Limitations on Suits. Subject to Section 5.07, a Holder may pursue a remedy with respect to this Indenture (including the Guarantees, if any) or the Securities only if: (i) such Holder gives to the Trustee written notice of a continuing Event of Default; (ii) the Holders of at least 25% in aggregate principal amount of the applicable series of Securities then outstanding make a written request to the Trustee to pursue the remedy; (iii) such Holder or Holders furnish to the Trustee reasonable indemnity satisfactory to the Trustee against any loss, liability or expense; (iv) the Trustee does not comply with the request within 60 days after receipt of the request and the furnishing of indemnity; and (v) during such 60-day period the Holders of a majority in aggregate principal amount of the applicable series of Securities then outstanding do not give the Trustee a direction inconsistent with the request. A Holder may not use this Indenture to prejudice the rights of another Holder or to obtain a preference or priority over another Holder (it being understood that the Trustee does not have an affirmative duty to ascertain whether or not such action or forbearances are unduly prejudicial to such Holders).
Appears in 6 contracts
Samples: Indenture (Nabors Industries Inc), Indenture (Nabors Industries Inc), Indenture (Nabors Industries Inc)
Limitations on Suits. Subject to Section 5.07, a Holder of Securities may pursue a remedy with respect to this Indenture (including the Guarantees, if any) or the Securities only if:
(i) such Holder gives to the Trustee written notice of a continuing Event of Default;
(ii) the Holders of at least 25% in aggregate principal amount of the applicable series of Securities then outstanding make a written request to the Trustee to pursue the remedy;
(iii) such Holder or Holders furnish to the Trustee reasonable indemnity and security satisfactory to the Trustee against any loss, liability or expense;
(iv) the Trustee does not comply with the request within 60 days after receipt of the request and the furnishing of such indemnity; and
(v) during such 60-day period the Holders of a majority in aggregate principal amount of the applicable series of Securities then outstanding do not give the Trustee a direction inconsistent with the request. A Holder may not use this Indenture to prejudice the rights of another Holder or to obtain a preference or priority over another Holder (it being understood that the Trustee does not have an affirmative duty to ascertain whether or not such action or forbearances are unduly prejudicial to such HoldersHolders or obtain a preference or priority over another Holder).
Appears in 5 contracts
Samples: Indenture (Nabors Industries LTD), Indenture (Nabors Industries LTD), Indenture (Nabors Industries LTD)
Limitations on Suits. Subject to Section 5.076.07 hereof, a Holder of a Debt Security of any series may pursue a remedy with respect to this Indenture (including the Guarantees, if any) or the Debt Securities of such series only if:
(i1) such the Holder gives has previously given to the Trustee written notice of a continuing Event of DefaultDefault with respect to such series;
(ii2) the Holders of at least 25% in aggregate principal amount of the applicable series of Securities then outstanding make Debt Securities of such series have made a written request to the Trustee to pursue the remedy;
(iii3) such Holder or Holders furnish have offered to the Trustee reasonable security or indemnity satisfactory to the Trustee against any losscost, liability or expense;
(iv4) the Trustee does has not comply complied with the request within 60 days after receipt of the request and the furnishing offer of security or indemnity; and
(v5) during such 60-day period the Holders of a majority in aggregate principal amount of the applicable Debt Securities of that series of Securities then outstanding do have not give given the Trustee a direction that, in the opinion of the Trustee, is inconsistent with the request. A Holder may not use this Indenture to prejudice the rights of another Holder or to obtain a preference or priority over another Holder (it being understood that the Trustee does not have an affirmative duty to ascertain whether or not such action or forbearances are unduly prejudicial to such Holders)Holder.
Appears in 5 contracts
Samples: Indenture (Energy Transfer LP), Indenture (Energy Transfer LP), Indenture (Energy Transfer Partners, L.P.)
