Control by Bondholders. The Holders of Bonds representing more than 50% of the Bond Balance of the Outstanding Bonds on the applicable Record Date shall, with the consent of the Bond Insurer, have the right to direct the time, method and place of conducting any Proceeding for any remedy available to the Indenture Trustee or exercising any trust or power conferred on the Indenture Trustee; provided that:
Appears in 3 contracts
Samples: Schedules And (Aames Capital Acceptance Corp), Indenture (Fund America Investors Corp Ii), Fund America Investors Corp Ii
Control by Bondholders. The Holders of Bonds representing more than 50% of the Bond Balance of the Outstanding Bonds Most Senior Class on the applicable Record Date shall, with the consent of the Bond Insurer, shall have the right to direct the time, method and place of conducting any Proceeding for any remedy available to the Indenture Trustee or exercising any trust or power conferred on the Indenture Trustee; provided that:
Appears in 2 contracts
Samples: Indenture (Fund America Investors Corp Ii), Indenture (Fund America Investors Corp Ii)
Control by Bondholders. The Holders of Bonds representing more than 50% of the Bond Balance Voting Rights of the Outstanding such Bonds on the applicable Record Date shall, with the consent of the Bond Insurer, shall have the right to direct the time, method and place of conducting any Proceeding for any remedy available to the Indenture Trustee Trustee, or exercising any trust or power conferred on the Indenture Trustee; provided provided, that:
Appears in 2 contracts
Samples: Indenture (Collateralized Mortgage Bonds Series 1999 1), Imperial Credit Commercial Mortgage Acceptance Corp
Control by Bondholders. The Holders of Bonds representing more than 50% of the Bond Balance principal balance of the Outstanding Bonds on the applicable Record Date shall, with the consent of the Bond Insurer, shall have the right to direct the time, method and place of conducting any Proceeding for any remedy available to the Indenture Trustee or exercising any trust or power conferred on the Indenture TrusteeTrustee under this Indenture or any of the Loan Documents; provided that:
Appears in 1 contract
Samples: Indenture (Equity Inns Inc)
Control by Bondholders. The Holders of Bonds representing more than 50[ ]% of the Bond Balance of the Outstanding Bonds on the applicable Record Date shall, with the consent of the Bond Insurer, shall have the right to direct the time, method and place of conducting any Proceeding for any remedy available to the Indenture Trustee or exercising any trust or power conferred on the Indenture Trustee; provided that:
Appears in 1 contract
Samples: Aames Capital Acceptance Corp
Control by Bondholders. The Holders of Bonds of both Classes representing more than 50% of the Bond Class Balance of the Outstanding Bonds on the applicable Record Date shall, with the consent of the Bond Insurer, have the right to direct the time, method and place of conducting any Proceeding for any remedy available to the Indenture Trustee or exercising any trust or power conferred on the Indenture Trustee; provided thatPROVIDED THAT:
Appears in 1 contract
Samples: Indenture (American Residential Eagle Bond Trust 1992-2)
Control by Bondholders. The Holders of Bonds representing more than 50% of the Bond Balance of the Outstanding Bonds on the applicable Record Date shall, with the consent of the Bond Insurer, shall have the right to direct the time, method and place of conducting any Proceeding for any remedy available to the Indenture Trustee or exercising any trust or power conferred on the Indenture Trustee; provided that:
Appears in 1 contract
Samples: Aames Capital Acceptance Corp