Common use of Control by Majority Clause in Contracts

Control by Majority. Holders of a majority in aggregate principal amount of the then outstanding Notes may direct the time, method and place of conducting any proceeding for exercising any remedy available to the Trustee or exercising any trust or power conferred on it. However, the Trustee may refuse to follow any direction that conflicts with law or this Indenture that the Trustee determines may be unduly prejudicial to the rights of other Holders of Notes (it being understood that the Trustee does not have an affirmative duty to ascertain whether or not any such directions are unduly prejudicial to such Holders) or that may involve the Trustee in personal liability. The Trustee may take any other action deemed proper by the Trustee which is not inconsistent with such direction.

Appears in 20 contracts

Sources: Indenture (Post Holdings, Inc.), Indenture (Post Holdings, Inc.), Indenture (Post Holdings, Inc.)

Control by Majority. The Holders of a majority in aggregate principal amount of the Notes (including Additional Notes, if any) then outstanding Notes may direct the time, method and place of conducting any proceeding for exercising any remedy available to the Trustee or exercising any trust or power conferred on it. However, the Trustee by this Indenture. The Trustee, however, may refuse to follow any direction that conflicts with law or this Indenture or that the Trustee determines may be unduly prejudicial to the rights of other Holders of Notes (it being understood that the Trustee does not have an affirmative duty to ascertain whether or not any such directions are unduly prejudicial to such Holders) another Noteholder or that may involve the Trustee in personal or corporate liability. The ; provided that the Trustee may take any other action deemed proper by the Trustee which is not inconsistent with such direction.

Appears in 16 contracts

Sources: Indenture (Lamar Media Corp/De), Indenture (Lamar Media Corp/De), Indenture (Lamar Advertising Co/New)

Control by Majority. The Holders of at least a majority in aggregate principal amount of the then outstanding Notes may direct the time, method and place of conducting any proceeding for exercising any remedy available to the Trustee or exercising any trust or power conferred on it. However, the Trustee; provided that the Trustee may refuse to follow any direction that conflicts with law or this Indenture Indenture, that may involve the Trustee in personal liability, or that the Trustee determines in good faith may be unduly prejudicial to the rights of other Holders of Notes (it being understood not joining in the giving of such direction; and provided further that the Trustee does not have an affirmative duty to ascertain whether or not any such directions are unduly prejudicial to such Holders) or that may involve the Trustee in personal liability. The Trustee may take any other action deemed it deems proper by the Trustee which that is not inconsistent with any such directiondirection received from Holders of Notes.

Appears in 16 contracts

Sources: Indenture (Time Warner Telecom Inc), Indenture (Smurfit-Stone Container Enterprises Inc), Indenture (Time Warner Telecom Inc)

Control by Majority. The Holders of at least a majority in aggregate principal amount of the then outstanding Notes may direct the time, method and place of conducting any proceeding for exercising any remedy available to the Trustee or exercising any trust or power conferred on itthe Trustee. HoweverSubject to Section 8.01, however, the Trustee may refuse to follow any direction that conflicts with any law or this Indenture Indenture, that may involve the Trustee in personal liability, or that the Trustee determines in good faith may be unduly prejudicial to the rights of other Holders of Notes (it being understood not joining in the giving of such direction received from the Holders; provided, however, that the Trustee does not have an affirmative duty to ascertain whether or not any such directions are unduly prejudicial to such Holders) or that may involve the Trustee in personal liability. The Trustee may take any other action deemed proper by the Trustee which is not inconsistent with such direction.

Appears in 15 contracts

Sources: Nineteenth Supplemental Indenture (MPT Operating Partnership, L.P.), Seventeenth Supplemental Indenture (MPT Operating Partnership, L.P.), Eighteenth Supplemental Indenture (MPT Operating Partnership, L.P.)

Control by Majority. Subject to Section 7.02(g), the Holders of a majority in aggregate principal amount of the Notes then outstanding Notes may direct the time, method and place of conducting any proceeding for exercising any remedy available to the Trustee or of exercising any trust or power conferred on itthe Trustee under this Indenture. HoweverSubject to Section 7.01, however, the Trustee may refuse to follow any direction that conflicts with law or this Indenture or that the Trustee determines may be is unduly prejudicial to the rights of other Holders of Notes (it being understood that the Trustee does not have an affirmative duty to ascertain whether or not any such directions are unduly prejudicial to such Holders) or that may would involve the Trustee in personal liability. The ; provided, however, that the Trustee may take any other action deemed proper by the Trustee which that is not inconsistent with such direction.

Appears in 14 contracts

Sources: Indenture (Starwood Property Trust, Inc.), Indenture (Starwood Property Trust, Inc.), Indenture (Starwood Property Trust, Inc.)

Control by Majority. The Holders of a majority in aggregate principal amount of the Securities then outstanding Notes may direct the time, method and place of conducting any proceeding for exercising any remedy available to the Trustee or exercising any trust or power conferred on it. However, the Trustee may refuse to follow any direction that conflicts with law or this Indenture Indenture, that the Trustee determines may be unduly prejudicial to the rights of other Holders of Notes (it being understood that another Holder or the Trustee does not have an affirmative duty to ascertain whether or not any such directions are unduly prejudicial to such Holders) Trustee, or that may involve the Trustee in personal liability. The liability unless the Trustee is offered indemnity satisfactory to it; provided, however, that the Trustee may take any other action deemed proper by the Trustee which is not inconsistent with such direction.

Appears in 14 contracts

Sources: Indenture (Iac/Interactivecorp), Indenture (Symantec Corp), Indenture (Bell Microproducts Inc)

Control by Majority. The Holders of at least a majority in aggregate principal amount of the then outstanding Notes may direct the time, method and place of conducting any proceeding for exercising any remedy available to the Trustee or exercising any trust or power conferred on itthe Trustee. HoweverSubject to Section 7.01, however, the Trustee may refuse to follow any direction that conflicts with any law or this Indenture Indenture, that may involve the Trustee in personal liability, or that the Trustee determines in good faith may be unduly prejudicial to the rights of other Holders of Notes (it being understood not joining in the giving of such direction received from the Holders of Notes; provided, however, that the Trustee does not have an affirmative duty to ascertain whether or not any such directions are unduly prejudicial to such Holders) or that may involve the Trustee in personal liability. The Trustee may take any other action deemed proper by the Trustee which is not inconsistent with such direction.

Appears in 12 contracts

Sources: Indenture (Ryman Hospitality Properties, Inc.), Indenture (Ryman Hospitality Properties, Inc.), Indenture (Ryman Hospitality Properties, Inc.)

Control by Majority. The Holders of a majority in aggregate principal amount of the Securities then outstanding Notes may direct the time, time method and place of conducting any proceeding for exercising any remedy available to the Trustee or exercising any trust or power conferred on it. However, the Trustee may refuse to follow any direction that conflicts with law or this Indenture Indenture, that the Trustee determines may be unduly prejudicial to the rights of other Holders of Notes (it being understood that another Holder or the Trustee does not have an affirmative duty to ascertain whether or not any such directions are unduly prejudicial to such Holders) Trustee, or that may involve the Trustee in personal liability. The liability unless the Trustee is offered security or indemnity satisfactory to it; provided, however, that the Trustee may take any other action deemed proper by the Trustee which is not inconsistent with such direction.

Appears in 9 contracts

Sources: Indenture (American Medical Systems Holdings Inc), Master Transaction Agreement (Cig Media LLC), Master Transaction Agreement (Ion Media Networks Inc.)

Control by Majority. Subject to Section 7.01(e) hereof, Holders of a majority in aggregate principal amount of the then total outstanding Notes may direct the time, method and place of conducting any proceeding for exercising any remedy available to the Trustee or of exercising any trust or power conferred on it. However, the Trustee and the Trustee may take any other action deemed proper by the Trustee that is not inconsistent with such direction. The Trustee, however, may refuse to follow any direction that conflicts with law or this Indenture or that the Trustee determines may be is unduly prejudicial to the rights of any other Holders of Notes (it being understood that the Trustee does not have an affirmative duty to ascertain whether or not any such directions are unduly prejudicial to such Holders) Holder or that may would involve the Trustee in personal liability. The Trustee may take any other action deemed proper by the Trustee which is not inconsistent with such direction.

Appears in 9 contracts

Sources: Indenture (Prestige Consumer Healthcare Inc.), Indenture (Prestige Consumer Healthcare Inc.), Indenture (APX Group Holdings, Inc.)

Control by Majority. Subject to the terms of the Security Documents and Section 7.2(f), the Holders of a majority in aggregate principal amount of the then outstanding Notes may direct the time, method and place of conducting any proceeding for exercising any remedy available to the Trustee or exercising any trust or power conferred on it. However, (i) the Trustee may refuse to follow any direction that conflicts with law or this Indenture Indenture, that the Trustee determines may be unduly prejudicial to the rights of other Holders of Notes (it being understood that the Trustee does not have an affirmative duty to ascertain whether or not any such directions are unduly prejudicial to such Holders) or that may involve the Trustee in personal liability. The , and (ii) the Trustee may take any other action deemed proper by the Trustee which is not inconsistent with such direction.

Appears in 8 contracts

Sources: Indenture (Salem Media Group, Inc. /De/), Indenture (Jack Cooper Holdings Corp.), Indenture (Salem Media Group, Inc. /De/)

Control by Majority. Holders of a majority in aggregate principal amount of the then outstanding Notes may direct the time, method and place of conducting any proceeding for exercising any remedy available to the Trustee or exercising any trust or power conferred on it. However, the Trustee may refuse to follow any direction that conflicts with law or this Indenture or that the Trustee determines may be unduly prejudicial to the rights of other Holders of Notes (it being understood that the Trustee does not have an affirmative duty to ascertain whether or not any such directions are unduly prejudicial to such Holders) or that may involve the Trustee in personal liability. The Trustee may take any other action deemed proper by liability (provided, however, that the Trustee which shall be under no obligation to determine whether any action or inaction is not inconsistent with such directionunduly prejudicial to any Holder).

Appears in 7 contracts

Sources: Indenture (Antero Midstream Corp), Indenture (Antero Midstream Corp), Indenture (Antero Midstream Corp)

Control by Majority. Upon provision of security and/or indemnity reasonably satisfactory to the Trustee, the Holders of a majority in aggregate principal amount of the Notes then outstanding Notes may direct the time, method and place of conducting any proceeding for exercising any remedy available to the Trustee with respect to the Notes or of exercising any trust or power conferred on itthe Trustee. However, the Trustee Trustee, which may conclusively rely on opinions of counsel, may refuse to follow any direction that conflicts with law or this Indenture or that the Trustee determines may be is unduly prejudicial to the rights of other Holders of Notes (it being understood that the Trustee does not have an affirmative duty to ascertain whether Noteholders or not any such directions are unduly prejudicial to such Holders) or that may would involve the Trustee in personal liability. The ; provided, however, that the Trustee may take any other action deemed proper by the Trustee which that is not inconsistent with such direction.

