Common use of Control by Credit Enhancer or Noteholders Clause in Contracts

Control by Credit Enhancer or Noteholders. The Credit Enhancer (so long as no Credit Enhancer Default exists) or the Noteholders of a majority of the aggregate Note Balance of Notes with the consent of the Credit Enhancer, 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:

Control by Credit Enhancer or Noteholders. The Holders of a majority of the Security Balances of Notes with the prior written consent of the Credit Enhancer, or the Credit Enhancer (so long as no Credit Enhancer Default exists) or the Noteholders of a majority of the aggregate Note Balance of Notes with the consent of the Credit Enhancer, 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:

Control by Credit Enhancer or Noteholders. The Holders of a majority of the Security Balance of Notes with the prior written consent of the Credit Enhancer, or the Credit Enhancer (so long as no Credit Enhancer Default exists) or the Noteholders of a majority of the aggregate Note Balance of Notes with the consent of the Credit Enhancer, 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: