Control by Holders of Securities. If an Event of Default shall have occurred and be continuing, the Holders of a majority in principal amount of the Outstanding Securities shall have the right to direct the time, method and place of conducting any proceeding for any remedy available to the Trustee, or exercising any trust or power conferred on the Trustee, with respect to such Securities; provided, however, that
Appears in 6 contracts
Samples: Duke Energy Ohio, Inc., Duke Energy Ohio, Inc., Oncor Electric Delivery Co
Control by Holders of Securities. If an Event of Default shall have occurred and be continuing, the Holders of not less than a majority in principal amount of the Securities then Outstanding Securities shall have the right to direct the time, method and place of conducting any proceeding for any remedy available to the Trustee, or exercising any trust or power conferred on the Trustee, with respect to such Securities; provided, however, that
Appears in 3 contracts
Samples: First Mortgage Indenture (South Jersey Industries Inc), SOUTH JERSEY GAS Co, First Mortgage Indenture (Allegheny Energy, Inc)
Control by Holders of Securities. If an Event of Default shall have occurred and be continuing, the Holders of a majority in principal amount of the Securities then Outstanding Securities shall have the right to direct the time, method and place of conducting any proceeding for any remedy available to the Trustee, or exercising any trust or power conferred on the Trustee, with respect to such Securities; provided, however, that
Appears in 2 contracts
Samples: Nevada Power Co, Nevada Power Co
Control by Holders of Securities. If an Event of Default shall have occurred and be continuing, the Holders of a majority in principal amount of the Outstanding Securities shall have the right to direct the time, method and place of conducting any proceeding for any remedy available to the Trustee, or exercising any trust or power conferred on the Trustee, with respect to the Securities of such Securitiesseries; provided, however, that
Appears in 2 contracts
Samples: Indenture (PPL Electric Utilities Corp), PPL Electric Utilities Corp
Control by Holders of Securities. If an Event of Default shall have occurred and be continuing, the Holders of a majority in principal amount of the Outstanding Securities shall have the right to direct the time, method and place of conducting any proceeding for any remedy available to the Trustee, or exercising any trust or power conferred on the Trustee, with respect to such Securities; provided, however, that
Appears in 2 contracts
Samples: Indenture (PPL Capital Funding Inc), PPL Corp
Control by Holders of Securities. If an Event of Default shall have occurred and be continuing, the Holders of a majority in principal amount of the Securities then Outstanding Securities shall have the right to direct the time, method and place of conducting any proceeding for any remedy available to the Trustee, or exercising any trust or power conferred on the Trustee, Trustee with respect to the Securities of such Securitiesseries; provided, however, that
Appears in 1 contract
Samples: Tucson Electric Power Co
Control by Holders of Securities. If an Event of Default shall have occurred and be continuingcontinuing in respect of the Securities, the Holders of a majority in principal amount of the Outstanding Securities shall have the right to direct the time, method and place of conducting any proceeding for any remedy available to the Trustee, or exercising any trust or power conferred on the Trustee, Trustee with respect to such the Securities; provided, however, that
Appears in 1 contract
Samples: Value Obligation Agreement (Carolina Power & Light Co)