Appears in 7 contracts

Sources: Fifth Supplemental Indenture (Southwest Gas Corp), Fourth Supplemental Indenture (Southwest Gas Corp), Third Supplemental Indenture (Southwest Gas Corp)

Control by Majority. Upon provision of security or indemnity satisfactory to the Trustee, the Holders of a majority in aggregate principal amount of the Notes of each series then outstanding Notes may direct the time, method and place of conducting any proceeding for exercising any remedy available to the Trustee with respect to the Notes of such series or of exercising any trust or power conferred on itthe Trustee. However, the Trustee Trustee, which may conclusively rely on opinions of counsel, may refuse to follow any direction that conflicts with law or this Indenture or that the Trustee determines may be is unduly prejudicial to the rights of other Holders of Notes (it being understood that the Trustee does not have an affirmative duty to ascertain whether Noteholders or not any such directions are unduly prejudicial to such Holders) or that may would involve the Trustee in personal liability. The ; provided, however, that the Trustee may take any other action deemed proper by the Trustee which that is not inconsistent with such direction.

Appears in 7 contracts

Sources: Indenture (Whole Foods Market Inc), Indenture (Whole Foods Market Inc), Indenture (Ralph Lauren Corp)

Control by Majority. Holders of a majority in aggregate principal amount of the then outstanding Notes may direct the time, method and place of conducting any proceeding for exercising any remedy available to the Trustee or exercising any trust or power conferred on it. However, the Trustee may refuse to follow any direction that conflicts with applicable law or this Indenture Indenture, that the Trustee determines may be unduly prejudicial to the rights of other Holders of the Notes (it being understood that the Trustee does not have an affirmative duty to ascertain whether or not any such directions are unduly prejudicial to such Holders) or that may involve the Trustee in personal liability. The Trustee may take any other action deemed proper by the Trustee which is not inconsistent with such direction.

Appears in 7 contracts

Sources: Indenture (Viking Holdings LTD), Indenture (Viking Holdings LTD), Indenture (Viking Holdings LTD)

Control by Majority. Subject to Section 7.01(e) hereof, the Holders of a majority in aggregate principal amount of all the then outstanding Notes may direct the time, method and place of conducting any proceeding for exercising any remedy available to the Trustee or of exercising any trust or power conferred on it. However, the Trustee and the Trustee may take any other action deemed proper by the Trustee that is not inconsistent with such direction. The Trustee, however, may refuse to follow any direction that conflicts with law or this Indenture or that the Trustee determines may be is unduly prejudicial to the rights of any other Holders of Notes (it being understood that the Trustee does not have an affirmative duty to ascertain whether or not any such directions are unduly prejudicial to such Holders) Holder or that may would involve the Trustee in personal liability. The Trustee liability and may take any other action deemed proper by the Trustee which that is not inconsistent with any such directiondirection received from Holders of the Notes.

Appears in 7 contracts

Sources: Indenture (Alight Group, Inc.), Indenture (Alight Inc. / DE), Indenture (Gates Industrial Corp PLC)

Control by Majority. Subject to the provisions of the Security Documents, the Holders of a majority in aggregate principal amount of the then outstanding Notes may direct the time, method and place of conducting any proceeding for exercising any remedy available to the Trustee or exercising any trust or power conferred on it. However, (i) the Trustee may refuse to follow any direction that conflicts with law or this Indenture Indenture, that the Trustee determines may be unduly prejudicial to the rights of other Holders of Notes (it being understood that the Trustee does not have an affirmative duty to ascertain whether or not any such directions are unduly prejudicial to such Holders) or that may involve the Trustee in personal liability. The , and (ii) the Trustee may take any other action deemed proper by the Trustee which is not inconsistent with such direction.

Appears in 6 contracts

Sources: Indenture (Target Hospitality Corp.), Indenture (WillScot Mobile Mini Holdings Corp.), Indenture (Target Hospitality Corp.)

Control by Majority. Holders of a majority in aggregate principal amount of the then total outstanding Notes may direct the time, method and place of conducting any proceeding for exercising any remedy available to the Trustee or of exercising any trust or power conferred on itthe Trustee. HoweverThe Trustee, the Trustee however, may refuse to follow any direction that conflicts with law or this Indenture or that the Trustee determines may be is unduly prejudicial to the rights of any other Holders of Notes Holder (it being understood that the Trustee does not have an affirmative duty to ascertain whether or not any such directions are direction is unduly prejudicial to the rights of any such Holdersother Holder) or that may would involve the Trustee in personal liability. The Trustee may take any other action deemed proper by the Trustee which is not inconsistent with such direction.

Appears in 6 contracts

Sources: Indenture (Crescent Energy Co), Indenture (Crescent Energy Co), Indenture (Crescent Energy Co)

Control by Majority. The Holders of a majority in aggregate principal amount of the Securities then outstanding Notes may direct the time, method and place of conducting any proceeding for exercising any remedy available to the Trustee or exercising any trust or power conferred on it. However, the Trustee may refuse to follow any direction that conflicts with law or this Indenture that the Trustee determines may be Indenture, is unduly prejudicial to the rights of other Holders of Notes (it being understood that the Trustee does not have an affirmative duty to ascertain whether or not any such directions are unduly prejudicial to such Holders) or that may would involve the Trustee in personal liability. The liability unless the Trustee is offered indemnity reasonably satisfactory to it; provided that the Trustee may take any other action deemed proper by the Trustee which that is not inconsistent with such direction.

Appears in 6 contracts

Sources: Indenture (Accuray Inc), Indenture (Accuray Inc), Indenture (Accuray Inc)

Control by Majority. The Holders of a majority in aggregate principal amount of the then outstanding Notes Outstanding Securities of any series may direct the time, method and place of conducting any proceeding for exercising any remedy available to the Trustee (after providing indemnities to the Trustee's satisfaction) or exercising any trust or power conferred on it. However, the Trustee may refuse to follow any direction that conflicts with law or this Indenture that the Trustee determines may be unduly prejudicial to the rights of other Holders of Notes (it being understood that the Trustee does not have an affirmative duty to ascertain whether or not any Securities of such directions are unduly prejudicial to such Holders) series, or that may involve subject the Trustee in personal to legal liability. The ; provided that the Trustee may take any other action deemed proper by the Trustee which is not inconsistent with such direction.

Appears in 6 contracts

Sources: Subordinated Indenture (U S Home Corp /De/), Senior Subordinated Indenture (U S Home Corp /De/), Senior Indenture (U S Home Corp /De/)

Control by Majority. Holders of a majority in aggregate principal amount of the then then-outstanding Notes may direct the time, method and place of conducting any proceeding for exercising any remedy available to the Trustee or of exercising any trust or power conferred on itthe Trustee. HoweverThe Trustee, the Trustee however, may refuse to follow any direction that conflicts with law or this Indenture or that the Trustee determines may be is unduly prejudicial to the rights of any other Holders of Notes Holder (it being understood that the Trustee does not have an affirmative duty to ascertain whether or not any such directions are unduly prejudicial to such Holders) or that may would involve the Trustee in personal liability. The Trustee may take any other action deemed proper by the Trustee which is not inconsistent with such direction.

Appears in 6 contracts

Sources: Indenture (Organon & Co.), Indenture (Organon & Co.), Indenture (Organon & Co.)

Control by Majority. The Holders of a majority in aggregate principal amount of the Securities then outstanding Notes may direct the time, method and place of conducting any proceeding for exercising any remedy available to the Trustee or exercising any trust or power conferred on it. However, the Trustee may refuse to follow any direction that conflicts with law or this Indenture Indenture, that the Trustee determines may be unduly prejudicial to the rights of other Holders of Notes (it being understood that another Holder or the Trustee does not have an affirmative duty to ascertain whether or not any such directions are unduly prejudicial to such Holders) Trustee, or that may involve the Trustee in personal liability. The liability unless the Trustee is offered indemnity satisfactory to it; provided, however, that the Trustee may take any other action deemed proper by the Trustee which is not inconsistent with such direction.

Appears in 6 contracts

Sources: Indenture (Bisys Group Inc), Indenture (Brooks Automation Inc), Indenture (Rf Micro Devices Inc)

Control by Majority. Subject to Section 7.01(e) hereof, the Holders of a majority in aggregate principal amount of the all then outstanding Notes may direct the time, method and place of conducting any proceeding for exercising any remedy available to the Trustee or of exercising any trust or power conferred on it. However, the Trustee and the Trustee may take any other action deemed proper by the Trustee that is not inconsistent with such direction. The Trustee, however, may refuse to follow any direction that conflicts with law or this Indenture or that the Trustee determines may be is unduly prejudicial to the rights of any other Holders of Notes (it being understood that the Trustee does not have an affirmative duty to ascertain whether or not any such directions are unduly prejudicial to such Holders) Holder or that may would involve the Trustee in personal liability. The Trustee liability and may take any other action deemed proper by the Trustee which that is not inconsistent with any such directiondirection received from Holders of the Notes.

Appears in 5 contracts

Sources: Indenture (Performance Food Group Co), Indenture (Performance Food Group Co), Indenture (Performance Food Group Co)

Control by Majority. The Holders of a majority in aggregate principal amount of the then outstanding Notes may will have the right to direct the time, method and place of conducting any proceeding for exercising any remedy available to the Trustee or exercising any trust or power conferred on it. However, the Trustee may refuse to follow any direction that conflicts with law or this Indenture or that the Trustee determines may be unduly prejudicial to the rights of other Holders of Notes (it being understood that the Trustee does not have an affirmative duty to ascertain whether or not any such directions are unduly prejudicial to such Holders) or that may involve the Trustee in any financial or personal liability. The In case an Event of Default has occurred and is continuing, prior to taking any action hereunder, the Trustee may take any other action deemed proper shall be entitled to satisfactory indemnification or security (or both) against all loss, liability and expenses caused by the Trustee which is taking or not inconsistent with taking of such directionaction.

Appears in 5 contracts

Sources: Indenture (Comstock Oil & Gas, LP), Indenture (Comstock Oil & Gas, LP), Indenture (Comstock Oil & Gas GP, LLC)

Control by Majority. Holders of a majority in aggregate principal amount of the then outstanding Notes may in writing direct the time, method and place of conducting any proceeding for exercising any remedy available to the Trustee or exercising any trust or power conferred on it, subject to Section 7.02(f). However, the Trustee may refuse to follow any direction that conflicts with law or this Indenture that the Trustee determines may be unduly prejudicial to the rights of other Holders of Notes (it being understood that the Trustee does not have an affirmative duty to ascertain whether or not any such directions are unduly prejudicial to such Holders) or that may involve the Trustee in personal liability. The Trustee may take any other action deemed proper by the Trustee which that is not inconsistent with such direction.

Appears in 5 contracts

Sources: Indenture (Spirit AeroSystems Holdings, Inc.), Indenture (Spirit AeroSystems Holdings, Inc.), Indenture (Spirit AeroSystems Holdings, Inc.)

Control by Majority. Holders of a majority in aggregate principal amount of the then outstanding Notes may direct the time, method and place of conducting any proceeding for exercising any remedy available to the Trustee or exercising any trust or power conferred on it. However, the Trustee may refuse to follow any direction that conflicts with law or this Indenture that the Trustee determines may be unduly prejudicial to the rights of other Holders of Notes (it being understood that the Trustee does not have an affirmative duty to ascertain determine whether or not any such directions are direction is unduly prejudicial to the rights of Holders of the Notes not joining in giving such Holdersdirection) or that may involve the Trustee in personal liability. The ; provided, however, that the Trustee may take any other action deemed proper by the Trustee which that is not inconsistent with such direction.

Appears in 5 contracts

Sources: Indenture (Kodiak Gas Services, Inc.), Indenture (Archrock, Inc.), Indenture (Kodiak Gas Services, Inc.)

