Common use of Control by Majority Clause in Contracts

Control by Majority. Subject to the other provisions of this Indenture and applicable law, the Holders of not less than a majority in aggregate principal amount of the outstanding Notes may direct the time, method and place of conducting any proceeding for any remedy available to the Trustee or exercising any trust or power conferred on it. 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 another Holder, or that may involve the Trustee in personal liability; 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 satisfactory to the Trustee against any loss or expense caused by taking such action or following such direction.

Appears in 17 contracts

Sources: Indenture (Sensata Technologies Holding PLC), Indenture (Sensata Technologies Holding PLC), Indenture (Sensata Technologies Holding PLC)

Control by Majority. Subject to the other provisions of this Indenture and applicable law, the The Holders of not less than a majority in aggregate principal amount of the outstanding Notes Securities may direct the time, method and place of conducting any proceeding for any remedy available to the Trustee or exercising any trust or power conferred on it. The Subject 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 another HolderSecurityholder, or that may involve may, in the sole judgment of the Trustee, give rise to or subject the Trustee in to personal liability; provided that the Trustee may take any other action deemed proper by the Trustee which is not inconsistent with such directionTrustee. In the event the Trustee takes any action or follows any direction pursuant to this Indenture, the Trustee shall be entitled to indemnification satisfactory to the Trustee it in its sole discretion against any loss or expense caused by taking such action or following such direction.

Appears in 17 contracts

Sources: Indenture (Light & Wonder, Inc.), Indenture (Light & Wonder, Inc.), Indenture (Scientific Games Corp)

Control by Majority. Subject to the other provisions of this Indenture and applicable law, the (a) Holders of not less than a majority in aggregate principal amount of the outstanding Outstanding Notes may direct the time, method and place of conducting any proceeding for any remedy available to the Trustee or exercising any trust or power conferred on itthe Trustee. The Subject 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 another any other Holder, or that may involve the Trustee in personal liability; provided that the Trustee may take any other action deemed proper by the Trustee which is not inconsistent with such direction. . (b) In the event the Trustee takes any action or follows any direction pursuant to this Indenture, the Trustee shall be entitled to indemnification or security satisfactory to the Trustee it in its sole discretion against any loss or expense caused by taking or not taking such action or following such direction.

Appears in 13 contracts

Sources: Indenture, Indenture, Indenture

Control by Majority. Subject to the other provisions of this Indenture and applicable law, the The Holders of not less than a majority in aggregate principal amount of the outstanding Notes may direct the time, method and place of conducting any proceeding for exercising any remedy available to the Trustee Trustee, or of exercising any trust or power conferred on itthe Trustee, in respect of the Notes. The However, the Trustee may refuse to follow any direction that the Trustee determines (after consultation with counsel) conflicts with any law or this Indenture, Indenture or that the Trustee determines may be is unduly prejudicial to the rights of another Holder, any other Holder or that may involve the Trustee in personal liability; provided that the Trustee may take any other action deemed proper by the Trustee which is not inconsistent with any such direction. In the event the Trustee takes Prior to taking any action or follows any direction pursuant to under this Indenture, the Trustee shall will be entitled to indemnification and/or security satisfactory to the Trustee it against any loss or expense all losses and expenses caused by taking or not taking such action or following such directionaction.

Appears in 13 contracts

Sources: Indenture (Encore Capital Group Inc), Indenture (Encore Capital Group Inc), Indenture (Encore Capital Group Inc)

Control by Majority. Subject to the other provisions of this Indenture and applicable law, the The Holders of not less than a majority in aggregate principal amount of the Securities of a series then outstanding Notes may direct the time, method and place of conducting any proceeding for any remedy available to the Trustee with regard to the Securities of that series or of exercising any trust or power conferred on itthe Trustee with regard to the Securities of that series. The However, the Trustee may refuse to follow any direction that conflicts with any law or this IndentureIndenture or, subject to Section 7.01, that the Trustee determines may be is unduly prejudicial to the rights of another Holder, other Securityholders or that may would involve the Trustee in personal liability; provided liability provided, however, that the Trustee may take any other action deemed proper by the Trustee which that is not inconsistent with such direction. In the event the Trustee takes Prior to taking any action or follows any as a result of a direction pursuant to given under this IndentureSection, the Trustee shall will be entitled to indemnification satisfactory to the Trustee it in its sole discretion against any loss or expense all losses and expenses caused by taking such action or following such directionnot taking that action.

Appears in 13 contracts

Sources: Indenture (National Storage Affiliates Trust), Indenture (National Storage Affiliates Trust), Indenture (Ryerson Holding Corp)

Control by Majority. Subject to the other provisions of this Indenture and applicable law, the The Holders of not less than a majority in aggregate principal amount of the outstanding Notes Securities of any Series may direct the time, method and place of conducting any proceeding for any remedy available to the Trustee or of exercising any trust or power conferred on itthe Trustee with respect to that Series. The However, the Trustee may refuse to follow any direction that conflicts with any law or this IndentureIndenture or, subject to Section 7.01, that the Trustee determines may be is unduly prejudicial to the rights of another Holder, any other Holder of that Series or that may involve would subject the Trustee in to personal liability; provided provided, however, that the Trustee may take any other action deemed proper by the Trustee which that is not inconsistent with such direction. In the event the Trustee takes Prior to taking any action or follows any direction pursuant to this Indenturehereunder, the Trustee shall be entitled to indemnification satisfactory to the Trustee it in its sole discretion against any loss or expense all losses and expenses caused by taking or not taking such action or following such directionaction.

Appears in 10 contracts

Sources: Indenture (Priceline Group Inc.), Indenture (Roadrunner Transportation Systems, Inc.), Indenture (Crown Castle International Corp)

Control by Majority. Subject to the other provisions of this Indenture and applicable law, the The Holders of not less than a majority in aggregate principal amount of the outstanding Notes may direct the time, method and place of conducting any proceeding for any remedy available to the Trustee or exercising any trust or power conferred on it. The Subject to ‎Section 8.01, 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 another Holder (it being understood that the Trustee has no duty to determine if any directed action is prejudicial to any Holder), or that may involve the Trustee in personal liability; 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 satisfactory to the Trustee it against any loss or expense caused by taking such action or following such direction.

Appears in 10 contracts

Sources: Indenture (JBS S.A.), Indenture (JBS S.A.), Indenture (JBS Holding Luxembourg S.A R.L.)

Control by Majority. Subject to the other provisions of this Indenture and applicable law, the (a) The Holders of not less than at least a majority in aggregate principal amount of the outstanding Notes Securities of any Series may direct the time, method and place of conducting any proceeding for any remedy available to the Trustee of such Series or exercising any trust or power conferred on itit with respect to such Series. The Subject 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 another Holder, or that may involve the Trustee in personal liability; provided provided, however, that the Trustee may take any other action deemed proper by the Trustee which is not inconsistent with such direction. . (b) In the event the Trustee takes any action or follows any direction pursuant to this Indenture, the Trustee shall be entitled to indemnification satisfactory to the Trustee against any loss or expense caused by taking such action or following such direction.

Appears in 9 contracts

Sources: Indenture (Transwitch Corp /De), Indenture (Transwitch Corp /De), Indenture (Vantage Drilling (Malaysia) I Sdn. Bhd.)

Control by Majority. Subject to the other provisions of this Indenture and applicable lawSection 2.9 (Acts by Holders), the Holders of not less than a majority in aggregate principal amount of the outstanding Notes may direct the time, method and place of conducting any proceeding for any remedy available to the Trustee or exercising any trust or power conferred on itthe Trustee. The Subject to Section 7.1 (Duties of Trustee and Agents), however, the Trustee may refuse to follow any direction that conflicts with any law or this Indenture, Indenture or that the Trustee determines may be is unduly prejudicial to the rights of another Holder, or that may involve the Trustee in personal liability; provided provided, however, 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 Prior to taking any action or follows any direction pursuant to under this Indenture, the Trustee shall will be entitled to indemnification security and/or indemnity satisfactory to the Trustee it against any loss or loss, liability, fee and expense caused by taking or not taking such action or following such directionaction.

Appears in 8 contracts

Sources: Indenture (Central European Distribution Corp), Indenture (Central European Distribution Corp), Indenture (Latchey LTD)

Control by Majority. Subject to the other provisions of this Indenture and applicable law, the The Holders of not less than a majority in aggregate principal amount of the Notes then outstanding Notes may direct the time, method and place of conducting any proceeding for any remedy available to the Trustee with regard to the Notes or of exercising any trust or power conferred on itthe Trustee with regard to the Notes. The However, the Trustee may refuse to follow any direction that conflicts with any law or this IndentureIndenture or, subject to Section 7.1, that the Trustee determines may be is unduly prejudicial to the rights of another Holder, other Holders or that may would involve the Trustee in personal liability; provided liability provided, however, that the Trustee may take any other action deemed proper by the Trustee which that is not inconsistent with such direction. In the event the Trustee takes Prior to taking any action or follows any as a result of a direction pursuant to given under this IndentureSection, the Trustee shall will be entitled to indemnification satisfactory to the Trustee it in its sole discretion against any loss or expense all losses and expenses caused by taking such action or following such directionnot taking that action.

Appears in 8 contracts

Sources: Indenture (Lennar Corp /New/), Indenture (Lennar Corp /New/), Indenture (Lennar Corp /New/)

Control by Majority. Subject to the other provisions of this Indenture and applicable lawSection 2.10, the Holders of not less than a majority in aggregate principal amount of the outstanding Notes may may, by written notice to the Trustee, direct the time, method and place of conducting any proceeding for any remedy available to the Trustee or exercising any trust or power conferred on it. The Subject to Section 7.1, however, the Trustee may refuse to follow any direction that conflicts with any law or this Indenture, Indenture or that the Trustee determines may be is unduly prejudicial to the rights of another HolderHolder of Notes, or that may involve the Trustee in personal liability; provided provided, however, 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 Prior to taking any action or follows any direction pursuant to under this Indenture, the Trustee shall will be entitled to indemnification satisfactory to the Trustee it in its sole discretion against any loss or expense all losses and expenses caused by taking or not taking such action or following such directionin accordance with Section 7.7.

Appears in 7 contracts

Sources: Indenture (Fresenius Medical Care AG & Co. KGaA), Indenture (Fresenius Medical Care AG & Co. KGaA), Indenture (Fresenius Medical Care AG & Co. KGaA)

Control by Majority. Subject to the other provisions of this Indenture and applicable law, the (a) The Holders of not less than at least a majority in aggregate principal amount of the then outstanding Notes may 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 it. The Subject 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 another Holder, or that may involve the Trustee in personal liability; provided provided, however, that the Trustee may take any other action deemed proper by the Trustee which is not inconsistent with such direction. . (b) In the event the Trustee takes any action or follows any direction pursuant to this Indenture, the Trustee shall be entitled to indemnification satisfactory to the Trustee against any loss or expense caused by taking such action or following such direction.

