Common use of Votes Clause in Contracts

Votes. Every Voter shall have: (a) on a show of hands, one vote; and (b) on a poll, the number of votes obtained by dividing that fraction of the aggregate principal amount of the outstanding Note(s) represented or held by such Holder by the lowest denomination of the Notes. In the case of a voting tie the Chairman shall have a casting vote, provided that the Chairman is a Holder. If the Chairman is not a Holder, matters shall not be deemed approved in the event of a tie. Unless the terms of any Block Voting Instruction state otherwise, a Voter shall not be obliged to exercise all the votes to which such Voter is entitled or to cast all the votes which such Voter exercises in the same way.