Control by Majority. The Holders of a majority in aggregate principal amount of the then outstanding Notes may will have the right to direct the time, method and place of conducting any proceeding for exercising any remedy available to the Trustee or exercising any trust or power conferred on itthe Trustee hereunder. However, the Trustee may refuse to follow any direction that conflicts with law or this Indenture or that the Trustee determines may be unduly prejudicial to the rights of other Holders of Notes (it being understood that the Trustee does not have an affirmative duty to ascertain whether or not any such directions are unduly prejudicial to such Holders) or that may involve the Trustee in any financial or personal liability. The In case an Event of Default has occurred and is continuing, prior to taking any action hereunder, the Trustee may take any other action deemed proper shall be entitled to reasonable indemnification or security (or both) against all loss, liability and expenses caused by the Trustee which is taking or not inconsistent with taking of such directionaction.

Appears in 5 contracts

Sources: Indenture (Comstock Resources Inc), Indenture (Comstock Resources Inc), Indenture (Comstock Resources Inc)

Control by Majority. The Holders of a majority in aggregate principal amount of the then outstanding Notes may (or such lesser amount as shall have acted at a meeting pursuant to the provisions of this Indenture) shall have the right to direct the time, method and place of conducting any proceeding for exercising any remedy available to the Trustee or exercising any trust or power conferred on itthe Trustee. However, the Trustee may refuse to follow any direction that that: (1) conflicts with any law or with this Indenture that Indenture; (2) the Trustee determines may be unduly prejudicial to the rights of other the Holders of Notes not joining therein, or (it being understood that 3) may expose the Trustee does not have an affirmative duty to ascertain whether or not any such directions are unduly prejudicial to such Holders) or that may involve the Trustee in personal liability. The Trustee may take any other action deemed proper by the Trustee which is not inconsistent with such direction.

Appears in 5 contracts

Sources: First Supplemental Indenture (Lions Gate Entertainment Corp /Cn/), Supplemental Indenture (Lions Gate Entertainment Corp /Cn/), Indenture (Lions Gate Entertainment Inc)

Control by Majority. The Holders of a majority in aggregate principal amount of the then outstanding Notes may Outstanding Securities (or such lesser amount as shall have acted at a meeting pursuant to the provisions of this Indenture) shall have the right to direct the time, method and place of conducting any proceeding for exercising any remedy available to the Trustee or exercising any trust or power conferred on itthe Trustee. However, the Trustee may refuse to follow any direction that that: (1) conflicts with any law or with this Indenture that Indenture; (2) the Trustee determines may be unduly prejudicial to the rights of other the Holders of Notes not joining therein; or (it being understood that 3) may expose the Trustee does not have an affirmative duty to ascertain whether or not any such directions are unduly prejudicial to such Holders) or that may involve the Trustee in personal liability. The Trustee may take any other action deemed proper by the Trustee which is not inconsistent with such direction.

Appears in 5 contracts

Sources: Indenture (Foster Wheeler LTD), Indenture (Curagen Corp), Indenture (Teva Pharmaceutical Finance Bv)

Control by Majority. Holders The holders of a majority in aggregate principal amount of the then outstanding Convertible Notes may direct the time, method and place of conducting any proceeding for exercising any remedy available to the Trustee or exercising any trust or power conferred on it. However, the Trustee may refuse to follow any direction that conflicts with law or this Indenture that the Trustee determines may be unduly prejudicial to the rights of other Holders holders of Convertible Notes (it being understood that the Trustee does not have an affirmative duty to ascertain whether or not any such directions are unduly prejudicial to such Holders) or that may involve the Trustee in personal liability. The ; provided, however, that the Trustee shall have no duty or obligation (subject to Section 7.01) to ascertain whether or not such actions or forebearances are unduly prejudicial to such holders; provided further, however that the Trustee may take any other action deemed proper by the Trustee which deems proper that is not inconsistent with such directiondirections.

Appears in 5 contracts

Sources: Indenture (LTX-Credence Corp), Indenture (LTX-Credence Corp), Indenture (LTX-Credence Corp)

Control by Majority. The Holders of at least a majority in aggregate principal amount of the then outstanding Notes Securities may direct the time, method and place of conducting any proceeding for exercising any remedy available to the Trustee or exercising any trust or power conferred on it. Howeverthe Trustee; provided, however, that the Trustee may refuse to follow any direction that conflicts with law or this Indenture Indenture, that may involve the Trustee in personal liability, or that the Trustee determines in good faith may be unduly prejudicial to the rights of other Holders not joining in the giving of Notes (it being understood such direction; and provided further, however, that the Trustee does not have an affirmative duty to ascertain whether or not any such directions are unduly prejudicial to such Holders) or that may involve the Trustee in personal liability. The Trustee may take any other action deemed it deems proper by the Trustee which that is not inconsistent with such directionany directions received from Holders of Securities pursuant to this Section 6.05.

Appears in 5 contracts

Sources: Indenture (Winstar Communications Inc), Senior Subordinated Deferred Interest Notes Indenture (Winstar Communications Inc), Indenture (Winstar Communications Inc)

Control by Majority. Subject to Section 7.01(e) hereof, the Holders of a majority in aggregate principal amount of all the then outstanding Notes Notes, may direct the time, method and place of conducting any proceeding for exercising any remedy available to the Trustee or of exercising any trust or power conferred on it. However, the Trustee and the Trustee may take any other action deemed proper by the Trustee that is not inconsistent with such direction. The Trustee, however, may refuse to follow any direction that conflicts with law or this Indenture or that the Trustee determines may be is unduly prejudicial to the rights of any other Holders of Notes (it being understood that the Trustee does not have an affirmative duty to ascertain whether or not any such directions are unduly prejudicial to such Holders) Holder or that may would involve the Trustee in personal liability. The Trustee may take any other action deemed proper by the Trustee which is not inconsistent with such direction.

Appears in 5 contracts

Sources: Indenture (Hilton Worldwide Holdings Inc.), Indenture (Hilton Worldwide Holdings Inc.), Indenture (Hilton Worldwide Holdings Inc.)

Control by Majority. The Holders of a majority in aggregate principal amount of the then outstanding Notes Securities may direct the time, method and place of conducting any proceeding for exercising any remedy available to the Trustee or exercising any trust or power conferred on itit including, without limitation, any remedies provided for in Section 6.03. HoweverSubject to Section 7.01, however, the Trustee may refuse to follow any direction that conflicts with any law or this Indenture Indenture, that the Trustee determines may be unduly prejudicial to the rights of other Holders of Notes (it being understood that the Trustee does not have an affirmative duty to ascertain whether or not any such directions are unduly prejudicial to such Holders) another Securityholder, or that may involve the Trustee in personal liability. The ; provided that the Trustee may take any other action deemed proper by the Trustee which is not inconsistent with such direction.

Appears in 5 contracts

Sources: Indenture (Doe Run Resources Corp), Indenture (Industrial Fuels Minerals Co), Indenture (Doe Run Resources Corp)

Control by Majority. Holders of at least a majority in aggregate principal amount of the then outstanding Notes may direct the time, method and place of conducting any proceeding for exercising any remedy available to the Trustee or exercising any trust or power conferred on it. However, the Trustee may refuse to follow any direction that conflicts with law or this Indenture or that the Trustee determines may be is unduly prejudicial to the rights of other Holders of Notes (it being understood that the Trustee does not will have an affirmative no duty to ascertain whether such actions or not any such directions forbearances are unduly prejudicial to such other Holders) or that may would involve the Trustee in personal liability. The Trustee will be entitled to indemnification satisfactory to it prior to taking any action. The Trustee may take any other action deemed proper by the Trustee which is not inconsistent with such direction.

Appears in 5 contracts

Sources: Indenture (CURO Group Holdings Corp.), Indenture (CURO Group Holdings Corp.), Indenture (CURO Group Holdings Corp.)

Control by Majority. Holders of a majority in aggregate principal amount of the then outstanding Notes may direct the time, method and place of conducting any proceeding for exercising any remedy available to the Trustee or exercising any trust or power conferred on it. However, the Trustee may refuse to follow any direction that conflicts with law or this the Indenture or that the Trustee determines may be unduly prejudicial to the rights of other Holders of Notes (it being understood that the Trustee does not have an has no affirmative duty to ascertain determine whether or not any such directions are direction is unduly prejudicial to such Holders) or that may involve the Trustee in personal liability. The Trustee may take any other action deemed proper by the Trustee which is not inconsistent with such direction.

Appears in 5 contracts

Sources: Fifteenth Supplemental Indenture (Markwest Energy Partners L P), Thirteenth Supplemental Indenture (Markwest Energy Partners L P), Tenth Supplemental Indenture (Markwest Energy Partners L P)

Control by Majority. Holders of a majority in aggregate principal amount of the then outstanding Notes may direct the time, method and place of conducting any proceeding for exercising any remedy available to the Trustee or exercising any trust or power conferred on itpursuant to this Indenture. However, the Trustee may refuse to follow any direction that conflicts with law or this Indenture or that the Trustee determines may be unduly prejudicial to the rights of other Holders of Notes (it being understood that the Trustee does shall not have an affirmative duty to ascertain whether or not any such directions are direction is unduly prejudicial to such Holdersany other Holder) or that may involve the Trustee in personal liability. The Trustee may take any other action deemed proper by the Trustee which is not inconsistent with such direction.

Appears in 4 contracts

Sources: Indenture (Endo International PLC), Indenture (Endo International PLC), Indenture (Endo International PLC)

Control by Majority. Holders The holders of a majority in aggregate principal amount of the then outstanding Notes may direct the time, method and place of conducting any proceeding for exercising any remedy available to the Trustee or of exercising any trust or power conferred on itthe Trustee. However, the Trustee may refuse to follow any direction that conflicts with law or this Indenture or, subject to Article VII, that the Trustee determines may be is unduly prejudicial to the rights of any other Holders of Notes holder (it being understood that the Trustee does not have an affirmative duty to ascertain whether or not any such directions actions or forbearances are unduly prejudicial to such Holdersholders) or that may would involve the Trustee in personal liability. The liability or expenses for which it is not adequately indemnified; provided, however, that the Trustee may take any other action deemed proper by the Trustee which that is not inconsistent with such direction.

Appears in 4 contracts

Sources: Indenture (Talos Energy Inc.), Indenture (Talos Energy Inc.), Indenture (Talos Energy Inc.)

Control by Majority. Subject to Section 7.01(e) hereof, Holders of a majority in aggregate principal amount of the then total outstanding Notes may direct the time, method and place of conducting any proceeding for exercising any remedy available to the Trustee or the Notes Collateral Agent or of exercising any trust or power conferred on it. However, the Trustee or the Notes Collateral Agent and the Trustee or the Notes Collateral Agent may act at the written direction of the Holders without liability. The Trustee or Notes Collateral Agent, however, may refuse to follow any direction that conflicts with law or this Indenture or that the Trustee determines may be is unduly prejudicial to the rights of any other Holders Holder of a Note or that would involve the Trustee or Notes Collateral Agent in personal liability (it being understood that the Trustee does not have an affirmative has no duty to ascertain determine whether or not any such directions are unduly action is prejudicial to such Holders) any Holder or that may involve beneficial owner of the Trustee in personal liability. The Trustee may take any other action deemed proper by the Trustee which is not inconsistent with such directionNotes).

