Common use of Direction of Trustee Clause in Contracts

Direction of Trustee. Upon the happening of any Event of Default, except as expressly provided herein, the Noteholders of at least a majority of the Outstanding Amount of the Highest Priority Notes, shall have the right by an instrument or instruments in writing delivered to the Trustee to direct and control the Trustee as to the method of taking any and all proceedings for any investment or sale of any or all of the Trust Estate (in accordance with and subject to the satisfaction of the further conditions set forth in Section 6.04 hereof), or for the appointment of a

Direction of Trustee. Upon the happening of any Event of Default, except as expressly provided herein, the Noteholders Registered Owners of at least a majority in aggregate principal amount of the Outstanding Amount of the Highest Priority NotesNotes then Outstanding, shall have the right by an instrument or instruments in writing delivered to the Trustee to direct and control the Trustee as to the method of taking any and all action or instituting any proceedings for any investment or sale of any or all of the Trust Estate (in accordance with with, and subject to the satisfaction of the further conditions set forth in Section 6.04 hereof), or for the appointment of athe

Direction of Trustee. Upon the happening of any Event of Default, except as expressly provided herein, the Noteholders Registered Owners of at least a majority in aggregate principal amount of the Outstanding Amount of the Highest Priority NotesNotes then Outstanding, shall have the right by an instrument or instruments in writing delivered to the Trustee to direct and control the Trustee as to the method of taking any and all proceedings for any investment or sale of any or all of the Trust Estate (in accordance with and subject to the satisfaction of the further conditions set forth in Section 6.04 hereof)Estate, or for the appointment of aa receiver, if permitted by law, and may at any time cause any proceedings authorized by the terms hereof to be so taken or to be discontinued