Common use of Meaning of Extraordinary Resolution Clause in Contracts

Meaning of Extraordinary Resolution. (a) The expression "EXTRAORDINARY RESOLUTION" when used in this Indenture means, subject as hereinafter in this Section 6.11 and in Section 6.14 provided, a resolution proposed at a meeting of Special Warrantholders duly convened for that purpose and held in accordance with the provisions of this Article 6 at which there are present in person or represented by proxy Special Warrantholders holding at least 25% of the then issued and outstanding Special Warrants and passed by the affirmative votes of Special Warrantholders holding not less than 66% of the then issued and outstanding Special Warrants represented at the meeting and voted on the poll upon such resolution.