Appears in 4 contracts

Sources: Indenture (Viasat Inc), Indenture (Viasat Inc), Indenture

Control by Majority. The Holders of a majority in aggregate principal amount of the then outstanding Notes Securities may direct the time, method and place of conducting any proceeding for exercising any remedy available to the Trustee or exercising any trust or power conferred on it, provided, that indemnification for the Trustee’s fees and expenses, in a form reasonably satisfactory to the Trustee, shall have been provided. However, the Trustee may refuse to follow any direction that conflicts with law or this Indenture Indenture, that the Trustee determines may be unduly prejudicial to the rights of other Holders of Notes (it being understood that the Trustee does not have an affirmative duty to ascertain whether or not any such directions are unduly prejudicial to such Holders) , or that may involve the Trustee in personal liability. The Trustee may take any other action deemed proper by the Trustee which is not inconsistent with such direction.

Appears in 4 contracts

Sources: Indenture (Twin Cities Power Holdings, LLC), Indenture (Advanced Environmental Recycling Technologies Inc), Indenture (Winmark Corp)

Control by Majority. The Holders of a majority in aggregate principal amount of the Notes then outstanding Notes may direct the time, method and place of conducting any proceeding for exercising any remedy or power available to the Trustee or exercising any trust or power conferred on it. However, the Trustee may refuse to follow any direction that it determines, in consultation with its counsel conflicts with law or this Indenture Indenture, that the Trustee determines may be unduly prejudicial to the rights of other Holders another Holder of Notes (it being understood that or the Trustee does not have an affirmative duty to ascertain whether or not any such directions are unduly prejudicial to such Holders) Trustee, or that may involve the Trustee in personal liability. The liability unless the Trustee is offered indemnity satisfactory to it; provided, however, that the Trustee may take any other action deemed proper by the Trustee which is not inconsistent with such direction.

Appears in 4 contracts

Sources: Indenture (Bausch Health Companies Inc.), Indenture (Bausch Health Companies Inc.), Indenture (Bausch Health Companies Inc.)

Control by Majority. Subject to the provisions of this Indenture and applicable law, the Holders of a majority in aggregate principal amount of the then outstanding Notes may have the right to direct the time, method and place of conducting any proceeding for exercising any remedy available to the Trustee or exercising any trust or power conferred on itthe Trustee. However, the The Trustee may refuse to follow any direction that conflicts with any law or this Indenture Indenture, that the Trustee determines in good faith may be unduly prejudicial to the rights of other Holders of Notes (it being understood that the Trustee does not have an affirmative duty to ascertain whether or not any such directions are unduly prejudicial to such Holders) another Holder, or that may involve the Trustee in personal liability. The ; provided that the Trustee may take any other action deemed proper by the Trustee which is not inconsistent with such direction.

Appears in 4 contracts

Sources: Indenture, Indenture (Arazi S.a r.l.), Indenture (Arazi S.a r.l.)

Control by Majority. The Holders of a majority in aggregate principal amount of the then then-outstanding Notes Securities may direct the time, method and place of conducting any proceeding for exercising any remedy available to the Trustee or exercising any trust or power conferred on it, on the condition that indemnification for the Trustee’s fees and expenses, in a form reasonably satisfactory to the Trustee, shall have been provided. HoweverNevertheless, the Trustee may refuse to follow any direction that conflicts with law or this Indenture Indenture, that the Trustee determines may be unduly prejudicial to the rights of other Holders of Notes (it being understood that the Trustee does not have an affirmative duty to ascertain whether or not any such directions are unduly prejudicial to such Holders) , or that may involve the Trustee in personal liability. The Trustee may take any other action deemed proper by the Trustee which is not inconsistent with such direction.

Appears in 4 contracts

Sources: Indenture (GWG Holdings, Inc.), Indenture (GWG Life, LLC), Indenture (GWG Holdings, Inc.)

Control by Majority. The Holders of a majority in aggregate principal amount of the Securities then outstanding Notes may direct the time, method and place of conducting any proceeding for exercising any remedy available to the Trustee or exercising any trust or power conferred on it. However, the Trustee may refuse to follow any direction that conflicts with law or this Indenture Indenture, that the Trustee determines may be unduly prejudicial to the rights of other Holders of Notes (it being understood that another Holder or the Trustee does not have an affirmative duty to ascertain whether or not any such directions are unduly prejudicial to such Holders) Trustee, or that may involve the Trustee in personal liability. The liability unless the Trustee is offered indemnity satisfactory to it; PROVIDED, HOWEVER, that the Trustee may take any other action deemed proper by the Trustee which is not inconsistent with such direction.

Appears in 4 contracts

Sources: Indenture (Rf Micro Devices Inc), Indenture (Citigroup Inc), Indenture (Usinternetworking Inc)

Control by Majority. The Holders of a majority in aggregate principal amount of the then outstanding Notes Securities may direct the time, method and place of conducting any proceeding for exercising any remedy available to the Trustee or exercising any trust or power conferred on it, provided, that indemnification for the Trustee's fees and expenses, in a form reasonably satisfactory to the Trustee, shall have been provided. However, the Trustee may refuse to follow any direction that conflicts with law or this Indenture Indenture, that the Trustee determines may be unduly prejudicial to the rights of other Holders of Notes (it being understood that the Trustee does not have an affirmative duty to ascertain whether or not any such directions are unduly prejudicial to such Holders) , or that may involve the Trustee in personal liability. The Trustee may take any other action deemed proper by the Trustee which is not inconsistent with such direction.

Appears in 4 contracts

Sources: Indenture (Consumer Portfolio Services Inc), Indenture (Zanett Inc), Indenture (Consumer Portfolio Services Inc)

Control by Majority. Holders of not less than a majority in aggregate principal amount of the then total outstanding Notes may direct the time, method and place of conducting any proceeding for exercising any remedy available to the Trustee or of exercising any trust or power conferred on itthe Trustee. HoweverThe Trustee, the Trustee however, may refuse to follow any direction that conflicts with law or this Indenture or that the Trustee determines may be is unduly prejudicial to the rights of any other Holders of Notes Holder (it being understood that the Trustee does not have an affirmative duty to ascertain whether or not any such directions are direction is unduly prejudicial to such Holders) or that may would involve the Trustee in personal liability. The Trustee may take any other action deemed proper by the Trustee which is not inconsistent with such direction.

Appears in 4 contracts

Sources: Indenture (LPL Financial Holdings Inc.), Indenture (LPL Financial Holdings Inc.), Indenture (LPL Financial Holdings Inc.)

Control by Majority. Upon provision of reasonable indemnity to the Trustee satisfactory to the Trustee, the Holders of a majority in aggregate principal amount of the Notes then outstanding Notes may direct the time, method and place of conducting any proceeding for exercising any remedy available to the Trustee or of exercising any trust or power conferred on itthe Trustee. However, the Trustee Trustee, which may rely on opinions of counsel, may refuse to follow any direction that conflicts with law or this Indenture or, subject to Section 7.1, that the Trustee determines may be is unduly prejudicial to the rights of other Holders of Notes (it being understood that the Trustee does not have an affirmative duty to ascertain whether Noteholders or not any such directions are unduly prejudicial to such Holders) or that may would involve the Trustee in personal liability. The ; provided, however, that the Trustee may take any other action deemed proper by the Trustee which that is not inconsistent with such direction.

Appears in 4 contracts

Sources: Indenture (Spectrasite Holdings Inc), Indenture (Spectrasite Holdings Inc), Indenture (Purina Mills Inc)

Control by Majority. The Holders of at least a majority in aggregate principal amount of the then outstanding Notes Securities may direct the time, method and place of conducting any proceeding for exercising any remedy available to the Trustee or exercising any trust or power conferred on it. Howeverit under this Indenture, the Securities or the Security Instruments. Subject to Section 6.1, however, Trustee may refuse to follow any direction (a) that conflicts with any law or this Indenture Indenture, (b) that the Trustee determines may be unduly prejudicial to the rights of other Holders of Notes another Holder, or (it being understood that the Trustee does not have an affirmative duty to ascertain whether or not any such directions are unduly prejudicial to such Holdersc) or that may involve the Trustee in personal liability. The ; provided that Trustee may take any other action deemed proper by the Trustee which is not inconsistent with such direction.

Appears in 4 contracts

Sources: Indenture (Scott Cable Communications Inc), Indenture (Scott Cable Communications Inc), Indenture (Scott Cable Communications Inc)

Control by Majority. Holders of a majority in aggregate principal amount of the then total outstanding Notes may direct the time, method and place of conducting any proceeding for exercising any remedy available to the Trustee or of exercising any trust or power conferred on itthe Trustee. HoweverThe Trustee, the Trustee however, may refuse to follow any direction that conflicts with law or this Indenture or that the Trustee determines may be is unduly prejudicial to the rights of any other Holders of Notes Holder (it being understood that the Trustee does not have an affirmative duty to ascertain whether or not any such directions are direction is unduly prejudicial to such Holders) or that may would involve the Trustee in personal liability. The Trustee may take any other action deemed proper by the Trustee which is not inconsistent with such direction.

Appears in 3 contracts

Sources: Indenture (MultiPlan Corp), Indenture (MultiPlan Corp), Indenture (MultiPlan Corp)

Control by Majority. Holders of a majority in aggregate principal amount of the then outstanding Notes may direct the time, method and place of conducting any proceeding for exercising any remedy available to the Trustee or exercising any trust or power conferred on it. However, the Trustee may refuse to follow any direction that conflicts with law or this Indenture or that the Trustee determines may be unduly prejudicial to the rights of other Holders of Notes (it being understood that the Trustee does not have an affirmative duty to ascertain whether or not any such directions are direction is unduly prejudicial to the rights of such other Holders) or that may involve the Trustee in personal liability. The Trustee may take any other action deemed proper by the Trustee which is not inconsistent with such direction.

Appears in 3 contracts

Sources: Indenture (Martin Midstream Partners L.P.), Indenture (Martin Midstream Partners L.P.), Indenture (Martin Midstream Partners L.P.)

Control by Majority. The Holders of a majority in aggregate principal amount of the Notes then outstanding Notes may direct the time, method and place of conducting any proceeding for exercising any remedy available to the Trustee or exercising any trust or power conferred on it. However, the Trustee may refuse to follow any direction that conflicts with law or this Indenture Indenture, that the Trustee determines may be unduly prejudicial to the rights of other Holders of Notes (it being understood that another Holder or the Trustee does not have an affirmative duty to ascertain whether or not any such directions are unduly prejudicial to such Holders) Trustee, or that may involve the Trustee in personal liability. The liability unless the Trustee is offered indemnity reasonably satisfactory to it; provided, however, that the Trustee may take any other action deemed proper by the Trustee which is not inconsistent with such direction.

Appears in 3 contracts

Sources: Indenture (Clearwire Corp), Indenture (Clearwire Corp), Indenture (Clearwire Corp)

Control by Majority. The Holders of a majority in aggregate of the principal amount of the then outstanding Notes may Outstanding Debentures (or such lesser amount as shall have acted at a meeting pursuant to the provisions of this Indenture) shall have the right to direct the time, method and place of conducting any proceeding for exercising any remedy available to the Trustee or exercising any trust or power conferred on itthe Trustee. However, the Trustee may refuse to follow any direction that that: (1) conflicts with any law or with this Indenture that Indenture; (2) the Trustee determines may be unduly prejudicial to the rights of other the Holders of Notes not joining therein; or (it being understood that 3) may expose the Trustee does not have an affirmative duty to ascertain whether or not any such directions are unduly prejudicial to such Holders) or that may involve the Trustee in personal liability. The Trustee may take any other action deemed proper by the Trustee which is not inconsistent with such direction.

