Control by Owners. The Owners of a majority of the Outstanding Amount of the Notes 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 4 contracts
Samples: Indenture (Imc Securities Inc), Indenture (Imc Home Equity Loan Owner Trust 1997-8), First Alliance Mortgage Co /De/