Special resolutions#187

Hi,

A special resolution vote is occasionally sent out to get approval for trine to act on investors behalf. Could this be a default condition for loans so that individual resolutions are not needed, Trine can always act on our behalf in our best interest?

Thanks,

Hi Brian,

Thank you for the question.

The requirement for a Special Resolution is not set by our general Terms and Conditions, but by the specific Loan Note Instrument an investor signs for each loan. Older Loan Note Instruments include a contractual right for investors to vote by Special Resolution before Trine can take certain significant actions.

As this right is part of the specific contract investors originally agreed to, it cannot simply be removed or changed for existing investments.

That said, newer loan templates have moved in the direction you describe. They no longer include the same requirement for an individual Special Resolution, meaning Trine has broader authority to act on investors’ behalf for those loans without calling a vote each time.

In short, whether a Special Resolution is needed depends on the Loan Note Instrument governing the specific loan. It is therefore not something that can be changed platform-wide for existing investments.

I hope this helps to clarify and please do not hesitate to reach out if you have any further questions.

Best,

Liz

Hi Liz,

That sounds smart that it works differently when new loans are issued.

Thanks