Common use of Control by Certificateholders Clause in Contracts

Control by Certificateholders. The Holders of Certificates evidencing Fractional Undivided Interests aggregating not less than a majority in interest of the Fractional Undivided Interests evidenced by all Certificates at the time Outstanding (determined as provided in Section 1.4(c)) shall have the right to direct the time, method and place of conducting any proceeding for any remedy available to the Pass Through Trustee, or exercising any trust or power conferred upon the Pass Through Trustee, under this Pass Through Trust Agreement, including any right of the Pass Through Trustee as holder of the Lessor Notes, provided that:

Appears in 5 contracts

Samples: Trust Agreement (Calpine Corp), Trust Agreement (Calpine Corp), Trust Agreement (Dynegy Danskammer LLC)

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Control by Certificateholders. The Holders of Subject to Section 2.3, the Certificateholders holding Certificates evidencing Fractional Undivided Interests aggregating not less than a majority in interest of in the Fractional Undivided Interests evidenced by all Certificates at the time Outstanding (determined as provided in Section 1.4(c)) Pass Through Trust shall have the right to direct the time, method and place of conducting any proceeding for any remedy available to the Pass Through Trustee, or exercising any trust or power conferred upon on the Pass Through Trustee, Trustee under this Pass Through Trust Agreement, including any right of the Pass Through Trustee as holder of the Lessor NotesEquipment Notes or ETCs, provided that:

Appears in 3 contracts

Samples: Through Trust Agreement (Union Tank Car Co), Through Trust Agreement (Union Tank Car Co), Union Tank Car Co

Control by Certificateholders. The Holders of Subject to Section 6.03, the Certificates evidencing Fractional Undivided Interests aggregating not less than a majority in interest of in the Fractional Undivided Interests evidenced by all Certificates at the time Outstanding (determined as provided in Section 1.4(c)) Pass Through Trust shall have the right to direct the time, method and place of conducting any proceeding for any remedy available to the Pass Through Trustee, or exercising any trust or power conferred upon on the Pass Through Trustee, Trustee under this Pass Through Trust Agreement, including any right of the Pass Through Trustee as holder of the Lessor Notes, ; provided that:

Appears in 2 contracts

Samples: Trust Agreement (Royal Ahold), Trust Agreement (Royal Ahold)

Control by Certificateholders. The Holders of Subject to Section 2.3, the Certificateholders holding Certificates evidencing Fractional Undivided Interests aggregating not less than a majority in interest of in the Fractional Undivided Interests evidenced by all Certificates at the time Outstanding (determined as provided in Section 1.4(c)) Pass Through Trust shall have the right to direct the time, method and place of conducting any proceeding for any remedy available to the Pass Through Trustee, or exercising any trust or power conferred upon on the Pass Through Trustee, Trustee under this Pass Through Trust Agreement, including any right of the Pass Through Trustee as holder of the Lessor Equipment Notes, provided that:

Appears in 1 contract

Samples: Union Tank Car Co

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Control by Certificateholders. The Holders of Subject to Section 2.3, the Certificateholders holding Certificates evidencing Fractional Undivided Interests aggregating not less than a majority in interest of in the Fractional Undivided Interests evidenced by all Certificates at the time Outstanding (determined as provided in Section 1.4(c)) Pass Through Trust shall have the right to direct the time, method and place of conducting any proceeding for any remedy available to the Pass Through Trustee, or exercising any trust or power conferred upon on the Pass Through Trustee, Trustee under this Pass Through Trust Agreement, including any right of the Pass Through Trustee as holder of the Lessor NotesEquipment Notes [or ETCs], provided that:

Appears in 1 contract

Samples: Union Tank Car Co

Control by Certificateholders. The Holders of Certificates evidencing Fractional Undivided Interests aggregating not less than a majority in interest of the Fractional Undivided Interests evidenced by all Certificates at the time Outstanding (determined as provided in Section 1.4(c1.3(c)) shall have the right to direct the time, method and place of conducting any proceeding for any remedy available to the Pass Through Trustee, or exercising any trust or power conferred upon the Pass Through Trustee, under this Pass Through Trust Agreement, including any right of the Pass Through Trustee as holder of the Lessor Notes, provided that:

Appears in 1 contract

Samples: Participation Agreement (Firstenergy Corp)

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