Common use of Control by the Noteholders Clause in Contracts

Control by the Noteholders. The Holders 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 6 contracts

Samples: Indenture (Hyundai Auto Receivables Trust 2010-B), Indenture (Hyundai Abs Funding Corp), Indenture (Hyundai Abs Funding Corp)

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Control by the Noteholders. The Holders 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 provided, that:

Appears in 1 contract

Samples: Hyundai Auto Receivables Trust 2011-C

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