Appears in 7 contracts

Sources: Supplemental Indenture (Alere Inc.), Sixteenth Supplemental Indenture (Alere Inc.), Fifteenth Supplemental Indenture (Alere Inc.)

Control by Majority. Subject to the other provisions of this Indenture and applicable law, the The Holders of not less than a majority in aggregate principal amount of the outstanding Notes may direct the time, method and place of conducting any proceeding for any remedy available to the Trustee or exercising any trust or power conferred on it. The Subject to Section 8.01, 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 another Holder (it being understood that the Trustee has no duty to determine if any directed action is prejudicial to any Holder), or that may involve the Trustee in personal liability; 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 satisfactory to the Trustee it against any loss or expense caused by taking such action or following such direction.

Appears in 6 contracts

Sources: Indenture (JBS USA FOOD Co HOLDINGS), Indenture (JBS USA FOOD Co HOLDINGS), Indenture (JBS USA FOOD Co HOLDINGS)

Control by Majority. Subject to the other provisions of this Indenture and applicable law, the The Holders of not less than a majority in aggregate principal amount of the outstanding Notes Securities may direct the time, method and place of conducting any proceeding for any remedy available to the Trustee or of exercising any trust or power conferred on itthe Trustee. The However, the Trustee may refuse to follow any direction that conflicts with any law or this Indenture, the Securities or the Subsidiary Guarantees or, subject to Sections 7.1 and 7.2, that the Trustee determines may be is unduly prejudicial to the rights of another Holder, other Securityholders or that may would involve the Trustee in personal liability; provided provided, however, that the Trustee may take any other action deemed proper by the Trustee which that is not inconsistent with such direction. In the event the Trustee takes Prior to taking any such action or follows any direction pursuant to this Indenturehereunder, the Trustee shall be entitled to indemnification or security reasonably satisfactory to the Trustee it in its sole discretion against any loss or expense all losses and expenses caused by taking or not taking such action or following such directionaction.

Appears in 5 contracts

Sources: Indenture (ANTERO RESOURCES Corp), Indenture (Antero Resources LLC), Indenture (Antero Resources LLC)

Control by Majority. Subject to the other provisions of this Indenture and applicable law, the The Holders of not less than a majority in aggregate principal amount of the outstanding Notes Securities may direct the time, method and place of conducting any proceeding for any remedy available to the Trustee or exercising any trust or power conferred on it. The Subject 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 another HolderSecurityholder, or that may involve the Trustee in personal liability; 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 Prior to taking any action or follows following any direction pursuant to this IndentureSection 6.05, the Trustee shall be entitled to indemnification from such Holders satisfactory to the Trustee it in its sole discretion against any loss fees, loss, liability, cost or expense caused by taking such action or following such direction.

Appears in 5 contracts

Sources: Indenture (Tenneco Inc), Indenture (Tenneco Inc), Indenture (Tenneco Inc)

Control by Majority. Subject to the other provisions of this Indenture and applicable law, the The Holders of not less than a majority in aggregate principal amount of the outstanding Notes may shall have the right to direct the time, method and place of conducting any proceeding proceedings for any remedy available to the Trustee or exercising any trust or power conferred on itTrustee. The However, the Trustee may refuse to follow any direction that conflicts with any law or this IndentureIndenture or, subject to Section 7.01, that the Trustee determines may be is unduly prejudicial to the rights of another Holder, other Holders or that may would involve the Trustee in personal liabilityliability or expense for which the Trustee has not received adequate indemnity as determined by it in good faith; provided provided, however, that the Trustee may take any other action deemed proper by the Trustee which that is not inconsistent with such direction. In the event the Trustee takes Prior to taking any action or follows any direction pursuant to this Indenturehereunder, the Trustee shall be entitled to indemnification indemnity or security reasonably satisfactory to the Trustee it in its sole discretion against any loss or expense all losses, liabilities, and expenses caused by taking or not taking such action or following such directionaction.

Appears in 5 contracts

Sources: Indenture (Jarden Corp), Indenture (Spansion Inc.), Indenture (Jarden Corp)

Control by Majority. Subject to the other provisions of this Indenture and applicable lawSection 2.10, the Holders of not less than a majority in aggregate principal amount of the outstanding Notes may may, by written notice to the Trustee, direct the time, method and place of conducting any proceeding for any remedy available to the Trustee or exercising any trust or power conferred on it. The Subject to Section 7.1, however, the Trustee may refuse to follow any direction that conflicts with any applicable law or this Indenture, Indenture or that the Trustee determines may be is unduly prejudicial to the rights of another HolderHolder of Notes, or that may would involve the Trustee in personal liabilityliability or expense; provided provided, however, 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 Prior to taking any action or follows any direction pursuant to under this Indenture, the Trustee shall will be entitled to indemnification reasonably satisfactory to the Trustee it against any loss or expense all losses, liabilities and expenses caused by taking or not taking such action or following such directionaction.

Appears in 4 contracts

Sources: Mezzanine Indenture (Waterford Wedgwood PLC), Senior Subordinated Indenture (Valentia Telecommunications), Senior Indenture (Valentia Telecommunications)

Control by Majority. Subject to the other provisions of this Indenture and applicable law, the The Holders of not less than a majority in aggregate principal amount of the outstanding Notes Securities may direct the time, method and place of conducting any proceeding for any remedy available to the Trustee or of exercising any trust or power conferred on itthe Trustee. The However, the Trustee may refuse to follow any direction that conflicts with any law or this Indenture, the Securities or the Subsidiary Guarantees or, subject to Sections 7.1 and 7.2, that the Trustee determines may be is unduly prejudicial to the rights of another Holder, other Holders or that may would involve the Trustee in personal liability; provided provided, however, that the Trustee may take any other action deemed proper by the Trustee which that is not inconsistent with such direction. In the event the Trustee takes Prior to taking any such action or follows any direction pursuant to this Indenturehereunder, the Trustee shall be entitled to indemnification or security satisfactory to the Trustee it against any loss or expense all losses and expenses caused by taking or not taking such action or following such directionaction.

Appears in 4 contracts

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

Control by Majority. Subject to the other provisions of this Indenture and applicable lawSection 2.09, the Holders of not less than a majority in aggregate principal amount of the outstanding Notes Securities may direct the time, method and place of conducting any proceeding for any remedy available to the Trustee or exercising any trust or power conferred on it. The Subject 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 another HolderSecurity holder, or that may involve the Trustee in personal liability; 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 IndentureIndenture or any Security Document, the Trustee shall be entitled to indemnification satisfactory to the Trustee it in its sole discretion against any loss or expense caused by taking such action or following such direction.

Appears in 4 contracts

Sources: Indenture (Packaged Ice Inc), Indenture (Packaged Ice Inc), Indenture (Packaged Ice Inc)

Control by Majority. Subject to the other provisions terms of this Indenture and applicable lawthe Security Documents, the Holders of not less than a majority in aggregate principal amount of the Securities then outstanding Notes may direct the time, method and place of conducting any proceeding for any remedy available to the Trustee or of exercising any trust or power conferred on itthe Trustee. The However, the Trustee may refuse to follow any direction that conflicts with any law or this IndentureIndenture or, subject to Section 7.01, that the Trustee determines may be is unduly prejudicial to the rights of another Holder, any other Holder or that may would involve the Trustee in personal liability; provided provided, however, that the Trustee may take any other action deemed proper by the Trustee which that is not inconsistent with such direction. In the event the Trustee takes Prior to taking any action or follows any direction pursuant to under this Indenture, the Trustee shall be entitled to indemnification satisfactory to the Trustee it in its sole discretion against any loss or expense all losses and expenses caused by taking or not taking such action or following such directionaction.

Appears in 3 contracts

Sources: Indenture (TPC Group Inc.), Indenture (Remington Arms Co Inc/), Indenture (Freedom Group, Inc.)

Control by Majority. Subject to the other provisions of this Indenture and applicable law, the Holders of not less than a majority in aggregate principal amount of the outstanding Notes may direct the time, method and place of conducting any proceeding for any remedy available to the Trustee or exercising any trust or power conferred on it. The Subject to Section 7.02, 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 another Holder, or that may involve the Trustee in personal liability; provided 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 satisfactory to the Trustee against any loss or expense caused by taking such action or following such direction.

Appears in 3 contracts

Sources: Indenture (Sensata Technologies B.V.), Indenture (Sensata Technologies Holland, B.V.), Indenture (Sensata Technologies Holland, B.V.)

Control by Majority. Subject to the other provisions of this Indenture and applicable law, the Holders of not less than a majority in aggregate principal amount of the outstanding Notes may direct the time, method and place of conducting any proceeding for any remedy available to the Trustee or exercising any trust or power conferred on it. 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 another Holder, or that may involve the Trustee in personal liability; provided 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 satisfactory to the Trustee against any loss or expense caused by taking such action or following such direction.

Appears in 3 contracts

Sources: Indenture (Sensata Technologies Holding PLC), Indenture (Sensata Technologies Holding N.V.), Indenture (Sensata Technologies B.V.)

Control by Majority. Subject to the other provisions of this Indenture and applicable law, the Holders of not less than a majority in aggregate principal amount of the outstanding Notes may direct the time, method and place of conducting any proceeding for any remedy available to the Trustee or exercising any trust or power conferred on it. 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 another Holder, or that may involve the Trustee in personal liability; provided 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 satisfactory to the Trustee against any loss or expense caused by taking such action or following such direction.

Appears in 3 contracts

Sources: Indenture (Sensata Technologies Holding PLC), Indenture (Sensata Technologies Holding PLC), Indenture (Sensata Technologies Holding N.V.)

Control by Majority. Subject to the other provisions of this Indenture and applicable lawSection 2.10, the Holders of not less than a majority in aggregate principal amount of the outstanding Notes may Notes, may, by written notice to the Trustee, direct the time, method and place of conducting any proceeding for any remedy available to the Trustee or exercising any trust or power conferred on it. The Subject to Section 7.1, however, the Trustee may refuse to follow any direction that conflicts with any law or this Indenture, Indenture or that the Trustee determines may be is unduly prejudicial to the rights of another HolderHolder of such Notes, or that may involve the Trustee in personal liability; provided provided, however, 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 Prior to taking any action or follows any direction pursuant to under this Indenture, the Trustee shall will be entitled to indemnification satisfactory to the Trustee it in its sole discretion against any loss or expense all losses and expenses caused by taking or not taking such action or following such directionin accordance with Section 7.7.

