Common use of Directions Clause in Contracts

Directions. Any direction required to be given by the Noteholders shall be given hereunder by the Insurer, unless the Insurer is no longer the Controlling Party, in which case the Majority Noteholders shall be entitled to give such direction.

Directions. Any direction required to be given by the Noteholders shall be given hereunder by the Insurer, unless an Insurer Default shall have occurred and be continuing or the Insurer is no longer the Controlling PartyPolicy shall have expired in accordance with its terms, in which case the Indenture Trustee, acting at the direction of the Majority Noteholders Noteholders, shall be entitled to give such direction.

Directions. Any direction required to be given by the Noteholders shall be given hereunder by the Insurer, unless the Insurer is no longer ceases to be the Controlling PartyParty or the Policy shall have expired in accordance with its terms, in which case the Indenture Trustee, acting at the direction of the Majority Noteholders Noteholders, shall be entitled to give such direction.

Directions. Any direction required to be given by the Noteholders shall be given hereunder by the Note Insurer, unless the an Insurer is no longer the Controlling PartyDefault shall have occurred and be continuing, in which case the Majority Noteholders shall be entitled to give such direction.

Directions. Any direction required to be given by the Noteholders shall be given hereunder by the Insurer, unless an Insurer Default shall have occurred and be continuing or if the Insurer is no longer the Controlling PartyInsurance Agreement has terminated, in which case the Majority Noteholders shall be entitled to give such direction.