Common use of Control by Certificateholders Clause in Contracts

Control by Certificateholders. Subject to Section 6.03 and any related Intercreditor Agreement, the Certificateholders holding Certificates of a series evidencing Fractional Undivided Interests aggregating not less than a majority in interest in the related Trust shall have the right to direct the time, method and place of conducting any proceeding for any remedy available to the Trustee with respect to such Trust or pursuant to the terms of such Intercreditor Agreement, or exercising any trust or power conferred on the Trustee under this Agreement or such Intercreditor Agreement, including any right of the Trustee as Controlling Party under such Intercreditor Agreement or as holder of the Equipment Notes held in the related Trust; PROVIDED, HOWEVER, that

Appears in 4 contracts

Samples: Trust Agreement (Continental Airlines Inc /De/), Trust Agreement (Delta Air Lines Inc /De/), Trust Agreement (Continental Airlines Inc /De/)

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Control by Certificateholders. Subject to Section 6.03 and any the related Intercreditor Agreement, the Certificateholders holding Certificates of a series evidencing Fractional Undivided Interests aggregating not less than a majority in interest in the related Trust shall have the right to direct the time, method and place of conducting any proceeding for any remedy available to the Trustee with respect to such the Trust or pursuant to the terms of such the Intercreditor Agreement, or exercising any trust or power conferred on the Trustee under this Agreement or such the Intercreditor Agreement, including any right of the Trustee as Controlling Party under such Intercreditor Agreement or as holder of the Equipment Notes held in the related Trust; PROVIDEDprovided, HOWEVERhowever, that

Appears in 4 contracts

Samples: Trust Agreement (Atlas Air Inc), Through Trust Agreement (Atlas Air Inc), Through Trust Agreement (Atlas Air Inc)

Control by Certificateholders. Subject to Section 6.03 and any related Intercreditor Agreement, the Certificateholders holding Certificates of a series evidencing Fractional Undivided Interests aggregating not less than a majority in interest in the related Trust shall have the right to direct the time, method and place of conducting any proceeding for any remedy available to the Trustee with respect to such Trust or pursuant to the terms of such any Intercreditor Agreement, or exercising any trust or power conferred on the Trustee under this Agreement or such any Intercreditor Agreement, including any right of the Trustee as Controlling Party under such any Intercreditor Agreement or as holder of the Equipment Notes held in the related Trust; PROVIDEDNotes, HOWEVER, PROVIDED that

Appears in 4 contracts

Samples: Trust Agreement (Northwest Airlines Inc /Mn), Trust Agreement (Northwest Airlines Inc /Mn), Trust Agreement (Northwest Airlines Inc /Mn)

Control by Certificateholders. Subject to Section 6.03 and any related Intercreditor Agreement, the Certificateholders holding Certificates of a series evidencing Fractional Undivided Cumulative Interests aggregating not less than a majority in interest in the Trusts of the related Trust series shall have the right to direct the time, method and place of conducting any proceeding for any remedy available to the Trustee with respect to such Trust Trusts or pursuant to the terms of such any Intercreditor Agreement, or exercising any trust or power conferred on the Trustee under this Agreement or such any Intercreditor Agreement, including any right of the Trustee as Controlling Party under such any Intercreditor Agreement or as holder of the Equipment Notes held in the related Trust; PROVIDEDTrusts, HOWEVER, provided that:

Appears in 2 contracts

Samples: Trust Agreement (United Air Lines Inc), Trust Agreement (United Air Lines Inc)

Control by Certificateholders. Subject to Section 6.03 and any related Intercreditor Agreement, the Certificateholders holding Certificates of a series evidencing Fractional Undivided Interests aggregating not less than a majority in interest in the related Trust shall have the right to direct the time, method and place of conducting any proceeding for any remedy available to the Trustee with respect to such Trust or pursuant to the terms of such Intercreditor Agreement, or exercising any trust or power conferred on the Trustee under this Agreement or such Intercreditor Agreement, including any right of the Trustee as Controlling BACK Party under such Intercreditor Agreement or as holder of the Equipment Notes held in the related Trust; PROVIDEDprovided, HOWEVERhowever, that

Appears in 1 contract

Samples: Through Trust Agreement (Hawaiian Holdings Inc)

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Control by Certificateholders. Subject to Section 6.03 and any related Intercreditor Agreement, the Certificateholders holding Certificates of a series evidencing Fractional Undivided Interests aggregating not less than a majority in interest in the related Trust shall have the right to direct the time, method and place of conducting any proceeding for any remedy available to the Trustee with respect to such Trust or pursuant to the terms of such Intercreditor Agreement, or exercising any trust or power conferred on the Trustee under this Agreement or such Intercreditor Agreement, including any right of the Trustee as Controlling Party under such Intercreditor Agreement or as holder of the Equipment Notes held in the related Trust; PROVIDED, HOWEVER, provided that:

Appears in 1 contract

Samples: Trust Agreement (American Airlines Inc)

Control by Certificateholders. Subject to Section 6.03 6.02 and any related the Intercreditor Agreement, the Certificateholders holding Certificates of a series class evidencing Fractional Undivided Cumulative Interests aggregating not less than a majority in interest in the Trusts of the related Trust class shall have the right to direct the time, method and place of conducting any proceeding for any remedy available to the Trustee with respect to such Trust Trusts or pursuant to the terms of such the Intercreditor Agreement, or exercising any trust or power conferred on the Trustee under this Agreement or such the Intercreditor Agreement, including any right of the Trustee as Controlling Party under such the Intercreditor Agreement or as holder of the Equipment Notes held in the related Trust; PROVIDEDTrusts, HOWEVER, provided that:

Appears in 1 contract

Samples: Trust Agreement (United Air Lines Inc)

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