Appears in 3 contracts

Sources: Indenture (Fresenius Medical Care AG & Co. KGaA), Indenture (Fresenius Medical Care AG & Co. KGaA), Indenture (Fresenius Medical Care AG & Co. KGaA)

Control by Majority. Subject to the other provisions of this Indenture and applicable law, the 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 of exercising any trust or power conferred on itthe Trustee. The Trustee However, the Trustee, as the case may be, may refuse to follow any direction that conflicts with any law or this Indenture, the Notes, or, subject to Sections 7.1 and 7.2, that the Trustee determines may be is unduly prejudicial to the rights of another Holder, other Holders or that may would involve the Trustee in personal liability; provided provided, however, that the Trustee may take any other action deemed proper by the Trustee which that is not inconsistent with such direction. In the event the Trustee takes Prior to taking any action or follows any direction pursuant to under this Indenture, the Trustee shall be entitled to indemnification indemnity, security and/or prefunding satisfactory to the Trustee it in its sole discretion against any loss or expense all losses, liabilities and expenses caused by taking or not taking such action or following such directionaction.

Appears in 3 contracts

Sources: Indenture (Palomar Holdings, Inc.), Indenture (Heritage Insurance Holdings, Inc.), Indenture (United Insurance Holdings Corp.)

Control by Majority. Subject to the other provisions terms of this Indenture and applicable lawthe Security Documents, the Holders of not less than a majority in aggregate principal amount of the outstanding Notes Securities may direct the time, method and place of conducting any proceeding for any remedy available to the Trustee or exercising any trust or power conferred on it. The Subject 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 another HolderSecurityholder, or that may involve may, in the sole judgment of the Trustee, give rise to or subject the Trustee in to personal liability; provided that the Trustee may take any other action deemed proper by the Trustee which is not inconsistent with such directionTrustee. In the event the Trustee takes any action or follows any direction pursuant to this Indenture, the Trustee shall be entitled to indemnification satisfactory to the Trustee it in its sole discretion against any loss or expense caused by taking such action or following such direction.

Appears in 3 contracts

Sources: Indenture (Scientific Games Corp), Indenture (Scientific Games Corp), Indenture (Scientific Games Corp)

Control by Majority. Subject to the other provisions of this Indenture and applicable law, the The Holders of not less than a majority in aggregate principal amount of the outstanding Notes may direct the time, method and place of conducting any proceeding for any remedy available to the Trustee or of exercising any trust or power conferred on itthe Trustee. The However, the Trustee may refuse to follow any direction that conflicts with any law or this IndentureIndenture or, subject to Section 7.1, that the Trustee determines may be is unduly prejudicial to the rights of another Holder, other Holders or that may would involve the Trustee in personal liabilityliability or expense for which the Trustee has not received a satisfactory indemnity therefore; provided PROVIDED, HOWEVER, that the Trustee may take any other action deemed proper by the Trustee which that is not inconsistent with such direction. In the event the Trustee takes Prior to taking any action or follows any direction pursuant to this Indenturehereunder, the Trustee shall be entitled to reasonable indemnification satisfactory to the Trustee it in its sole discretion against any loss or expense all losses and expenses caused by taking or not taking such action or following such directionaction.

Appears in 3 contracts

Sources: Indenture (Planet Hollywood International Inc), Indenture (Planet Hollywood International Inc), Indenture (Planet Hollywood International Inc)

Control by Majority. Subject to the other provisions of this Indenture and applicable lawSection 2.9, the Holders of not less than a majority in aggregate principal amount of the all outstanding Notes series of Securities, voting as a single class, may direct the time, method and place of conducting any proceeding for any remedy available to the Trustee or of exercising any trust or power conferred on itthe Trustee. The However, the Trustee may refuse to follow any direction that conflicts with any law or this IndentureIndenture or, subject to Section 7.1, that the Trustee determines may be is unduly prejudicial to the rights of another Holder, other Securityholders or that may would involve the Trustee in personal liability; provided provided, however, that the Trustee may take any other action deemed proper by the Trustee which that is not inconsistent with such direction. In the event the Trustee takes Prior to taking any action or follows any direction pursuant to this Indenturehereunder, the Trustee shall be entitled to indemnification satisfactory to the Trustee it in its sole discretion against any loss or expense all losses and expenses caused by taking or not taking such action or following such directionaction.

Appears in 2 contracts

Sources: Indenture (Comforce Corp), Indenture (Comforce Corp)

Control by Majority. Subject to the other provisions of this Indenture and applicable law, the The Holders of not less than a majority in aggregate principal amount of the outstanding Notes Securities may direct the time, method and place of conducting any proceeding for any remedy available to the Trustee or exercising any trust or power conferred on it. The Subject 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 another HolderSecurityholder, or that may involve the Trustee in personal liability; 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 satisfactory to the Trustee it in its sole discretion against any loss or expense caused by taking such action or following such direction.

Appears in 2 contracts

Sources: Indenture (Building One Services Corp), Indenture (Building One Services Corp)

Control by Majority. Subject to the other provisions of this Indenture and applicable lawSection 2.10, the Holders of not less than a majority in aggregate principal amount of the outstanding Notes may may, by written notice to the Trustee, direct the time, method and place of conducting any proceeding for any remedy available to the Trustee or exercising any trust or power conferred on it. The Subject to Section 7.1, however, the Trustee may refuse to follow any direction that conflicts with any law or this Indenture, Indenture or that the Trustee determines may be is unduly prejudicial to the rights of another HolderHolder of Notes, or that may would involve the Trustee in personal liabilityliability or expense; provided provided, however, 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 Prior to taking any action or follows any direction pursuant to under this Indenture, the Trustee shall will be entitled to indemnification satisfactory to the Trustee it in its sole discretion against any loss or expense all losses, liabilities and expenses caused by taking or not taking such action or following such directionaction.

Appears in 2 contracts

Sources: Euro Indenture (JSG Acquisitions I), Dollar Indenture (JSG Acquisitions I)

Control by Majority. Subject to the other provisions of this Indenture and applicable law, the The Holders of not less than a majority in aggregate principal amount of the outstanding Notes Securities may direct the time, method and place of conducting any proceeding for any remedy available to the Trustee or exercising any trust or power conferred on it. The Subject to Section 7.1, 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 another HolderSecurityholder, or that may involve the Trustee in personal liability; 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 reasonable indemnification satisfactory to the Trustee it in its sole discretion against any loss or expense caused by taking such action or following such direction.

Appears in 2 contracts

Sources: Indenture (Quality Distribution Inc), Indenture (Quality Distribution Inc)

Control by Majority. Subject to the other provisions of this Indenture and applicable law, the Holders of not less than a majority in aggregate principal amount of the outstanding Notes may direct the time, method and place of conducting any proceeding for any remedy available to the Trustee or exercising any trust or power conferred on it. The Subject 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 another HolderNoteholder, or that may involve the Trustee in personal liability; 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 satisfactory to the Trustee against any loss or expense caused by taking such action or following such direction.

Appears in 2 contracts

Sources: Indenture (Dollarama CORP), Indenture (LCE AcquisitionSub, Inc.)

Control by Majority. Subject to the other provisions of this Indenture and applicable law, the The Holders of not less than a majority in aggregate principal amount of the outstanding Notes Securities may direct the time, method and place of conducting any proceeding for any remedy available to the Trustee or exercising any trust or power conferred on it. The Subject 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 another HolderSecurityholder, or that may involve may, in the sole judgment of the Trustee, give rise to or subject the Trustee in to personal liability; liability; provided that the Trustee may take any other action deemed proper by the Trustee which is not inconsistent with such directionTrustee. In the event the Trustee takes any action or follows any direction pursuant to this Indenture, the Trustee shall be entitled to indemnification satisfactory to the Trustee it in its sole discretion against any loss or expense caused by taking such action or following such direction.

Appears in 2 contracts

Sources: Indenture, Indenture

Control by Majority. Subject to the other provisions of this Indenture and applicable law, the The Holders of not less than a majority in aggregate principal amount of the Securities then outstanding Notes may direct the time, method and place of conducting any proceeding for any remedy available to the Trustee or of exercising any trust or power conferred on itthe Trustee with respect to the Securities. The However, the Trustee may refuse to follow any direction that conflicts with any applicable law or this IndentureIndenture or, subject to Sections 7.1 and 7.2, that the Trustee determines may be is unduly prejudicial to the rights of another Holder, other Securityholders or that may would involve the Trustee in personal liability; provided provided, however, that the Trustee may take any other action deemed proper by the Trustee which that is not inconsistent with such direction. In the event the Trustee takes Prior to taking any action or follows any direction pursuant to this Indenturehereunder, the Trustee shall be entitled to indemnification satisfactory to the Trustee it in its sole discretion against any loss or expense all losses and expenses caused by taking or not taking such action or following such directionaction.

Appears in 2 contracts

Sources: Indenture (Interstate Bakeries Corp/De/), Indenture (Interstate Bakeries Corp/De/)

Control by Majority. Subject to the other provisions of this Indenture and applicable law, the The Holders of not less than 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. The However, the Trustee may refuse to follow any direction that conflicts with any law or this Indenture, the Securities or the Subsidiary Guarantees, or, subject to Sections 7.1 and 7.2, that the Trustee determines may be is unduly prejudicial to the rights of another Holder, other Holders or that may would involve the Trustee in personal liability; provided provided, however, that the Trustee may take any other action deemed proper by the Trustee which that is not inconsistent with such direction. In the event the Trustee takes Prior to taking any action or follows any direction pursuant to under this Indenture, the Trustee shall be entitled to indemnification satisfactory to the Trustee it in its sole discretion against any loss or expense all losses and expenses that might be caused by taking or not taking such action or following such directionaction.

Appears in 2 contracts

Sources: Indenture (Pico Holdings Inc /New), Indenture (UCP, Inc.)

Control by Majority. Subject to the other provisions of this Indenture and applicable law, the The Holders of not less than a majority in aggregate principal amount of the 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. The However, the Trustee may refuse to follow any direction that conflicts with any law or this Indenture, the Securities or the Subsidiary Guarantees or, subject to Section 7.01, that the Trustee determines may be is unduly prejudicial to the rights of another Holder, other Holders or that may would involve the Trustee in personal liability; provided provided, however, that the Trustee may take any other action deemed proper by the Trustee which that is not inconsistent with such direction. In the event the Trustee takes Prior to taking any action or follows any direction pursuant to this Indenturehereunder, the Trustee shall be entitled to indemnification reasonably satisfactory to the Trustee it in its sole discretion against any loss or expense all losses and expenses caused by taking or not taking such action or following such directionaction.

Appears in 2 contracts

Sources: Indenture (U.S. Concrete, Inc.), Indenture (Us Concrete Inc)

Control by Majority. Subject to the other provisions of this Indenture and applicable law, the The Holders of not less than a majority in aggregate principal amount of the outstanding Notes Securities may direct the time, method and place of conducting any proceeding for any remedy available to the Trustee or exercising any trust or power conferred on it. The Subject 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 another HolderSecurityholder, or that may involve the Trustee in personal liability; 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 satisfactory to the Trustee it in its sole dis- cretion against any loss or expense caused by taking such action or following such direction.

Appears in 2 contracts

Sources: Indenture (Pacer Express Inc), Indenture (Alliance Imaging of Central Georgia Inc)

Control by Majority. Subject to the other provisions of this Indenture and applicable law, the The Holders of not less than a majority in aggregate principal amount of the outstanding Notes Securities may direct the time, method and place of conducting any proceeding for any remedy available to the Trustee or of exercising any trust or power conferred on itthe Trustee with respect to the Securities. The However, the Trustee may refuse to follow any direction that conflicts with any law or this IndentureIndenture or, subject to Section 7.01, that the Trustee determines may be is unduly prejudicial to the rights of another Holder, other Securityholders or that may would involve the Trustee in personal liability; provided PROVIDED, HOWEVER, that the Trustee may take any other action deemed proper by the Trustee which that is not inconsistent with such direction. In the event the Trustee takes Prior to taking any action or follows any direction pursuant to this Indenturehereunder, the Trustee shall be entitled to indemnification satisfactory to the Trustee reasonable indemnity against any loss or expense all losses and expenses caused by taking or not taking such action or following such directionaction.

Appears in 2 contracts

Sources: Indenture (Canadian Forest Oil LTD), Indenture (Forest Oil Corp)

Control by Majority. Subject to the other provisions of this Indenture and applicable law, the The Holders of not less than a majority in aggregate principal amount of the outstanding Notes may direct the time, method and place of conducting any proceeding for any remedy available to the Trustee or of exercising any trust or power conferred on itthe Trustee. The However, the Trustee may refuse to follow any direction that conflicts with any law or this IndentureIndenture or, subject to Section 7.1, that the Trustee determines may be is unduly prejudicial to the rights of another Holder, any other Holder (it being understood that the Trustee shall have no duty to make such determination) or that may would involve the Trustee in personal liability; provided provided, however, that the Trustee may take any other action deemed proper by the Trustee which that is not inconsistent with such direction. In the event the Trustee takes Prior to taking any action or follows any direction pursuant to this Indenturehereunder, the Trustee shall be entitled to indemnification from the Holders satisfactory to the Trustee it in its sole discretion against any loss or expense all losses and expenses caused by taking or not taking such action or following such directionaction.

Appears in 2 contracts

Sources: Indenture (Terra Industries Inc), Indenture (Terra Capital Inc)

Control by Majority. Subject to the other provisions of this Indenture and applicable law, the Holders of not less than a majority in aggregate principal amount of the outstanding Notes may direct the time, method and place of conducting any proceeding for any remedy available to the Trustee or exercising any trust or power conferred on it. The Subject 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 another Holder, or that may involve the Trustee in personal liability; 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 satisfactory to the Trustee against any loss or expense caused by taking such action or following such direction.

Appears in 2 contracts

Sources: Indenture (Warner Chilcott PLC), Indenture (Warner Chilcott CORP)

Control by Majority. Subject to the other provisions of this Indenture and applicable law, the The Holders of not less than a majority in aggregate principal amount at maturity of the outstanding Notes Securities may direct the time, method and place of conducting any proceeding for any remedy available to the Trustee or exercising any trust or power conferred on it. The Subject 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 another HolderSecurityholder, or that may involve the Trustee in personal liability; provided 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 satisfactory to the Trustee it in its sole dis- cretion against any loss or expense caused by taking such action or following such direction.

Appears in 2 contracts

Sources: Indenture (Acme Intermediate Holdings LLC), Indenture (Acme Television LLC)

Control by Majority. Subject to the other provisions of this Indenture and applicable law, the (a) Holders of not less than a majority in aggregate principal amount of the outstanding Notes Securities may direct the time, method and place of conducting any proceeding for any remedy available to the Trustee or exercising any trust or power conferred on itthe Trustee. The Subject to Section 6.01, 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 another any other Holder, or that may involve the Trustee in personal liability; provided that the Trustee may take any other action deemed proper by the Trustee which is not inconsistent with such direction. . (b) In the event the Trustee takes any action or follows any direction pursuant to this Indenture, the Trustee shall be entitled to indemnification or security satisfactory to the Trustee it in its sole discretion against any loss or expense caused by taking or not taking such action or following such direction.

Appears in 2 contracts

Sources: Indenture, Indenture

Control by Majority. Subject to the other provisions of this Indenture and applicable law, the The Holders of not less than a majority in aggregate principal amount of the Securities then outstanding Notes may direct the time, method and place of conducting any proceeding for any remedy available to the Trustee or of exercising any trust or power conferred on itthe Trustee with respect to the Securities. The However, the Trustee may refuse to follow any direction that conflicts with any law or this IndentureIndenture or, subject to Section 7.01, that the Trustee determines may be is unduly prejudicial to the rights of another Holder, other Holders or that may would involve the Trustee in personal liability; provided provided, however, that the Trustee may take any other action deemed proper by the Trustee which that is not inconsistent with such direction. In the event the Trustee takes Prior to taking any action or follows following any direction pursuant to this Indenturehereunder, the Trustee shall be entitled to indemnification reasonably satisfactory to the Trustee it against any loss or expense all losses and expenses caused by taking or not taking such action or following such directionaction.

Appears in 2 contracts

Sources: Indenture (Rite Aid Corp), Indenture (Rite Aid Corp)

Control by Majority. Subject to the other provisions of this Indenture and applicable law, the The Holders of not less than 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. The However, the Trustee may refuse to follow any direction that conflicts with any law or this Indenture, the Securities or the Subsidiary Guarantees, or, subject to Sections 7.1 and 7.2, that the Trustee determines may be is unduly prejudicial to the rights of another Holder, other Holders or that may would involve the Trustee in personal liability; provided provided, however, that the Trustee may take any other action deemed proper by the Trustee which that is not inconsistent with such direction. In the event the Trustee takes Prior to taking any action or follows any direction pursuant to under this Indenture, the Trustee shall be entitled to indemnification satisfactory to the Trustee it in its sole discretion against any loss or expense all losses, liabilities and expenses that might be caused by taking or not taking such action or following such directionaction.

Appears in 2 contracts

Sources: Indenture, Indenture (Brunswick Corp)

Control by Majority. Subject to the other provisions of this Indenture and applicable law, the The Holders of not less than a majority in aggregate principal amount of the outstanding Notes Securities may direct the time, method and place of conducting any proceeding for any remedy available to the Trustee or exercising any trust or power conferred on it. The Subject 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 another HolderSecurityholder, or that may involve the Trustee in personal liability; provided 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 satisfactory to the Trustee it in its sole discretion against any loss or expense caused by taking such action or following such direction.

Appears in 2 contracts

Sources: Indenture (Avado Brands Inc), Indenture (Fibermark Office Products LLC)

Control by Majority. Subject to the other provisions of this Indenture and applicable law, the The Holders of not less than a majority in aggregate principal amount of the outstanding Notes Outstanding Securities of each series may direct the time, method and place of conducting any proceeding for any remedy available to the Trustee or exercising any trust or power conferred on itit with respect to such series. The Subject 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 another HolderSecurity Holder of the Securities of such series, or that may involve result in the Trustee in personal liabilityincurrence of liability by the Trustee; 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 satisfactory to the Trustee against any loss or expense caused by taking such action or following such direction.

Appears in 2 contracts

Sources: Senior Indenture (Total Waste Management Corp.), Subordinated Indenture (Total Waste Management Corp.)

Control by Majority. Subject to the other provisions of this Indenture and applicable law, the The Holders of not less than a majority in aggregate principal amount of all the then outstanding Notes may direct in writing the time, method and place of conducting any proceeding for any remedy available to the Trustee or exercising any trust or power conferred on itit not relating to or arising under such an Event of Default. The However, the Trustee may refuse to follow any direction that conflicts with any applicable law or this Indenture, that the Trustee determines may be unduly prejudicial to the rights of another Holderother Holders, or that may involve the Trustee in personal liability; provided provided, however, that the Trustee may take any other action deemed proper by the Trustee which that is not inconsistent with such direction. In the event the Trustee takes Prior to taking any action or follows any direction pursuant to this Indenturehereunder, the Trustee shall be entitled to security or indemnification satisfactory to it in its sole discretion from Holders directing the Trustee against any loss or expense all losses and expenses caused by taking or not taking such action or following such directionaction.

Appears in 2 contracts

Sources: Indenture (Dream Finders Homes, Inc.), Indenture (Dream Finders Homes, Inc.)

Control by Majority. Subject to the other provisions of this Indenture and applicable law, the The Holders of not less than a majority in aggregate principal amount of the outstanding Notes may direct the time, method and place of conducting any proceeding for any remedy available to the Trustee or exercising any trust or power conferred on it. The Subject to Section 7.01, however, the Trustee may refuse to follow any direction that conflicts with any law or this Indenture, any Security Document or, if applicable, the Intercreditor Agreement, that the Trustee determines may be unduly prejudicial to the rights of another Holder, or that may involve the Trustee in personal liability; 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 satisfactory to the Trustee against any loss or expense caused by taking such action or following such direction.

Appears in 2 contracts

Sources: Indenture (Westmoreland Energy LLC), Indenture (WESTMORELAND COAL Co)

Control by Majority. Subject to the other provisions of this Indenture and applicable law, the The Holders of not less than a majority in aggregate principal amount of the Securities then outstanding Notes may direct the time, method and place of conducting any proceeding for any remedy available to the Trustee or of exercising any trust or power conferred on itthe Trustee. The However, the Trustee may refuse to follow any direction that conflicts with any law or this IndentureIndenture or, subject to Section 7.1, that the Trustee determines may be is unduly prejudicial to the rights of another Holder, other Securityholders or that may would involve the Trustee in personal liability; provided PROVIDED, HOWEVER, that the Trustee may take any other action deemed proper by the Trustee which that is not inconsistent with such direction. In the event the Trustee takes Prior to taking any action or follows any direction pursuant to this Indenturehereunder, the Trustee shall be entitled to indemnification from the Securityholders satisfactory to the Trustee it in its sole discretion against any loss or expense all losses and expenses caused by taking or not taking such action or following such directionaction.

Appears in 2 contracts

Sources: Indenture (General Automation Inc/Il), Indenture (Bekins Co /New/)

Control by Majority. Subject to the other provisions of this Indenture and applicable law, the The Holders of not less than a majority in aggregate principal amount of the outstanding Notes Securities may direct the time, method and place of conducting any proceeding for any remedy available to the Trustee or exercising any trust or power conferred on it. The Subject 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 another HolderSecurityholder, or that may involve may, in the sole judgment of the Trustee, give rise to or subject the Trustee in to personal liability; provided that the Trustee may take -------- any other action deemed proper by the Trustee which is not inconsistent with such directionTrustee. In the event the Trustee takes any action or follows any direction pursuant to this Indenture, the Trustee shall be entitled to indemnification satisfactory to the Trustee it in its sole discretion against any loss or expense caused by taking such action or following such direction.

Appears in 1 contract

Sources: Indenture (Leslies Poolmart Inc)

Control by Majority. Subject to the other provisions of this Indenture and applicable law, the The Holders of not less than a majority in aggregate principal amount of the outstanding Notes may direct the time, method and place of conducting any proceeding for any remedy available to the Trustee or exercising any trust or power conferred on it. The Subject 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 another Holder, or that may involve the Trustee in personal liability; provided 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 satisfactory to the Trustee against any loss or expense caused by taking such action or following such direction.

Appears in 1 contract

Sources: Indenture (Ply Gem Industries Inc)

Control by Majority. Subject to the other provisions of this Indenture and applicable law, the The Holders of not less than a majority in aggregate principal amount of the outstanding Notes Securities may direct the time, method and place of conducting any proceeding for any remedy available to the Trustee or of exercising any trust or power conferred on itthe Trustee. The However, the Trustee may refuse to follow any direction that conflicts with any law or this IndentureIndenture or, subject to Section 7.1, that the Trustee determines may be is unduly prejudicial to the rights of another Holder, any other Holder (it being understood that the Trustee shall have no duty to make such determination) or that may would involve the Trustee in personal liability; provided provided, however, that the Trustee may take any other action deemed proper by the Trustee which that is not inconsistent with such direction. In the event the Trustee takes Prior to taking any action or follows any direction pursuant to this Indenturehereunder, the Trustee shall be entitled to indemnification from the Holders satisfactory to the Trustee it in its sole discretion against any loss or expense all losses and expenses caused by taking or not taking such action or following such directionaction.

Appears in 1 contract

Sources: Indenture (Bucyrus International Inc)

Control by Majority. Subject to the other provisions of this Indenture and applicable law, the The Holders of not less than a majority in aggregate principal amount of the outstanding Notes may direct the time, method and place of conducting any proceeding for any remedy available to the Trustee or of exercising any trust or power conferred on itthe Trustee. The However, the Trustee may refuse to follow any direction that conflicts with any law or this IndentureIndenture or, subject to Section 7.1, that the Trustee determines may be is unduly prejudicial to the rights of another Holder, any other Holder (it being understood that the Trustee shall have no duty to make such determination) or that may would involve the Trustee in personal liability; provided provided, however, that the Trustee may take any other action deemed proper by the Trustee which that is not inconsistent with such direction. In the event the Trustee takes Prior to taking any action or follows any direction pursuant to this Indenturehereunder, the Trustee shall be entitled to reasonable indemnification from the Holders satisfactory to the Trustee it in its sole discretion against any loss or expense all losses and expenses caused by taking or not taking such action or following such directionaction.

Appears in 1 contract

Sources: Indenture (Terra Investment Fund LLC)

Control by Majority. Subject to the other provisions of this Indenture and applicable law, the The Holders of not less than a majority in aggregate principal amount of the outstanding Notes Outstanding Debt Securities of a series may direct the time, method and place of conducting any proceeding for any remedy available to the Trustee or of exercising any trust or power conferred on itthe Trustee with respect to the Debt Securities of such series. The However, the Trustee may refuse to follow any direction that conflicts with any law or this IndentureIndenture or, subject to Section 7.01, that the Trustee determines may be is unduly prejudicial to the rights of another Holder, other Debt Securityholders or that may would involve the Trustee in personal liability; provided provided, however, that the Trustee may take any other action deemed proper by the Trustee which that is not inconsistent with such direction. In the event the Trustee takes Prior to taking any action or follows any direction pursuant to this Indenturehereunder, the Trustee shall be entitled to indemnification satisfactory to the Trustee it in its sole discretion against any loss or expense all losses, liability and expenses caused by taking or not taking such action or following such directionaction.

Appears in 1 contract

Sources: Indenture (Methanex Corp)

Control by Majority. Subject to the other provisions of this Indenture and applicable law, the The Holders of not less than a majority in aggregate principal amount of the outstanding Notes may direct the time, method and place of conducting any proceeding for any remedy available to the Trustee or of exercising any trust or power conferred on itthe Trustee. The However, the Trustee may refuse to follow any direction that conflicts with any law or this IndentureIndenture or, subject to Section 7.1, that the Trustee determines may be is unduly prejudicial to the rights of another Holder, other Holders or that may would involve the Trustee in personal liabilityliability or expense for which the Trustee has not received a satisfactory indemnity therefore; provided provided, however, that the Trustee may take any other action deemed proper by the Trustee which that is not inconsistent with such direction. In the event the Trustee takes Prior to taking any action or follows any direction pursuant to this Indenturehereunder, the Trustee shall be entitled to reasonable indemnification satisfactory to the Trustee it in its sole discretion against any loss or expense all losses, fees and expenses caused by taking or not taking such action or following such directionaction.

Appears in 1 contract

Sources: Indenture (Planet Hollywood International Inc)

Control by Majority. Subject to the other provisions of this Indenture and applicable law, the 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 itthe Trustee. The Subject 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 in good faith may be unduly prejudicial to the rights of another Holder, or that may involve the Trustee in personal liability; 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 satisfactory to the Trustee it against any loss or expense caused that may be incurred by it by taking such action or following such direction.

Appears in 1 contract

Sources: Indenture (Global Ship Lease, Inc.)

Control by Majority. Subject to the other provisions of this Indenture and applicable law, the Holders of not less than a majority in aggregate principal amount of the outstanding Notes may direct the time, method and place of conducting any proceeding for any remedy available to the Trustee or exercising any trust or power conferred on it. The Subject 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 another Holder, or that may involve the Trustee in personal liability; provided provided, however, 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 satisfactory to the Trustee against any loss or expense caused by taking such action or following such direction.

Appears in 1 contract

Sources: Indenture (PQ Systems INC)

Control by Majority. Subject to the other provisions of this Indenture and applicable law, the The Holders of not less than a majority in ------------------- aggregate principal amount of the outstanding then Outstanding Notes may direct the time, method and place of conducting any proceeding for any remedy available to the Trustee or of exercising any trust or power conferred on itthe Trustee. The Subject to Sections 7.1 and 7.2, however, the Trustee may refuse to follow any direction ------------ --- that conflicts with any law or this Indenture, that the Trustee determines may be is unduly prejudicial to the rights of another Holder, other Noteholders or that may involve the Trustee in personal liability; provided provided, however, that the Trustee may take any other action deemed proper by the Trustee which that 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 reasonably satisfactory to the Trustee it in its sole discretion against any loss or expense caused by taking such action or following such direction.

Appears in 1 contract

Sources: Indenture (Global Imaging Systems Inc)

Control by Majority. Subject to the other provisions of this Indenture and applicable law, the The Holders of not less than a majority in aggregate principal amount at maturity of the outstanding Notes may are given the right to direct the time, method and place of conducting any proceeding for any remedy available to the Trustee or of exercising any trust or power conferred on itthe Trustee. The However, the Trustee may refuse to follow any direction that conflicts with any law or this IndentureIndenture or, subject to Section 7.01, that the Trustee determines may be is unduly prejudicial to the rights of another Holder, other Noteholders or that may would involve the Trustee in personal liability; provided PROVIDED, HOWEVER, that the Trustee may take any other action deemed proper by the Trustee which that is not inconsistent with such direction. In the event the Trustee takes Prior to taking any action or follows any direction pursuant to this Indenturehereunder, the Trustee shall be entitled to indemnification satisfactory to the Trustee it in its sole discretion against any loss or expense all losses and expenses caused by taking or not taking such action or following such directionaction.

Appears in 1 contract

Sources: Indenture (Tabletop Holdings Inc)

Control by Majority. Subject to the other provisions of this Indenture and applicable law, the The Holders of not less than a majority in aggregate principal amount of the outstanding Notes Securities may direct the time, method and place of conducting any proceeding for any remedy available to the Trustee or of exercising any trust or power conferred on itthe Trustee. The However, the Trustee may refuse to follow any direction that conflicts with any law or this Indenture, the Securities, the Guaranty or the Security Documents or, subject to Section 6.1 and Section 6.2, that the Trustee determines may be is unduly prejudicial to the rights of another Holder, other Holders or that may would involve the Trustee in personal liability; provided provided, however, that the Trustee may take any other action deemed proper by the Trustee which that is not inconsistent with such direction. In the event the Trustee takes Prior to taking any such action or follows any direction pursuant to this Indenturehereunder, the Trustee shall be entitled to indemnification reasonably satisfactory to the Trustee it in its sole discretion against any loss or expense all losses and expenses caused by taking or not taking such action or following such directionaction.

Appears in 1 contract

Sources: Indenture (FRNK Technology Group)

Control by Majority. Subject to the other provisions of this Indenture and applicable law, the The Holders of not less than a majority in aggregate principal amount of the outstanding Notes Securities may direct the time, method and place of conducting any proceeding for any remedy available to the Trustee or exercising any trust or power conferred on it. The Subject 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 another HolderSecurityholder, or that may involve the Trustee in personal Personal liability; 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 from the Company satisfactory to the Trustee it in its sole discretion against any loss loss, liability, cost or expense caused by taking such action or following such direction.

