Common use of Approval of Non-Reserved Matters Clause in Contracts

Approval of Non-Reserved Matters. (i) At any meeting of holders of Securities of a Series duly called and held as specified above, upon the affirmative vote, in person or by proxy thereunto duly authorized in writing, of the holders of not less than 66 2/3% in aggregate principal amount of the Securities of such Series then Outstanding and represented at such meeting (or of such other percentage as may be set forth in the text of the Securities of such Series with respect to the action being taken), or (ii) with the written consent of the owners of not less than 66 2/3% in aggregate principal amount of the Securities of such Series then Outstanding (or of such other percentage as may be set forth in the text of the Securities of such Series with respect to the action being taken), Portugal and the Fiscal Agent, by agreement between themselves, may Amend the terms of the Securities of such Series or, insofar as respects the Securities of such Series, this Agreement, in any way approved by such vote or consent, other than an Amendment constituting a Reserved Matter (as defined in subsection (c) of this Section), and the holders of Securities of such Series may make, give or take any Request, Consent or Action provided by this Agreement or the Securities of such Series to be made, given or taken by holders of Securities of such Series and approved by such vote or consent, other than Requests, Consents or Actions constituting Reserved Matters (as defined in subsection (c) of this Section).

Appears in 1 contract

Sources: Fiscal Agency Agreement (Republic of Portugal)

Approval of Non-Reserved Matters. (i) At any meeting of holders of Securities of a Series duly called and held as specified above, upon the affirmative vote, in person or (in the case of registered owners of Securities of such Series) by proxy thereunto duly authorized in writing, of the holders of not less than 66 2/3662/3% in aggregate principal amount of the Securities of such Series then Outstanding and represented at such meeting (or of such other percentage as may be set forth in the text of the Securities of such Series with respect to the action being taken), or (ii) with the written consent of the owners of not less than 66 2/3662/3% in aggregate principal amount of the Securities of such Series then Outstanding (or of such other percentage as may be set forth in the text of the Securities of such Series with respect to the action being taken), Portugal the Issuer and the Fiscal AgentAgent may modify, by agreement between themselves, may Amend amend or supplement the terms of the Securities of such Series or, insofar as respects the Securities of such Series, this Agreement, in any way approved by such vote or consentway, other than an Amendment a modification, amendment or supplement constituting a Reserved Matter (as defined in subsection (c) of this Section), and the holders of Securities of such Series may make, take or give any request, demand, authorization, direction, notice, consent, waiver or take any Request, Consent or Action other action provided by this Agreement or the Securities of such Series to be made, given or taken by holders of Securities of such Series and approved by such vote or consentSeries, other than Requestsrequests, Consents demands, authorizations, directions, notices, consents, waivers or Actions other actions constituting Reserved Matters (as defined in subsection (c) of this Section).

Appears in 1 contract

Sources: Fiscal Agency Agreement (Italy Republic Of)