Common use of Control by Majority of Controlling Class Clause in Contracts

Control by Majority of Controlling Class. A Majority of the Controlling Class shall have the right following the occurrence, and during the continuance of, an Event of Default to cause the institution of and direct the time, method and place of conducting any Proceeding for any remedy available to the Trustee or exercising any trust or power conferred upon the Trustee under this Indenture; provided that:

Appears in 34 contracts

Samples: Indenture (Blue Owl Credit Income Corp.), Indenture Agreement (HPS Corporate Lending Fund), Indenture and Security Agreement (Blue Owl Technology Income Corp.)

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Control by Majority of Controlling Class. A Majority of the Controlling Class shall have the right following the occurrence, and during the continuance of, an Event of Default to cause the institution of and direct the time, method and place of conducting any Proceeding for any remedy available to the Collateral Trustee or exercising any trust or power conferred upon the Collateral Trustee under this Indenture; provided that:

Appears in 10 contracts

Samples: Indenture and Security Agreement (Blue Owl Credit Income Corp.), Indenture and Security Agreement (PennantPark Floating Rate Capital Ltd.), Indenture and Security Agreement (Blue Owl Capital Corp)

Control by Majority of Controlling Class. A Majority of the Controlling Class shall have the right following the occurrence, and during the continuance of, an Event of Default to cause the institution of and direct the time, method and place of conducting any Proceeding for any remedy available to the Trustee or exercising any trust or power conferred upon the Trustee under this IndentureTrustee; provided that:

Appears in 6 contracts

Samples: Indenture (Palmer Square Capital BDC Inc.), Supplemental Indenture (AB Private Credit Investors Corp), Indenture (AB Private Credit Investors Corp)

Control by Majority of Controlling Class. A Majority of the Controlling Class shall have the right following the occurrence, and during the continuance ofcontinuance, of an Event of Default to cause the institution of and direct the time, method and place of conducting any Proceeding for any remedy available to the Trustee or exercising any trust or power conferred upon the Trustee under this Indenture; provided that:

Appears in 3 contracts

Samples: MidCap Financial Investment Corp, Indenture (Golub Capital Investment Corp), Indenture (Golub Capital BDC, Inc.)

Control by Majority of Controlling Class. A Majority of the Controlling Class shall have the right following the occurrence, and during the continuance of, an Event of Default to cause the institution of and direct the time, method and place of conducting any Proceeding for any remedy available to the Trustee Collateral Agent or exercising any trust or power conferred upon the Trustee Collateral Agent under this Indenture; provided that:

Appears in 2 contracts

Samples: Indenture and Security Agreement (Silver Point Specialty Lending Fund), Indenture (PennantPark Floating Rate Capital Ltd.)

Control by Majority of Controlling Class. A Majority of the Controlling Class shall have the right following the occurrence, and during the continuance of, an Event of Default to cause the institution of and direct the time, method and place of conducting any Proceeding for any remedy available to the Trustee or exercising Trustee, and to direct the exercise of any trust trust, right, remedy or power conferred upon the Trustee under this IndentureTrustee; provided that:

Appears in 2 contracts

Samples: Indenture (Fifth Street Senior Floating Rate Corp.), www.rns-pdf.londonstockexchange.com

Control by Majority of Controlling Class. A Notwithstanding any other provision of this Indenture, but subject to Section 5.5(a)(ii), a Majority of the Controlling Class shall have the right following the occurrence, and during the continuance of, an Event of Default to cause the institution of and direct the time, method and place of conducting any Proceeding for any remedy available to the Trustee or exercising Trustee, and to direct the exercise of any trust trust, right, remedy or power conferred upon the Trustee under this IndentureTrustee; provided that:

Appears in 1 contract

Samples: Indenture (JMP Group LLC)

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Control by Majority of Controlling Class. A Majority of the Controlling Class shall have the right following the occurrenceoccurrence of, and during the continuance of, an Event of Default to cause the institution of and direct the time, method and place of conducting any Proceeding for any remedy available to the Trustee or exercising any trust or power conferred upon the Trustee under this Indenture; provided that:

Appears in 1 contract

Samples: Indenture (MSD Investment Corp.)

Control by Majority of Controlling Class. A Notwithstanding any other provision of this Indenture, a Majority of the Controlling Class shall have the right following the occurrence, and during the continuance of, an Event of Default to cause the institution of and direct the time, method and place of conducting any Proceeding for any remedy available to the Trustee or exercising any trust or of power conferred upon the Trustee under this IndentureTrustee; provided that:

Appears in 1 contract

Samples: Indenture (JMP Group Inc.)

Control by Majority of Controlling Class. A Majority of the Controlling Class with respect to the applicable Portfolio(s) shall have the right following the occurrence, and during the continuance of, an Event of Default to cause the institution of and direct the time, method and place of conducting any Proceeding for any remedy available to the Trustee or exercising any trust or power conferred upon the Trustee under this IndentureTrustee; provided that:

Appears in 1 contract

Samples: Indenture (AB Private Credit Investors Corp)

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