Control by Majority. The Holders of not less than a majority in principal amount of the outstanding 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. 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 Securityholder, or that may, in the sole judgment of the Trustee, give rise to or subject the Trustee to personal liability; provided that the Trustee may take any other action deemed proper by the Trustee. 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 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. The 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 Securities 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. Subject to Section 7.01, however, the 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 SecurityholderHolder, or that may, in the sole judgment of the Trustee, give rise to or subject may involve the Trustee to in personal liability; provided that the Trustee may take any other action deemed proper by the TrusteeTrustee 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 it in its sole discretion 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. The (a) Holders of not less than a majority in principal amount of the outstanding Securities 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. 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 Securityholderany other Holder, or that may, in the sole judgment of the Trustee, give rise to or subject may involve the Trustee to in personal liability; provided that the Trustee may take any other action deemed proper by the Trustee. 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 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
Control by Majority. The Holders of not less than a majority in principal amount of the Securities of a series then outstanding Securities 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. Subject to Section 7.01, howeverHowever, 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 Securityholder, other Securityholders or that may, in the sole judgment of the Trustee, give rise to or subject would involve the Trustee to in personal liability; provided liability provided, however, that the Trustee may take any other action deemed proper by the TrusteeTrustee 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 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. The Holders of not less than a majority in aggregate principal amount of the outstanding Securities 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. Subject to Section 7.01, howeverHowever, 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 Securityholder, any other Holder or that may, in the sole judgment of the Trustee, give rise to or subject may involve the Trustee to in personal liability; provided that the Trustee may take any other action deemed proper by the TrusteeTrustee 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 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 13 contracts
Sources: Indenture (Encore Capital Group Inc), Indenture (Encore Capital Group Inc), Indenture (Encore Capital Group Inc)
Control by Majority. The Holders of not less than a majority in principal amount of the outstanding 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. Subject to Section 7.01, howeverHowever, 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 Securityholder, any other Holder of that Series or that may, in the sole judgment of the Trustee, give rise to or would subject the Trustee to personal liability; provided provided, however, that the Trustee may take any other action deemed proper by the TrusteeTrustee 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 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. (a) The Holders of not less than at least a majority in aggregate principal amount of the outstanding 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. 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 SecurityholderHolder, or that may, in the sole judgment of the Trustee, give rise to or subject may involve the Trustee to in personal liability; provided provided, however, that the Trustee may take any other action deemed proper by the Trustee. 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 it in its sole discretion 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. The Subject to Section 2.9 (Acts by Holders), the Holders of not less than a majority in principal amount of the outstanding Securities 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. Subject to Section 7.017.1 (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 SecurityholderHolder, or that may, in the sole judgment of the Trustee, give rise to or subject may involve the Trustee to in personal liability; provided provided, however, that the Trustee may take any other action deemed proper by the TrusteeTrustee 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 it in its sole discretion 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. (a) The Holders of not less than at least a majority in principal amount of the then outstanding Securities may Notes 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. 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 SecurityholderHolder, or that may, in the sole judgment of the Trustee, give rise to or subject may involve the Trustee to in personal liability; provided provided, however, that the Trustee may take any other action deemed proper by the Trustee. 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 it in its sole discretion 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. The Subject to Section 2.10, the Holders of not less than a majority in principal amount of the outstanding Securities 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. Subject to Section 7.017.1, 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 SecurityholderHolder of Notes, or that may, in the sole judgment of the Trustee, give rise to or subject may involve the Trustee to in personal liability; provided provided, however, that the Trustee may take any other action deemed proper by the TrusteeTrustee 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 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. The Holders of not less than a majority in principal amount of the outstanding Securities 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. 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 Securityholderany other Noteholder, or that may, in the sole judgment of the Trustee, give rise to or subject may involve the Trustee to in personal liability; provided that the Trustee may take any other action deemed proper by the TrusteeTrustee 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 it in its sole discretion against any loss or expense caused by taking such action or following such direction.
