Common use of Consents, Declaration and Directions Clause in Contracts

Consents, Declaration and Directions. Except as provided in Section 7.16.6, the Trust, the Property Trustee and any Agent shall treat a person as the Holder of such liquidation amount of outstanding Preferred Securities represented by a Global Security as shall be specified in a written statement of the Depositary with respect to such Global Security, for purposes of obtaining any consents, declarations, waivers or directions required to be given by the Holders pursuant to this Trust Agreement.

Appears in 4 contracts

Samples: Trust Agreement (Disney Capital Trust Iii), Trust Agreement (Fonovisa Inc), Trust Agreement (Disney Capital Trust I)

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