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

Rights of Noteholders to Direct Indenture Trustee. Holders of at least a majority of the Outstanding Principal Amount of any affected Series has 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 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:

Rights of Noteholders to Direct Indenture Trustee. The Holders of at least a majority Notes representing more than 50% of the principal balance of the Outstanding Principal Amount Notes of any affected Series has shall have 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 the Notes such Series or exercising any trust or power conferred on the Indenture Trustee with respect to the Notessuch Series; providedPROVIDED, howeverHOWEVER, that subject to Section 6.01SECTION 6.1 Indenture Trustee shall have the right to decline any such direction if: