CONTROL BY DEBENTUREHOLDERS. The holders of a majority in aggregate principal amount of the Debentures at the time Outstanding, determined in accordance with Section 10.4, 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; provided, however, that such direction shall not be in conflict with any rule of law or with this Indenture. Subject to the provisions of
Appears in 3 contracts
Samples: Stifel Financial Capital Trust, Wintrust Financial Corp, Independent Bank Corp /Mi/
CONTROL BY DEBENTUREHOLDERS. The holders of a majority in aggregate principal amount of the Debentures at the time Outstanding, determined in accordance with Section 10.4, 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; provided, however, that such direction shall not be in conflict with any rule of law or with this Indenture. Subject to the provisions ofof Section 9.1,
Appears in 2 contracts
Samples: Metropolitan Capital Trust Ii, Metropolitan Capital Trust I
CONTROL BY DEBENTUREHOLDERS. The holders Subject to Sections 7.1(c)(4) and 7.3(5), the Holders of a majority in aggregate principal amount of the Outstanding Debentures at the time Outstanding, determined in accordance with Section 10.4, shall have the right to direct the time, method and place of conducting any proceeding for any remedy available to the Trustee, Trustee or exercising any trust or power conferred on the Trustee; provided, however, that such direction shall not be in conflict with any rule of law or with this Indenture. Subject to the provisions ofprovided that:
Appears in 1 contract
Samples: Indenture (Republic Bancshares Inc)
