Actions by Trustee. As to any matter not expressly provided for by this Agreement, or the Indenture, the Trustee will act or refrain from acting as directed by the Holders of at least a majority in principal amount of the then-outstanding Securities, and will be fully protected if it does so, and any action taken, suffered or omitted pursuant to hereto or thereto shall be binding on the Holders.
Appears in 3 contracts
Samples: Form of Pledge and Security Agreement (GWG Holdings, Inc.), Pledge and Security Agreement (GWG Holdings, Inc.), Pledge and Security Agreement (GWG Life, LLC)
Actions by Trustee. As to any matter not expressly provided for by this Security Agreement, or the Indenture, the Trustee will act or refrain from acting as directed by the Holders of at least a majority in principal amount of the then-outstanding SecuritiesL Bonds, and will be fully protected if it does so, and any action taken, suffered or omitted pursuant to hereto or thereto shall be binding on the Holders.
Appears in 2 contracts
Samples: Pledge and Security Agreement (GWG Life, LLC), Pledge and Security Agreement (GWG Holdings, Inc.)
Actions by Trustee. As to any matter not expressly provided for by this Security Agreement, or the Indenture, the Trustee will act or refrain from acting as directed by the Holders of at least a majority in principal amount of the then-outstanding SecuritiesBonds, and will be fully protected if it does so, and any action taken, suffered or omitted pursuant to hereto or thereto shall be binding on the Holders.
Appears in 1 contract
Samples: Pledge and Security Agreement (Red Oak Capital Fund II, LLC)
