Control by Majority of Holders. Subject to Section 7.01(e), the Holders of a majority in aggregate principal amount of the then outstanding Notes may 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 it by this Indenture. However, the Trustee may refuse to follow any direction that conflicts with law or this Indenture, that the Trustee determines may be unduly prejudicial to the rights of other Holders, or would involve the Trustee in personal liability.
Control by Majority of Holders. Upon the occurrence of an Event of Default, the Majority of Holders shall, subject to the express provisions of Article VIII of this Loan Agreement, have the right to direct the time, method and place of conducting any Proceeding for any remedy available to the Agent or exercising any trust or power conferred on the Agent, provided that (i) such direction shall not be in conflict with any rule of law or with this Loan Agreement, including, without limitation, Section 804 hereof, (ii) such Noteholders have offered to the Agent reasonable indemnity against costs, expenses and liabilities which it might incur in connection therewith (the unsecured indemnity of a Rated Institutional Noteholder being deemed sufficient for such purpose) and (iii) the Agent may take any other action deemed proper by the Agent which is not inconsistent with such direction provided, however, that the Agent need not take any action which it determines might involve it in personal liability or be unjustly prejudicial to the Noteholders not consenting.
Control by Majority of Holders. Subject to Section 7.01(e), the Holders of a majority in aggregate principal amount of the then outstanding Notes may 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 it by this Indenture. However, the Trustee may refuse to follow any direction that conflicts with law or this Indenture, that the Trustee determines may be unduly prejudicial to the rights of other Holders, or would involve the Trustee in personal liability. The Trustee may take any other action deemed proper by the Trustee that is not inconsistent with such direction. Notwithstanding any provision to the contrary in this Indenture, the Trustee shall not be obligated to take any action with respect to the provisions of Section 6.12 hereof unless directed to do so pursuant to this Section 6.05.
Control by Majority of Holders. SECTION 6.06. Limitation of Suits by Holders
Control by Majority of Holders. Subject to Section 12(e), the Holders of a majority of the aggregate Liquidation Preference of the then outstanding Senior Preferred Stock may direct the time, method and place of conducting any proceeding for any remedy available to the Bank or exercising any trust or power conferred on it by this Transfer Agency Agreement. However, the Bank may refuse to follow any direction that conflicts with law or this Transfer
Control by Majority of Holders. 44 SECTION 6.06. Limitations on Suits by Holders . . . . . . . . . . . . . . . . . . . . . . 44 SECTION 6.07. Rights of Holders to Receive Payment . . . . . . . . . . . . . . . . . . . . 44 SECTION 6.08. Collection Suit by Trustee . . . . . . . . . . . . . . . . . . . . . . . . . 44 SECTION 6.09. Trustee May File Proofs of Claim . . . . . . . . . . . . . . . . . . . . . . 44 SECTION 6.10. Priorities . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 45 SECTION 6.11. Undertaking for Costs . . . . . . . . . . . . . . . . . . . . . . . . . . . 45 ARTICLE 7 TRUSTEE SECTION 7.01. Duties of Trustee . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 45 SECTION 7.02.
Control by Majority of Holders. Subject to Section 7.01(e), the Holders of a majority in aggregate principal amount of the then outstanding Notes may direct the time, method and place of conducting any proceeding for any remedy available to the Trustee or the Notes Collateral Agent or exercising any trust or power conferred on it by this Indenture. However, the Trustee or the Notes Collateral Agent may refuse to follow any direction that conflicts with law, this Indenture or any Security Document, that the Trustee or the Notes Collateral Agent determines may be unduly prejudicial to the rights of other Holders, or would involve the Trustee or the Notes Collateral Agent in personal liability.
