Special Quorum Resolution definition

Special Quorum Resolution means, the business of the meeting includes consideration of proposals, inter alia, to:• amend Maturity Date or Interest Payment Date on the Bonds;• reduce or cancel the principal amount of the Bonds;• reduce the interest rate in respect of the Bonds or to vary the method or basis of calculating the interest rate or interest amount in respect of the Bonds;• vary the currency or currencies of payment of principal or interest on the Bonds;• modify the provisions concerning the quorum required at any meeting of Bondholders or the majority required to pass the Extraordinary Resolution;• make any change in the ranking or priority of the Bonds that would materially adversely affect the Bondholders; or• amend this provision.
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Special Quorum Resolution means an Extraordinary Resolution for the purpose sanctioning any modification to the Trust Deed which would have the effect of (a) altering the Security, the Secured Property, the Maturity Date, any Interest Payment Dates, the basis for determination of Interest, Currency, or Events of Default in respect of the Notes; (b) reducing the outstanding Principal Amount or any premium payable on the Notes; or (c) modifying this definition or any provisions of Part VI of the Programme Deed concerning the quorum required at a Meeting or the majority required to pass an Extraordinary Resolution.
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Special Quorum Resolution means, the business of the meeting includes consideration of proposals, inter alia, to:
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Examples of Special Quorum Resolution in a sentence

  • The Notes provide that the Trustee may, without the consent of Noteholders, agree to (i) formal, minor or technical modifications of the Notes or any modification to correct a manifest error or to comply with mandatory provisions of law, where a Special Quorum Resolution is not required, that is not materially prejudicial to the Noteholders’ interests or (ii) the substitution of another company as principal debtor under any Notes in place of the Issuer.

  • The Notes provide that the Trustee may, without the consent of Noteholders, agree to (i) formal, minor or technical modifications of the Notes or any modification to correct a manifest error or, where a Special Quorum Resolution is not required, that is not materially prejudicial to the Noteholders’ interests or (ii) the substitution of another company as principal debtor under any Notes in place of the Issuer.


More Definitions of Special Quorum Resolution

Special Quorum Resolution means an Extraordinary Resolution for the purpose sanctioning any modification to the Trust Deed which would have the effect of (a) altering the Security, the Secured Property, the Maturity Date, any Interest Payment Dates, the basis for determination of Interest, Currency, or Events of Default in respect of the Notes; (b) reducing the outstanding Principal Amount or any premium payable on the Notes; or (c) modifying this definition or any provisions of Part VI of the Programme Deed concerning the quorum required at a meeting or the majority required to pass an Extraordinary Resolution.
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Special Quorum Resolution means an Extraordinary Resolution for the purpose referred to in paragraph 27(a) and (b) and any of the proposals referred to in Condition 11.1 or any amendment of this definition or the provisions of the table in paragraph 10 expressed to relate to a “Special Quorum Resolution”.
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Related to Special Quorum Resolution

  • Special Resolution means a resolution passed by a majority of not less than two-thirds (2/3) of the votes cast on that resolution.

  • Ordinary Resolution means a resolution passed by a simple majority of the Members as, being entitled to do so, vote in person or, where proxies are allowed, by proxy at a general meeting, and includes a unanimous written resolution. In computing the majority when a poll is demanded regard shall be had to the number of votes to which each Member is entitled by the Articles.

  • Extraordinary Resolution has the meaning set forth in Section 7.11(1);

  • U.S. Special Resolution Regime means each of (i) the Federal Deposit Insurance Act and the regulations promulgated thereunder and (ii) Title II of the Xxxx-Xxxxx Xxxx Street Reform and Consumer Protection Act and the regulations promulgated thereunder.

  • Resolution shall have the meaning specified in Section 8(E).

  • U.S. Special Resolution Regimes has the meaning specified in Section 11.21.

  • Bond Resolution means the resolution to be adopted by the Governing Body prescribing the terms and details of the Bonds and making covenants with respect thereto.

  • Resolutions shall have the meaning set forth in Section 7.5.

  • Extraordinary General Meeting means an extraordinary general meeting of the members duly called and constituted and any adjourned holding thereof.