Limitations on Suits. Subject to Section 5.076.07 hereof, a Holder of a Security of any series may pursue a remedy with respect to this Indenture (including or the Securities of such series or the related Guarantees, if any) or the Securities , only if:
(i1) such the Holder gives to the Trustee written notice of a continuing Event of DefaultDefault with respect to such series;
(ii2) the Holders of at least 25% in aggregate principal amount of the applicable series of Securities then outstanding Securities of such series make a written request to the Trustee to pursue the remedy;
(iii3) such Holder or Holders furnish offer to the Trustee reasonable indemnity satisfactory to the Trustee against any loss, liability or expense;
(iv4) the Trustee does not comply with the request within 60 days after receipt of the request and the furnishing offer of indemnity; and
(v5) during such 60-day period period, the Holders of a majority in aggregate principal amount of the applicable Securities of such series of Securities then outstanding do not give the Trustee a direction inconsistent with the request. A Holder may not use this Indenture to prejudice the rights of another Holder or to obtain a preference or priority over another Holder (it being understood that the Trustee does not have an affirmative duty to ascertain whether or not any such action use by a Holder prejudices the rights of any other Holder or forbearances are unduly prejudicial to obtains preference or priority over such Holdersother Holder).
Appears in 4 contracts
Samples: Senior Indenture (Jones Energy, Inc.), Subordinated Indenture (Jones Energy, Inc.), Senior Indenture (Jones Energy Holdings, LLC)
Limitations on Suits. Subject to Section 5.076.07 hereof, a Holder of a Security of any series may pursue a remedy with respect to this Indenture (including or the Securities of such series or the related Guarantees, if any) or the Securities , only if:
(i1) such the Holder gives has previously given to the Trustee written notice of a continuing Event of DefaultDefault with respect to such series;
(ii2) the Holders of at least 25% in aggregate principal amount of the applicable series of Securities then outstanding Securities of such series make a written request to the Trustee to pursue the remedy;
(iii3) such Holder or Holders furnish offer to the Trustee reasonable indemnity satisfactory to the Trustee against any loss, liability or expense;
(iv4) the Trustee does not comply with the request within 60 days after receipt of the request and the furnishing offer of indemnity; and
(v5) during such 60-day period period, the Holders of a majority in aggregate principal amount of the applicable Securities of such series of Securities then outstanding do not give the Trustee a direction inconsistent with the request. A Holder may not use this Indenture to prejudice the rights of another Holder or to obtain a preference or priority over another Holder (it being understood that the Trustee does not have an affirmative duty to ascertain whether or not any such action use by a Holder prejudices the rights of any other Holder or forbearances are unduly prejudicial to obtains preference or priority over such Holdersother Holder).
Appears in 4 contracts
Samples: Indenture (Contango ORE, Inc.), Indenture (Riley Exploration Permian, Inc.), Indenture (KLX Energy Services Holdings, Inc.)
Limitations on Suits. Subject to Section 5.07, a (a) A Holder may not pursue a any remedy with respect to this Indenture or the Securities (including the Guaranteesexcept actions for payment of overdue principal, premium, if any) , or interest or for the conversion of the Securities only ifpursuant to Article 4) unless:
(i1) such the Holder gives to the Trustee written notice of a continuing Event of Default;
(ii2) the Holders of at least 25% in aggregate principal amount of the applicable series of Securities then outstanding Securities make a written request to the Trustee to pursue the remedy;
(iii3) such Holder or Holders furnish offer to the Trustee reasonable security or indemnity satisfactory to the Trustee it against any loss, liability or expense;
(iv4) the Trustee does not comply with the request within 60 days after receipt of the request and the furnishing offer of security or indemnity; and
(v5) no direction inconsistent with such written request has been given to the Trustee during such 60-day period by the Holders of a majority in aggregate principal amount of the applicable series of Securities then outstanding do not give the Trustee outstanding.
(b) No Holder of a direction inconsistent with the request. A Holder may not use Security shall have any right under any provision of this Indenture or the Securities to affect, disturb, or prejudice the rights of another Holder of a Security or to obtain a preference or priority over another Holder (it being understood that the Trustee does not have an affirmative duty to ascertain whether or not such action or forbearances are unduly prejudicial to such Holders)of a Security.
