FCC Proudreed Properties 2005 HSBC SG CORPORATE ...

(s)
Noteholders, the Class C Noteholders, the Class D Noteholders or the Class E Noteholders
shall be at least two Noteholders of the relevant Class present or represented holding at least
one quarter of the Principal Amount Outstanding of the relevant Notes. There shall be no
quorum requirement in respect of any Meeting reconvened after being adjourned for want of
a quorum.
Decisions at Meetings of the Class A Noteholders, the Class B Noteholders, the Class C
Noteholders, the Class D Noteholders or the Class E Noteholders Meeting shall be taken at
a two-third majority of votes cast by the Noteholders of the relevant Class present or
represented.
Notice of decisions, Information to Noteholders
(t) Decisions of any Meeting of the Class A Noteholders, the Class B Noteholders, the Class C
Noteholders, the Class D Noteholders or the Class E Noteholders must be published in
accordance with the provisions of Condition 13 (Notices and Information) not more than
90 days after the date of such Meeting.
(u) Each Noteholder or Noteholder Representative shall have the right, during the 15 day period
preceding any Meeting, to consult or make a copy of the text of the resolutions which will be
proposed and of the reports which will be presented at the Meeting, which will be available for
inspection at the head office of the Management Company and at the specified office of the
Paying Agents and at any other place as specified in the notice for Meeting.
Expenses
(v)
The Issuer will pay reasonable expenses incurred by any Masse, including reasonable expenses
relating to the convening and holding of Meetings, and all reasonable administrative expenses
agreed upon by a Meeting of Noteholders. No such expense may be charged against interest
payable on the Notes.
12. AGENTS
Paying Agents Solely Agents of Issuer
(a) In acting under the Paying Agency Agreement and in connection with the Notes, the Paying
Agents act solely as agents of the Issuer and (to the extent provided in the Paying Agency
Agreement) shall not be under any fiduciary duty (or its equivalent under the laws of any other
jurisdiction) or other obligation towards, or have any relationship of agency for or with, any
of the Noteholders.
Determinations Binding
(b) Any determination or calculation made by the Management Company in respect of amounts
payable on the Notes shall be binding on the Noteholders absent manifest error, breach of
contract or negligence.
13. NOTICES AND INFORMATION
Valid Notices
(a) Any notice to Noteholders shall be validly given if it is published in a leading English language
daily newspaper having general circulation in London and Paris (which is expected to be the
Financial Times) or, if this is not practicable, in another leading English language newspaper
as each Noteholder Representative shall approve having general circulation in London and
Paris. Any such notice shall be deemed to have been given to Noteholders on the date of such
publication or, if published more than once or on different dates, on the first date on which
publication is made in the manner required in the newspaper referred to above.
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