Common use of Right of Bondholders to Direct Proceedings Clause in Contracts

Right of Bondholders to Direct Proceedings. Anything in this Indenture to the contrary notwithstanding, the holders of a majority in aggregate principal amount of Bonds outstanding hereunder shall have the right, at any time, by an instrument or instruments in writing executed and delivered to the Trustee, to direct the method and place of conducting all proceedings to be taken in connection with the enforcement of the terms and conditions of this Indenture, or for the appointment of a receiver or any other proceeding hereunder; provided that such direction shall not be otherwise than in accordance with the provisions of law and of this Indenture.

Appears in 6 contracts

Samples: Trust Indenture (Entergy Louisiana, LLC), Agreement (Entergy Louisiana, LLC), Trust Indenture (Entergy Louisiana, LLC)

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Right of Bondholders to Direct Proceedings. Anything in this Indenture to the contrary notwithstanding, the holders of a majority in aggregate principal amount of Bonds outstanding hereunder The Requisite Bondholders shall have the right, at any time, by an instrument or instruments in writing executed and delivered to the Trustee, to direct the time, the method and place of conducting all proceedings to be taken in connection with the enforcement of the terms and conditions of this Indenture, or for the appointment of a receiver or any other proceeding proceedings hereunder; provided provided, that such direction shall not be otherwise than in accordance with the provisions of law and of this Indenture.

Appears in 2 contracts

Samples: Financing Agreement, Financing Agreement

Right of Bondholders to Direct Proceedings. Anything in this Indenture to the contrary notwithstanding, the holders of a majority in aggregate principal amount of Bonds then outstanding hereunder shall have the right, upon providing the Trustee indemnity to its satisfaction, at any time, by an instrument or instruments in writing executed and delivered to the Trustee, to direct the method and place of conducting all proceedings to be taken in connection with the enforcement of the terms and conditions of this Indenture, or for the appointment of a receiver or any other proceeding proceedings hereunder; provided provided, that such direction shall not be otherwise than in accordance with the provisions of law and or of this Indenture.

Appears in 1 contract

Samples: Gulf Power Co

Right of Bondholders to Direct Proceedings. Anything in this Indenture to the contrary notwithstanding, the holders of a majority in of the aggregate principal amount of Bonds then outstanding hereunder shall have the right, at any time, by an instrument or instruments in writing executed and delivered to the Trustee, to direct the time, method and place of conducting all proceedings to be taken in connection with the enforcement of the terms and conditions of this Indenture, or for the appointment of a receiver or any other proceeding proceedings hereunder; provided provided, that such direction shall not be otherwise than in accordance with the provisions of law and of this Indenture.

Appears in 1 contract

Samples: Lease Agreement (Conrad Industries Inc)

Right of Bondholders to Direct Proceedings. Anything in this Indenture to the contrary notwithstanding, the holders owners of not less than a majority in aggregate principal amount of Bonds then outstanding hereunder shall have the right, at any time, by an instrument or instruments in writing executed and delivered to the Trustee, to direct the time, the method and place of conducting all proceedings to be taken in connection with the enforcement of the terms and conditions of this Indenture, or for the appointment of a receiver or any other proceeding proceedings hereunder; provided provided, that such direction shall not be otherwise than in accordance with the provisions of law and of this Indenture.

Appears in 1 contract

Samples: Intrepid Technology & Resources, Inc.

Right of Bondholders to Direct Proceedings. Anything in this Indenture herein to the contrary notwithstanding, the holders of a majority in aggregate principal amount of Bonds outstanding hereunder shall have the right, at any time, by an instrument or instruments in writing executed and delivered to the Trustee, to direct the method and place of conducting all proceedings to be taken in connection with the enforcement of the terms and conditions of this Indenturehereof, or for the appointment of a receiver or any other proceeding proceedings hereunder; provided provided, that such direction shall not be otherwise than in accordance with the provisions of law hereof and of this Indenturelaw.

Appears in 1 contract

Samples: Agreement of Sale (Toms Foods Inc)

Right of Bondholders to Direct Proceedings. Anything in this Indenture Agreement to the contrary notwithstanding, a Majority of the holders of a majority in aggregate principal amount of Bonds outstanding hereunder Bondholders shall have the right, right at any time, by an instrument or instruments in writing executed and delivered to the Trustee, to direct the method and place of conducting all proceedings to be taken in connection with the enforcement of the terms and conditions of this Indenture, Agreement or for the appointment of a receiver or any other proceeding proceedings hereunder; provided that such direction shall not be otherwise than in accordance with applicable Law and this Agreement; provided that the provisions of law and of this IndentureTrustee shall be indemnified to its satisfaction.

Appears in 1 contract

Samples: Trust Agreement

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Right of Bondholders to Direct Proceedings. Anything in this Indenture to the contrary notwithstanding, the holders of a majority in aggregate principal amount of Bonds outstanding hereunder The Requisite Bondholders shall have the right, at any time, by an instrument or instruments in writing executed and delivered to the Trustee, to direct the time, the method and the place of conducting all proceedings to be taken in connection with the enforcement of the terms and conditions of this Indenture, or for the appointment of a receiver or any other proceeding proceedings hereunder; provided provided, that such direction shall not be otherwise than in accordance with the provisions of law and of this Indenture.

Appears in 1 contract

Samples: Trust Indenture

Right of Bondholders to Direct Proceedings. Anything in this Indenture to the contrary notwithstanding, the holders of a majority in aggregate principal amount of Bonds then outstanding hereunder shall have the right, at any time, by an instrument or instruments in writing executed and delivered to the Trustee, to direct the method and place of conducting all proceedings to be taken in connection with the enforcement of the terms and conditions of this Indenture, or for the appointment of a receiver or any other proceeding proceedings hereunder; provided , provided, that such direction shall not be otherwise than in accordance with the provisions of law and or of this Indenture.

Appears in 1 contract

Samples: Mississippi Power & Light Co

Right of Bondholders to Direct Proceedings. Anything in this Indenture to the contrary notwithstanding, the holders of a majority in aggregate principal amount of Bonds outstanding hereunder then Outstanding shall have the right, upon providing the Trustee indemnity to its satisfaction, at any time, by an instrument or instruments in writing executed and delivered to the Trustee, to direct the method and place of conducting all proceedings to be taken in connection with the enforcement of the terms and conditions of this Indenture, or for the appointment of a receiver or any other proceeding proceedings hereunder; provided provided, that such direction shall not be otherwise than in accordance with the provisions of law and or of this Indenture.

Appears in 1 contract

Samples: System Energy Resources Inc

Right of Bondholders to Direct Proceedings. Anything in this the Indenture to the contrary notwithstanding, the holders of a majority sixty-six and two-thirds percent (66 2/3%) in aggregate principal amount of Bonds then outstanding hereunder shall have the right, at any time, by an instrument or instruments in writing executed and delivered to the Trustee, to direct the method and place of conducting all proceedings to be taken in connection with the enforcement of the terms and conditions of this the Indenture, or for the appointment of a receiver or any other proceeding proceedings hereunder; provided provided, that such direction shall not be otherwise than in accordance with the provisions of law and of this the Indenture.

Appears in 1 contract

Samples: Enron Corp/Or/

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