Examples of Procedure in Writing in a sentence
Euroclear Finland and the Issuer Agent must be notified of a Noteholders’ Meeting or a Procedure in Writing in accordance with the rules of Euroclear Finland.
For the sake of clarity, any resolution at a Noteholders’ Meeting or in a Procedure in Writing, which extends or increases the obligations of the Issuer, or limits, reduces or extinguishes the rights or benefits of the Issuer, shall be subject to the consent of the Issuer.
Furthermore, the notice or the initiation shall specify the time, place and agenda of the Noteholders’ Meeting or the last day and address for replies in the Procedure in Writing (or if the voting is to be made electronically, instructions for such voting) as well as any action required on the part of a Noteholder to attend the Noteholders’ Meeting or to participate in the Procedure in Writing.
The Noteholders’ Meeting and the Procedure in Writing can authorise a named person to take necessary action to enforce the decisions of the Noteholders’ Meeting or of the Procedure in Writing.
The consents can be given at a Noteholders’ Meeting, in the Procedure in Writing or by other verifiable means.
Correspondingly, if by the last day to reply in the Procedure in Writing no quorum is reached, the time for replies may be extended as determined by the Issuer.
The Issuer and any companies belonging to its Group shall not hold voting rights at the Noteholders’ Meeting or in the Procedure in Writing.
Improving access to finance has been the government’s priority for some time now.
In addition, Noteholders are obliged to notify subsequent transferees of the Notes of the resolutions of the Noteholders’ Meeting or the Procedure in Writing.
The text then continues, in Philip Yampolsky’s translation:The Master said: “You ten disciples, when later you transmit the Dharma, hand down the teaching of the one scroll of the Platform Sutra; then you will not loose the basic teaching.