Appears in 3 contracts

Sources: Indenture (Apogent Technologies Inc), Indenture (Apogent Technologies Inc), Indenture (Apogent Technologies Inc)

Control by Majority. Holders of a majority in aggregate principal amount of the Notes then outstanding Notes may direct the time, method and place of conducting any proceeding for exercising any remedy available to the Trustee or exercising any trust or power conferred on it. However, the Trustee may refuse to follow any direction that conflicts with law or law, this Indenture or the Notes, or that the Trustee determines may be unduly prejudicial to the rights of other Holders of Notes (it being understood that the Trustee does not have an affirmative duty to ascertain determine whether or not any such directions are unduly action is prejudicial to such Holdersany Holder) or that may involve the Trustee in personal liability. The Trustee may take Prior to taking any other action deemed proper by under this Indenture, the Trustee which is not inconsistent with entitled to security and indemnity satisfactory to the Trustee against any loss, liability or expense to the Trustee that may result from the Trustee’s following such direction.

Appears in 3 contracts

Sources: Indenture (Boxed, Inc.), Indenture (Seven Oaks Acquisition Corp.), Indenture (MultiPlan Corp)

Control by Majority. Holders The holders of a majority in aggregate principal amount of the then outstanding Notes may direct the time, method and place of conducting any proceeding for exercising any remedy available to the Trustee or of exercising any trust or power conferred on itthe Trustee. However, the Trustee may refuse to follow any direction that conflicts with law or this Indenture or, subject to Article VII, that the Trustee determines may be is unduly prejudicial to the rights of any other Holders of Notes (it being understood that the Trustee does not have an affirmative duty to ascertain whether or not any such directions are unduly prejudicial to such Holders) holder or that may would involve the Trustee in personal liability. The liability or expenses for which it is not adequately indemnified; provided, however, that the Trustee may take any other action deemed proper by the Trustee which that is not inconsistent with such direction.

Appears in 3 contracts

Sources: Exchange Agreement (Talos Energy Inc.), Exchange Agreement (SAILFISH ENERGY HOLDINGS Corp), Exchange Agreement (Stone Energy Corp)

Control by Majority. The Holders of at least a majority in aggregate principal amount of the then outstanding Notes may direct the time, method and place of conducting any proceeding for exercising any remedy available to the Trustee or exercising any trust or power conferred on it. HoweverSubject to Section 7.01, however, the Trustee may refuse to follow any direction that conflicts with any law or this Indenture Indenture, that may involve the Trustee in personal liability, or that the Trustee determines in good faith may be unduly prejudicial to the rights of other Holders of Notes (it being understood another Holder; provided, however, that the Trustee does not have an affirmative duty to ascertain whether or not any such directions are unduly prejudicial to such Holders) or that may involve the Trustee in personal liability. The Trustee may take any other action deemed proper by the Trustee which is not inconsistent with such direction. In the event the Trustee takes any action or follows any direction pursuant to this Indenture, the Trustee shall be entitled to indemnification against any loss or expense caused by taking such action or following such direction.

Appears in 3 contracts

Sources: Indenture (Exide Technologies), Indenture (Omega Healthcare Investors Inc), Indenture (Omega Healthcare Investors Inc)

Control by Majority. Upon provision of reasonable indemnity to the Trustee satisfactory to the Trustee, the Holders of a majority in aggregate principal amount of the Notes then outstanding Notes may direct the time, method and place of conducting any proceeding for exercising any remedy available to the Trustee or of exercising any trust or power conferred on itthe Trustee. However, the Trustee Trustee, which may conclusively rely on opinions of counsel, may refuse to follow any direction that conflicts with law or this Indenture or, subject to Section 7.1, that the Trustee determines may be is unduly prejudicial to the rights of other Holders of Notes (it being understood that the Trustee does not have an affirmative duty to ascertain whether Noteholders or not any such directions are unduly prejudicial to such Holders) or that may would involve the Trustee in personal liability. The ; provided, however, that the Trustee may take any other action deemed proper by the Trustee which that is not inconsistent with such direction.

Appears in 3 contracts

Sources: Indenture (United States Steel Corp), Indenture (United States Steel Corp), Indenture (Usx Corp)

Control by Majority. The Holders of a majority in aggregate principal amount of the then outstanding Outstanding Notes may direct the time, method and place of conducting any proceeding for exercising any remedy available to the Trustee or of exercising any trust or power conferred on itthe Trustee. HoweverSubject to Sections 8.1 and 8.2, however, the Trustee may refuse to follow any direction that (i) conflicts with law or this Indenture that Indenture, (ii) exposes the Trustee determines may be unduly prejudicial to the rights of other Holders of Notes (it being understood that personal liability for which the Trustee does would not have an affirmative duty be satisfactorily indemnified pursuant to ascertain whether Section 8.7 hereof or not any such directions are (iii) is unduly prejudicial to such Holders) or Holders not joined therein; provided, further, that may involve the Trustee in personal liability. The Trustee may take any other action deemed proper by the Trustee which that is not inconsistent with such direction.

Appears in 3 contracts

Sources: Indenture (Pearson PLC), Indenture (Pearson PLC), Indenture (Pearson PLC)

Control by Majority. Holders of a majority in aggregate principal amount of the then outstanding Notes of any Series may in writing direct the time, method and place of conducting any proceeding for exercising any remedy available to the Trustee or exercising any trust or power conferred on it, subject to Section 7.02(e). However, the Trustee may refuse to follow any direction that conflicts with law or this Indenture that the Trustee determines may be unduly prejudicial to the rights of other Holders of Notes of such Series (it being understood that the Trustee does not have an affirmative duty to ascertain whether or not any such directions are unduly prejudicial to such Holders) or that may involve the Trustee in personal liability. The Trustee may take any other action deemed proper by the Trustee which that is not inconsistent with such direction.

Appears in 3 contracts

Sources: Indenture (Great Elm Group, Inc.), Indenture (Great Elm Group, Inc.), Indenture (Ceco Environmental Corp)

Control by Majority. Holders The holders of a majority in aggregate principal amount of the then outstanding Notes may direct the time, method and place of conducting any proceeding for exercising any remedy available to the Trustee or of exercising any trust or power conferred on itthe Trustee. HoweverThe Trustee, the Trustee however, may refuse to follow any direction that conflicts with law or this Indenture or that the Trustee determines may be is unduly prejudicial to the rights of any other Holders holder of Notes a Note (it being understood that the Trustee does not have an affirmative duty to ascertain whether or not any such directions are unduly prejudicial to such Holdersholders) or that may would involve the Trustee in personal liability. The Trustee may take any other action deemed proper by the Trustee which is not inconsistent with such direction.

Appears in 3 contracts

Sources: Senior Notes Indenture (IHS Markit Ltd.), Senior Notes Indenture (IHS Markit Ltd.), Senior Notes Indenture (IHS Markit Ltd.)

Control by Majority. The Holders of a majority in aggregate principal amount of the Notes then outstanding Notes may direct the time, method and place of conducting any proceeding for exercising any remedy available to the Trustee or exercising any trust or power conferred on itthe Trustee. However, the Trustee may refuse to follow any direction that conflicts with law or this Indenture that the Trustee determines may be unduly prejudicial to the rights of other Holders of Notes (it being understood that the Trustee does not have an affirmative duty to ascertain whether or not any such directions are unduly prejudicial to such Holders) or that may involve the Trustee in personal liability. The ; provided that the Trustee shall have no duty or obligation (subject to Section 7.01) to ascertain whether or not such actions of forebearances are unduly prejudicial to such Holders; provided, further, that the Trustee may take any other action deemed proper by the Trustee which deems proper that is not inconsistent with such directiondirections.

Appears in 3 contracts

Sources: Indenture (Delta Air Lines Inc /De/), Indenture (Delta Air Lines Inc /De/), Indenture (Delta Air Lines Inc /De/)

Control by Majority. Holders of not less than a majority in aggregate principal amount of the then outstanding Notes may direct the time, method and place of conducting any proceeding for exercising any remedy available to the Trustee or exercising any trust or power conferred on it. However, the Trustee may refuse to follow any direction that conflicts with law or this Indenture that the Trustee determines may be unduly prejudicial to the rights of other Holders of Notes (it being understood that the Trustee does not have an affirmative duty to ascertain whether or not any such directions are unduly prejudicial to such Holders) or that may involve the Trustee in personal liability. The Trustee may take any other action deemed proper by the Trustee which is not inconsistent with such direction.

Appears in 3 contracts

Sources: Indenture (Park Ohio Industries Inc/Oh), Indenture (Park Ohio Holdings Corp), Indenture (Park Ohio Industries Inc/Oh)

Control by Majority. Holders of a majority in aggregate principal amount of the then outstanding Notes may direct the time, method and place of conducting any proceeding for exercising any remedy available to the Trustee or exercising any trust or power conferred on it. However, the Trustee may refuse to follow any direction that conflicts with law or this Indenture that the Trustee determines may be unduly prejudicial to the rights of other Holders of Notes (it being understood that the Trustee does not have an affirmative duty to ascertain whether or not any such directions are unduly prejudicial to such Holders) or that may involve the Trustee in personal liability. The Trustee may take any other action deemed proper by liability it being understood that (subject to Section 7.1) the Trustee which is shall have no duty to ascertain whether or not inconsistent with such directionactions or forebearances are unduly prejudicial to such holders.

Appears in 3 contracts

Sources: Indenture (Cumulus Media Inc), Indenture (Canton Oil & Gas Co), Indenture (Lomak Petroleum Inc)

Control by Majority. The Holders of a majority in aggregate principal amount of the then outstanding Notes may direct the time, method and place of conducting any proceeding for exercising any remedy available to the Trustee or of exercising any trust or power conferred on itthe Trustee. However, the Trustee may refuse to follow any direction that conflicts with law or this Indenture Indenture, the Notes or, subject to Section 7.01, that the Trustee determines may be is unduly prejudicial to the rights of other Holders of Notes or would involve the Trustee in personal liability (it being understood that the Trustee does not have an affirmative has no duty to ascertain whether or not determine if any such directions are unduly directed action is prejudicial to such Holders) or any Holder); provided, however, that may involve the Trustee in personal liability. The Trustee may take any other action deemed proper by the Trustee which that is not inconsistent with such direction. Prior to taking any action hereunder, the Trustee shall be entitled to indemnification satisfactory to it in its sole discretion against all losses and expenses caused by taking or not taking such action.

