DIRECTION OF SECURED PARTIES. The Majority in Interest of Owner Lessors shall be entitled to give and refrain from giving consents and directions to the Collateral Agent on behalf of all the Secured Parties (and all Secured Parties shall be bound by such action).
Appears in 7 contracts
Samples: Pledge and Collateral Agreement (Eme Homer City Generation Lp), Guarantee and Collateral Agreement (Eme Homer City Generation Lp), Guarantee and Collateral Agreement (Eme Homer City Generation Lp)
DIRECTION OF SECURED PARTIES. The As provided in the Ownership and Operating Agreement, which is assigned to each Bondholder Trustee, the Majority in Interest of Owner Lessors shall be entitled to give and refrain from giving consents and directions to the Collateral Agent on behalf of all the Secured Parties (and all Secured Parties shall be bound by such action).
Appears in 1 contract
Samples: Guarantee and Collateral Agreement (Eme Homer City Generation Lp)
DIRECTION OF SECURED PARTIES. The As provided in the Ownership and Operating Agreement, the Majority in Interest (defined in the Ownership and Operating Agreement) of Owner Lessors shall be entitled to give and refrain from giving consents and directions to the Collateral Agent on behalf of all the Secured Parties (and all Secured Parties shall be bound by such action).
Appears in 1 contract
Samples: Pledge and Collateral Agreement (Eme Homer City Generation Lp)