Appears in 3 contracts
Samples: Master Transaction Agreement (Cig Media LLC), Master Transaction Agreement (Ion Media Networks Inc.), Master Transaction Agreement (Cig Media LLC)
Limitations on Suits. Subject to Section 5.076.07 hereof, a Holder of a Security of any series may pursue a remedy with respect to this Indenture (including the Guarantees, if any) or the Securities of that series only if:
(i1) such the Holder gives to the Trustee written notice of a continuing Event of DefaultDefault with respect to that series;
(ii2) the Holders of at least 25% in aggregate principal amount of the applicable series of Securities then outstanding Securities of that series make a written request to the Trustee to pursue the remedy;
(iii3) such Holder or Holders furnish offer to the Trustee reasonable indemnity satisfactory to the Trustee in its sole discretion against any loss, liability or expense;
(iv4) the Trustee does not comply with the request within 60 days after receipt of the request and the furnishing offer of indemnity; and
(v5) during such that 60-day period period, the Holders of a majority in aggregate principal amount of the applicable Securities of that series of Securities then outstanding do not give the Trustee a direction inconsistent with the request. A Holder may not use this Indenture to prejudice the rights of another Holder or to obtain a preference or priority over another Holder (it being understood that the Trustee does not have an affirmative duty to ascertain whether or not any such action use by a Holder prejudices the rights of any other Holders or forbearances are unduly prejudicial to obtains priority or preference over such other Holders).
Appears in 3 contracts
Samples: Senior Indenture (Post Holdings, Inc.), Indenture (McDermott International Inc), Subordinated Indenture (McDermott International Inc)
Limitations on Suits. Subject to Section 5.07, a Holder of Securities of any series may pursue a remedy with respect to this Indenture (including the Guarantees, if any) or the Securities of that series only if:
(i) such Holder gives to the Trustee written notice in conformity with Section 11.02 of a continuing Event of DefaultDefault with respect to that series;
(ii) the Holders of at least 25% in aggregate principal amount of the applicable Securities of such series of Securities then outstanding make a written request to the Trustee to pursue the remedy;
(iii) such Holder or Holders offer to furnish to the Trustee reasonable indemnity reasonably satisfactory to the Trustee against any loss, liability or expense;
(iv) the Trustee does not comply with the request within 60 days after receipt of the request and the furnishing of such indemnity; and
(v) during such 60-day period the Holders of a majority in aggregate principal amount of the applicable Securities of such series of Securities then outstanding do not give the Trustee a direction inconsistent with the request. A Holder may not use this Indenture to prejudice the rights of another Holder or to obtain a preference or priority over another Holder (it being understood that the Trustee does not have an affirmative duty to ascertain whether or not such action or forbearances are unduly prejudicial to such Holders).
Appears in 2 contracts
Samples: Indenture (Columbia Pipeline Group, Inc.), Indenture (Nisource Inc/De)
Limitations on Suits. Subject to Section 5.07, a Holder may pursue a remedy with respect to this Indenture (including the Guarantees, if any) or the Securities only if:
(i) such Holder gives to the Trustee written notice of a continuing Event of Default;
(ii) the Holders of at least 25% in aggregate principal amount of the applicable series of Securities then outstanding make a written request to the Trustee to pursue the remedy;
(iii) such Holder or Holders furnish to the Trustee reasonable indemnity satisfactory to the Trustee against any loss, liability or expense;
(iv) the Trustee does not comply with the request within 60 days after receipt of the request and the furnishing of indemnity; and
(v) during such 60-day period the Holders of a majority in aggregate principal amount of the applicable series of Securities then outstanding do not give the Trustee a direction inconsistent with the request. A Holder may not use this Indenture to prejudice the rights of another Holder or to obtain a preference or priority over another Holder (it being understood that the Trustee does not have an affirmative duty to ascertain whether or not such action or forbearances are unduly prejudicial to such Holders).
Appears in 2 contracts
Samples: Indenture (Nabors Industries LTD), Indenture (Nabors Industries LTD)
Limitations on Suits. Subject Except to Section 5.07enforce the right to receive payment of principal of, or interest on, a Note when due or to receive the consideration due upon conversion of a Note in accordance with Article 4, a Holder may not pursue a any remedy with respect to this Indenture (including the Guarantees, if any) or the Securities only ifNotes unless:
(ia) such Holder gives to has previously given the Trustee written notice of a continuing that an Event of DefaultDefault is continuing;
(iib) the Holders of at least 25% in aggregate principal amount of the applicable series of Securities Notes then outstanding make a written request to have requested the Trustee to pursue the such remedy;
(iiic) such Holder or Holders furnish have offered, and if requested, provided to the Trustee reasonable security or indemnity reasonably satisfactory to the Trustee against any loss, liability or expense;
(ivd) the Trustee does has not comply complied with the such request within 60 days after the receipt of the such request and the furnishing offer of security or indemnity; and
(ve) during such 60-day period the Holders of a majority in aggregate principal amount of the applicable series of Securities Notes then outstanding do have not give given the Trustee a direction that, in the opinion of the Trustee, is inconsistent with the requestsuch request within such 60 day period. A Holder may not use this Indenture to prejudice the rights of another Holder or to obtain a preference or priority over another Holder (it being understood that the Trustee does not have an affirmative duty to ascertain whether or not such action or forbearances are unduly prejudicial to such Holders)other Holder.
