Common use of Control by Requisite Investors Clause in Contracts

Control by Requisite Investors. The Requisite Group II Investors (or, where such remedy relates only to one or more particular Series of Group II Notes, the Required Series Noteholders of any such Series of Group II Notes) may direct the time, method and place of conducting any proceeding for any remedy available to the Trustee on behalf of such Group II Noteholders or exercising any trust or power conferred on the Trustee. Subject to Section 7.1 of the Base Indenture, the Trustee may, however, refuse to follow any direction that conflicts with law or the Group II Indenture, that the Trustee determines may be unduly prejudicial to the rights of other Group II Noteholders, or that may involve the Trustee in personal liability.

Control by Requisite Investors. The Requisite Group II I Investors (or, where such remedy relates only to one or more particular Series of Group II I Notes, the Required Series Noteholders of any such Series of Group II I Notes) may direct the time, method and place of conducting any proceeding for any remedy available to the Trustee on behalf of such Group II I Noteholders or exercising any trust or power conferred on the Trustee. Subject to Section 7.1 of the Base Indenture, the Trustee may, however, refuse to follow any direction that conflicts with law or the Group II I Indenture, that the Trustee determines may be unduly prejudicial to the rights of other Group II I Noteholders, or that may involve the Trustee in personal liability.