Article 422 — Agent of Debenture Holders

1/ Debenture holders may be represented by one or more agents who shall be appointed by a general meeting of debenture holders having the quorum specified in Sub-Article (1) and (3) of Article 419 and a majority as specified in Sub-Article (1) of Article 420 of this Code; The meeting may at any time remove the agents. 2/ The quorum and majority indicated under Sub-Article (1) of this Article shall be required for a decision on the remuneration and powers of the agents; remuneration shall be borne by the debtor company. 3/ The agents of the debenture holders may, in case of urgency, be appointed or replaced by the court on the application of the debtor company in the absence of appointments made by a properly constituted general meeting, or on the application of one or more debenture holders holding not less than five percent of the total debentures issued. 4/ The provisions of Sub-Article (3) of Article 416 of this Code shall apply to the appointment of an agent of the debenture holders.