Appears in 2 contracts
Limitations on Suits. Subject In case an Event of Default occurs and is continuing, the Trustee will be under no obligation to Section 5.07, a Holder may pursue a remedy with respect to exercise any of the rights or powers under this Indenture (including at the Guarantees, if any) request or the direction of any Holders of a Series of Securities only if:
(i) unless such Holder gives Holders have offered to the Trustee written notice of a continuing Event of Default;
(ii) the Holders of at least 25% in aggregate principal amount of the applicable series of Securities then outstanding make a written request to the Trustee to pursue the remedy;
(iii) such Holder indemnity or Holders furnish to the Trustee reasonable indemnity security satisfactory to the Trustee against any loss, liability or expense. Except to enforce the right to receive payment of principal, premium (if any) or interest when due, no Holder of a Security may pursue any remedy with respect to this Indenture unless:
(1) such Holder has previously given the Trustee notice that an Event of Default is continuing;
(iv2) Holders of at least 30% in aggregate principal amount of such Series of Securities that are then outstanding have requested the Trustee to pursue the remedy;
(3) such Holders have offered the Trustee reasonable security or indemnity against any loss, liability or expense;
(4) the Trustee does has not comply complied with the such request within 60 days after the receipt of the request thereof and the furnishing offer of security or indemnity; and;
(v5) during such 60-day period the Holders of a majority in aggregate principal amount of the applicable series such Series of Securities that are then outstanding do have not give given the Trustee a direction inconsistent with the request. A Holder may such request within such 60-day period; and
(6) such Holders are not use this Indenture to prejudice the rights of another Holder or to obtain a preference or priority over another Holder (it being understood that the Trustee does not have an affirmative duty to ascertain whether or not prohibited from taking such action or forbearances are unduly prejudicial pursuant to such Holders)the terms of the Collateral Trust Agreement.
Appears in 2 contracts
Samples: Indenture (Vistra Corp.), Indenture (Vistra Energy Corp.)
Limitations on Suits. Subject to Section 5.07, a Holder may pursue a remedy with respect to this Indenture (including the Guarantees, if any) or the Securities only if:
(i) such Holder gives to the Trustee written notice of a continuing Event of Default;
(ii) the Holders of at least 25% in aggregate principal amount of the applicable series of Securities then outstanding make a written request to the Trustee to pursue the remedy;
(iii) such Holder or Holders furnish to the Trustee reasonable indemnity reasonably satisfactory to the Trustee against any loss, liability or expense;
(iv) the Trustee does not comply with the request within 60 days after receipt of the request and the furnishing of such indemnity; and
(v) during such 60-day period the Holders of a majority in aggregate principal amount of the applicable series of Securities then outstanding do not give the Trustee a direction inconsistent with the request. A Holder may not use this Indenture to prejudice the rights of another Holder or to obtain a preference or priority over another Holder (it being understood that the Trustee does not have an affirmative duty to ascertain whether or not such action or forbearances are unduly prejudicial to such Holders).
Appears in 2 contracts
Samples: Indenture (Nabors Industries LTD), Indenture (Nabors Industries LTD)
Limitations on Suits. Subject to Section 5.076.07 hereof, a Holder of a Security of any series may pursue a remedy with respect to this Indenture (including or the Securities of such series or the related Guarantees, if any) or the Securities , only if:
(i1) such the Holder gives to the Trustee written notice of a continuing Event of DefaultDefault with respect to such series;
(ii2) the Holders of at least 25% in aggregate principal amount of the applicable series of Securities then outstanding Securities of such series make a written request to the Trustee to pursue the remedy;
(iii3) such Holder or Holders furnish offer to the Trustee reasonable indemnity satisfactory to the Trustee against any loss, liability or expense;
(iv4) the Trustee does not comply with the request within 60 days after receipt of the request and the furnishing offer of security or indemnity; and
(v5) during such 60-day period period, the Holders of a majority in aggregate principal amount of the applicable Securities of such series of Securities then outstanding do not give the Trustee a direction inconsistent with the request. A Holder may not use this Indenture to prejudice the rights of another Holder or to obtain a preference or priority over another Holder (it being understood that the Trustee does not have an affirmative duty to ascertain whether such use prejudices the rights of another Holder or not such action obtains a preference or forbearances are unduly prejudicial to such Holderspriority over another Holder).
