Common use of Entitlement of Trustee Clause in Contracts

Entitlement of Trustee. The Trustee shall not and shall not be obliged to take any action in relation to this Trust Deed or the Securities (including but not limited to the giving of any notice pursuant to Condition 14 or the taking of any proceedings and/or other steps mentioned in sub- clause 8.1) against the Issuer to enforce the terms of the Trust Deed or the Securities unless: (a) it shall have been so requested by an Extraordinary Resolution of the Holders; or (b) it shall have been so requested in writing by the Holders of at least 25 per cent. in principal amount of the Securities then outstanding; and in each case, it shall have been indemnified and/or secured and/or pre-funded to its satisfaction.

Entitlement of Trustee. The Trustee shall not and shall not be obliged to take any action in relation to this Trust Deed or the Securities Notes (including but not limited to the giving of any notice pursuant to Condition 14 15 or the taking of any proceedings and/or other steps mentioned in sub- clause 8.1this Trust Deed) against the Issuer to enforce the terms of the Trust Deed or the Securities Notes unless: (a) it shall have been so requested by an Extraordinary Resolution of the HoldersNoteholders; or (b) it shall have been so requested in writing by the Holders Noteholders of at least 25 per cent. 25% in aggregate principal amount of the Securities Notes then outstanding; and (c) in accordance with Condition 12, and in each case, it shall have been indemnified and/or secured and/or pre-funded to its satisfaction.

Entitlement of Trustee. The Trustee shall not and shall not be obliged to take any action in relation to this Trust Deed or the Securities Notes (including but not limited to the giving of any notice pursuant to Condition 14 or the taking of any proceedings and/or other steps mentioned in sub- sub-clause 8.17.1) against the Issuer to enforce the terms of the Trust Deed or the Securities Notes unless: (a) it shall have been so requested by an Extraordinary Resolution of the HoldersNoteholders; or (b) it shall have been so requested in writing by the Holders Noteholders of at least 25 per cent. in principal amount of the Securities Notes then outstanding; and in each case, it shall have been indemnified and/or secured and/or pre-funded to its satisfaction.

Entitlement of Trustee. The Trustee shall not and shall not be obliged to take any action in relation to this Trust Deed or the Securities Notes (including but not limited to the giving of any notice pursuant to Condition 14 17 or the taking of any proceedings and/or other steps mentioned in sub- sub-clause 8.1) against the Issuer to enforce the terms of the Trust Deed or the Securities Notes unless: (a) it shall have been so requested by an Extraordinary Resolution of the HoldersNoteholders; or (b) it shall have been so requested in writing by the Holders Noteholders of at least 25 per cent. in principal amount of the Securities Notes then outstanding; and in each case, it shall have been indemnified and/or secured and/or pre-funded to its satisfaction.