Common use of Direction of Bondholders Clause in Contracts

Direction of Bondholders. Whenever any action, direction or consent is required of the Trustee, the Trustee shall consult with the holders of the Bonds and shall take such action, give such direction or give such consent as the Trustee shall be directed in writing by the Requisite Bondholders.

Appears in 3 contracts

Samples: Financing and Covenant Agreement, Trust Indenture, Trust Indenture

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Direction of Bondholders. Whenever any action, direction or consent is required of the Trustee, the Trustee shall consult with the holders Bondholders of the Bonds and shall take such action, give such direction or give such consent as the Trustee shall be directed in writing by the Requisite Bondholders.. (End of Article VI)

Appears in 2 contracts

Samples: Financing Agreement, Trust Indenture

Direction of Bondholders. Whenever any action, direction or consent is required of the TrusteeTrustee not specifically authorized under this Indenture, the Trustee shall consult with the holders of the Bonds and shall take such action, give such direction or give such consent as the Trustee shall be directed in writing by the Requisite Bondholders.

Appears in 1 contract

Samples: Financing and Covenant Agreement

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Direction of Bondholders. Whenever any action, direction or consent is required of the TrusteeTrustee under any part of this Indenture, the Trustee shall consult with the holders of the Bonds and shall only take such action, give such direction or give such consent as the Trustee shall be directed in writing by the Requisite Bondholders.

Appears in 1 contract

Samples: Trust Indenture

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