Common use of Conflicting Instructions Clause in Contracts

Conflicting Instructions. If the Indenture Trustee receives conflicting instructions from the Senior Noteholders and the Subordinate Noteholders, the instructions of the Senior Noteholders shall control.

Appears in 8 contracts

Samples: Indenture (Irwin Whole Loan Home Equity Trust 2005-A), Indenture (Bear Stearns Asset Backed Securities Inc), Indenture (Irwin Home Equity Loan Trust 2005-1)

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Conflicting Instructions. If the Indenture Trustee receives conflicting instructions from the Senior Group II Noteholders and the Subordinate Group II Noteholders, the instructions of the Senior Group II Noteholders shall control.

Appears in 3 contracts

Samples: Indenture (Bear Stearns Asset Backed Securities Inc), Indenture (Irwin Home Equity Loan Trust 2004-1), Indenture (Bear Stearns Asset Backed Securities Inc)

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