Common use of Control by Bondholders Clause in Contracts

Control by Bondholders. Unless otherwise provided in the related Terms Indenture, the Holders of Bonds of any Series representing more than 50% of the aggregate Principal Amount of such Series 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 5 contracts

Samples: Criimi Mae CMBS Corp, Criimi Mae CMBS Corp, Criimi Mae CMBS Corp

AutoNDA by SimpleDocs

Control by Bondholders. Unless otherwise provided in the related Terms IndentureSubject to Section 6.03(e), the Holders of Bonds of any Series representing more than 50% of the aggregate then Aggregate Current Principal Amount of such the Bonds of a Series shall have the right to direct the time, method and place of conducting any Proceeding for or any remedy available to the Indenture Trustee, Trustee with respect to such Series or exercising any trust or power conferred on the Indenture TrusteeTrustee with respect to such Series; provided, provided that:

Appears in 1 contract

Samples: Letter Agreement (Fund America Investors Corp Ii)

AutoNDA by SimpleDocs
Time is Money Join Law Insider Premium to draft better contracts faster.