Examples of Reserve Matter in a sentence
Any Modification constituting or including a Reserve Matter Modification to the terms and conditions of the Securities of a single series, or to this Agreement insofar as it affects the Securities of a single series, may be made, and future compliance therewith may be waived, with the written consent of the Issuer and the affirmative vote or consent of holders of more than 75% of the aggregate principal amount of the outstanding Securities of that series.
For consent solicitations relating to Reserve Matter Modifications, the solicitation shall also include any information required to be provided by the Issuer pursuant to subsection (k).
Any Single Series Reserve Matter Modification may be made, and future compliance therewith may be waived, with the written consent of the Province and the affirmative vote or consent of Holders of more than 75% of the aggregate principal amount of the Outstanding Debt Securities of that Series.
In response to a question, it was explained that all ten shareholders had to be in agreement to approve addition staffing resources, under the agreed Special Reserve Matter process.
The exact scale of the CIL liability is calculated at the time of the Reserve Matter permission.