1. The common representative is appointed and removed from office by resolution of the bondholders, which shall specify the duration, definite or indefinite, of the representative’s term of office.
1 - O representante comum é designado e destituído por deliberação dos obrigacionistas, que especificará a duração, definida ou indefinida, das suas funções.
2. The common representative may also be appointed in the terms of issue, which must set out the terms of the appointment; the bondholders’ meeting is responsible for removing the representative from office, with or without just cause, for appointing a new common representative who meets the legal requirements and for amending the terms of the initial appointment.
2 - O representante comum pode ainda ser designado nas condições da emissão, que devem estabelecer os respetivos termos, competindo à assembleia de obrigacionistas a sua destituição, com ou sem justa causa, e a designação de novo representante comum que respeite os requisitos legais, bem como proceder à alteração das condições da designação inicial.
3. Where no common representative has been appointed under the preceding paragraphs, any bondholder or the company may apply to the court for one to be appointed, until the bondholders make the appointment.
3 - Na falta de representante comum, designado nos termos dos números anteriores, pode qualquer obrigacionista ou a sociedade requerer que o tribunal o nomeie, até que os obrigacionistas façam a designação.
4. Any bondholder may also apply to the court for the common representative to be removed from office on grounds of just cause.
4 - Pode também qualquer obrigacionista requerer que o tribunal destitua, com fundamento em justa causa, o representante comum.
5. The appointment and removal from office of the common representative must be notified in writing to the company and registered by filing at the competent registry office, at the initiative of the company or of the representative.
5 - A designação e a destituição do representante comum devem ser comunicadas por escrito à sociedade e registadas por depósito na conservatória do registo competente por iniciativa da sociedade ou do próprio representante.
Appointment by resolution or in the issue terms, removal by the meeting with or without just cause, court appointment on application by any bondholder or the company, court removal only for just cause, and written notice and registration by filing are retained.
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Unofficial English translation prepared by BCA Portugal for reference. Only the Portuguese text published in the Diário da República has legal force. Editorial notes are ours and are not part of the statute.