Appears in 2 contracts
Samples: Indenture (Patterson Uti Energy Inc), Indenture (Patterson Uti Energy Inc)
Limitations on Suits. Subject to Section 5.07, a Holder may pursue a remedy with respect to this Indenture (including the Guarantees, if any) or the Securities only if:
(i) such Holder gives to the Trustee written notice of a continuing Event of Default;
(ii) the Holders of at least 25% in aggregate principal amount of the applicable series of Securities then outstanding make a written request to the Trustee to pursue the remedy;
(iii) such Holder or Holders furnish offer to the Trustee reasonable indemnity satisfactory to the Trustee against any loss, liability or expense;
(iv) the Trustee does not comply with the request within 60 days after receipt of the request and the furnishing offering of indemnity; and;
(v) during such 60-day period the Holders of a majority in aggregate principal amount of the applicable series of Securities then outstanding do not give the Trustee a direction inconsistent with the request. A Holder may not use this Indenture to prejudice the rights of another Holder or to obtain a preference or priority over another Holder (it being understood that the Trustee does not have an affirmative duty to ascertain whether or not such action or forbearances are unduly prejudicial to such Holders).
Appears in 1 contract
Samples: Indenture (Helmerich & Payne, Inc.)
Limitations on Suits. Subject to Section 5.076.07 hereof, a Holder of a Security of any series may pursue a remedy with respect to this Indenture (including or the Securities of such series or the related Guarantees, if any) or the Securities , only if:
(i1) such the Holder gives to the Trustee written notice of a continuing Event of DefaultDefault with respect to such series;
(ii2) the Holders of at least 25% in aggregate principal amount of the applicable series of Securities then outstanding Securities of such series make a written request to the Trustee to pursue the remedy;
(iii3) such Holder or Holders furnish offer to the Trustee reasonable indemnity satisfactory to the Trustee against any loss, liability or expense;
(iv4) the Trustee does not comply with the request within 60 days after receipt of the request and the furnishing offer of security or indemnity; and
(v5) during such 60-day period period, the Holders of a majority in aggregate principal amount of the applicable Securities of such series of Securities then outstanding do not give the Trustee a direction inconsistent with the request. A Holder may not use this Indenture to prejudice the rights of another Holder or to obtain a preference or priority over another Holder (it being understood that the Trustee does not have an affirmative duty to ascertain whether such use prejudices the rights of another Holder or not such action obtains a preference or forbearances are unduly prejudicial to such Holderspriority over another Holder).. 103548781.7
Appears in 1 contract
Samples: Indenture (Patterson Uti Energy Inc)
Limitations on Suits. Subject to Section 5.07, a Holder of Securities of either series may pursue a remedy with respect to this Indenture (including the Guarantees, if any) or the Securities of that series only if:
(i) such Holder gives to the Trustee written notice of a continuing Event of DefaultDefault with respect to that series;
(ii) the Holders of at least 25% in aggregate principal amount of the applicable Securities of such series of Securities then outstanding make a written request to the Trustee to pursue the remedy;
(iii) such Holder or Holders furnish to the Trustee reasonable indemnity satisfactory to the Trustee against any loss, liability or expense;
(iv) the Trustee does not comply with the request within 60 days after receipt of the request and the furnishing of such indemnity; and
(v) during such 60-day period the Holders of a majority in aggregate principal amount of the applicable Securities of such series of Securities then outstanding do not give the Trustee a direction inconsistent with the request. A Holder may not use this Indenture to prejudice the rights of another Holder or to obtain a preference or priority over another Holder (it being understood that the Trustee does not have an affirmative duty to ascertain whether or not such action or forbearances are unduly prejudicial to such HoldersHolders or obtain a preference or priority over another Holder).
