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 (or such lesser amount as shall have acted at a meeting pursuant to the provisions of this Indenture) 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, provided that

Appears in 1 contract

Samples: Indenture (First Nationwide Holdings Inc)

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Control by Holders of Securities. The Holders of a majority in principal amount of the Outstanding Securities (or such lesser amount as shall have acted at a meeting pursuant to the provisions of this Indenture) shall will 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, with respect to the Securities; provided that, the Trustee may refuse to follow any direction that conflicts with any rule of law or with this Indenture, that is prejudicial to the rights of other Holders or that would involve the Trustee in personal liability.

Appears in 1 contract

Samples: Indenture (Conseco Inc)

Control by Holders of Securities. The Holders of a majority in aggregate principal amount of the Outstanding Securities (or such lesser amount as shall have acted at as a meeting pursuant to the provisions of this Indenture) 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, provided that-------- that ----

Appears in 1 contract

Samples: Comverse Technology Inc/Ny/

Control by Holders of Securities. The Subject to Section 6.3, the -------------------------------- Holders of a majority in principal amount of the Outstanding Securities (or such lesser amount as shall have acted at a meeting pursuant to the provisions of this Indenture) 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, provided that

Appears in 1 contract

Samples: Indenture (Exodus Communications Inc)

Control by Holders of Securities. The Holders of a majority in principal amount Original Principal Amount of the Outstanding Securities (or such lesser amount as shall have acted at a meeting pursuant to the provisions of this Indenture) 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; provided, provided that:

Appears in 1 contract

Samples: Feg Holdings Inc

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Control by Holders of Securities. 114- 126 The Holders of a majority in principal amount of the Outstanding Securities (or such lesser amount as shall have acted at a meeting pursuant to the provisions of this Indenture) 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, provided PROVIDED that

Appears in 1 contract

Samples: Staples Inc

Control by Holders of Securities. The Holders of a majority in principal amount of the Securities Outstanding Securities (or such lesser amount as shall have acted at a meeting pursuant to the provisions of this IndentureArticle Nine) shall have the right to direct the Trustee as to 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, provided that:

Appears in 1 contract

Samples: Main Place Real Estate Investment Trust /Md/

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