Appears in 6 contracts
Sources: Indenture (Davita Healthcare Partners Inc.), Indenture (Southwest Atlanta Dialysis Centers, LLC), Indenture (Davita Inc)
Control by Majority. The Holders of not less than a majority in principal amount of the outstanding 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. Subject to Section 7.01, howeverHowever, 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 Securityholder, other Securityholders or that may, in the sole judgment of the Trustee, give rise to or subject would involve the Trustee to in personal liability; provided provided, however, that the Trustee may take any other action deemed proper by the TrusteeTrustee 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 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. The Holders of not less than a majority in principal amount of the outstanding 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. 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 Securityholder, or that may, in the sole judgment of the Trustee, give rise to or subject may involve the Trustee to in personal liability; provided that the Trustee may take any other action deemed proper by the TrusteeTrustee 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 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. The Holders of not less than a majority in aggregate principal amount of the outstanding Securities may Notes 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. Subject to Section 7.01, howeverHowever, 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 Securityholder, other Holders or that may, in the sole judgment of the Trustee, give rise to or subject would involve the Trustee to 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 TrusteeTrustee 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 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. The Holders of not less than a majority in principal amount of the outstanding 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. Subject to Section 7.01, howeverHowever, 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 Securityholder, other Holders or that may, in the sole judgment of the Trustee, give rise to or subject would involve the Trustee to in personal liability; provided provided, however, that the Trustee may take any other action deemed proper by the TrusteeTrustee 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 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 4 contracts
Sources: Indenture (CNX Resources Corp), Indenture (CNX Resources Corp), Indenture (CNX Resources Corp)
Control by Majority. The Holders of not less than a majority in outstanding principal amount of the outstanding Securities of such 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. Subject to Section 7.01, howeverHowever, 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 reasonably determines may be is unduly prejudicial to the rights of another Securityholder, or that mayother Holders or, in the sole judgment of the Trustee’s reasonable opinion, give rise to or subject would involve the Trustee to in personal liability; provided provided, however, that the Trustee may take any other action deemed proper by the TrusteeTrustee 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 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 4 contracts
Sources: Indenture (Labcorp Holdings Inc.), Indenture (Laboratory Corp of America Holdings/De), Indenture (Laboratory Corp of America Holdings)
Control by Majority. The Subject to Section 2.09, the Holders of not less than a majority in principal amount of the outstanding 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. 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 SecurityholderSecurity holder, or that may, in the sole judgment of the Trustee, give rise to or subject may involve the Trustee to in personal liability; provided that the Trustee may take any other action deemed proper by the TrusteeTrustee 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 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. The Subject to Section 2.10, the Holders of not less than a majority in principal amount of the outstanding Securities 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. Subject to Section 7.017.1, 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 SecurityholderHolder of Notes, or that may, in the sole judgment of the Trustee, give rise to or subject would involve the Trustee to personal liabilityin liability or expense; provided provided, however, that the Trustee may take any other action deemed proper by the TrusteeTrustee 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 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 4 contracts
Sources: Mezzanine Indenture (Waterford Wedgwood PLC), Senior Subordinated Indenture (Valentia Telecommunications), Senior Indenture (Valentia Telecommunications)
Control by Majority. The Holders of not less than a majority in principal amount of the outstanding Securities 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. 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 Securityholderany other Noteholder, or that may, in the sole judgment of the Trustee, give rise to or subject may involve the Trustee to in personal liability; provided that the Trustee may take any other action deemed proper by the TrusteeTrustee 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 it in its sole discretion against any loss or expense caused by taking or not taking such action or following such direction.
Appears in 4 contracts
Sources: Indenture (Davita Inc.), Indenture (Davita Inc.), Indenture (Davita Healthcare Partners Inc.)
Control by Majority. The Holders of not less than a majority in principal amount of the outstanding 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. Subject to Section 7.01, howeverHowever, the Trustee may refuse to follow any direction that conflicts with any law or this Indenture, the Securities or the Guarantees or, subject to Sections 7.1 and 7.2, that the Trustee determines may be is unduly prejudicial to the rights of another Securityholder, other Securityholders or that may, in the sole judgment of the Trustee, give rise to or subject would involve the Trustee to in personal liability; provided provided, however, that the Trustee may take any other action deemed proper by the TrusteeTrustee 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 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 (ANTERO RESOURCES Corp), Indenture (ANTERO RESOURCES Corp), Indenture (ANTERO RESOURCES Corp)
Control by Majority. The Holders of not less than at least a majority in principal amount of the outstanding Securities 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. 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 Securityholder, or that may, Holders of Notes not joining in the sole judgment giving of such direction received from the TrusteeHolders of Notes; provided, give rise to or subject the Trustee to personal liability; provided however, that the Trustee may take any other action deemed proper by the TrusteeTrustee 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 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 (Omega Healthcare Investors Inc), Indenture (Omega Healthcare Investors Inc), Indenture (Omega Healthcare Investors Inc)
