Common use of Control by Holders of Securities Clause in Contracts

Control by Holders of Securities. Subject to Section 602(e), with respect to any series, the Holders of not less than a majority in principal amount of the Outstanding Securities of such series shall have the right, by an instrument or concurrent instruments in writing executed and delivered to the Trustee, to direct the time, method and place of conducting any proceeding for any remedy available to the Trustee under this Indenture or exercising any trust or power conferred upon such Trustee under this Indenture, provided that:

Appears in 7 contracts

Samples: Indenture (Federated National Holding Co), Indenture (Federated National Holding Co), FEDNAT HOLDING Co

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Control by Holders of Securities. Subject to Section 602(e602(h) and 602(m), with respect to any series, the Holders of not less than a majority in principal amount of the Outstanding Securities of such any series shall have the right, by an instrument or concurrent instruments in writing executed and delivered to the Trustee, right to direct the time, method and place of conducting any proceeding for any remedy available to the Trustee under this Indenture or exercising any trust or power conferred upon on the Trustee with respect to the Securities of such Trustee under this Indentureseries, provided that:

Appears in 2 contracts

Samples: Indenture (Rait Investment Trust), Indenture (Rait Investment Trust)

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