Common use of Control by Certificateholders Clause in Contracts

Control by Certificateholders. Subject to Section 2.04, 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, or exercising any trust or power conferred on the Trustee under this Basic Agreement or the related Trust Supplement, including any right of the Trustee as holder of the Equipment Notes, provided that:

Appears in 3 contracts

Samples: Trust Agreement (Gatx Corp), Through Trust Agreement (Gatx Corp), Trust Agreement (Gatx Financial Corp)

AutoNDA by SimpleDocs

Control by Certificateholders. Subject to Section 2.04, the 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, or exercising any trust or power conferred on the Trustee under this Basic Agreement or the related Trust SupplementAgreement, including any right of the Trustee as holder of the Equipment Notes, provided that:

Appears in 3 contracts

Samples: Trust Agreement (Trinity Industries Inc), Through Trust Agreement (Trinity Industries Inc), Through Trust Agreement (Trinity Industries Inc)

Control by Certificateholders. (a) Subject to Section 2.046.03, 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, or exercising any trust or power conferred on the Trustee under this Basic Agreement or the related Trust Supplement, including any right of the Trustee as holder of the Equipment Notes, provided that:

Appears in 2 contracts

Samples: Trust Agreement (General American Railcar Corp Ii), Trust Agreement (General American Railcar Corp Ii)

Control by Certificateholders. Subject to Section 2.046.03, 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, Trustee with respect to such Trust or exercising any trust or power conferred on the Trustee under this Basic Agreement or the related Trust SupplementAgreement, including any right of the Trustee as holder of the Equipment NotesNotes held in the related Trust; PROVIDED, provided HOWEVER, that:

Appears in 1 contract

Samples: Trust Agreement (Union Tank Car Co)

AutoNDA by SimpleDocs

Control by Certificateholders. Subject to Section 2.04, the 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, or exercising any trust or power conferred on the Trustee under this Basic Agreement or the related Trust SupplementAgreement, including any right of the Trustee as holder of the Equipment Secured Notes, provided that:

Appears in 1 contract

Samples: Production System Lease Agreement (Eex Corp)

Control by Certificateholders. Subject to Section 2.046.3, 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 TrusteeTrustee with respect to such Trust, or exercising any trust or power conferred on the Trustee under this Basic Agreement or the related Trust SupplementAgreement, including any right of the Trustee as holder of the Equipment Notes, related Secured Notes held in such Trust provided that:

Appears in 1 contract

Samples: Trust Agreement (Fort James Corp)

Time is Money Join Law Insider Premium to draft better contracts faster.