Control by Majority. The Subject to the terms of the Security Documents, the Holders of not less than a majority in principal amount of the Securities then outstanding 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. Subject to Section 7.01, howeverHowever, 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 Securityholder, any other Holder or that may, in the sole judgment of the Trustee, give rise to or subject would involve the Trustee to in personal liability; provided provided, however, that the Trustee may take any other action deemed proper by the TrusteeTrustee 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 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. The Subject to Section 2.10, the Holders of not less than a majority in principal amount of the outstanding Securities 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. Subject to Section 7.017.1, 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 SecurityholderHolder of such Notes, or that may, in the sole judgment of the Trustee, give rise to or subject may involve the Trustee to in personal liability; provided provided, however, that the Trustee may take any other action deemed proper by the TrusteeTrustee 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 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. The Holders of not less than a majority in principal amount of the then outstanding Securities 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. Subject to Section 7.01, howeverHowever, the Trustee 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 Securityholder, other Holders or that may, in the sole judgment of the Trustee, give rise to or subject would involve the Trustee to in personal liability; provided provided, however, that the Trustee may take any other action deemed proper by the TrusteeTrustee 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 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. The Holders holders of not less than the Notes of a majority in aggregate principal amount of the Notes then outstanding 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 Notes. Subject to Section 7.01, howeverHowever, 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 Securityholder, other holders of Notes or that may, in the sole judgment of the Trustee, give rise to or subject would involve the Trustee to in personal liability; provided provided, however, that the Trustee may take any other action deemed proper by the TrusteeTrustee 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 and/or security to it in its sole discretion the satisfaction of 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 3 contracts
Sources: Indenture (PT Indosat TBK), Indenture (P T Indosat TBK), Indenture (PT Indosat TBK)
Control by Majority. The Holders of not less than a majority in principal amount of the outstanding Securities 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. 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 SecurityholderNoteholder, or that may, in the sole judgment of the Trustee, give rise to or subject may involve the Trustee to in personal liability; provided PROVIDED that the Trustee may take any other action deemed proper by the TrusteeTrustee 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 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 (Northern Sanitation Inc), Indenture (Casella Waste Systems Inc), Indenture (Kti Inc)
Control by Majority. The 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 Securities 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. Subject to Section 7.01, however, the 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 SecurityholderHolder, or that may, in the sole judgment of the Trustee, give rise to or subject may involve the Trustee to in personal liability; provided provided, that the Trustee may take any other action deemed proper by the TrusteeTrustee 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 it in its sole discretion 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. The Subject to the other provisions of this Indenture and applicable law, the Holders of not less than a majority in principal amount of the outstanding Securities 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. Subject to Section 7.017.02, 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 SecurityholderHolder, or that may, in the sole judgment of the Trustee, give rise to or subject may involve the Trustee to in personal liability; provided provided, that the Trustee may take any other action deemed proper by the TrusteeTrustee 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 it in its sole discretion 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. The Subject to the other provisions of this Indenture and applicable law, the Holders of not less than a majority in principal amount of the outstanding Securities 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. Subject to Section 7.01, however, the 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 SecurityholderHolder, or that may, in the sole judgment of the Trustee, give rise to or subject may involve the Trustee to in personal liability; provided provided, that the Trustee may take any other action deemed proper by the TrusteeTrustee 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 it in its sole discretion 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. The Subject to the terms of the Security Documents, the Holders of not less than a majority in principal amount of the outstanding 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. 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 Securityholder, or that may, in the sole judgment of the Trustee, give rise to or subject the Trustee to personal liability; provided that the Trustee may take any other action deemed proper by the Trustee. 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 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. The Holders of not less than a majority in principal amount of the outstanding Securities 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. Subject to Section 7.01, howeverHowever, 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 Securityholder, other Holders or that may, in the sole judgment of the Trustee, give rise to or subject would involve the Trustee to 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 TrusteeTrustee 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 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. The Holders of not less than a majority in principal amount of the then outstanding 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. Subject to Section 7.01, howeverHowever, 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 Securityholder, other Holders or that may, in the sole judgment of the Trustee, give rise to or subject would involve the Trustee to in personal liability; provided provided, however, that the Trustee may take any other action deemed proper by the TrusteeTrustee 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 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. The Holders of not less than a majority in principal amount of the outstanding 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. 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 Securityholder, or that may, in the sole judgment of the Trustee, give rise to or subject may involve the Trustee to in personal liability; provided PROVIDED that the Trustee may take any other action deemed proper by the TrusteeTrustee 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 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. The Holders holders of not less than a majority in principal amount of the outstanding Securities 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. 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 Securityholderany other noteholder, or that may, in the sole judgment of the Trustee, give rise to or subject may involve the Trustee to in personal liability; provided that the Trustee may take any other action deemed proper by the TrusteeTrustee 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 or security satisfactory to 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 (Western Digital Corp), Indenture (WD Media, LLC)
Control by Majority. The Subject to the other provisions of this Indenture and applicable law, the Holders of not less than a majority in principal amount of the outstanding Securities 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. 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 SecurityholderNoteholder, or that may, in the sole judgment of the Trustee, give rise to or subject may involve the Trustee to in personal liability; provided that the Trustee may take any other action deemed proper by the TrusteeTrustee 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 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 (Dollarama CORP), Indenture (LCE AcquisitionSub, Inc.)
