Common use of Additional Actions of Representatives Clause in Contracts

Additional Actions of Representatives. Whether or not there shall be an Actionable Default, the Collateral Trustees shall comply and shall be fully protected in complying with any reasonable request of (a) the Required Representatives, to take or refrain from taking certain actions with respect to the Collateral or the Representatives, and (b) more than 50% of the Secured Holders represented by any Representative which has requested that an account be opened pursuant to Section 5.02, to take or refrain from taking certain actions with respect to such account, provided, in each case, that the Collateral Trustees shall not take or refrain from taking such actions if to do so would violate applicable law or the terms of this Agreement, the Shared Collateral Documents or the applicable Secured Agreements or if the Collateral Trustees shall not be indemnified as provided in Section 6.06(b).

Appears in 2 contracts

Samples: Credit Agreement (Pacificare Health Systems Inc /De/), Collateral Trust Agreement (Pacificare Health Systems Inc /De/)

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Additional Actions of Representatives. Whether or not there shall be an Actionable Default, the Collateral Trustees Trustee shall comply and shall be fully protected in complying with any reasonable request of (a) the Required Representatives, to take or refrain from taking certain actions with respect to the Collateral or the Representatives, and (b) more than 50% of the Secured Holders represented by any Representative which has requested that an account be opened pursuant to Section 5.02, to take or refrain from taking certain actions with respect to such account, provided, in each case, that the Collateral Trustees Trustee shall have been indemnified as provided in Section 7.05(d) and the Collateral Trustee shall not take or refrain from taking such actions if to do so would violate applicable law or the terms of this Agreement, the Shared Collateral Documents or the applicable Secured Agreements or if the Collateral Trustees shall not be indemnified as provided in Section 6.06(b)Agreements.

Appears in 1 contract

Samples: Collateral Trust Agreement (Polyone Corp)

Additional Actions of Representatives. Whether or not there shall be an Actionable a Collateral Trust Agreement Default, the Collateral Trustees shall comply and shall be fully protected in complying with any reasonable request of (a) the Required RepresentativesRepresentative, to take or refrain from taking certain actions with respect to the Shared Collateral or the Representatives, and (b) more than 50% of the Secured Holders Parties represented by any Representative which that has requested that an account be opened pursuant to Section 5.02, to take or refrain from taking certain actions with respect to such account, provided, in each case, that the Collateral Trustees shall not take or refrain from taking such actions if to do so would violate applicable law or the terms of this Agreement, the other Shared Collateral Documents or the applicable any other Shared Secured Agreements Agreement or if the Collateral Trustees shall not be indemnified as provided in Section 6.06(b).

Appears in 1 contract

Samples: Trust and Intercreditor Agreement (Dynegy Inc /Il/)

Additional Actions of Representatives. Whether or not there shall be an Actionable Default, the Collateral Trustees shall comply and shall be fully protected in complying with any reasonable request of (a) the Required Representatives, to take or refrain from taking certain actions with respect to the Collateral or the Representatives, and (b) more than 50% of the Secured Holders represented by any Representative which has requested that an account be opened pursuant to Section 5.02, to take or refrain from taking certain actions with respect to such account, providedPROVIDED, in each case, that the Collateral Trustees shall not take or refrain from taking such actions if to do so would violate applicable law or the terms of this Agreement, the Shared Collateral Documents or the applicable Secured Agreements or if the Collateral Trustees shall not be indemnified as provided in Section 6.06(b).

Appears in 1 contract

Samples: Collateral Trust Agreement (Us Industries Inc /De)

Additional Actions of Representatives. Whether or not there shall be an Actionable a Collateral Trust Agreement Default, the Collateral Trustees shall comply and shall be fully protected in complying with any reasonable request of (a) the Required RepresentativesRepresentative(s), to take or refrain from taking certain actions with respect to the Collateral or the Representatives, and (b) more than 50% of the Secured Holders represented by any Representative which has requested that an account be opened pursuant to Section 5.02, to take or refrain from taking certain actions with respect to such account, provided, in each case, that the Collateral Trustees shall not take or refrain from taking such actions if to do so would violate applicable law or the terms of this Agreement, the other Shared Collateral Documents or the applicable Secured Applicable Agreements or if the Collateral Trustees shall not be indemnified as provided in Section 6.06(b).

Appears in 1 contract

Samples: Collateral Trust Agreement (Aes Corporation)

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Additional Actions of Representatives. Whether or not there shall be an Actionable Default, the Collateral Trustees shall comply comply, and shall be fully protected in complying with with, any reasonable request of (a) the Required Representatives, to take or refrain from taking certain actions with respect to the Collateral or the Representatives, and (b) more than 50% of the Secured Holders represented by any Representative which has requested that an account be opened pursuant to Section 5.02, to take or refrain from taking certain actions with respect to such account, provided, in each case, that the Collateral Trustees shall not take or refrain from taking such actions if to do so would violate applicable law or the terms of this Agreement, the Shared Collateral Documents or the applicable Secured Agreements or if the Collateral Trustees shall not be indemnified as provided in Section 6.06(b).

Appears in 1 contract

Samples: Collateral Trust Agreement (Us Industries Inc /De)

Additional Actions of Representatives. Whether or not there shall be an Actionable a Collateral Trust Agreement Default, the Collateral Trustees shall comply and shall be fully protected in complying with any reasonable request of (a) the Required RepresentativesRepresentative, to take or refrain from taking certain actions with respect to the Collateral or the Representatives, and (b) more than 50% of the Secured Holders Parties represented by any Representative which that has requested that an account be opened pursuant to Section 5.02, to take or refrain from taking certain actions with respect to such account, providedprovided that, in each case, that the Collateral Trustees shall not take or refrain from taking such actions if to do so would violate applicable law or the terms of this Agreement, the Shared other Collateral Documents or the applicable any other Secured Agreements Agreement or if the Collateral Trustees shall not be indemnified as provided in Section 6.06(b).

Appears in 1 contract

Samples: Credit Agreement (Dynegy Inc.)

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