Special Quorum Resolution definition

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:• 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, the business of the meeting includes consideration of proposals, inter alia, to:
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Examples of Special Quorum Resolution in a sentence

  • At the appropriate time, the participants will be contacted regarding the mention of their names in the com- munication.

  • Investors may consider the provisions in Section 18 “Investor Protection Mechanism” of this Offering Circular relating to the convening of meetings of Bondholders to consider any matter affecting their interest, including the adoption of an Extraordinary Resolution or Special Quorum Resolution to amend the terms of the Bonds or any other arrangements.

  • Investors may consider the provisions in Section 18 “Investor Protection Mechanism” of this Offering Circular relating to the convening of meetings of Bondholders to consider any matter affecting their interest, including the adoption of an Extraordinary Resolution or Special Quorum Resolution to amend the Terms of the Bonds or any other arrangements.

  • At any adjourned meeting one or more Noteholders present (whatever the nominal amount of the Notes so held or represented by them) shall (subject as provided below) form a quorum and shall (subject as provided below) have power to pass any Resolution, any Special Quorum Resolution or other resolution and to decide upon all matters which could properly have been dealt with at the meeting from which the adjournment took place had the required quorum been present.

  • A Special Quorum Resolution is subject to an increased quorum requirement and is required to be sanctioned by an Extraordinary Resolution of the holders of the relevant Classes of Notes which are affected by such Special Quorum Resolution.

  • The Notes and the Trust Deed also specify that certain categories of amendment (including modifying the provisions concerning the quorum required at a meeting or the majority required to pass an Extraordinary Resolution) would be classified as a Special Quorum Resolution.

  • Decisions at meetings shall be taken by a majority of the votes cast by Noteholders attending or represented at such General Meetings for the approval of a Resolution other than a Special Quorum Resolution and by seventy-five per cent.

  • 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.

  • The quorum at any meeting for passing a Resolution shall be one or more Noteholders present and holding or representing in the aggregate not less than one twentieth in nominal amount of the Notes for the time being outstanding provided that at any meeting the business of which includes any Special Quorum Resolution, the quorum shall be one or more Noteholders present and holding or representing in the aggregate not less than two-thirds in nominal amount of the Notes for the time being outstanding.


More Definitions of Special Quorum Resolution

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

  • unanimous resolution means, subject to subsection (3), a 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.

  • Master Resolution means the Amended and Restated Master Resolution Establishing The University of Texas System Revenue Financing System adopted by the Board on February 14, 1991, as amended on October 8, 1993, and August 14, 1997.

  • Series Resolution means a resolution of the Corporation authorizing the issuance of a Series of Bonds in accordance with the terms and provisions of the General Trust Indenture, adopted by the Corporation in accordance with Section 204 of the General Trust Indenture.

  • Resolution of Directors means either:

  • Supplemental Resolution means any resolution or resolutions of the Trust amending, modifying or supplementing this Bond Resolution, authorizing the issuance of a Series of Refunding Bonds, or any other Supplemental Resolution adopted by the Trust pursuant to the provisions of this Bond Resolution.

  • Arrangement Resolution means the special resolution of the Company Shareholders approving this Plan of Arrangement to be considered at the Company Meeting.

  • 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.

  • 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.

  • 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.

  • Initial Resolution Period As defined in Section 2.03(b).

  • Informal resolution means options for resolving a formal complaint that do not involve a full investigation and adjudication. Informal resolution may encompass a broad range of conflict resolution strategies, including mediation or restorative justice.

  • 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.

  • Certified Resolution means a copy of a resolution certified by the Secretary or an Assistant Secretary of the Company to have been duly adopted by the Board of Directors and to be in full force and effect on the date of such certification.

  • Resolution date means the date the funded amount, plus the

  • resolution plan means a plan proposed by resolution applicant for insolvency resolution of the corporate debtor as a going concern in accordance with Part II;

  • Borrowing Resolutions are, with respect to any Person, those resolutions substantially in the form attached hereto as Exhibit D.

  • 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.

  • General Meeting means the annual or any special general meeting of the Association.

  • Authorizing Resolution means a resolution adopted by the Board of Directors or by an Officer or committee of Officers pursuant to Board delegation authorizing a Series of Securities.

  • vote of a majority of the outstanding voting securities" shall mean the vote of the lesser of (a) 67 per centum or more of the shares of the Fund present or represented by proxy at the meeting if the holders of more than 50 per centum of the outstanding shares of the Fund are present or represented by proxy at the meeting, or (b) more than 50 per centum of the outstanding shares of the Fund.

  • Resolution Time means 1:00 p.m., New York time, on the Local Business Day following the date on which the notice is given that gives rise to a dispute under Paragraph 5.