Supermajority consent required to alter specified securities' terms; alterations adverse to holders prohibited without it. An issuer may not alter the terms, including terms of issue, of specified securities in a manner that adversely affects holders of that class, except with written consent of a supermajority of those holders or with the sanction of a special resolution passed at a meeting of the holders of that class.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Supermajority consent required to alter specified securities' terms; alterations adverse to holders prohibited without it.
An issuer may not alter the terms, including terms of issue, of specified securities in a manner that adversely affects holders of that class, except with written consent of a supermajority of those holders or with the sanction of a special resolution passed at a meeting of the holders of that class.
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