Appears in 1 contract

Sources: Indenture (Spanish Broadcasting System Inc)

Control by Majority. Subject to the other provisions of this Indenture and applicable law, the The Holders of not less than a majority in aggregate principal amount of the outstanding Notes Securities may direct the time, method and place of conducting any proceeding for any remedy available to the Trustee or of exercising any trust or power conferred on itthe Trustee. The However, the Trustee may refuse to follow any direction that conflicts with any law or this IndentureIndenture or, subject to Section 7.01, that the Trustee determines may be is unduly prejudicial to the rights of another Holder, other Securityholders or that may would involve the Trustee in personal liability; provided PROVIDED, HOWEVER, that the Trustee may take any other action deemed proper by the Trustee which that is not inconsistent with such direction. In the event the Trustee takes Prior to taking any action or follows any direction pursuant to under this IndentureSection 6.05, the Trustee shall be entitled to indemnification from the Securityholders satisfactory to the Trustee it in its sole discretion against any loss or expense all losses and expenses caused by taking or not taking such action or following such directionaction.

Appears in 1 contract

Sources: Indenture (Enodis PLC)

Control by Majority. Subject to the other provisions of this Indenture and applicable law, the The Holders of not less than a majority in aggregate principal amount of the outstanding Notes Securities may direct the time, method and place of conducting any proceeding for any remedy available to the Trustee or exercising any trust or power conferred on it. The Subject to Section 7.01, however, the Trustee may refuse to follow any direction that conflicts with any law 114 -104- or this Indenture, that the Trustee determines may be unduly prejudicial to the rights of another HolderSecurityholder, or that may involve the Trustee in personal liability; 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 Prior to taking any action or follows following any direction pursuant to this IndentureSection 6.05, the Trustee shall be entitled to indemnification from such Holders satisfactory to the Trustee it in its sole discretion against any loss fees, loss, liability, cost or expense caused by taking such action or following such direction.

Appears in 1 contract

Sources: Indenture (Tenneco Automotive Inc)

Control by Majority. Subject to the other provisions of this Indenture and applicable law, the The Holders of not less than a majority in aggregate principal amount of the outstanding Notes Securities may direct the time, method and place of conducting any proceeding for any remedy available to the Trustee or of exercising any trust or power conferred on itthe Trustee by this Indenture. The However, the Trustee may refuse to follow any direction that conflicts with any law or this IndentureIndenture or, subject to Section 7.01, that the Trustee determines may be is unduly prejudicial to the rights of another Holder, other Securityholders or that may would involve the Trustee in personal liability; provided PROVIDED, HOWEVER, that the Trustee may take any other action deemed proper by the Trustee which that is not inconsistent with such direction. In the event the Trustee takes Prior to taking any action or follows any direction pursuant to this Indenturehereunder, the Trustee shall be entitled to indemnification satisfactory to the Trustee it in its sole discretion against any loss or expense all losses and expenses caused by taking or not taking such action or following such directionaction.

Appears in 1 contract

Sources: Indenture (Werner Holding Co Inc /Pa/)

Control by Majority. Subject to the other provisions of this Indenture and applicable law, the The Holders of not less than a majority in aggregate principal amount of the outstanding Notes Securities may direct the time, method and place of conducting any proceeding for any remedy available to the Trustee or of exercising any trust or power conferred on itthe Trustee. The However, the Trustee may refuse to follow any direction that conflicts with any law or this Indenture, the Securities or the Subsidiary Guarantees or, subject to Sections 7.1 and 7.2, that the Trustee determines may be is unduly prejudicial to the rights of another Holder, other Securityholders or that may would involve the Trustee in personal liability; provided provided, however, that the Trustee may take any other action deemed proper by the Trustee which that is not inconsistent with such direction. In the event the Trustee takes Prior to taking any such action or follows any direction pursuant to this Indenturehereunder, the Trustee shall be entitled to indemnification or security satisfactory to the Trustee it in its sole discretion against any loss or expense all losses and expenses caused by taking or not taking such action or following such directionaction.

Appears in 1 contract

Sources: Indenture (Lone Pine Resources Inc.)

Control by Majority. Subject to the other provisions of this Indenture and applicable lawSection 2.09, the Holders of not less than a majority in aggregate principal amount of the Securities then outstanding Notes may direct the time, method and place of conducting any proceeding for any remedy available to the Trustee or exercising Trustee, including, without limitation, any trust or power conferred on itremedies provided for in Section 6.03. The Subject 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 another Holder, Holder or that may involve the Trustee in personal liability; provided provided, however, 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 reasonably satisfactory to the Trustee it against any loss loss, liability or expense caused by taking such action or following such direction.. This

Appears in 1 contract

Sources: Indenture (Cadmus Communications Corp/New)

Control by Majority. Subject to the other provisions of this Indenture and applicable lawSection 2.09, the Holders of not less than a majority in aggregate principal amount of the outstanding Notes Securities may direct the time, method and place of conducting any proceeding for any remedy available to the Trustee or exercising any trust or power conferred on it. The However, the Trustee may refuse to follow any direction that conflicts with any law or this IndentureIndenture or the Escrow Agreement, that the Trustee determines may be unduly prejudicial to the rights of another HolderSecurityholder, or that may involve the Trustee in personal liability; provided provided, however, 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 satisfactory to the Trustee it in its sole discretion against any loss or expense caused by taking such action or following such direction.. This

Appears in 1 contract

Sources: Indenture (Tci Satellite Entertainment Inc)

Control by Majority. Subject to the other provisions of this Indenture and applicable law, the The Holders of not less than a majority in aggregate principal amount of the outstanding Notes Securities may direct the time, method and place of conducting any proceeding for any remedy available to the Trustee or exercising any trust or power conferred on it. The Subject 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 another HolderSecurityholder, or that may involve the Trustee in personal liability; 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 from the Holders satisfactory to the Trustee it in its sole discretion against any loss loss, liability, cost or expense caused by taking such action or following such direction.

Appears in 1 contract

Sources: Indenture (Ametek Inc/)

Control by Majority. Subject to the other provisions of this Indenture and applicable law, the The Holders of not less than a majority in aggregate principal amount of the outstanding Notes Securities may direct the time, method and place of conducting any proceeding for any remedy available to the Trustee or exercising any trust or power conferred on it. The Subject 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 deter mines may be unduly prejudicial to the rights of another HolderSecurityholder, or that may involve the Trustee in personal liability; 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 satisfactory satisfac tory to the Trustee it in its sole discretion against any loss or expense caused by taking such action or following such direction.

Appears in 1 contract

Sources: Indenture (Unilab Corp /De/)

Control by Majority. Subject to the other provisions of this Indenture and applicable law, the The Holders of not less than at least a majority in aggregate principal amount of the outstanding Notes may direct the time, method and place of conducting any proceeding for any remedy available to the Trustee pursuant to this Indenture or exercising any trust or power conferred on itit pursuant to this Indenture. The Subject to Section 7.01, however, the Trustee may refuse to follow any direction that conflicts with any law or this 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 another Holder; provided, or that may involve the Trustee in personal liability; provided however, 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 Prior to taking any action or follows following any direction pursuant to this Indenture, the Trustee shall be entitled to seek indemnification satisfactory to the Trustee it against any loss or expense caused by taking such action or following such direction.

Appears in 1 contract

Sources: Indenture (Hi-Crush Inc.)

Control by Majority. Subject to the other provisions of this Indenture and applicable law, the The Holders of not less than a majority in aggregate principal amount of the outstanding Notes may direct the time, method and place of conducting any proceeding for any remedy available to the Trustee or exercising any trust or power conferred on it. The Subject 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 another HolderNoteholder, or that may involve may, in the sole judgment of the Trustee, give rise to or subject the Trustee in to personal liability; provided that the Trustee may take any other action deemed proper by the Trustee which is not inconsistent with such directionTrustee. In the event the Trustee takes any action or follows any direction pursuant to this Indenture, the Trustee shall be entitled to indemnification satisfactory to the Trustee it in its sole discretion against any loss or expense caused by taking such action or following such direction.

Appears in 1 contract

Sources: Indenture (Diamond Triumph Auto Glass Inc)

Control by Majority. Subject to the other provisions of this Indenture and applicable lawSection 2.09, the Holders of not less than a majority in aggregate principal amount of the outstanding Notes Securities may direct the time, method and place of conducting any proceeding for any remedy available to the Trustee or exercising any trust or power conferred on it. The Subject 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 another HolderSecurityholder, or that may involve the Trustee in personal liability; 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 satisfactory to the Trustee it in its sole discretion against any loss or expense caused by taking such action or following such direction.

Appears in 1 contract

Sources: Indenture (Aearo CO I)

Control by Majority. Subject to the other provisions of this Indenture and applicable law, the The Holders of not less than a majority in aggregate principal amount of the outstanding Notes Securities of any Series may direct the time, method and place of conducting any proceeding for any remedy available to the Trustee or of exercising any trust or power conferred on itthe Trustee with respect to that Series. The However, the Trustee may refuse to follow any direction that conflicts with any law or this IndentureIndenture or, subject to Section 7.01, that the Trustee determines may be is unduly prejudicial to the rights of another Holder, any other Holder of Securities of that Series or that may involve would expose the Trustee in to personal liability; provided provided, however, that the Trustee may take any other action deemed proper by the Trustee which that is not inconsistent with such direction. In the event the Trustee takes Prior to taking any action or follows any direction pursuant to this Indenturehereunder, the Trustee shall be entitled to indemnification satisfactory to the Trustee it in its sole discretion against any loss or expense all losses and expenses caused by taking or not taking such action or following such directionaction.

Appears in 1 contract

Sources: Indenture (Coors Adolph Co)

Control by Majority. Subject to the other provisions of this Indenture and applicable lawSection 2.12, the Holders of not less than a majority in aggregate principal amount of the outstanding Notes Securities may direct the time, method and place of conducting any proceeding for any remedy available to the Trustee or exercising any trust or power conferred on it. The 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 another HolderSecurityholder, or that may involve in- volve the Trustee in personal liability; provided provided, however, that the Trustee may take any other action deemed proper by the Trustee which is not inconsistent inconsis- tent 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 in- demnification satisfactory to the Trustee it in its sole discretion against any loss or expense caused by taking such action or following such direction.. This

Appears in 1 contract

Sources: Indenture (Newport News Shipbuilding Inc)

Control by Majority. Subject to the other provisions terms of this Indenture and applicable lawthe Security Documents, the Holders of not less than a majority in aggregate principal amount of the outstanding Notes may direct the time, method and place of conducting any proceeding for any remedy available to the Trustee or of exercising any trust or power conferred on itthe Trustee. The However, the Trustee may refuse to follow any direction that conflicts with any law or this IndentureIndenture or the Notes or, subject to Sections 7.1 and 7.2, that the Trustee determines may be is unduly prejudicial to the rights of another Holder, other Holders or that may would involve the Trustee in personal liability; provided provided, however, that the Trustee may take any other action deemed proper by the Trustee which that is not inconsistent with such direction. In the event the Trustee takes Prior to taking any such action or follows any direction pursuant to this Indenturehereunder, the Trustee shall be entitled to indemnification satisfactory to the Trustee it against any loss or expense all fees, losses and expenses (including attorney’s fees and expenses) caused by taking or not taking such action or following such directionaction.

