Instructions from Note Holders Clause Samples
The "Instructions from Note Holders" clause defines the process by which holders of notes can collectively provide directions or instructions to the issuer or trustee regarding the administration of the notes. Typically, this clause outlines the threshold of note holders—such as a majority or supermajority—required to issue binding instructions, and may specify the types of actions that can be directed, such as waiving defaults or approving amendments. Its core function is to facilitate organized and efficient decision-making among dispersed note holders, ensuring that their collective interests can be represented and acted upon in a structured manner.
Instructions from Note Holders. In the administration of the trusts created hereunder, the Mortgagee shall have the right to seek instructions from a Majority in Interest of Note Holders should any provision of this Trust Indenture appear to conflict with any other provision herein or should the Mortgagee's duties or obligations hereunder be unclear, and the Mortgagee shall incur no liability in refraining from acting until it receives such instructions. The Mortgagee shall be fully protected for acting in accordance with any instructions received under this Section 6.08.
Instructions from Note Holders. In the administration of the trusts created hereunder, the Indenture Trustee shall have the right to seek instructions from a Majority in Interest of Note Holders should any provision of this Trust Indenture appear to conflict with any other provision herein or should the Indenture Trustee's duties or obligations hereunder be unclear, and the Indenture Trustee shall incur no liability in refraining from acting until it receives such instructions. The Indenture Trustee shall be fully protected for acting in accordance with any instructions received under this Section 6.08.
Instructions from Note Holders. In the administration of the trusts created hereunder, the Loan Trustee shall have the right to seek instructions from a Majority in Interest of Note Holders should any provision of this Trust Indenture appear to conflict with any other provision herein or should Loan Trustee's duties or obligations hereunder be unclear, and Loan Trustee shall incur no liability in refraining from acting until it receives such instructions. Loan Trustee shall be fully protected for acting in accordance with any instructions received under this Section 6.08. 874 75
Instructions from Note Holders. In the administration of the trusts created hereunder and under the other Security Agreements, the Mortgagee shall have the right to seek instructions from a Majority in Interest of Note Holders should any provision of any Security Agreement appear to conflict with any other provision in any Security Agreement or should the Mortgagee’s duties or obligations under any Security Agreement be unclear, and the Mortgagee shall incur no liability in refraining from acting until it receives such instructions. The Mortgagee shall be fully protected for acting in accordance with any instructions received under this Section 7.07.
Instructions from Note Holders. In the administration of the trusts created hereunder, Mortgagee shall have the right to seek instructions from a Majority in Interest of Note Holders if any provision of this Mortgage appears to conflict with any other provision herein or if Mortgagee's duties or obligations hereunder are unclear, and Mortgagee shall incur no liability in refraining from acting until it receives such
Instructions from Note Holders. In the administration of the trusts created hereunder and under the other Security Agreements, the Mortgagee shall have the right to seek instructions from a Majority in Interest of Note Holders should any provision of any Security Agreement appear to conflict with any other provision in any Security Agreement or should the Mortgagee’s duties or obligations under any Security Agreement be unclear, and the Mortgagee shall incur no liability in refraining from acting until it receives such instructions. The Mortgagee shall be fully protected for acting in accordance with any instructions received under this Section 7.07.