Common use of Effects of a Decision Clause in Contracts

Effects of a Decision. 10.3.1 A resolution passed at a duly convened and held Bondholders' Meeting or by Written Procedure is binding on all Bondholders, irrespective of them being present or represented at the Bondholders' Meeting or responding in the Written Procedure. The Bondholders who have not adopted or voted in favour of a resolution shall not be liable for any damages that may result to other Bondholders. 10.3.2 A Bondholder holding more than one Bond is not required to use all of its votes or to cast all of the votes to which it is entitled in the same manner and may, at its discretion, use or cast only some of its votes.

Effects of a Decision. 10.3.1 A resolution passed matter decided at a duly convened and held Bondholders' Meeting or by way of Written Procedure is binding on all Bondholders, irrespective of them being present or represented at the Bondholders' Meeting or responding in the Written Procedure. The Bondholders who that have not adopted or voted in favour of for a resolution decision shall not be liable for any damages that this may result to cause other Bondholders. 10.3.2 A Bondholder holding more than one Bond is need not required to use all of its votes or to cast all of the votes to which it is entitled in the same manner way and may, at may in its discretion, discretion use or cast only some of its votesvotes only.