Appears in 1 contract

Sources: Indenture (Kinetic Concepts Inc)

Control by Majority. Subject to the other provisions of this Indenture and applicable law, the The Holders of not less than a majority in aggregate principal amount of the outstanding Notes Securities may direct the time, method and place of conducting any proceeding for any remedy available to the Trustee or of exercising any trust or power conferred on itthe Trustee. The However, the Trustee may refuse to follow any direction that conflicts with any law or this Indenture, the Securities or the Subsidiary Guarantees or, subject to Sections 7.1 and 7.2, that the Trustee determines may be is unduly prejudicial to the rights of another Holder, other Securityholders or that may would involve the Trustee in personal liability; provided provided, however, that the Trustee may take any other action deemed proper by the Trustee which that is not inconsistent with such direction. In the event the Trustee takes Prior to taking any such action or follows any direction pursuant to this Indenturehereunder, the Trustee shall be entitled to indemnification reasonably satisfactory to the Trustee it in its sole discretion against any loss or expense all losses and expenses caused by taking or not taking such action or following such directionaction.

Appears in 1 contract

Sources: Indenture (Colt Finance Corp.)

Control by Majority. Subject to the other provisions The holders of this Indenture and applicable law, the Holders of not less than a majority in aggregate principal amount of the Notes at the time outstanding Notes determined in accordance with Section 9.04 may direct the time, method and place of conducting any proceeding for any remedy available to the Trustee or of exercising any trust or power conferred on itthe Trustee. The However, the Trustee may refuse to follow any direction that conflicts with any law or this IndentureIndenture or, subject to Section 8.01, that the Trustee determines may be is unduly prejudicial to the rights of another Holder, other Holders or that may would involve the Trustee in personal liability; provided provided, however, that the Trustee may take any other action deemed proper by the Trustee which that is not inconsistent with such direction. In the event the Trustee takes Prior to taking any action or follows any direction pursuant to this Indenturehereunder, the Trustee shall be entitled to indemnification satisfactory to the Trustee it in its sole discretion against any loss or expense all losses and expenses caused by taking or not taking such action or following such directionaction.

Appears in 1 contract

Sources: Indenture (Alliant Techsystems Inc)

Control by Majority. Subject to the other provisions of this Indenture and applicable law, the The Holders of not less than a majority in aggregate principal amount of the outstanding Notes Securities of any Series may direct the time, method and place of conducting any proceeding for any remedy available to the Trustee or of exercising any trust or power conferred on itthe Trustee with respect to that Series. The However, the Trustee may refuse to follow any direction that conflicts with any law or this IndentureIndenture or, subject to Section 7.01, that the Trustee determines may be is unduly prejudicial to the rights of another Holder, any other Holder of that Series or that may involve would subject the Trustee in to personal liability; provided provided, however, that the Trustee may take any other action deemed proper by the Trustee which that is not inconsistent with such direction. In the event the Trustee takes Prior to taking any action or follows any direction pursuant to this Indenturehereunder, the Trustee shall be entitled to indemnification indemnity satisfactory to the Trustee it against any loss or expense all losses and expenses caused by taking or not taking such action or following such directionaction.

Appears in 1 contract

Sources: Indenture (Advance Auto Parts Inc)

Control by Majority. Subject to the other provisions of this Indenture and applicable law, the The Holders of not less than a majority in aggregate principal amount of the outstanding Notes Securities may direct the time, method and place of conducting any proceeding for any remedy available to the Trustee or exercising any trust or power conferred on it. The Subject 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 another HolderSecurityholder, or that may involve the Trustee in personal liability; provided PROVIDED that 90 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 from the Company satisfactory to the Trustee it in its sole discretion against any loss fees, loss, liability, cost or expense caused by taking such action or following such direction.

Appears in 1 contract

Sources: Indenture (Simonds Industries Inc)

Control by Majority. Subject to the other provisions of this Indenture and applicable law, the The Holders of not less than a majority in aggregate principal amount of the outstanding Notes Securities may direct the time, method and place of conducting any proceeding for any remedy available to the Trustee or of exercising any trust or power conferred on itthe Trustee. The However, the Trustee may refuse to follow any direction that that, in its sole discretion, it believes conflicts with any law or this IndentureIndenture or, subject to Section 7.01, that the Trustee in its sole discretion determines may be is unduly prejudicial to the rights of another Holder, other Securityholders or that may would involve the Trustee in personal liability; provided PROVIDED, HOWEVER, that the Trustee may take any other action deemed proper by the Trustee which that is not inconsistent with such direction. In the event the Trustee takes Prior to taking any action or follows any direction pursuant to this Indenturehereunder, the Trustee shall be entitled to indemnification satisfactory to the Trustee it in its sole discretion against any loss or expense all losses and expenses caused by taking or not taking such action or following such directionaction.

Appears in 1 contract

Sources: Indenture (Interactive Media Corp)

Control by Majority. Subject to the other provisions of this Indenture and applicable lawSection 2.9, the Holders of not less than a majority in aggregate principal amount of the outstanding Notes Securities may direct the time, method and place of conducting any proceeding for any remedy available to the Trustee or exercising any trust or power conferred on it. The Subject to Section 7.1, 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 another HolderSecurity holder, or that may involve the Trustee in personal liability; 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 IndentureIndenture or any Security Document, the Trustee shall be entitled to indemnification satisfactory to the Trustee it in its sole discretion against any loss or expense caused by taking such action or following such direction.

Appears in 1 contract

Sources: Indenture (Southern Bottled Water Co Inc)

Control by Majority. Subject to the other provisions terms of this Indenture the Intercreditor Agreement and applicable lawthe Security Documents, the Holders of not less than a majority in aggregate principal amount of the outstanding Notes may direct the time, method and place of conducting any proceeding for any remedy available to the Trustee or exercising any trust or power conferred on it. 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 another HolderHolders not joining in such direction, or that may involve the Trustee in personal liability; 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 satisfactory to the Trustee against any loss or expense caused by taking such action or following such direction.

Appears in 1 contract

Sources: Indenture (Erickson Air-Crane Inc.)

Control by Majority. Subject to the other provisions of this Indenture and applicable law, the The Holders of not less than a majority in aggregate principal amount of the outstanding Notes Securities may direct the time, method and place of conducting any proceeding for any remedy available to the Trustee or exercising any trust or power conferred on it. The Subject 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 another HolderSecurityholder, or that may involve the Trustee in personal liability; 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 from the Company satisfactory to the Trustee it in its sole discretion against any loss loss, liability, cost or expense caused by taking such action or following such direction.

Appears in 1 contract

Sources: Indenture (Walbro Corp)

Control by Majority. Subject to the other provisions of this Indenture and applicable law, the The Holders of not less than a majority in aggregate principal amount of the outstanding Notes Securities may direct the time, method and place of conducting any proceeding for any remedy available to the Trustee or exercising any trust or power conferred on it. The Subject 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 another Holder, or that may involve may, in the sole judgment of the Trustee, give rise to or subject the Trustee in to personal liability; provided that the Trustee may take any other action deemed proper by the Trustee which is not inconsistent with such directionTrustee. In the event the Trustee takes any action or follows any direction pursuant to this Indenture, the Trustee shall be entitled to indemnification satisfactory to the Trustee it in its sole discretion against any loss or expense caused by taking such action or following such direction.

Appears in 1 contract

Sources: Indenture (Revlon Inc /De/)

Control by Majority. Subject to the other provisions of this Indenture and applicable law, the The Holders of not less than a majority in aggregate principal amount of the outstanding Notes may direct the time, method and place of conducting any proceeding for any remedy available to the Trustee or of exercising any trust or power conferred on itthe Trustee. The However, the Trustee may refuse to follow any direction that conflicts with any law or this IndentureIndenture or, subject to Section 7.01, that the Trustee determines may be is unduly prejudicial to the rights of another Holder, other Noteholders or that may would involve the Trustee in personal liabilityliability or expense for which the Trustee has not received adequate indemnity as determined by it in good faith; provided provided, however, that the Trustee may take any other action deemed proper by the Trustee which that is not inconsistent with such direction. In the event the Trustee takes Prior to taking any action or follows any direction pursuant to this Indenturehereunder, the Trustee shall be entitled to indemnification indemnity or security reasonably satisfactory to the Trustee it in its sole discretion against any loss or expense all losses, liabilities, and expenses caused by taking or not taking such action or following such directionaction.

Appears in 1 contract

Sources: Exhibit (Gaylord Entertainment Co /De)

Control by Majority. Subject to the other provisions of this Indenture and applicable lawSection 2.09, the Holders of not less than a majority in aggregate principal amount of the outstanding Notes Securities may direct the time, method and place of conducting any proceeding for any remedy available to the Trustee or exercising any trust or power conferred on it. The Subject 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 another HolderSecurityholder, or that may involve the Trustee in personal liability; 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 satisfactory to the Trustee it in its sole discretion against any loss or expense caused by taking such action or following such direction.

Appears in 1 contract

Sources: Indenture (Sheffield Steel Corp)

Control by Majority. Subject to the other provisions of this Indenture and applicable law, the The Holders of not less than a majority in aggregate principal amount at maturity of the outstanding Notes Securities may direct the time, method and place of conducting any proceeding for any remedy available to the Trustee or exercising any trust or power conferred on it. The Subject to Section 7.01, however, the Trustee may refuse to follow any direction that conflicts with any law or this IndentureIndenture or any Security Document, that the Trustee determines may be unduly prejudicial to the rights of another HolderSecurityholder, or that may involve the Trustee in personal liability; provided 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 IndentureIndenture or any Security Document, the Trustee shall be entitled to indemnification satisfactory to the Trustee it in its sole discretion against any loss or expense caused by taking such action or following such direction.

Appears in 1 contract

Sources: Indenture (Acme Intermediate Holdings LLC)

Control by Majority. Subject to the other provisions of this Indenture and applicable law, the The Holders of not less than a majority in aggregate principal amount of the outstanding Notes may direct the time, method and place of conducting any proceeding for any remedy available to the Trustee or exercising any trust or power conferred on it. The Subject 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 another HolderSecurityholder, or that may involve the Trustee in personal liability; 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 Prior to taking any action or follows following any direction pursuant to this IndentureSection 6.05, the Trustee shall be entitled to indemnification from such Holders satisfactory to the Trustee it in its sole discretion against any loss fees, loss, liability, cost or expense caused by taking such action or following such direction.

