Common use of Bondholders May Direct Proceedings Clause in Contracts

Bondholders May Direct Proceedings. The Holders of a majority in principal amount of the Bonds Outstanding hereunder shall have the right, after furnishing indemnity satisfactory to the Trustee, to direct the method and place of conducting all remedial proceedings by the Trustee hereunder, provided that such direction shall not be in conflict with any rule of law or with this Indenture or unduly prejudice the rights of minority Bondholders.

Bondholders May Direct Proceedings. The Holders Subject to the provisions of Section 10.03 hereof, the owners of a majority in principal amount of the Bonds Outstanding hereunder shall have the right, after furnishing indemnity satisfactory to the Trustee, to direct the method and place of conducting all remedial proceedings by the Trustee hereunder, provided that such direction shall not be in conflict with any rule of law or with this Indenture or unduly prejudice the rights of minority Bondholders.

Bondholders May Direct Proceedings. The Holders Owners of a majority in ------------ ---------------------------------- aggregate principal amount of the Bonds Outstanding outstanding hereunder shall have the right, after furnishing indemnity satisfactory to the Trustee, right to direct the method and place of conducting all remedial proceedings by the Trustee hereunderhereunder and all rights of the Trustee under the Permit Agreements, provided that such direction shall not be otherwise than in conflict accordance with law or the provisions of this Indenture, and that the Trustee shall not be required to comply with any rule of law such direction which it deems to be unlawful or with this Indenture or unduly prejudice the rights of minority Bondholdersunjustly prejudicial to Bondholders not parties to such direction.

Bondholders May Direct Proceedings. The Holders Owners of a majority Majority in principal amount of the Bonds Outstanding hereunder shall have the right, after furnishing indemnity satisfactory to the Trustee, to direct the method and place of conducting all remedial proceedings by the Trustee hereunder, provided that such direction shall not be in conflict with any rule of law or with this Indenture or unduly prejudice the rights of minority Bondholders.