Common use of Control by Noteholders Clause in Contracts

Control by Noteholders. The Holders of at least a majority of the Outstanding Amount of the Controlling Securities 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:

Appears in 70 contracts

Samples: Indenture (World Omni Select Auto Trust 2024-A), Indenture (World Omni Auto Receivables Trust 2024-B), Indenture (World Omni Auto Receivables Trust 2024-B)

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Control by Noteholders. The Holders of at least a majority 50% of the Outstanding Amount of the Controlling Securities 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:

Appears in 34 contracts

Samples: Indenture (World Omni Auto Receivables LLC), Indenture (World Omni Auto Receivables LLC), Indenture (World Omni Auto Receivables LLC)

Control by Noteholders. The Holders of at least a majority [Subject to the rights of the Outstanding Amount of Securities Insurer under Section 11.18 hereof,] the Controlling Securities Majority Noteholders 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 provided, however, that:

Appears in 5 contracts

Samples: Bcap LLC, Hsi Asset Securitization Corp, Hsi Asset Securitization Corp

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Control by Noteholders. The Holders of at least a majority 50% of the ---------------------- Outstanding Amount of the Controlling Securities 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:

Appears in 2 contracts

Samples: Indenture (World Omni Auto Receivables LLC), World Omni Auto Receivables LLC

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