FCC Proudreed Properties 2005 HSBC SG CORPORATE ...
FCC Proudreed Properties 2005 HSBC SG CORPORATE ...
FCC Proudreed Properties 2005 HSBC SG CORPORATE ...
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(s)<br />
Noteholders, the Class C Noteholders, the Class D Noteholders or the Class E Noteholders<br />
shall be at least two Noteholders of the relevant Class present or represented holding at least<br />
one quarter of the Principal Amount Outstanding of the relevant Notes. There shall be no<br />
quorum requirement in respect of any Meeting reconvened after being adjourned for want of<br />
a quorum.<br />
Decisions at Meetings of the Class A Noteholders, the Class B Noteholders, the Class C<br />
Noteholders, the Class D Noteholders or the Class E Noteholders Meeting shall be taken at<br />
a two-third majority of votes cast by the Noteholders of the relevant Class present or<br />
represented.<br />
Notice of decisions, Information to Noteholders<br />
(t) Decisions of any Meeting of the Class A Noteholders, the Class B Noteholders, the Class C<br />
Noteholders, the Class D Noteholders or the Class E Noteholders must be published in<br />
accordance with the provisions of Condition 13 (Notices and Information) not more than<br />
90 days after the date of such Meeting.<br />
(u) Each Noteholder or Noteholder Representative shall have the right, during the 15 day period<br />
preceding any Meeting, to consult or make a copy of the text of the resolutions which will be<br />
proposed and of the reports which will be presented at the Meeting, which will be available for<br />
inspection at the head office of the Management Company and at the specified office of the<br />
Paying Agents and at any other place as specified in the notice for Meeting.<br />
Expenses<br />
(v)<br />
The Issuer will pay reasonable expenses incurred by any Masse, including reasonable expenses<br />
relating to the convening and holding of Meetings, and all reasonable administrative expenses<br />
agreed upon by a Meeting of Noteholders. No such expense may be charged against interest<br />
payable on the Notes.<br />
12. AGENTS<br />
Paying Agents Solely Agents of Issuer<br />
(a) In acting under the Paying Agency Agreement and in connection with the Notes, the Paying<br />
Agents act solely as agents of the Issuer and (to the extent provided in the Paying Agency<br />
Agreement) shall not be under any fiduciary duty (or its equivalent under the laws of any other<br />
jurisdiction) or other obligation towards, or have any relationship of agency for or with, any<br />
of the Noteholders.<br />
Determinations Binding<br />
(b) Any determination or calculation made by the Management Company in respect of amounts<br />
payable on the Notes shall be binding on the Noteholders absent manifest error, breach of<br />
contract or negligence.<br />
13. NOTICES AND INFORMATION<br />
Valid Notices<br />
(a) Any notice to Noteholders shall be validly given if it is published in a leading English language<br />
daily newspaper having general circulation in London and Paris (which is expected to be the<br />
Financial Times) or, if this is not practicable, in another leading English language newspaper<br />
as each Noteholder Representative shall approve having general circulation in London and<br />
Paris. Any such notice shall be deemed to have been given to Noteholders on the date of such<br />
publication or, if published more than once or on different dates, on the first date on which<br />
publication is made in the manner required in the newspaper referred to above.<br />
235