Common use of Remedies of Holders Clause in Contracts

Remedies of Holders. If a Declared Event of Default occurs and is Continuing, the Trustee may pursue any available remedy to collect the payment of principal, premium and interest on the Notes or to enforce the performance of any provision of the Notes or this Indenture. Except as set forth in Section 6.07 and Section 6.12, a Holder of a Note may pursue any remedy with respect to this Indenture or the Notes only if: (a) such Holder has previously given the Trustee written notice that an Event of Default is Continuing; (b) Holders of at least 331⁄3% of the principal amount of Notes outstanding make a written request to the Trustee to pursue the remedy; (c) such Holder or Holders have offered to the Trustee indemnity or security satisfactory to the Trustee against any loss, liability or expense; (d) the Trustee has not complied with such request within sixty (60) days after the receipt of the request and the offer of security or indemnity; and (e) Holders of a majority in aggregate principal amount of the then outstanding Notes have not given the Trustee a direction inconsistent with such request within such sixty (60)-day period.

Remedies of Holders. If a Declared Event of Default occurs and is Continuing, the Trustee may pursue any available remedy to collect the payment of principal, premium and Additional Interest, if any, and interest on the Notes or to enforce the performance of any provision of the Notes or this Indenture. Except as set forth in Section 6.07 and Section 6.12, a Holder of a Note may pursue any remedy with respect to this Indenture or the Notes only if: (a) such Holder has previously given the Trustee written notice that an Event of Default is Continuing; (b) Holders of at least 331⁄333 1⁄3% of the principal amount of Notes outstanding make a written request to the Trustee to pursue the remedy; (c) such Holder or Holders have offered to the Trustee indemnity or security satisfactory to the Trustee against any loss, liability or expense; (d) the Trustee has not complied with such request within sixty (60) 60 days after the receipt of the request and the offer of security or indemnity; and (e) Holders of a majority in aggregate principal amount of the then outstanding Notes have not given the Trustee a direction inconsistent with such request within such sixty (60)-day 60-day period.