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), Trust Indenture (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 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: Trust Indenture (System Energy 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: Mortgage and Indenture of Trust (Toms Foods 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: Indenture of Trust (Intrepid Technology & Resources, Inc.)

Right of Bondholders to Direct Proceedings. Anything Notwithstanding anything in this Indenture to the contrary notwithstandingcontrary, but subject to Section 8.14, the holders of a majority in aggregate principal amount of Bonds outstanding hereunder Outstanding 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, Indenture or for the appointment of a receiver or any other proceeding proceedings hereunder; provided provided, however, 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 (Wca Waste Corp)

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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: Trust Indenture (Conrad Industries Inc)

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: Trust Indenture (Gulf Power 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 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: Trust Indenture (Mississippi Power & Light Co)

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