Common use of Noteholders Meetings Clause in Contracts

Noteholders Meetings. (a) A meeting of Holders of Notes of a Series may be called at any time and from time to time pursuant to Section 14 of the Negotiable Obligations Law and this Article to make, give or take any request, demand, authorization, direction, notice, consent, waiver or other action provided by this Indenture to be made, given or taken by Holders of Notes of such Series. (b) Each of the Issuer (through the Board of Directors or the Supervisory Committee of the Issuer) and the Trustee may at any time call a meeting of the Holders of the Notes of any Series or of more than one Series for any purpose specified in this Indenture. The meetings will be held in Buenos Aires; provided, however, that each of the Issuer and the Trustee may determine to hold any such meeting simultaneously in Buenos Aires and in New York City and/or London by any means of telecommunications which permits the participants to hear and speak to each other, and any such simultaneous meeting shall be deemed to constitute a single meeting for purposes of the quorum and voting percentages applicable to such meeting. In addition, the Issuer (through the Board of Directors or the Supervisory Committee of the Issuer) shall upon the request of the Trustee or of Holders of at least 5% in aggregate principal amount of the Notes of any Series at the time Outstanding call such a meeting of the Holders of the Notes of such Series or of more than one Series for any purpose specified in this Indenture. In the event the Board of Directors or the Supervisory Committee of the Issuer shall fail to call a meeting requested by the Trustee or the Holders as provided in the immediately preceding sentence, the meeting may be called by the CNV or by a competent court. If a meeting is being held pursuant to a request of Noteholders, the agenda for such meeting shall be that set forth in the request made by such Noteholders and such meeting shall be called within 40 days from the date such request is received by the Issuer and the Trustee. Notice of any meeting of Noteholders, setting forth the date, time and place of such meeting and the agenda therefor (which shall describe in general terms the action proposed to be taken at such meeting), shall be given as specified in Section 11.4. not less than 10 nor more than 180 days prior to the date fixed for the meeting and, in addition, shall be published on two different days, not less than 10 days nor more than 30 days prior to the date fixed for the meeting, in the Official Gazette of the Republic of Argentina (

Noteholders Meetings. (a) A meeting of Holders of Notes of a Series may be called at any time and from time to time pursuant to Section 14 of the Negotiable Obligations Law, Section 237 of the Argentine Corporations Law and this Article to make, give or take any request, demand, authorization, direction, notice, consent, waiver or other action provided by this Indenture to be made, given or taken by Holders of Notes of such Series. (b) Each of the Issuer Company (through the Board of Directors or, if the Board of Directors should fail to act upon the request of the Trustee or the Holders as provided in this Section, the Supervisory Committee of the IssuerCompany) and the Trustee may at any time call a meeting of the Holders of the Notes of any Series or of more than one Series for any purpose specified in this Indenture. The meetings will be held in Buenos Aires; provided, however, that each of the Issuer Company and the Trustee may determine to hold any such meeting simultaneously in Buenos Aires and in New York City and/or London by any means of telecommunications telecommunication which permits the participants to hear and speak to each other, and any such simultaneous meeting shall be deemed to constitute a single meeting for purposes of the quorum and voting percentages applicable to such meeting. In addition, the Issuer Company (through the Board of Directors or, if the Board of Directors should fail to act upon the request of the Trustee or the Holders as provided in this Section, the Supervisory Committee of the IssuerCompany) shall upon the request of the Trustee or of Holders of at least 5% in aggregate principal amount of the Notes of any Series at the time Outstanding call such a meeting of the Holders of the Notes of such Series or of more than one Series for any purpose specified in this Indenture. In the event that the Board of Directors or and the Supervisory Committee of the Issuer Company shall fail to call a meeting requested by the Trustee or the Holders as provided in the immediately preceding sentence, the meeting may be called by the CNV or by a competent court. If a meeting is being held pursuant to a request of Noteholders, the agenda for such meeting shall be that set forth in the request made by such Noteholders and such meeting shall be called within 40 days from the date such request is received by the Issuer Company and the Trustee. Notice of any meeting of Noteholders, setting forth the date, time and place of such meeting and the agenda therefor (which shall describe in general terms the action proposed to be taken at such meeting), shall be given as specified in Section 11.4. 11.4 not less than 10 nor more than 180 days prior to the date fixed for the meeting and, in addition, shall be published on two different during five consecutive days, not less than 10 days nor more than 30 days prior to the date fixed for the meeting, in the Official Gazette of Argentina and in a widely circulated newspaper in Argentina and, if the Republic Notes of Argentina such Series are listed on the Buenos Aires Stock Exchange and/or on the Argentine Over-The-Counter Market, in the Bulletin of the Buenos Aires Stock Exchange and/or in the Bulletin of the Argentine Over-The-Counter Market, as the case may be. Any such notice shall be deemed to have been given on the date of such publication or, if published more than once or on different dates, on the last date on which publication is made as required hereunder. In addition, the Company shall be required to cause all such other publications of such Notices as may be required from time to time by applicable Argentine law or the rules and regulations of any other stock exchange upon which such Notes shall then be listed. To be entitled to vote at any meeting of Noteholders a Person shall be (i) a Holder of one or more Notes of the relevant Series as of the relevant record date determined pursuant to Section 6.2 or, if no such record date shall have been so determined, as of the date of such meeting or (ii) a Person appointed by an instrument in writing as proxy by such a Holder of one or more Notes. The only Persons who shall be entitled to be present or to speak at any meeting of the Noteholders shall be the Persons entitled to vote for or on behalf of Noteholders at such meeting and their representatives and counsel, any representatives of the Company and its counsel, and any representative of the CNV and, if such Series of Notes is listed on the Buenos Aires Stock Exchange, any representative of such Stock Exchange. With respect to all matters not contemplated in this Indenture, meetings of Holders of Notes of a Series shall be held in accordance with Argentine law.