Common use of Authorization of Actions To Be Taken by the Collateral Agent Under the Pledge Agreement Clause in Contracts

Authorization of Actions To Be Taken by the Collateral Agent Under the Pledge Agreement. Subject to the provisions of Sections 7.01 and 7.02 hereof and the Pledge Agreement, the Trustee may, with the consent of the Holders of a majority in principal amount of the Notes direct the Collateral Agent to take all actions it deems necessary or appropriate in order to (a) enforce any of the terms of the Pledge Agreement and (b) collect and receive any and all amounts payable in respect of the Obligations of the Company hereunder.

Authorization of Actions To Be Taken by the Collateral Agent Under the Pledge Agreement. Subject to the provisions of Sections 7.01 and 7.02 hereof and the Pledge Agreement, the Trustee may, with the consent of the Holders of a majority in principal amount of the Notes of all series, voting as a single class, direct the Collateral Agent to take all actions it deems necessary or appropriate in order to (a) enforce any of the terms of the Pledge Agreement and (b) collect and receive any and all amounts payable in respect of the Obligations of the Company hereunder.