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

Right of Holders to Direct Proceedings. Anything to the contrary in this Trust Agreement notwithstanding, the Holders of at least a majority in aggregate principal amount of the Outstanding Bonds shall have the right at any time to direct, by an instrument or document or instruments or documents in writing executed and delivered to the Trustee, the method and place of conducting all proceedings to be taken in connection with the enforcement of the terms and conditions of this Trust Agreement or any other proceedings hereunder; provided, that (i) any direction shall not be other than in accordance with the provisions of law and of this Trust Agreement, (ii) the Trustee shall be indemnified as provided in Sections 6.1 and 6.2 hereof, and (iii) the Trustee may take any other action which it deems to be proper and which is not inconsistent with the direction.

Right of Holders to Direct Proceedings. Anything to the contrary in this Trust Agreement notwithstanding, the Holders of at least a majority in aggregate principal amount of the Outstanding Bonds Obligations shall have the right at any time to direct, by an instrument or document or instruments or documents in writing executed and delivered to the Trustee, the method and place of conducting all proceedings to be taken in connection with the enforcement of the terms and conditions of this Trust Agreement or any other proceedings hereunder; provided, that (i) any direction shall not be other than in accordance with the provisions of law and of this Trust Agreement, (ii) the Trustee shall be indemnified as provided in Sections 6.1 and 6.2 hereof, and (iii) the Trustee may take any other action which it deems to be proper and which is not inconsistent with the direction.

Right of Holders to Direct Proceedings. Anything to the contrary in this Trust Agreement Indenture notwithstanding, the Holders of at least a majority in aggregate principal amount of the Outstanding Bonds then outstanding shall have the right at any time to direct, pursuant to Article XI or by an instrument or document or instruments or documents in writing executed and delivered to the Trustee, the method and place of conducting all proceedings to be taken in connection with the enforcement of the terms and conditions of this Trust Agreement Indenture or any other proceedings hereunder; provided, provided that (i) any direction shall not be other than in accordance with the provisions of law and of this Trust AgreementIndenture, (ii) the Trustee shall be indemnified entitled to indemnity or other assurances as provided in Sections 6.1 6.01 and 6.2 hereof6.02, and (iii) the Trustee may take any other action which it deems to be proper and which is not inconsistent with the direction.

Right of Holders to Direct Proceedings. ‌ Anything to the contrary in this Trust Agreement notwithstanding, the Holders of at least a majority in aggregate principal amount of the Outstanding Bonds shall have the right at any time to direct, by an instrument or document or instruments or documents in writing executed and delivered to the Trustee, the method and place of conducting all proceedings to be taken in connection with the enforcement of the terms and conditions of this Trust Agreement or any other proceedings hereunder; provided, that (i) any direction shall not be other than in accordance with the provisions of law and of this Trust Agreement, (ii) the Trustee shall be indemnified as provided in Sections 6.1 and 6.2 hereof, and (iii) the Trustee may take any other action which it deems to be proper and which is not inconsistent with the direction.

Right of Holders to Direct Proceedings. Anything to the contrary in this Trust Agreement Indenture notwithstanding, the Holders of at least a majority in aggregate principal amount of the Outstanding Senior Bonds then outstanding shall have the right at any time to direct, by an instrument or document or instruments or documents in writing executed and delivered to the Trustee, the method and place of conducting all proceedings to be taken in connection with the enforcement of the terms and conditions of this Trust Agreement Indenture or any other proceedings hereunderhereunder and any settlement thereof; provided, that (i) any direction shall not be other than in accordance with the provisions of law and of this Trust AgreementIndenture, (ii) the Trustee shall be indemnified as provided in Sections 6.1 5.1 and 6.2 hereof5.2 and, and (iii) the Trustee may take any other action which it deems to be proper and which is not inconsistent with the direction.