Common use of Control by Bondholders Clause in Contracts

Control by Bondholders. The Holders of a majority of the aggregate Bond Principal Balances of Bonds shall have the right to direct the time, method and place of conducting any Proceeding for any remedy available to the Indenture Trustee with respect to the Bonds or exercising any trust or power conferred on the Indenture Trustee; provided that:

Appears in 12 contracts

Samples: Servicing Agreement (Imh Assets Corp Impac CMB Trust Series 2004-7), Servicing Agreement (Imh Assets Corp Impac CMB Trust Series 2003 11), Indenture (Impac CMP Trust Series 2004-5)

AutoNDA by SimpleDocs

Control by Bondholders. The Holders of a majority in principal amount of the aggregate Bond Principal Balances of Outstanding Bonds shall have the right to direct the time, method and place of conducting any Proceeding proceeding for any remedy available to the Indenture Trustee with respect to the Bonds or exercising any trust or power conferred on the Indenture Trustee; , provided that:

Appears in 3 contracts

Samples: Ilx Inc/Az/, Ilx Inc/Az/, Ilx Inc/Az/

Control by Bondholders. The Holders of a majority Bonds representing not less than 66 2/3% of the aggregate Bond Aggregate Current Principal Balances Amount of the Outstanding Bonds shall have the right to direct the time, method and place of conducting any Proceeding for any remedy available to the Indenture Trustee with respect to the Bonds or exercising any trust or power conferred on the Indenture Trustee; provided that:

Appears in 3 contracts

Samples: Indenture (National Collegiate Trust 1996-S2), Custodial Agreement (National Collegiate Trust 1996-S2), Custodial Agreement (National Collegiate Trust 1996-S2)

Control by Bondholders. The Holders of a majority of the aggregate Bond Principal Balances of the Class A-1 Bonds and Class M Bonds and a majority of the Notional Amount of the Class A-IO Bonds shall have the right to direct the time, method and place of conducting any Proceeding for any remedy available to the Indenture Trustee with respect to the Bonds or exercising any trust or power conferred on the Indenture Trustee; provided that:

Appears in 3 contracts

Samples: Servicing Agreement (Impac CMB Trust Series 2002-4f), Indenture (Imh Assets Corp Impact CMB Trust Series 2002-7), Servicing Agreement (Imh Assets Corp Impac CMB Trust Series 2003-9f)

Control by Bondholders. The Holders of a majority of the aggregate Bond Principal Balances of Bonds shall have the right (subject to the provisions of Section 5.06) to direct the time, method and place of conducting any Proceeding for any remedy available to the Indenture Trustee with respect to the Bonds or exercising any trust or power conferred on the Indenture Trustee; provided that:

Appears in 2 contracts

Samples: Indenture (Impac CMB Trust Series 1998-2), Imh Assets Corp

Control by Bondholders. The Holders of a majority of the aggregate Bond Principal Security Balances of Bonds shall have the right to direct the time, method and place of conducting any Proceeding for any remedy available to the Indenture Trustee with respect to the Bonds or exercising any trust or power conferred on the Indenture Trustee; provided that:

Appears in 2 contracts

Samples: Indenture (Imh Assets Corp), Imh Assets Corp

Control by Bondholders. The Holders of a majority Bonds representing more than 50% of the aggregate Bond Class Principal Balances Amount of Bonds the Controlling Class shall have the right to direct the time, method and place of conducting any Proceeding for any remedy available to the Indenture Trustee with respect to the Bonds or exercising any trust or power conferred on the Indenture Trustee; provided provided, however, that:

Appears in 2 contracts

Samples: Indenture (Sequoia Mortgage Funding Corp), Indenture (Sequoia Mortgage Funding Corp)

AutoNDA by SimpleDocs

Control by Bondholders. The Holders of a majority not less than 51% of the aggregate than outstanding Bond Principal Balances of Bonds Balance shall have the right to direct the time, method and place of conducting any Proceeding for any remedy available to the Indenture Trustee with respect to the Bonds or exercising any trust or power conferred on the Indenture Trustee; provided that:

Appears in 1 contract

Samples: Allied Capital Corp

Control by Bondholders. The Holders of a majority in principal amount of the aggregate Bond Principal Balances of Outstanding Bonds shall have the right to direct the time, method and place of conducting any Proceeding proceeding for any remedy available to the Indenture Trustee with respect to the Bonds or exercising any trust or power conferred on the Indenture Trustee; , provided that:

Appears in 1 contract

Samples: Ownership Agreement (Oglethorpe Power Corp)

Control by Bondholders. The Holders of a majority of the aggregate Bond Principal Balances of the Bonds shall have the right to direct the time, method and place of conducting any Proceeding for any remedy available to the Indenture Trustee with respect to the Bonds or exercising any trust or power conferred on the Indenture Trustee; provided that:

Appears in 1 contract

Samples: Servicing Agreement (Impac CMB Trust Collaterlized Ab Bond Series 2003-3)

Control by Bondholders. The Holders of a majority of the aggregate Bond Principal Balances of the Bonds shall have the right to direct the time, method and place of conducting any Proceeding for any remedy available to the Indenture Trustee with respect to the Bonds or exercising any trust or power right conferred on the Indenture Trustee; provided that:

Appears in 1 contract

Samples: Servicing Agreement (Imh Assets Corp Impac CMB Trust Series 2003-5)

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!