Common use of Binding Effect of Resolutions Clause in Contracts

Binding Effect of Resolutions. Every resolution passed in accordance with the provisions of this Article 13 at a meeting of Holders shall be binding upon all the Holders, whether present at or absent from such meeting, and every instrument in writing signed by Holders in accordance with Section 13.12 shall be binding upon all the Holders, whether signatories thereto or not, and each and every Holder and the Trustee (subject to the provisions for its indemnity herein contained) shall, subject to applicable law, be bound to give effect accordingly to every such resolution and instrument in writing.

Appears in 1 contract

Sources: Senior Secured Notes Indenture (Postmedia Network Canada Corp.)

Binding Effect of Resolutions. Every resolution passed in accordance with the provisions of this Article 13 15 at a meeting of Holders shall be binding upon all the Holders, whether present at or absent from such meeting, and every instrument in writing signed by Holders in accordance with Section 13.12 15.2 shall be binding upon all the Holders, whether signatories thereto or not, and each and every Holder and the Trustee (subject to the provisions for its indemnity remuneration, indemnification and protection herein contained) shall, subject to applicable law, shall be bound to give effect accordingly to every such resolution and instrument in writing.

Appears in 1 contract

Sources: Trust Indenture

Binding Effect of Resolutions. Every resolution passed in accordance with the provisions of this Article 13 at a meeting of Holders shall be binding upon all the Holders, whether present at or absent from such meeting, and every instrument in writing signed by Holders in accordance with Section 13.12 8.12 shall be binding upon all the Holders, whether signatories thereto or not, and each and every Holder and the Trustee (subject to the provisions for its indemnity herein contained) shall, subject to applicable law, be bound to give effect accordingly to every such resolution and instrument in writing.

Appears in 1 contract

Sources: Indenture (Medicus Pharma Ltd.)

Binding Effect of Resolutions. Every resolution passed in accordance with the provisions of this Article 13 at a meeting of Holders shall be binding upon all the Holders, whether present at or absent from the meeting, if any, at which such meetingresolution was approved, and every instrument in writing signed by Holders in accordance with Section 13.12 11.16 shall be binding upon all the Holders, whether signatories thereto or not, and each and every Holder and the Trustee (subject to the provisions for its indemnity herein contained) shall, subject to applicable law, shall be bound to give effect accordingly to every such resolution and instrument in writing.

Appears in 1 contract

Sources: Trust Indenture (Security Devices International Inc.)

Binding Effect of Resolutions. Every resolution passed in accordance with the provisions of this Article 13 XI at a meeting of Holders shall be binding upon all the Holders, whether present at or absent from such meeting, and every instrument in writing signed by Holders in accordance with Section 13.12 shall be binding upon all the Holders, whether signatories thereto or not, and each and every Holder and the Trustee (subject to the provisions for its indemnity remuneration, indemnification and protection herein contained) shall, subject to applicable law, shall be bound to give effect accordingly to every such resolution and instrument in writingresolution.

Appears in 1 contract

Sources: Indenture (ACE Aviation Holdings Inc.)

Binding Effect of Resolutions. Every resolution and every Extraordinary Resolution passed in accordance with the provisions of this Article 13 9 at a meeting of Holders shall be binding upon all the Holders, whether present at or absent from such meeting, and every instrument in writing signed by Holders in accordance with Section 13.12 9.15 shall be binding upon all the Holders, whether signatories thereto or not, and each and every Holder and the Trustee (subject to the provisions for its indemnity herein contained) shall, subject to applicable law, shall be bound to give effect accordingly to every such resolution resolution, Extraordinary Resolution and instrument in writing.

Appears in 1 contract

Sources: Note Indenture (Timberwest Forest Corp)

Binding Effect of Resolutions. Every resolution and every Extraordinary Resolution passed in accordance with the provisions of this Article 13 at a meeting of Holders shall be binding upon all the Holders, whether present at or absent from such meeting, and every instrument in writing signed by Holders in accordance with Section 13.12 7.14 shall be binding upon all the Holders, whether signatories thereto or not, and each and every Holder and the Trustee Rights Agent (subject to the provisions for its indemnity herein containedin this Indenture) shall, subject to applicable law, shall be bound to give effect accordingly to every such resolution resolution, Extraordinary Resolution and instrument in writing.

Appears in 1 contract

Sources: Arrangement Agreement (SolarBank Corp)

Binding Effect of Resolutions. β€Œ Every resolution and every Extraordinary Resolution passed in accordance with the provisions of this Article 13 at a meeting of Holders shall be binding upon all the Holders, whether present at or absent from such meeting, and every instrument in writing signed by Holders in accordance with Section 13.12 7.15 shall be binding upon all the Holders, whether signatories thereto or not, and each and every Holder and the Trustee Rights Agent (subject to the provisions for its indemnity herein contained) shall, subject to applicable law, shall be bound to give effect accordingly to every such resolution resolution, Extraordinary Resolution and instrument in writing.

Appears in 1 contract

Sources: Rights Indenture