Appears in 1 contract
Samples: Indenture (Nabors Industries LTD)
Limitations on Suits. Subject to Section 5.078.01, a if an Event of Default occurs and is continuing, the Trustee will be under no obligation to exercise any of the rights or powers under this Indenture at the request or direction of any of the Holders unless such Holders have offered to the Trustee indemnity satisfactory to it against all losses and expenses. Except to enforce the right to receive payment of principal or interest when due, or the right to receive payment or delivery of the consideration due upon conversion, no Holder may pursue a any remedy with respect to this Indenture (including the Guarantees, if any) or the Securities only ifunless:
(ia) such Holder gives to has previously given the Trustee written notice of a continuing that an Event of DefaultDefault with respect to the Securities is continuing;
(iib) the Holders of at least 25% in aggregate principal amount of the applicable series of outstanding Securities then outstanding make have made a written request to the Trustee to pursue the remedy;
(iiic) such Holder or Holders furnish to have offered the Trustee reasonable indemnity reasonably satisfactory to the Trustee it against any loss, liability or expenseall loss and expenses;
(ivd) the Trustee does has not comply complied with the such request within 60 days after the receipt of the request and the furnishing offer of such indemnity; and
(ve) during such 60-day period the Holders of a majority in aggregate principal amount of the applicable series of outstanding Securities then outstanding do have not give given the Trustee a direction that is inconsistent with the requestsuch request within such 60-day period. A Holder may not use this Indenture to prejudice the rights of another Holder or to obtain a preference or priority over another Holder (it being understood that the Trustee does not have an affirmative duty to ascertain whether or not such action or forbearances are unduly prejudicial to such Holders)other Holder.
Appears in 1 contract
Samples: Indenture (Ezcorp Inc)
Limitations on Suits. Subject to Section 5.07, a A Holder may not pursue a remedy with respect to this Indenture (including the Guarantees, if any) or the Securities only ifunless:
(i1) such the Holder gives to the Subordinated Debenture Trustee written notice of a continuing Event of Default;
(ii2) the Holders of at least 2551% in aggregate principal amount of the applicable series of Securities then outstanding Securities make a written request to the Subordinated Debenture Trustee to pursue the remedy;
(iii3) such Holder or Holders furnish offer to the Subordinated Debenture Trustee reasonable indemnity satisfactory to the Subordinated Debenture Trustee against any loss, liability or expenseexpense (including, without limitation, fees and expenses of counsel);
(iv4) the Subordinated Debenture Trustee does not comply with the request within 60 30 days after receipt of the request and the furnishing offer of indemnity; and
(v5) during such 6030-day period the Holders of a majority at least 51% in aggregate principal amount of the applicable series of Securities then outstanding Securities do not give the Subordinated Debenture Trustee a direction which is inconsistent with the request. A Holder may not use this Indenture to prejudice the rights of another Holder or to obtain a preference or priority over another Holder (it being understood that the Trustee does not have an affirmative duty to ascertain whether or not such action or forbearances are unduly prejudicial to such Holders)Holder.
Appears in 1 contract
Samples: Indenture (Vegeterian Times Inc)
Limitations on Suits. Subject to Section 5.07, a Holder of Securities of either series may pursue a remedy with respect to this Indenture (including the Guarantees, if any) or the Securities of that series only if:
(i) such Holder gives to the Trustee written notice of a continuing Event of DefaultDefault with respect to that series;
(ii) the Holders of at least 25% in aggregate principal amount of the applicable Securities of such series of Securities then outstanding make a written request to the Trustee to pursue the remedy;
(iii) such Holder or Holders furnish to the Trustee reasonable indemnity reasonably satisfactory to the Trustee against any loss, liability or expense;
(iv) the Trustee does not comply with the request within 60 days after receipt of the request and the furnishing of such indemnity; and
(v) during such 60-day period the Holders of a majority in aggregate principal amount of the applicable Securities of such series of Securities then outstanding do not give the Trustee a direction inconsistent with the request. A Holder may not use this Indenture to prejudice the rights of another Holder or to obtain a preference or priority over another Holder (it being understood that the Trustee does not have an affirmative duty to ascertain whether or not such action or forbearances are unduly prejudicial to such Holders).
