Common use of Control by Bondholders Clause in Contracts

Control by Bondholders. With respect to acceleration of the principal amount of the Bonds, the Holders of Bonds representing more than fifty percent (50%) of the then Aggregate Outstanding Principal Amount of the Bonds shall have the right to direct the time, method and place of conducting any Proceeding for any remedy available to the Trustee hereunder or exercising any trust or power conferred on the Trustee; provided that:

Appears in 4 contracts

Samples: Warren Resources (Warren Resources Inc), Warren Resources (Warren Resources Inc), Indenture (Warren Resources Inc)

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