Common use of Extraordinary Resolutions Clause in Contracts

Extraordinary Resolutions. An Extraordinary Resolution shall be any resolution which seeks to: 1. modify the date of maturity of the Notes or reduce the amount of principal payable on any such date; 2. reduce or cancel the principal amount payable on the Notes; 3. reduce the amount payable or modify the method of calculating the amount payable or modify the date of payment in respect of any interest on the Notes; 4. alter the currency in which payments are made on the Notes; and 5. alter in any manner the provisions which govern meetings, Ordinary Resolutions and Extraordinary Resolutions. An Extraordinary Resolution may, subject to the next paragraph, be passed by three-quarters of persons present and can only be made at a meeting at which the necessary quorum will be one or more persons holding or representing not less than a clear majority in nominal amount of the Notes for the time being outstanding. At any adjourned meeting for an Extraordinary Resolution, the necessary quorum will be one or more persons present holding or representing not less than one-third in nominal amount of the Notes for the time being outstanding. of: An Extraordinary Resolution may also be passed by the Noteholders by way (i) a resolution in writing signed by or on behalf of the holders of not less than three- quarters in nominal amount of the Notes for the time being outstanding; or

Extraordinary Resolutions. An Extraordinary Resolution shall be any resolution which seeks to: 1. modify the date of maturity of the Notes or reduce the amount of principal payable on any such date; 2. reduce or cancel the principal amount payable on the Notes; 3. reduce the amount payable or modify the method of calculating the amount payable or modify the date of payment in respect of any interest on the Notes; 4. alter the currency in which payments are made on the Notes; and 5. alter in any manner the provisions which govern meetings, Ordinary Resolutions and Extraordinary Resolutions. An Extraordinary Resolution may, subject to the next paragraph, be passed by three-quarters of persons present and can only be made at a meeting at which the necessary quorum will be one or more persons holding or representing not less than a clear majority in nominal amount of the Notes for the time being outstanding. At any adjourned meeting for an Extraordinary Resolution, the necessary quorum will be one or more persons present holding or representing not less than one-third in nominal amount of the Notes for the time being outstanding. of: An Extraordinary Resolution may also be passed by the Noteholders by way of: (i) a resolution in writing signed by or on behalf of the holders of not less than three- three-quarters in nominal amount of the Notes for the time being outstanding; or (ii) consent given by way of electronic consents through the relevant clearing system(s) (in a form satisfactory to the Fiscal Agent) by or on behalf of the holders of not less than three-quarters in nominal amount of the Notes for the time being outstanding. An Extraordinary Resolution (whether passed at any meeting of the Noteholders or by way of written resolution or electronic consents) shall be binding on all the Noteholders, whether present or not at the relevant meeting and/or whether or not voting on (or voting in favor of) the relevant Extraordinary Resolution.