Appears in 1 contract
Samples: Indenture (Nabors Industries LTD)
Limitations on Suits. Subject to Section 5.074.05 hereof and Section 10(D) of the form of Senior Unsecured Note Due 2021 attached as Exhibit A hereto, a Holder of a Security may pursue a remedy with respect to this Indenture (including the Guarantees, if any) or the Securities only if:
(i1) such the Holder gives to the Trustee written notice of a continuing Event of Default;
(ii2) the Holders of at least 25% in aggregate principal amount of the applicable series of then-outstanding Securities then outstanding make a written request to the Trustee to pursue the remedy;
(iii3) such Holder or Holders furnish offered and if requested, provided, to the Trustee reasonable security or indemnity satisfactory to the Trustee against any loss, liability or expense;
(iv4) the Trustee does not comply with the request within 60 days after receipt of the request and the furnishing offer of security or indemnity; and
(v5) during such 60-day period period, the Holders of a majority in aggregate principal amount of the applicable series of Securities then outstanding do not give the Trustee a direction inconsistent with the request. A Holder may not use this Indenture to prejudice the rights of another Holder or to obtain a preference or priority over another Holder (it being understood that the Trustee does not have an affirmative duty to ascertain whether or not such action or forbearances are unduly prejudicial to such Holders)Holder.
Appears in 1 contract
Samples: Indenture (Tellurian Inc. /De/)
Limitations on Suits. Subject to Section 5.076.07 hereof, a Holder of a Security of any series may pursue a remedy with respect to this Indenture (including or the Securities of such series or the related Guarantees, if any) or the Securities , only if:
(i1) such the Holder gives to the Trustee written notice of a continuing Event of DefaultDefault with respect to such series;
(ii2) the Holders of at least 25% in aggregate principal amount of the applicable series of Securities then outstanding Securities of such series make a written request to the Trustee to pursue the remedy;
(iii3) such Holder or Holders furnish offer to the Trustee reasonable indemnity satisfactory to the Trustee against any loss, liability or expense;
(iv4) the Trustee does not comply with the request within 60 days after receipt of the request and the furnishing offer of indemnity; and
(v5) during such 60-day period period, the Holders of a majority in aggregate principal amount of the applicable Securities of such series of Securities then outstanding do not give the Trustee a direction inconsistent with the request. A Holder may not use this Indenture to prejudice the rights of another Holder or to obtain a preference or priority over another Holder (it being understood that the Trustee does not have an affirmative duty to ascertain whether or not any such action use by Holder prejudices the rights of any other Holder or forbearances are unduly prejudicial to obtains preference or priority over such Holdersother Holder).
Appears in 1 contract
Samples: Subordinated Indenture (Western Wisconsin Sand Company, LLC)
Limitations on Suits. Subject to Section 5.076.07, a Holder of a Security of any series may pursue a remedy with respect to this Indenture (including the Guarantees, if any) or the Securities of that series only if:
(i1) such the Holder gives to the Trustee written notice of a continuing Event of DefaultDefault with respect to that series;
(ii2) the Holders of at least 25% in aggregate principal amount of the applicable series of Securities then outstanding Securities of that series make a written request to the Trustee to pursue the remedy;
(iii3) such Holder or Holders furnish offer to the Trustee reasonable indemnity and/or security reasonably satisfactory to the Trustee in its sole discretion against any loss, liability or expense;
(iv4) the Trustee does not comply with the request within 60 days after receipt of the request and the furnishing offer of indemnityindemnity and/or security; and
(v5) during such that 60-day period period, the Holders of a majority in aggregate principal amount of the applicable Securities of that series of Securities then outstanding do not give the Trustee a direction inconsistent with the request. A Holder may not use this Indenture to prejudice the rights of another Holder or to obtain a preference or priority over another Holder (it being understood that the Trustee does not have an affirmative duty to ascertain whether or not any such action use by a Holder prejudices the rights of any other Holders or forbearances are unduly prejudicial to obtains priority or preference over such other Holders).
Appears in 1 contract
Limitations on Suits. Subject to Section 5.07, a Holder may pursue a remedy with respect to this Indenture (including the Guarantees, if any) or the Securities only if:
(i) such Holder gives to the Trustee written notice of a continuing Event of Default;
(ii) the Holders of at least 25% in aggregate principal amount of the applicable series of Securities then outstanding make a written request to the Trustee to pursue the remedy;
(iii) such Holder or Holders furnish to the Trustee reasonable indemnity satisfactory to the Trustee against any loss, liability or expense;
(iv) the Trustee does not comply with the request within 60 days after receipt of the request and the furnishing of indemnity; and;
(v) during such 60-day period the Holders of a majority in aggregate principal amount of the applicable series of Securities then outstanding do not give the Trustee a direction inconsistent with the request. A Holder may not use this Indenture to prejudice the rights of another Holder or to obtain a preference or priority over another Holder (it being understood that the Trustee does not have an affirmative duty to ascertain whether or not such action or forbearances are unduly prejudicial to such Holders).