Appears in 1 contract

Sources: Indenture (Visteon Corp)

Control by Majority. Subject to the other provisions The holders of this Indenture and applicable law, the Holders of not less than a majority in aggregate principal amount of the Notes at the time outstanding Notes determined in accordance with Section 8.04 may direct direct, through their written consent, the time, method and place of conducting any proceeding for any remedy available to the Trustee or of exercising any trust or power conferred on itthe Trustee. The However, the Trustee may refuse to follow any direction that conflicts with any law or this IndentureIndenture or, subject to Section 7.01, that the Trustee determines may be is unduly prejudicial to the rights of another Holder, other holders or that may would involve the Trustee in personal liability; provided provided, however, that the Trustee may take any other action deemed proper by the Trustee which that is not inconsistent with such direction. In the event the Trustee takes Prior to taking any action or follows any direction pursuant to this Indenturehereunder, the Trustee shall be entitled to indemnification satisfactory to the Trustee it in its sole discretion against any loss or expense all losses and expenses caused by taking or not taking such action or following such directionaction.

Appears in 1 contract

Sources: Indenture (Quicksilver Resources Inc)

Control by Majority. Subject to the other provisions of this Indenture and applicable law, the The Holders of not less than a majority in aggregate principal amount of the outstanding Notes Securities may direct the time, method and place of conducting any proceeding for any remedy available to the Trustee or exercising any trust or power conferred on itthe Trustee. The Subject 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 another Holder, or that may involve the Trustee in personal liability; provided 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 from the Company satisfactory to the Trustee it in its sole discretion against any loss fees, loss, liability, cost or expense caused by taking such action or following such direction.

Appears in 1 contract

Sources: Indenture (International Comfort Products Corp)

Control by Majority. Subject to the other provisions The holders of this Indenture and applicable law, the Holders of not less than a majority in aggregate principal amount of the Notes at the time outstanding Notes determined in accordance with Section 9.04 may direct the time, method and place of conducting any proceeding for any remedy available to the Trustee or of exercising any trust or power conferred on itthe Trustee. The However, the Trustee may refuse to follow any direction that conflicts with any law or this IndentureIndenture or, subject to Section 8.01, that the Trustee determines may be is unduly prejudicial to the rights of another Holder, other holders or that may would involve the Trustee in personal liability; provided provided, however, that the Trustee may take any other action deemed proper by the Trustee which that is not inconsistent with such direction. In the event the Trustee takes Prior to taking any action or follows any direction pursuant to this Indenturehereunder, the Trustee shall be entitled to indemnification from the holders of the Notes satisfactory to the Trustee it in its sole discretion against any loss or expense all losses and expenses caused by taking or not taking such action or following such directionaction.

Appears in 1 contract

Sources: Indenture (Dress Barn Inc)

Control by Majority. Subject to the other provisions of this Indenture and applicable law, the The Holders of not less than a majority in aggregate principal amount of the outstanding Notes ------------------- Securities may direct the time, method and place of conducting any proceeding for any remedy available to the Trustee or of exercising any trust or power conferred on itthe Trustee by this Indenture. The However, the Trustee may refuse to follow any direction that conflicts with any law or this IndentureIndenture or, subject to Section 7.01, that the Trustee determines may be is unduly prejudicial to the rights of another Holder, other Securityholders or that may would involve the Trustee in personal liability; provided provided, however, that the Trustee may take any other action deemed proper by the Trustee which -------- ------- that is not inconsistent with such direction. In the event the Trustee takes Prior to taking any action or follows any direction pursuant to this Indenturehereunder, the Trustee shall be entitled to indemnification satisfactory to the Trustee it in its sole discretion against any loss or expense all losses and expenses caused by taking or not taking such action or following such directionaction.

Appears in 1 contract

Sources: Indenture (Harborside Healthcare Corp)

Control by Majority. Subject to the other provisions of this Indenture and applicable law, the The Holders of not less than a majority in aggregate principal amount of the Securities then outstanding Notes may direct the time, method and place of conducting any proceeding for any remedy available to the Trustee or of exercising any trust or power conferred on itthe Trustee with respect to the Securities. The However, the Trustee may refuse to follow any direction that conflicts with any law or this Indenture or, subject to Section 601 of the Existing Indenture, that the Trustee determines may be unduly is prejudicial to the rights of another Holder, other Securityholders or that may would involve the Trustee in personal liability; provided provided, however, that the Trustee may take any other action deemed proper by the Trustee which that is not inconsistent with such direction. In the event the Trustee takes Prior to taking any action or follows any direction pursuant to this Indenturehereunder, the Trustee shall be entitled to reasonable indemnification satisfactory to the Trustee against any loss or expense all losses, claims, liabilities, damages and expenses (including reasonable legal fees and expenses) caused by taking or not taking such action or following such directionaction.

Appears in 1 contract

Sources: Second Supplemental Indenture (Sovereign Bancorp Inc)

Control by Majority. Subject to the other provisions of this Indenture and applicable lawSection 2.09, the Holders of not less than a majority in aggregate principal amount of the outstanding Notes Securities may direct the time, method and place of conducting any proceeding for any remedy available to the Trustee or exercising any trust or power conferred on it. The Subject 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 another HolderSecurity holder, or that may involve the Trustee in personal liability; 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, Indenture or any Security Document the Trustee shall be entitled to indemnification satisfactory to the Trustee it in its sole discretion against any loss or expense caused by taking such action or following such direction.

Appears in 1 contract

Sources: Indenture (Call Points Inc)

Control by Majority. Subject to the other provisions of this Indenture and applicable law, the The Holders of not less than a majority in aggregate principal amount of the outstanding Notes Securities may direct the time, method and place of conducting any proceeding for any remedy available to the Trustee or of exercising any trust or power conferred on itthe Trustee. The However, the Trustee may refuse to follow any direction that conflicts with any law or this Indenture, the Securities, the Guaranty or the Security Documents or, subject to Sections 7.1 and 7.2, that the Trustee determines may be is unduly prejudicial to the rights of another Holder, other Holders or that may would involve the Trustee in personal liability; provided provided, however, that the Trustee may take any other action deemed proper by the Trustee which that is not inconsistent with such direction. In the event the Trustee takes Prior to taking any such action or follows any direction pursuant to this Indenturehereunder, the Trustee shall be entitled to indemnification reasonably satisfactory to the Trustee it in its sole discretion against any loss or expense all losses and expenses caused by taking or not taking such action or following such directionaction.

Appears in 1 contract

Sources: Indenture (FriendFinder Networks Inc.)

Control by Majority. Subject to the other provisions of this Indenture and applicable lawSection 2.09, the Holders of not less than a majority in aggregate principal amount Principal Amount at Maturity of the then outstanding Notes Securities may direct the time, method and place of conducting any proceeding for any remedy available to the Trustee or exercising any trust or power conferred on it. The 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 another HolderSecurityholder, or that may involve the Trustee in personal liability; provided provided, -------- however, 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 satisfactory to the Trustee it in its sole discretion against any loss or expense caused by taking such action or following such direction.. This

Appears in 1 contract

Sources: Indenture (Frontiervision Holdings Capital Corp)

Control by Majority. Subject to the other provisions of this Indenture and applicable law, the The Holders of not less than a majority in aggregate principal amount of the outstanding Notes Securities may direct the time, method and place of conducting any proceeding for any remedy available to the Trustee or exercising any trust or power conferred on it. The Subject 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 another HolderSecurityholder, or that may involve the Trustee in personal liability; provided that 66 -58- 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 satisfactory to the Trustee it in its sole discretion against any loss or expense caused by taking such action or following such direction.

Appears in 1 contract

Sources: Indenture (Unifrax Investment Corp)

Control by Majority. Subject to the other provisions of this Indenture and applicable law, the The Holders of not less than a majority in aggregate principal amount of the outstanding Notes Securities may direct the time, method and place of conducting any proceeding for any remedy available to the Trustee or exercising any trust or power conferred on it. The Subject 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 another HolderSecurityholder, or that may involve the Trustee in personal liability; 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 Prior to taking any action or follows following any direction pursuant to this IndentureSection 6.05, the Trustee shall be entitled to indemnification from such Holders satisfactory to the Trustee it in its sole discretion against any loss fees, loss, liability, cost or expense caused by taking such action or following such direction.

Appears in 1 contract

Sources: Indenture (Stoneridge Inc)

Control by Majority. Subject to the other provisions of this Indenture and applicable law, the The Holders of not less than a majority in aggregate principal amount of the Secured 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. The However, the Trustee may refuse to follow any direction that conflicts with any law or this IndentureIndenture or the Security Agreements or, subject to Section 7.01 hereof, that the Trustee determines may be unduly prejudicial to the rights of another Holder, other Holders of Secured Notes or that may involve the Trustee in personal liability; provided PROVIDED that the Trustee may take any other action deemed proper by the Trustee which that is not inconsistent with such direction. In the event the Trustee takes Prior to taking any action or follows any direction pursuant to this Indenturehereunder, the Trustee shall be entitled to indemnification satisfactory to the Trustee it in its sole discretion against any loss or expense all losses and expenses caused by taking or not taking such action or following such directionaction.

Appears in 1 contract

Sources: Indenture (Pride International Inc)

Control by Majority. Subject to the other provisions of this Indenture and applicable law, the The Holders of not less than a majority ------------------- in aggregate principal amount of the Securities then outstanding Notes may direct the time, method and place of conducting any proceeding for any remedy available to the Trustee or of exercising any trust or power conferred on itthe Trustee with respect to the Securities. The However, the Trustee may refuse to follow any direction that conflicts with any law or this IndentureIndenture or, subject to Section 7.01, that the Trustee determines may be is unduly prejudicial to the rights of another Holder, other Securityholders or that may would involve the Trustee in personal liability; provided provided, -------- however, that the Trustee may take any other action deemed proper by the Trustee which ------- that is not inconsistent with such direction. In the event the Trustee takes Prior to taking any action or follows any direction pursuant to this Indenturehereunder, the Trustee shall be entitled to reasonable indemnification satisfactory to the Trustee against any loss or expense all losses and expenses caused by taking or not taking such action or following such directionaction.

Appears in 1 contract

Sources: Indenture Agreement (Levi Strauss & Co)