If a bond administrator has fallen under any of the following circumstances, if there is no other bond administrator, the bond-issuing company must specify a bond administrator to succeed to the administration of the bonds, and entrust the administration of the bonds to the person on behalf of the bondholders. In these cases, the bond-issuing company must convene a bondholders meeting without delay in order to obtain the consent of the same, and if the consent cannot be obtained, must file a petition for the permission of the court in lieu of that consent:
if the bond administrator is no longer a person set forth in any item of Article 703;
第七百三条各号に掲げる者でなくなったとき。
if the bond administrator has resigned under the provisions of Article 711, paragraph (3);
第七百十一条第三項の規定により辞任したとき。
if the bond administrator has been dismissed under the provisions of the preceding paragraph; or
前条の規定により解任されたとき。
if the bond administrator has been dissolved.
解散したとき。
In the cases provided for in the first sentence of the preceding paragraph, if a bond-issuing company does not convene a meeting under the provisions of the second sentence of that paragraph or file a petition under the second sentence of that paragraph within two months of the day on which the bond-issuing company fell under any of the circumstances in each item of that paragraph, the bond-issuing company will forfeit the benefit of time in relation to the total amount of relevant bonds.
In the cases provided for in the first sentence of paragraph (1), if there are unavoidable reasons, interested parties may petition the court for the appointment of a bond administrator to succeed to the administration of the bonds.
第一項前段に規定する場合において、やむを得ない事由があるときは、利害関係人は、裁判所に対し、事務を承継する社債管理者の選任の申立てをすることができる。
If a bond-issuing company has specified the bond administrator to succeed to the administration of the bonds pursuant to the provisions of the first sentence of paragraph (1) (excluding cases where the consent of a bondholders meeting has been obtained), or if a bond administrator has been appointed to succeed to the administration of the bonds under the provisions of the preceding paragraph, the bond-issuing company must, without delay, give public notice to that effect and separate notice thereof to each known bondholder.