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

Rights of Noteholders to Direct Indenture Trustee. A majority of the Outstanding Amount of any Outstanding Series of Notes shall have the right to direct the time, method and place of conducting any Proceeding for any remedy available to the Indenture Trustee with respect to the Notes or exercising any trust or power conferred on the Indenture Trustee with respect to the Notes; provided, however, that subject to Section 6.01: ------------

Appears in 2 contracts

Samples: Conseco Finance Credit Funding Corp, Household Credit Card Master Note Trust I

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Rights of Noteholders to Direct Indenture Trustee. A majority Subject to the provisions of Section 5.05(a)(iv), more than 50% of the Outstanding Amount of any Outstanding Series of Notes shall have the right to direct the time, method and place of conducting any Proceeding for any remedy available to the Indenture Trustee with respect to the Notes or exercising any trust or power conferred on the Indenture Trustee with respect to the Notes; provided, however, that subject to Section 6.01: ------------:

Appears in 2 contracts

Samples: Household Affinity Funding Corp Iii, Household Affinity Funding Corp Iii

Rights of Noteholders to Direct Indenture Trustee. A Subject to the provisions of Section 5.05(a)(iv), the Holders of a majority of the Outstanding Amount of any Outstanding Series of Notes Notes, shall have the right to direct the time, method and place of conducting any Proceeding for any remedy available to the Indenture Trustee with respect to the Notes or exercising any trust or power conferred on the Indenture Trustee with respect to the Notes; provided, however, that subject to Section 6.01: ------------:

Appears in 1 contract

Samples: Master Indenture (Household Consumer Loan Corp Ii)

Rights of Noteholders to Direct Indenture Trustee. A Subject to the provisions of Section 5.05(a)(iv), a majority of the Outstanding Amount of any Outstanding Series of Notes shall have the right to direct the time, method and place of conducting any Proceeding for any remedy available to the Indenture Trustee with respect to the Notes or exercising any trust or power conferred on the Indenture Trustee with respect to the Notes; provided, however, that subject to Section 6.01: ------------:

Appears in 1 contract

Samples: Master Indenture (Hrsi Funding Inc Ii)

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Rights of Noteholders to Direct Indenture Trustee. A majority of the Outstanding Amount of any Outstanding Series of Notes shall have the right to direct the time, method and place of conducting any Proceeding proceeding for any remedy available to the Indenture Trustee with respect to the Notes or exercising any trust or power conferred on the Indenture Trustee with respect to the Notes; provided, however, that subject to Section 6.01: ------------

Appears in 1 contract

Samples: Household Credit Card Master Note Trust I

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