Control by Controlling Party. The Insurer, if the Insurer is the Controlling Party, and otherwise the Indenture Trustee at the direction of the Majority Noteholders 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 Notes or exercising any trust or power conferred on the Indenture Trustee; provided that:
Appears in 5 contracts
Samples: Indenture (Bay View Deposit CORP), Indenture (Bay View Transaction Corp), Bay View Securitization Corp
Control by Controlling Party. The Note Insurer, if the Note Insurer is the Controlling Party, and otherwise the Indenture Trustee Trustee, at the direction of the Majority Noteholders Noteholders, 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 Notes or exercising any trust or power conferred on the Indenture Trustee; provided that:
Appears in 1 contract
Samples: United Fidelity Finance LLC