Appears in 3 contracts

Sources: Indenture (Pra Group Inc), Indenture (Pra Group Inc), Indenture (Pra Group Inc)

Control by Majority. Holders of a majority in aggregate principal amount of the then outstanding Notes may direct the time, method and place of conducting any proceeding for exercising any remedy available to the Trustee Trustees or exercising any trust or power conferred on it. Howeverthem, the Trustee may refuse to follow provided that: (1) such direction shall not be in conflict with any direction that conflicts with rule of law or with this Indenture that Indenture; (2) the Trustee determines may be unduly prejudicial to the rights of other Holders of Notes (it being understood that the Trustee does not have an affirmative duty to ascertain whether or not any such directions are unduly prejudicial to such Holders) or that may involve the Trustee in personal liability. The Trustee Trustees may take any other action deemed proper by the Trustee Trustees which is not inconsistent with such direction, and (3) the Trustees need not take any action which might involve them in personal liability or be unjustly prejudicial to the Holders not consenting. Prior to taking any action under this Indenture, the Trustees shall be entitled to security or indemnity satisfactory to them in their sole discretion against all losses and expenses caused by taking or not taking such action.

Appears in 3 contracts

Sources: Indenture (Taseko Mines LTD), Indenture (Taseko Mines LTD), Indenture (Taseko Mines LTD)

Control by Majority. Subject to Section 8.02(d) of the Base Indenture, the Holders of a majority in aggregate principal amount of the then outstanding Notes may direct the time, method and place of conducting any proceeding for exercising any remedy available to the Trustee or of exercising any trust or power conferred on itthe Trustee. However, the Trustee may refuse to follow any direction that conflicts with law or this Supplemental Indenture or that the Trustee determines may be is unduly prejudicial to the rights of other Holders of Notes (it being understood that the Trustee does not have an affirmative duty to ascertain whether or not any such directions are unduly prejudicial to such Holders) or that may would involve the Trustee in personal liability. The ; provided, however, that the Trustee may take any other action deemed proper by the Trustee which is not inconsistent with such directionTrustee.

Appears in 3 contracts

Sources: Fourth Supplemental Indenture (Manitowoc Co Inc), Second Supplemental Indenture (Manitowoc Co Inc), First Supplemental Indenture (Manitowoc Co Inc)

Control by Majority. Subject to the last sentence of this paragraph, Holders of a majority in aggregate principal amount of the Notes then outstanding Notes may direct the time, method and place of conducting any proceeding for exercising any remedy available to the Trustee or exercising any trust or power conferred on it. However, the Trustee may refuse to follow any direction that conflicts with law or law, this Indenture or the Notes, or that the Trustee determines may be unduly prejudicial to the rights of other Holders of Notes (it being understood that the Trustee does not have an affirmative duty to ascertain determine whether or not any such directions are unduly direction is prejudicial to such Holdersany Holder) or that may involve the Trustee in personal liability. The Trustee may take Prior to taking any other action deemed proper by under this Indenture, the Trustee which is not inconsistent with entitled to security and indemnity satisfactory to the Trustee against any loss, liability or expense to the Trustee that may result from the Trustee’s following such direction.

Appears in 3 contracts

Sources: Indenture (Lucid Group, Inc.), Indenture (Lucid Group, Inc.), Indenture (Lucid Group, Inc.)

Control by Majority. The Holders of a majority in aggregate principal amount of the then outstanding Notes may direct the time, method and place of conducting any proceeding for exercising any remedy available to the Trustee or of exercising any trust or power conferred on itthe Trustee. However, the Trustee may refuse to follow any direction that conflicts with law or this Indenture Indenture, the Notes or any Note Guarantee, or that the Trustee determines may be in good faith is unduly prejudicial to the rights of any other Holders of Notes Holder (it being understood that the Trustee does shall not have an affirmative duty to ascertain whether or not any such directions are direction is unduly prejudicial to such Holdersany other Holder) or that may would involve the Trustee in personal liability. The Trustee may take any other action deemed proper by the Trustee which is not inconsistent with such directionliability or expense.

Appears in 3 contracts

Sources: Indenture (Howard Hughes Corp), Indenture (Howard Hughes Corp), Indenture (Howard Hughes Corp)

Control by Majority. Holders of a majority in aggregate principal amount of the then outstanding Notes may direct in writing the time, method and place of conducting any proceeding for exercising any remedy available to the Trustee or exercising any trust or power conferred on it. However, the Trustee may refuse to follow any direction that conflicts with law or this Indenture or that the Trustee determines may be unduly prejudicial to the rights of other Holders of Notes (it being understood that the Trustee does not have an affirmative duty to ascertain whether or not any such directions are unduly prejudicial to such Holders) or that may involve the Trustee in personal liability. The Trustee may take any other action deemed proper by the Trustee which is not inconsistent with such direction.

Appears in 3 contracts

Sources: Indenture (Renewable Energy Group, Inc.), Indenture (Par Pacific Holdings, Inc.), Indenture (Par Pacific Holdings, Inc.)

Control by Majority. Holders of a majority in aggregate principal amount of the Notes then outstanding Notes may direct the time, method and place of conducting any proceeding for exercising any remedy available to the Trustee or exercising any trust or power conferred on it. However, the Trustee may refuse to follow any direction that conflicts with law or law, this Indenture that or the Trustee determines Notes, or that, subject to Section 10.01, may be unduly prejudicial to the rights of other Holders of Notes (it being understood that the Trustee does not have an affirmative duty to ascertain whether or not any such directions are direction is unduly prejudicial to such any Holders) or that may involve the Trustee in personal liability. The Trustee may take any other action deemed proper by , unless the Trustee which is not inconsistent with offered security and indemnity satisfactory to the Trustee against any loss, liability or expense to the Trustee that may result from the Trustee’s following such direction.

Appears in 3 contracts

Sources: Indenture (Bentley Systems Inc), Indenture (Bentley Systems Inc), Indenture (National Vision Holdings, Inc.)

Control by Majority. The Holders of a majority in aggregate principal amount of the then outstanding Notes Securities may direct the time, method and place of conducting any proceeding for exercising any remedy available to the Trustee or of exercising any trust or power conferred on itthe Trustee. However, the Trustee may refuse to follow any direction that conflicts with law or this Indenture or, subject to Section 7.01, that the Trustee determines may be is unduly prejudicial to the rights of any other Holders of Notes Holder (it being understood that the Trustee does not have an affirmative duty to ascertain whether or not any such directions are unduly prejudicial to such HoldersHolder) or that may would involve the Trustee in personal liability. The Trustee may take Prior to taking any other action deemed proper by under this Indenture, the Trustee which is shall be entitled to indemnification satisfactory to it in its sole discretion against all losses and expenses caused by taking or not inconsistent with taking such directionaction.

Appears in 3 contracts

Sources: Indenture (Party City Holdco Inc.), Indenture (Party City Holdco Inc.), Indenture (Party City Holdco Inc.)

Control by Majority. Holders of a majority in aggregate principal amount of the then outstanding Notes may direct the time, method and place of conducting any proceeding for exercising any remedy available to the Trustee or exercising any trust or power conferred on it. However, the Trustee may refuse to follow any direction that conflicts with law or this Indenture that the Trustee determines may be unduly prejudicial to the rights of other Holders of Notes (it being understood that the Trustee does not have an affirmative duty to ascertain whether or not any such directions are unduly prejudicial to such Holders) or that may involve the Trustee in personal liability. The Trustee may take any other action deemed proper by the Trustee which , loss or expense that is not inconsistent with such directionadequately indemnified in the judgment of the Trustee.

Appears in 3 contracts

Sources: Indenture (Vector Group LTD), Indenture (Vector Group LTD), Indenture (Vector Group LTD)

Control by Majority. Holders of a majority in aggregate principal amount of the then outstanding Notes may direct the time, method and place of conducting any proceeding for exercising any remedy available to the Trustee or exercising any trust or power conferred on it. However, the Trustee may refuse to follow any direction that conflicts with law or this Indenture that the Trustee determines may be unduly prejudicial to the rights of other Holders of Notes (it being understood that the Trustee does shall not have an affirmative duty to ascertain whether or not any such directions are direction is unduly prejudicial to such Holdersthe rights of any other Holder) or that may involve the Trustee in personal liability. The Trustee may take any other action deemed proper by the Trustee which is not inconsistent with such direction.

Appears in 3 contracts

Sources: Indenture (Red Rock Resorts, Inc.), Indenture (Red Rock Resorts, Inc.), Indenture (Red Rock Resorts, Inc.)

Control by Majority. Holders of a majority in aggregate principal amount of the then outstanding Notes may direct the time, method and place of conducting any proceeding for exercising any remedy available to the Trustee or exercising any trust or power conferred on it. However, the Trustee may refuse to follow any direction that conflicts with law or this Indenture that the Trustee determines may be unduly prejudicial to the rights of other Holders of Notes (it being understood that the Trustee does not have an affirmative duty to ascertain whether or not any such directions are unduly prejudicial to such Holders) or that may involve the Trustee in personal liability. The liability (provided that the Trustee may take shall have no affirmative duty to determine whether any direction is prejudicial to any other action deemed proper by the Trustee which is not inconsistent with such directionHolder).

Appears in 3 contracts

Sources: Indenture (California Resources Corp), Indenture (California Resources Corp), Indenture (California Resources Corp)

Control by Majority. The Holders of a majority in aggregate principal amount of the then outstanding Notes Securities may direct the time, method and place of conducting any proceeding for exercising any remedy available to the Trustee or exercising any trust or power conferred on itit including, without limitation, any remedies provided for in Section 6.03. HoweverSubject to Section 7.01, however, the Trustee may refuse to follow any direction that conflicts with any law or this Indenture that the Trustee determines may be unduly prejudicial to the rights of other Holders of Notes (it being understood that the Trustee does not have an affirmative duty to ascertain whether or not any such directions are unduly prejudicial to such Holders) another Securityholder, or that may involve the Trustee in personal liability. The ; provided that the Trustee may take any other action deemed proper by the Trustee which is not inconsistent with such direction.

Appears in 3 contracts

Sources: Indenture (Wickes Inc), Indenture (Wickes Inc), Indenture (Duane Reade Inc)

Control by Majority. The Holders of a majority in aggregate principal amount of the then outstanding Notes may direct the time, method and place of conducting any proceeding for exercising any remedy available to the Trustee or of exercising any trust or power conferred on itthe Trustee. However, the Trustee may refuse to follow any direction that conflicts with law law, this Indenture, the Notes or this Indenture any Note Guarantee, or that the Trustee determines may be is unduly prejudicial to the rights of any other Holders of Notes Holder (it being understood that the Trustee does not have an affirmative any duty to ascertain determine whether or not any such directions are unduly action is prejudicial to such Holdersany Holder) or that may would involve the Trustee in personal liability. The Trustee may take any other action deemed proper by liability or expense for which the Trustee which is has not inconsistent with such directionreceived a satisfactory indemnity.

Appears in 3 contracts

Sources: Indenture (Permian Resources Corp), Indenture (Permian Resources Corp), Indenture (Permian Resources Corp)

Control by Majority. Holders of a majority in aggregate principal amount of the then outstanding Notes may direct the time, method and place of conducting any proceeding for exercising any remedy available to the Trustee or exercising any trust or power conferred on it. However, the Trustee may refuse to follow any direction that conflicts with law or this Indenture that the Trustee determines may be unduly prejudicial to the rights of other Holders of Notes or that may involve the Trustee in personal liability (it being understood that the Trustee does not have an affirmative duty to ascertain whether or not any such directions actions or forbearances are unduly prejudicial to such Holders) or that may involve the Trustee in personal liability. The Trustee may take any other action deemed proper by the Trustee which is not inconsistent with such direction).

