Common use of Control by Bondholders Clause in Contracts

Control by Bondholders. The Holders of Bonds representing more than 50% of the Bond Balance of the Most Senior Class on the applicable Record Date shall have the right to direct the time, method and place of conducting any Proceeding for any remedy available to the Indenture Trustee or exercising any trust or power conferred on the Indenture Trustee; provided that:

Appears in 2 contracts

Samples: Indenture (Fund America Investors Corp Ii), Indenture (Fund America Investors Corp Ii)

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Control by Bondholders. The Holders of Bonds representing more than 50% of the Bond Balance of the Most Senior Class Outstanding Bonds on the applicable Record Date shall have the right to direct the time, method and place of conducting any Proceeding for any remedy available to the Indenture Trustee or exercising any trust or power conferred on the Indenture Trustee; provided that:

Appears in 1 contract

Samples: Aames Capital Acceptance Corp

Control by Bondholders. The Holders of Bonds representing more than 50% of the Bond Balance principal balance of the Most Senior Class Outstanding Bonds on the applicable Record Date shall have the right to direct the time, method and place of conducting any Proceeding for any remedy available to the Indenture Trustee or exercising any trust or power conferred on the Indenture TrusteeTrustee under this Indenture or any of the Loan Documents; provided that:

Appears in 1 contract

Samples: Indenture (Equity Inns Inc)

Control by Bondholders. The Holders of Bonds representing more than 50[ ]% of the Bond Balance of the Most Senior Class Outstanding Bonds on the applicable Record Date shall have the right to direct the time, method and place of conducting any Proceeding for any remedy available to the Indenture Trustee or exercising any trust or power conferred on the Indenture Trustee; provided that:

Appears in 1 contract

Samples: Aames Capital Acceptance Corp

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Control by Bondholders. The Holders of Bonds of both Classes representing more than 50% of the Bond Class Balance of the Most Senior Class Outstanding Bonds on the applicable Record Date shall shall, with the consent of the Bond Insurer, have the right to direct the time, method and place of conducting any Proceeding for any remedy available to the Indenture Trustee or exercising any trust or power conferred on the Indenture Trustee; provided thatPROVIDED THAT:

Appears in 1 contract

Samples: Indenture (American Residential Eagle Bond Trust 1992-2)

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