Debt Capital Markets · glossary
The holders’ vote that changes the Conditions, passed by at least 75 per cent of the votes cast at a meeting. It binds every holder, even one who voted against or stayed away. If holders of €200 million vote, €150 million must vote for it. Condition 12.2 · Chapter 6 · see Reserved Matter, Written Resolution
Explained in Chapter 6, Fiscal Agent or Trustee, and Noteholder Meetings, of Debt Capital Markets.
Also explained in Restructuring Plans.
The vote that changes the terms is an Extraordinary Resolution. Condition 12.2 defines it as one passed by at least 75 per cent of the votes cast.Read Chapter 6, Fiscal Agent or Trustee, and Noteholder Meetings →
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