Appears in 1 contract
Samples: Indenture (Helmerich & Payne Inc)
Limitations on Suits. Subject to Section 5.077.07, a Holder of a Security may not pursue a any remedy with respect to this Second Supplemental Indenture (including the Guarantees, if any) or the Securities only ifunless:
(ia) such the Holder gives to the Trustee written notice of a continuing Event of Default;
(iib) the Holders of at least 25% in aggregate principal amount of the applicable series of Securities then outstanding Securities make a written request to the Trustee to pursue the remedy;
(iiic) such Holder or Holders furnish offer to the Trustee reasonable security or indemnity reasonably satisfactory to the Trustee against any loss, liability or expense;
(ivd) the Trustee does not comply with the request within 60 days after receipt of the notice, request and the furnishing offer of security or indemnity; and
(ve) no direction inconsistent with such written request has been given to the Trustee during such 60-day period by the Holders of a majority two-thirds in aggregate principal amount of the applicable series of Securities then outstanding do not give the Trustee a direction inconsistent with the requestoutstanding. A Holder may not use this Second Supplemental Indenture to prejudice the rights of another Holder or to obtain a preference or priority over another such other Holder (it being understood that the Trustee does not have an affirmative duty to ascertain whether or not such action actions or forbearances are unduly prejudicial to such Holders).
Appears in 1 contract
Limitations on Suits. Subject to Section 5.077.07 hereof, a Holder may pursue a remedy with respect to this Indenture (including the Guarantees, if any) or the Securities Notes or any related Subsidiary Guarantees only if:
(ia) such the Holder gives has previously given to the Trustee written notice of a continuing Event of Default;
(iib) the Holders of at least 25% in aggregate principal amount of the applicable series of Securities then outstanding Notes make a written request to the Trustee to pursue the remedy;
(iiic) such Holder or Holders furnish offer and, if requested, provide to the Trustee reasonable indemnity satisfactory to the Trustee against any loss, liability or expense;
(ivd) the Trustee does not comply with the request within 60 days after receipt of the request and the furnishing offer of indemnity; and
(ve) during such 60-day period the Holders of a majority in aggregate principal amount of the applicable series of Securities then outstanding Notes do not give the Trustee a direction inconsistent with the such request. A Holder may not use this Indenture to prejudice the rights of another Holder or to obtain a preference or priority over another Holder (it being understood that the Trustee does not have an affirmative duty to ascertain whether or not such action or forbearances are unduly prejudicial to such Holders)Holder.
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Samples: Indenture (Bristow Group Inc.)
Limitations on Suits. Subject to Section 5.076.07, a Holder of a Security of any series may pursue a remedy with respect to this Indenture (including the Guarantees, if any) or the Securities of that series only if:
(i1) such the Holder gives to the Trustee written notice of a continuing Event of DefaultDefault with respect to that series;
(ii2) the Holders of at least 25% in aggregate principal amount of the applicable series of Securities then outstanding Securities of that series make a written request to the Trustee to pursue the remedy;
(iii3) such Holder or Holders furnish offer to the Trustee reasonable indemnity and/or security satisfactory to the Trustee in its sole discretion against any loss, liability or expense;
(iv4) the Trustee does not comply with the request within 60 days after receipt of the request and the furnishing offer of indemnityindemnity and/or security; and
(v5) during such that 60-day period period, the Holders of a majority in aggregate principal amount of the applicable Securities of that series of Securities then outstanding do not give the Trustee a direction inconsistent with the request. A Holder may not use this Indenture to prejudice the rights of another Holder or to obtain a preference or priority over another Holder (it being understood that the Trustee does not have an affirmative duty to ascertain whether or not any such action use by a Holder prejudices the rights of any other Holders or forbearances are unduly prejudicial to obtains priority or preference over such other Holders).
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Samples: Subordinated Indenture (Helix Energy Solutions Group Inc)