Appears in 3 contracts

Sources: Indenture (BRP (Luxembourg) 4 S.a.r.l.), Indenture (Dominos Inc), Indenture (Dominos Pizza Government Services Division Inc)

Control by Majority. Subject to Section 7.01(e) hereof, the Holders of a majority in aggregate principal amount of all the then outstanding Notes may direct the time, method and place of conducting any proceeding for exercising any remedy available to the Trustee or of exercising any trust or power conferred on it. However, the Trustee and the Trustee may take any other action deemed proper by the Trustee that is not inconsistent with such direction. The Trustee, however, may refuse to follow any direction that conflicts with law or this Indenture or that the Trustee determines may be is unduly prejudicial to the rights of any other Holders of Notes (it being understood that the Trustee does not have an affirmative duty to ascertain whether or not any such directions are unduly prejudicial to such Holders) Holder or that may would involve the Trustee in personal liability. The Trustee may take any other action deemed proper by the Trustee which is not inconsistent with such direction.

Appears in 3 contracts

Sources: Indenture (Hilton Grand Vacations Inc.), Indenture (Hilton Worldwide Holdings Inc.), Indenture (Hilton Worldwide Holdings Inc.)

Control by Majority. Upon provision of security or indemnity satisfactory to the Trustee, the Holders of a majority in aggregate principal amount of the Notes then outstanding Notes may direct the time, method and place of conducting any proceeding for exercising any remedy available to the Trustee with respect to the Notes or of exercising any trust or power conferred on itthe Trustee. However, the Trustee Trustee, which may conclusively rely on opinions of counsel, may refuse to follow any direction that conflicts with law or this Indenture or that the Trustee determines may be is unduly prejudicial to the rights of other Holders of Notes (it being understood that the Trustee does not have an affirmative duty to ascertain whether Noteholders or not any such directions are unduly prejudicial to such Holders) or that may would involve the Trustee in personal liability. The ; provided, however, that the Trustee may take any other action deemed proper by the Trustee which that is not inconsistent with such direction.

Appears in 3 contracts

Sources: Indenture (Expedia, Inc.), Indenture (Expedia, Inc.), Indenture (Dow Jones & Co Inc)

Control by Majority. The Holders of a majority in aggregate principal amount of the then outstanding Notes may direct the time, method and place of conducting any proceeding for exercising any remedy available to the Trustee or of exercising any trust or power conferred on itthe Trustee. However, the Trustee may refuse to follow any direction that conflicts with law law, this Indenture, the Notes or this Indenture any Note Guarantee, or that the Trustee determines may be in good faith is unduly prejudicial to the rights of any other Holders of Notes Holder (it being understood that the Trustee does not have an affirmative duty to ascertain whether or not any such directions actions or forbearances are unduly prejudicial to such Holdersholders) or that may would involve the Trustee in personal liability. The Trustee may take any other action deemed proper by the Trustee which is not inconsistent with such direction.

Appears in 2 contracts

Sources: Senior Notes Indenture (Mativ Holdings, Inc.), Senior Notes Indenture (Schweitzer Mauduit International Inc)

Control by Majority. Holders of a majority in aggregate principal amount of the then total outstanding Notes may direct the time, method and place of conducting any proceeding for exercising any remedy available to the Trustee or of exercising any trust or power conferred on itthe Trustee. HoweverThe Trustee, the Trustee however, may refuse to follow any direction that conflicts with law or this Indenture or that the Trustee determines may be is unduly prejudicial to the rights of any other Holders of Notes Holder (it being understood that provided, however, the Trustee does shall not have an affirmative duty to ascertain determine whether or not any such directions are direction is unduly prejudicial to such Holdersthe rights of any other Holder) or that may would involve the Trustee in personal liability. The Trustee may take any other action deemed proper by In the event the Trustee which is received inconsistent or conflicting directions from two or more groups of Holders, each representing less than a majority in aggregate principal amount of the Notes outstanding, the Trustee, in its sole discretion, may determine what action, if any, shall be taken or not inconsistent with such directiontaken.

Appears in 2 contracts

Sources: Indenture (Iqvia Holdings Inc.), Indenture (Iqvia Holdings Inc.)

Control by Majority. The Holders of a majority in aggregate principal amount of the then outstanding Notes may direct the time, method and place of conducting any proceeding for exercising any remedy available to the Trustee or exercising any trust or power conferred on it. However, the Trustee may refuse to follow any direction that conflicts with law or this Indenture that the Trustee determines may be unduly prejudicial to the rights of other Holders of Notes (it being understood that the Trustee does not have an affirmative duty to ascertain whether or not any such directions are unduly prejudicial to such Holders) or that may involve the Trustee in personal liability. The ; provided, however, that the Trustee shall have no duty or obligation (subject to Section 6.02) to ascertain whether or not such actions or forbearances are unduly prejudicial to such Holders; provided further, however that the Trustee may take any other action deemed proper by the Trustee which deems proper that is not inconsistent with such directiondirections.

Appears in 2 contracts

Sources: Supplemental Indenture (Level 3 Communications Inc), First Supplemental Indenture (Level 3 Communications Inc)

Control by Majority. The Holders of a majority in aggregate principal amount of the then outstanding Notes of any Series may direct the time, method and place of conducting any proceeding for exercising any remedy available to the Trustee or exercising any trust or power conferred on itit with respect to such Series. However, (i) the Trustee may refuse to follow any direction that conflicts with law or this Indenture Indenture, that the Trustee determines may be unduly prejudicial to the rights of other Holders of Notes (it being understood that the Trustee does not have an affirmative duty to ascertain whether or not any such directions are unduly prejudicial to such Holders) or that may involve the Trustee in personal liability. The liability (it being understood that the Trustee has no affirmative duty to ascertain whether or not such action is unduly prejudicial to such Holders), and (ii) the Trustee may take any other action deemed proper by the Trustee which is not inconsistent with such direction.

Appears in 2 contracts

Sources: Indenture (Rock-Tenn Co of Texas), Indenture (Rock-Tenn CO)

Control by Majority. The Holders of a majority in aggregate principal amount of the then outstanding Notes may direct the time, method and place of conducting any proceeding for exercising any remedy available to the Trustee or of exercising any trust or power conferred on itthe Trustee. However, the Trustee may refuse to follow any direction that conflicts with law law, this Indenture, the Notes or this Indenture any Note Guarantee, or that the Trustee determines may be in good faith is unduly prejudicial to the rights of any other Holders of Notes Holder (it being understood that the Trustee does not have an affirmative duty to ascertain whether or not any such directions are unduly prejudicial to such Holders) or that may would involve the Trustee in personal liability. The Trustee may take any other action deemed proper by the Trustee which is not inconsistent with such direction.

Appears in 2 contracts

Sources: Senior Notes Indenture (TTM Technologies Inc), Senior Notes Indenture (Wolverine World Wide Inc /De/)

Control by Majority. Holders of a majority in aggregate principal amount of the then then-outstanding Notes may direct the time, method and place of conducting any proceeding for exercising any remedy available to the Trustee or of exercising any trust or power conferred on itthe Trustee. HoweverThe Trustee, the Trustee however, may refuse to follow any direction that conflicts with law or this Indenture or that the Trustee determines may be is unduly prejudicial to the rights of any other Holders of Notes Holder or that would involve the Trustee in personal liability (it being understood that the Trustee does not have an affirmative duty to ascertain determine whether or not any such directions actions are unduly prejudicial to such any Holders) or that may involve the Trustee in personal liability. The Trustee may take any other action deemed proper by the Trustee which is not inconsistent with such direction).

Appears in 2 contracts

Sources: Indenture (Cano Health, Inc.), Indenture (Healthcare Royalty, Inc.)

Control by Majority. The Holders of a majority in aggregate principal amount of the then outstanding Notes may direct the time, method and place of conducting any proceeding for exercising any remedy available to the Trustee or exercising any trust or power conferred on itit including, without limitation, any remedies provided for in Section 6.03. HoweverSubject to Section 7.01, however, the Trustee may refuse to follow any direction that conflicts with any law or this Indenture that the Trustee determines may be unduly prejudicial to the rights of other Holders of Notes (it being understood that the Trustee does not have an affirmative duty to ascertain whether or not any such directions are unduly prejudicial to such Holders) another Noteholder, or that may involve the Trustee in personal liability. The ; PROVIDED that the Trustee may take any other action deemed proper by the Trustee which is not inconsistent with such direction.

Appears in 2 contracts

Sources: Indenture (Garden State Newspapers Inc), Indenture (Garden State Newspapers Inc)

Control by Majority. The Holders of a majority in aggregate of the principal amount of the then outstanding Notes may Outstanding CODES (or such lesser amount as shall have acted at a meeting pursuant to the provisions of this Indenture) shall have the right to direct the time, method and place of conducting any proceeding for exercising any remedy available to the Trustee or exercising any trust or power conferred on itthe Trustee. However, the Trustee may refuse to follow any direction that that: (1) conflicts with any law or with this Indenture that Indenture; (2) the Trustee determines may be unduly prejudicial to the rights of other the Holders of Notes not joining therein; or (it being understood that 3) may expose the Trustee does not have an affirmative duty to ascertain whether or not any such directions are unduly prejudicial to such Holders) or that may involve the Trustee in personal liability. The Trustee may take any other action deemed proper by the Trustee which is not inconsistent with such direction.

Appears in 2 contracts

Sources: Indenture (Apogent Technologies Inc), Indenture (Apogent Technologies Inc)

Control by Majority. Holders of a majority in aggregate principal amount of the then outstanding Notes may direct the time, method and place of conducting any proceeding for exercising any remedy available to the Trustee or exercising any trust or power conferred on it. The Trustee is under no obligation to exercise any of its rights or powers under this Indenture at the request, order or direction of any of the Holders, unless such Holders have offered to the Trustee indemnity reasonably satisfactory to it. However, the Trustee may refuse to follow any direction that conflicts with law or this Indenture that the Trustee determines may be unduly prejudicial to the rights of other Holders of Notes (it being understood that the Trustee does not have an affirmative duty to ascertain whether or not any such directions are unduly prejudicial to such Holders) or that may involve the Trustee in personal liability. The Trustee may take any other action deemed proper by the Trustee which is not inconsistent with such direction.

Appears in 2 contracts

Sources: Indenture (Jarden Corp), Indenture (Jarden Corp)

Control by Majority. The Holders of a majority in aggregate principal amount of the then outstanding Outstanding Notes may (or such lesser amount as shall have acted at a meeting pursuant to the provisions of this Indenture) shall have the right to direct the time, method and place of conducting any proceeding for exercising any remedy available to the Trustee or exercising any trust or power conferred on itthe Trustee. However, the Trustee may refuse to follow any direction that that: (1) conflicts with any law or with this Indenture that Indenture; (2) the Trustee determines may be unduly prejudicial to the rights of other the Holders of Notes not joining therein, or (it being understood that 3) may expose the Trustee does not have an affirmative duty to ascertain whether or not any such directions are unduly prejudicial to such Holders) or that may involve the Trustee in personal liability. The Trustee may take any other action deemed proper by the Trustee which is not inconsistent with such direction.

