Common use of Control by Holders of Securities Clause in Contracts

Control by Holders of Securities. The Holders of a majority in principal amount of the Outstanding Securities of any series shall have the right to direct the time, method and place of conducting any proceeding for any remedy available to the Trustee or exercising any trust or power conferred on the Trustee with respect to the Securities of such series and any Coupons appertaining thereto, provided that -------- ---- (1) such direction shall not be in conflict with any rule of law or with this Indenture or with the Securities of such series, (2) the Trustee may take any other action deemed proper by the Trustee which is not inconsistent with such direction, and

Appears in 2 contracts

Samples: Indenture (Thermotrex Corp), Thermo Electron Corp

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Control by Holders of Securities. The Holders of a majority in principal amount of the Outstanding Securities of any series shall have the right to direct the time, method and place of conducting any proceeding for any remedy available to the Trustee Trustee, or exercising any trust or power conferred on the Trustee Trustee, with respect to the Securities of such series and any Coupons appertaining theretoseries, provided that -------- ---- (1a) such direction shall not be in conflict with any rule of law or with this Indenture or with expose the Securities of such seriesTrustee to personal liability or be unduly prejudicial to Holders not joining therein, and (2b) the Trustee may take any other action deemed proper by the Trustee which is not inconsistent with such direction, and. Section 513.

Appears in 1 contract

Samples: Indiana Bell Telephone Co Inc

Control by Holders of Securities. The Holders of a majority in aggregate principal amount of the Outstanding Securities of any series shall have the right to direct the time, method and place of conducting any proceeding for any remedy available to the Trustee or exercising any trust or power conferred on the Trustee with respect to the Securities of such series and any Coupons appertaining thereto, provided that -------- ---- (1) such direction shall not be in conflict with any rule of law or with this Indenture or with the Securities of such any series, (2) the Trustee may take any other action deemed proper by the Trustee which is not inconsistent with such direction, andand (3) such direction is not unduly prejudicial to the rights of the other Holders of Securities of such series (or any other series) not joining in such action. 50 Section 513.

Appears in 1 contract

Samples: www.sec.gov

Control by Holders of Securities. The Holders of not less -------------------------------- that a majority in principal amount of the Outstanding Securities of any series shall have the right to direct the time, method and place of conducting any proceeding for any remedy available to the Trustee or exercising any trust or power conferred on the Trustee with respect to the Securities of such series and any Coupons appertaining theretoseries, provided that -------- ---- (1) such direction shall not be in conflict with any rule of law or with this Indenture or with the Securities of such series, (2) the Trustee may take any other action deemed proper by the Trustee which is not inconsistent with such direction, andIndenture,

Appears in 1 contract

Samples: Indenture (Trinet Corporate Realty Trust Inc)

Control by Holders of Securities. The Holders of not -------------------------------- less than a majority in principal amount of the Outstanding Securities of any series shall have the right to direct the time, method and place of conducting any proceeding for any remedy available to the Trustee or exercising any trust or power conferred on the Trustee with respect to the Securities of such series and any Coupons appertaining theretoseries, provided that -------- ---- (1) such direction shall not be in conflict with any rule of law or with this Indenture or with the Securities of such series, (2) the Trustee may take any other action deemed proper by the Trustee which is not inconsistent with such direction, andIndenture,

Appears in 1 contract

Samples: NVR Inc

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Control by Holders of Securities. The Holders of a majority in principal amount of the Outstanding Securities of any series shall have the right to direct the time, method and place of conducting any proceeding for any remedy available to the Trustee or exercising any trust or power conferred on the Trustee with respect to the Securities of such series and any Coupons appertaining thereto, provided that -------- ---- (1) such direction shall not be in conflict with any rule of law or with this Indenture or with the Securities of such any series, (2) the Trustee may take any other action deemed proper by the Trustee which is not inconsistent with such direction, andand (3) such direction is not unduly prejudicial to the rights of the other Holders of Securities of such series not joining in such action. Section 513.

Appears in 1 contract

Samples: Agreement and Plan of Merger (Tower Realty Trust Inc)

Control by Holders of Securities. The Holders of a majority in principal amount of the Outstanding Securities of any series shall have the right to direct the time, method and place of conducting any proceeding for any remedy available to the Trustee or exercising any trust or power conferred on the Trustee with respect to the Securities of such series and any Coupons appertaining thereto, provided that -------- ---- (1) such direction shall not be in conflict with any rule of law or with this Indenture or with the Securities of such series, (2) the Trustee may take any other action deemed proper by the Trustee which is not inconsistent with such direction, andand (3) such Holders have offered the Trustee an indemnity reasonably satisfactory to it against any loss, cost, liability or expense that might been incurred by the Trustee in following such direction. Section 513.

Appears in 1 contract

Samples: Thermo Electron Corp

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