der Belize Superbond 2007 enthält von Anbeginn an CAC // nicht sow wie die GRI nach gri-Recht nachträglich reingeCACt

aus dem 207seitigem Memorandum (Offer):

S 11

Modifications The New Bonds will contain collective action clauses. See “Terms
and Conditions of the New Bonds—Modifications” with respect to
the New Bonds.


8. Holders’ Meetings. (a) Belize or the Trustee at any time may, and upon a request in
writing to the Trustee made by Holders holding not less than 10% in aggregate principal amount of the
Securities the Trustee shall, convene a meeting of Holders of the Securities. The Trustee shall give notice
of each meeting of Holders of the Securities, setting forth the time and place of the meeting and in general
terms the topics to be discussed, or the action to be taken, at that meeting, not less than 30 nor more than
60 days prior to the date fixed for the meeting. To be entitled to vote at any meeting of Holders of
Securities a Person shall be, as of the date reasonably set by the Trustee, (i) a Holder of one or more
Securities or (ii) a Person appointed by an instrument in writing as proxy by the Holder of one or more
Securities. The only Persons who shall be entitled to be present or to speak at any meeting of Holders
shall be the Persons entitled to vote at such meeting and their counsel, the Trustee and its counsel, and
any representatives of Belize and its counsel.
(b) Holders entitled to vote a majority in aggregate principal amount of the Securities at the
time Outstanding shall constitute a quorum at a meeting convened for the purpose referred to above. In
the absence of a quorum at any such meeting, the meeting may be adjourned for a period of not less than
ten days; in the absence of a quorum at any such adjourned meeting, such adjourned meeting may be
further adjourned for a period of not less than ten days. Notice of reconvening of any such meeting need
be given only once but must be given not less than five days prior to the date on which the meeting is
scheduled to be reconvened. Subject to the foregoing, at the reconvening of any meeting further
adjourned for lack of a quorum, the Holders entitled to vote 25% in aggregate principal amount of the
Securities at the time Outstanding shall constitute a quorum for the taking of any action set forth in the
notice of the original meeting and such quorum requirement shall be expressly stated in the notice of
reconvening.
Further provisions for meetings of Holders are contained in Article 10 of the Indenture.

S 154