Appears in 2 contracts

Sources: Indenture (Ciphergen Biosystems Inc), Indenture (Radisys Corp)

Control by Majority. Holders of a majority in aggregate principal amount of the then outstanding Notes may direct the time, method and place of conducting any proceeding for exercising any remedy available to the Trustee or of exercising any trust or power conferred on itthe Trustee. However, the Trustee may refuse to follow any direction that conflicts with law or this Indenture Indenture, that the Trustee determines may be unduly prejudicial to the rights of other Holders of Notes (it being understood that the Trustee does not have an affirmative duty to ascertain whether or not any such directions are action or forbearance is unduly prejudicial to such Holders) or that may involve the Trustee in personal liability. The ; provided however, that the Trustee may take any other action deemed proper by the Trustee which that is not inconsistent with such direction.

Appears in 2 contracts

Sources: Indenture (Adient PLC), Indenture (Adient PLC)

Control by Majority. Holders of a majority in aggregate principal amount of the then outstanding Notes may direct the time, method and place of conducting any proceeding for exercising any remedy available to the Trustee or exercising any trust or power conferred on it. HoweverIn addition, the Trustee may refuse to follow any direction that conflicts with law or this Indenture that the Trustee determines may be unduly prejudicial to the rights of other Holders of Notes (it being understood that the Trustee does not have an affirmative duty to ascertain whether or not any such directions are unduly prejudicial to such Holders) or that may involve the Trustee in personal liability. The Trustee may take any other action deemed proper by the Trustee which is not inconsistent with such direction.

Appears in 2 contracts

Sources: Indenture (Wynn Resorts LTD), Indenture (Wynn Resorts LTD)

Control by Majority. Subject to Section 7.01(e) hereof, the Holders of a majority in aggregate principal amount of all the then outstanding Notes may direct the time, method and place of conducting any proceeding for exercising any remedy available to the Trustee or of exercising any trust or power conferred on it. However, the Trustee and the Trustee may take any other action deemed proper by the Trustee that is not inconsistent with such direction. The Trustee, however, may refuse to follow any direction that conflicts with law or this Indenture or that the Trustee determines may be is unduly prejudicial to the rights of any other Holders of Notes Holder or that would involve the Trustee in personal liability (it being understood provided, however, that the Trustee does shall not be deemed to have an affirmative duty to ascertain determine whether or not any such directions are direction is unduly prejudicial to such Holders) or that may involve the Trustee in personal liability. The Trustee may take any other action deemed proper by the Trustee which is not inconsistent with such directionHolder).

Appears in 2 contracts

Sources: Indenture (Hilton Grand Vacations Inc.), Indenture (Hilton Grand Vacations Inc.)

Control by Majority. Holders of a majority in aggregate principal amount of the then outstanding Notes may direct the time, method and place of conducting any proceeding for exercising any remedy available to the Trustee or exercising any trust or power conferred on it. However, the Trustee may refuse to follow any direction that conflicts with law or this Indenture that the Trustee determines may be unduly prejudicial to the rights of other Holders of Notes (it being understood that the Trustee does not have an affirmative duty to ascertain whether or not any such directions actions or forbearances are unduly prejudicial to such Holders) or that may involve the Trustee in personal liability. The Trustee may take any other action deemed proper by the Trustee which is not inconsistent with such direction.

Appears in 2 contracts

Sources: Indenture (Altera Infrastructure L.P.), Supplemental Indenture (Altera Infrastructure L.P.)

Control by Majority. Holders of a majority in aggregate principal amount of the then outstanding Notes may direct the time, method and place of conducting any proceeding for exercising any remedy available to the Trustee or exercising any trust or power conferred on it. However, the Trustee may refuse to follow any direction that conflicts with law or this Indenture Indenture, that the Trustee determines may be unduly prejudicial to the rights of other Holders of Notes (it being understood that the Trustee does not have an affirmative duty to ascertain whether or not any such directions are unduly prejudicial to such Holders) or that may involve the Trustee in personal liability. The Trustee may take any other action deemed proper by the Trustee which is not inconsistent with such direction.

Appears in 2 contracts

Sources: Indenture (Parker Drilling Co /De/), Indenture (Parker Drilling Co /De/)

Control by Majority. Holders of a majority in aggregate principal amount of the Notes then outstanding Notes may direct the time, method and place of conducting any proceeding for exercising any remedy available to the Trustee or exercising any trust or power conferred on it. However, the Trustee may refuse to follow any direction that conflicts with law or law, this Indenture that or the Notes, or that, subject to Section 10.1, the Trustee determines may be unduly prejudicial to the rights of other Holders of Notes (it being understood provided, however, that the Trustee does shall not have an affirmative duty to ascertain determine whether or not any such directions are direction is unduly prejudicial to such the rights of any other Holders) or that may involve the Trustee in personal liability. The Trustee may take any other action deemed proper by the Trustee which is not inconsistent with such direction.

Appears in 2 contracts

Sources: Indenture (ProCap BTC, LLC), Indenture (Trump Media & Technology Group Corp.)

Control by Majority. Holders of a majority in aggregate principal amount of the then outstanding Notes of any Series may in writing direct the time, method and place of conducting any proceeding for exercising any remedy available to the Trustee or exercising any trust or power conferred on it, subject to Section 7.02(f). However, the Trustee may refuse to follow any direction that conflicts with law or this Indenture that the Trustee determines may be unduly prejudicial to the rights of other Holders of Notes of such Series (it being understood that the Trustee does not have an affirmative duty to ascertain whether or not any such directions are unduly prejudicial to such Holders) or that may involve the Trustee in personal liability. The Trustee may take any other action deemed proper by the Trustee which that is not inconsistent with such direction.

Appears in 2 contracts

Sources: Indenture (Conagra Brands Inc.), Convertible Notes Exchange Agreement (TimkenSteel Corp)

Control by Majority. Holders of a majority in aggregate principal amount of the then outstanding Notes may direct the time, method and place of conducting any proceeding for exercising any remedy available to the Trustee or of exercising any trust or power conferred on it. HoweverThe Trustee, the Trustee however, may refuse to follow any direction that conflicts with law or this the Indenture that the Trustee determines may be is unduly prejudicial to the rights of any other Holders of Notes (it being understood that the Trustee does not have an the affirmative duty to ascertain whether or not any such directions are unduly prejudicial to such Holders) of a Note or that may involve the Trustee could result in personal liability. The Trustee may take any other action deemed proper by liability for the Trustee which is not inconsistent with such directionTrustee.

Appears in 2 contracts

Sources: Second Supplemental Indenture (Charles River Laboratories International, Inc.), First Supplemental Indenture (Charles River Laboratories International Inc)

Control by Majority. Holders of a majority in aggregate principal amount of the then outstanding Notes may direct the time, method and place of conducting any proceeding for exercising any remedy available to the Trustee or exercising any trust or power conferred on it. However, the Trustee may refuse to follow any direction that conflicts with law or this Indenture that the Trustee determines may be unduly prejudicial to the rights of other Holders of Notes or that may involve the Trustee in personal liability (it being understood that the Trustee does not have an affirmative duty to ascertain whether or not any such directions actions or forbearances are unduly prejudicial to such Holders) or that may involve the Trustee in personal liability. The Trustee may take any other action deemed proper by the Trustee which is not inconsistent with such direction).

Appears in 2 contracts

Sources: Indenture (Carmike Cinemas Inc), Indenture (Carmike Cinemas Inc)

Control by Majority. Holders of a majority in aggregate principal amount of the then outstanding Notes may direct the time, method and place of conducting any proceeding for exercising any remedy available to the Trustee or of exercising any trust or power conferred on itthe Trustee. However, the Trustee may refuse to follow any direction that conflicts with law or this Indenture that the Trustee determines may be unduly prejudicial to the rights of any other Holders of Notes Holder (it being understood that the Trustee does not have an affirmative duty to ascertain whether or not any such directions actions are unduly prejudicial to such Holdersany Holder) or that may involve the Trustee in personal liability. The Trustee may take any other action deemed proper by the Trustee which is not inconsistent with such direction.

Appears in 2 contracts

Sources: Indenture (Urban One, Inc.), Indenture (Urban One, Inc.)

Control by Majority. Holders of a majority in aggregate principal amount of the then outstanding Notes may direct the time, method and place of conducting any proceeding for exercising any remedy available to the Trustee or exercising any trust or power conferred on it. However, the Trustee may refuse to follow any direction that conflicts with law or this Indenture Indenture, that the Trustee determines in its sole discretion may be unduly prejudicial to the rights of other Holders of Notes (it being understood that the Trustee does not have an affirmative duty to ascertain whether or not any such directions are unduly prejudicial to such Holders) ), or that may involve the Trustee in personal liability. The Trustee may take any other action deemed proper by the Trustee which is not inconsistent with such direction.

Appears in 2 contracts

Sources: Indenture (Emergent BioSolutions Inc.), Indenture (MTS Systems Corp)

Control by Majority. The Holders of a majority in aggregate principal amount of the then outstanding Notes may Outstanding Securities (or such lesser amount as shall have acted as a meeting pursuant to the provisions of this Indenture) shall have the right to direct the time, method and place of conducting any proceeding for exercising any remedy available to the Trustee or exercising any trust or power conferred on itthe Trustee. However, the Trustee may refuse to follow any direction that that: (a) conflicts with any law or with this Indenture that Indenture; (b) the Trustee determines may be unduly prejudicial to the rights of other the Holders of Notes not joining therein, or (it being understood that c) may expose the Trustee does not have an affirmative duty to ascertain whether or not any such directions are unduly prejudicial to such Holders) or that may involve the Trustee in personal liability. The Trustee may take any other action deemed proper by the Trustee which is not inconsistent with such direction.

Appears in 2 contracts

Sources: Indenture (Nektar Therapeutics), Indenture (Nektar Therapeutics)

Control by Majority. Holders of a majority in aggregate principal amount of the then outstanding Notes an Investment Majority may direct the time, method and place of conducting any proceeding for exercising any remedy available to the Trustee or exercising any trust or power conferred on it, except where the provision which is the underlying basis for the remedy provides for the waiving of such provision only by Holders representing a larger percentage of the Notes than an Investment Majority in which event only Holders of such larger percentage may so direct the Trustee. However, the Trustee may refuse to follow any direction that conflicts with law or this Indenture that the Trustee determines may be unduly prejudicial to the rights of other Holders of Notes (it being understood that the Trustee does not have an affirmative duty to ascertain whether or not any such directions are unduly prejudicial to such Holders) or that may involve the Trustee in personal liability. The Trustee may take any other action deemed proper by the Trustee which is not inconsistent with such direction.

Appears in 2 contracts

Sources: Indenture (Infinity Inc), Indenture (Infinity Inc)

Control by Majority. The Holders of not less than a majority in aggregate principal amount of the then outstanding Notes may direct the time, method and place of conducting any proceeding for exercising any remedy available to the Trustee or exercising any trust or power conferred on it. However, the The Trustee may refuse to follow any direction that conflicts with any law or this Indenture Indenture, that the Trustee determines may be unduly prejudicial to the rights of other Holders of Notes (it being understood that the Trustee does not have an affirmative duty to ascertain whether or not any joining in such directions are unduly prejudicial to such Holders) direction, or that may involve the Trustee in personal liability. The ; provided that the Trustee may take any other action deemed proper by the Trustee which is not inconsistent with such direction. In the event the Trustee takes any action or follows any direction pursuant to this Indenture, the Trustee shall be entitled to indemnification against any loss or expense caused by taking such action or following such direction.

Appears in 2 contracts

Sources: Indenture (Headwaters Inc), Indenture (Headwaters Inc)