Common use of Rights of Noteholders to Direct Indenture Trustee Clause in Contracts

Rights of Noteholders to Direct Indenture Trustee. The Holders of Notes representing more than 50% of the Outstanding Amount of any affected Series shall have the right to direct in writing the time, method and place of conducting any Proceeding for any remedy available to Indenture Trustee with respect to such Series or exercising any trust or power conferred on Indenture Trustee with respect to such Series; provided, however, that subject to Section 6.01 Indenture Trustee shall have the right to decline any such direction if:

Rights of Noteholders to Direct Indenture Trustee. The Holders of Notes representing more than 50% at least a majority of the Outstanding Amount of the Notes of any affected Series shall have (or any affected Tranche in the case of a Shared Enhancement Series) has the right to direct in writing the time, method and place of conducting any Proceeding proceeding for any remedy available to the Indenture Trustee with respect to such Series the Notes or exercising any trust or power conferred on the Indenture Trustee with respect to such Seriesthe Notes; provided, however, that subject to Section 6.01 Indenture Trustee shall have the right to decline any such direction if6.01:

Rights of Noteholders to Direct Indenture Trustee. The Holders of Notes representing more than 50% A majority of the Outstanding Amount of the Notes of any affected Series if an Event of Default with respect to such Series has occurred and is continuing) shall have the right to direct in writing the time, method and place of conducting any Proceeding for any remedy available to the Indenture Trustee with respect to such Series the Notes or exercising any trust or power conferred on the Indenture Trustee with respect to such Seriesthe Notes; provided, however, that subject to Section 6.01 Indenture Trustee shall have the right to decline any such direction if6.01: