Series Class in an aggregate principal balance Voting Rights sufficient to take action on upon 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 is be present, the Persons holding or representing a majority in aggregate principal balance of the Bonds of the applicable Series 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, and the meeting may be held as so adjourned without further notice.

Appears in 1 contract

Samples: Imperial Credit Commercial Mortgage Acceptance Corp

specified. The Trustee shall, by an instrument in writing, appoint a temporary chairman of the meeting, unless the meeting shall have been called by the Depositor Issuer or by Bondholders as provided in Section 14.03, in which case the Depositor 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 vote of the Holders of a majority in principal amount of the Bonds represented at the meeting. At any meeting each Holder of Bonds of any or all Series or any proxy shall be entitled to one vote for each $1,000 in initial 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 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 him as the person Person to vote on behalf of other Bondholders. Any meeting of Bondholders duly called pursuant to the provisions of Section 14.02 or 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 Bondholders of any or all Series, the presence of Persons holding or representing Outstanding Bonds of the applicable Series in an aggregate principal balance amount sufficient to take action on the business for the transaction of which such meeting was called shall constitute a quorum, but, if less than a quorum is present, the Persons holding or representing a majority in aggregate principal balance amount of the Bonds of the applicable 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: CRSM Securities Inc

specified. The Trustee shall, by an instrument in writing, appoint a temporary chairman of the meeting, unless the meeting shall have been called by the Depositor Company or by Bondholders Securityholders as provided in Section 14.0313.03, in which case the Depositor 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 of the Holders of a majority in principal amount of the Bonds represented at the meeting. At Subject to the provisions of Section 2.08, at any meeting each Holder of Bonds of any Series Securityholder or any proxy shall be entitled to one vote for each $1,000 in initial principal amount Principal Amount at Maturity of Outstanding Bonds Securities 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 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 by virtue of instruments in writing as aforesaid duly designating him as the person to vote on behalf of other BondholdersSecurityholders. Any meeting of Bondholders Securityholders duly called pursuant to the provisions of Section 14.02 13.02 or Section 14.03 13.03 may be adjourned from time to time, and the meeting so adjourned may be held so adjourned without further notice. At any meeting of Bondholders of any or all SeriesSecurityholders, the presence of Persons persons holding or representing Outstanding Bonds of the applicable Series Securities in an aggregate principal balance Principal Amount at Maturity sufficient to take action on the business for the transaction of which such meeting was called shall constitute a quorum, but, if less than a quorum is present, the Persons person or persons holding or representing a majority in aggregate principal balance Principal Amount at Maturity of the Bonds of the applicable Series 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, and the meeting may be held as so adjourned without further notice.

Appears in 1 contract

Samples: Indenture (Manpower Inc /Wi/)

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specified. The Trustee shall, by an instrument in writing, appoint a temporary chairman of the meeting, unless the meeting shall have been called by the Depositor or by Bondholders as provided in Section 14.03, in which case the 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 vote of the Holders of a majority in principal amount of the Bonds represented at the meeting. At any meeting each Holder of Bonds of any Series or any proxy shall be entitled to one vote for each [$1,000 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 him as the person to vote on behalf of other Bondholders. Any meeting of Bondholders duly called pursuant to the provisions of Section 14.02 or Section 14.03 may be adjourned from time to time, and the meeting so adjourned may be held without further notice. At any meeting of Bondholders of any or all Series, the presence of Persons holding or representing Outstanding Bonds of the applicable Series in an aggregate principal balance sufficient to take action on the business for the transaction of which such meeting was called shall constitute a quorum, but, if less than a quorum is present, the Persons holding or representing a majority in aggregate principal balance of the Bonds of the applicable 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: Union Planters Home Equity Corp

specified. The Indenture Trustee shall, by an instrument in writingwritten instrument, appoint a temporary chairman of the meeting, unless the meeting shall have been called by the Depositor Indenture Trustee as a result of its receipt of an Issuer's Order or by Bondholders as provided in Section 14.0312.03, in which case the Depositor 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 a permanent secretary of the meeting shall be elected by majority vote (calculated in accordance with the following paragraph) of the Holders of a majority in principal amount of the Bonds represented Persons present at the meetingmeeting and entitled to vote. At any meeting of Holders, each Holder of Bonds of any Series or any proxy Person entitled to vote at such meeting 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 him such chairperson as the person proxy to vote on behalf of other Bondholders. Any meeting of Bondholders duly called pursuant to the provisions of Section 14.02 12.02 or Section 14.03 12.03 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 Bondholders of any or all SeriesHolders, the presence of Persons holding or representing Outstanding Bonds of the applicable Series Class in an aggregate principal balance Voting Rights sufficient to take action on upon 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 is be present, the Persons holding or representing a majority in aggregate principal balance of the Bonds of the applicable Series 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, and the meeting may be held as so adjourned without further notice.

Appears in 1 contract

Samples: Indenture (Collateralized Mortgage Bonds Series 1999 1)

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