Common use of Evidence of Action Taken by Note Holder Clause in Contracts

Evidence of Action Taken by Note Holder. Any request, demand, authorization, direction, notice, consent, waiver or other action provided by this Indenture to be given or taken by Note Holders may be embodied in and evidenced by one or more instruments of substantially similar tenor signed by such Note Holders in person or by agent duly appointed in writing, and, except as herein otherwise expressly provided, such action shall become effective when such instrument or instruments are delivered to the Indenture Trustee and, if expressly required herein, to the Owner Trustee. Proof of execution of any instrument or of a writing appointing any such agent shall be sufficient for any purpose of this Indenture and (subject to Sections 5.04, 5.05, 6.02 and 6.05) conclusive in favor of the Indenture Trustee and the Owner Trustee if made in the manner provided in this Indenture.

Evidence of Action Taken by Note Holder. Any request, demand, authorization, direction, notice, consent, waiver or other action provided by this Indenture to be given or taken by Note Holders may be embodied in and evidenced by one or more instruments of substantially similar tenor signed by such Trust Indenture Note Holders in person or by agent duly appointed in writing, and, except as herein otherwise expressly provided, such action shall become effective when such instrument or instruments are delivered to the Indenture Trustee and, if expressly required herein, to the Owner Trustee. Proof of execution of any instrument or of a writing appointing any such agent shall be sufficient for any purpose of this Indenture and (subject to Sections 5.04, 5.05, 6.02 and 6.05) conclusive in favor of the Indenture Trustee and the Owner Trustee if made in the manner provided in this Indenture.