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SYT » Topics » Reserved Matter

This excerpt taken from the SYT 20-F filed Feb 18, 2009.
Reserved Matter" means any proposal:
 
(a)
to change any date fixed for payment of principal or interest in respect of the Notes, to reduce the amount of principal or interest payable on any date in respect of the Notes or to alter the method of calculating the amount of any payment in respect of the Notes on redemption or maturity or the date for any such payment;
 
(b)
to effect the exchange or substitution of the Notes for, or the conversion of the Notes into, shares, bonds or other obligations or securities of the relevant Issuer, the Guarantor or any other person or body corporate formed or to be formed (other than as permitted under Clause 8.3 or 8.4 of this Trust Deed);
 
(c)
to change the currency in which amounts due in respect of the Notes are payable;
 
-103-
 
(d)
to modify any provision of the guarantee of the Notes (other than as permitted under Clause 8.3 or 8.4 of this Trust Deed);
 
(e)
to change the quorum required at any Meeting or the majority required to pass an Extraordinary Resolution; or
 
(f)
to amend this definition;
 
"
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