Control by Majority. The Holders of not less than a majority in aggregate principal amount of the Securities then outstanding 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. Subject to Section 7.01, howeverHowever, 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 Securityholder, other Holders or that may, in the sole judgment of the Trustee, give rise to or subject would involve the Trustee to in personal liability; provided provided, however, that the Trustee may take any other action deemed proper by the TrusteeTrustee 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 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 (Rite Aid Corp), Indenture (Rite Aid Corp)
Control by Majority. The Holders of not less than a majority in principal amount of the outstanding 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. Subject to Section 7.01, howeverHowever, 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 Securityholder, other Holders or that may, in the sole judgment of the Trustee, give rise to or subject would involve the Trustee to in personal liability; provided provided, however, that the Trustee may take any other action deemed proper by the TrusteeTrustee 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 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. The Holders of not less than a majority in principal amount of the outstanding Securities 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. 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 SecurityholderHolder, or that may, in the sole judgment of the Trustee, give rise to or subject may involve the Trustee to in personal liability; provided that the Trustee may take any other action deemed proper by the TrusteeTrustee 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 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 (Westmoreland Energy LLC), Indenture (WESTMORELAND COAL Co)
Control by Majority. The Holders of not less than a majority in principal amount of the outstanding Securities 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. Subject to Section 7.01, however, the Trustee may refuse to follow any direction that conflicts with any law or this the Indenture, that the Trustee determines may be unduly prejudicial to the rights of another Securityholder, or that may, in the sole judgment of the Trustee, give rise to or subject may involve the Trustee to in personal liability; provided that the Trustee may take any other action deemed proper by the TrusteeTrustee 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 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 2 contracts
Sources: Indenture (Dana Inc), Indenture (Dana Holding Corp)
Control by Majority. The Holders of not less than a majority in principal amount of the then outstanding 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. Subject to Section 7.01, howeverHowever, 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 Securityholder, other Holders or that may, in the sole judgment of the Trustee, give rise to or subject would involve the Trustee to in personal liability; provided provided, however, that the Trustee may take any other action deemed proper by the TrusteeTrustee 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 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. The Holders of not less than a majority in principal amount of the outstanding Securities 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. Subject to Section 7.01, howeverHowever, 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 Securityholder, any other Holder (it being understood that the Trustee shall have no duty to make such determination) or that may, in the sole judgment of the Trustee, give rise to or subject would involve the Trustee to in personal liability; provided provided, however, that the Trustee may take any other action deemed proper by the TrusteeTrustee 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 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. The Subject to the other provisions of this Indenture and applicable law, the Holders of not less than a majority in principal amount of the outstanding Securities 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. 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 SecurityholderHolder, or that may, in the sole judgment of the Trustee, give rise to or subject may involve the Trustee to in personal liability; provided that the Trustee may take any other action deemed proper by the TrusteeTrustee 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 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 (Warner Chilcott PLC), Indenture (Warner Chilcott CORP)
Control by Majority. The Holders of not less than a majority in aggregate principal amount of the Securities then outstanding 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. Subject to Section 7.01, howeverHowever, 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 Securityholder, other Securityholders or that may, in the sole judgment of the Trustee, give rise to or subject would involve the Trustee to in personal liability; provided provided, however, that the Trustee may take any other action deemed proper by the TrusteeTrustee 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 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. The (a) Holders of not less than a majority in principal amount of the outstanding 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. Subject to Section 7.016.01, 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 Securityholderany other Holder, or that may, in the sole judgment of the Trustee, give rise to or subject may involve the Trustee to in personal liability; provided that the Trustee may take any other action deemed proper by the Trustee. 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 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
Control by Majority. The Subject to Section 2.10, the Holders of not less than a majority in principal amount of the outstanding Securities 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. Subject to Section 7.017.1, 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 SecurityholderHolder of Notes, or that may, in the sole judgment of the Trustee, give rise to or subject would involve the Trustee to personal liabilityin liability or expense; provided provided, however, that the Trustee may take any other action deemed proper by the TrusteeTrustee 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 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. The Subject to Section 2.9, the Holders of not less than a majority in principal amount of the all outstanding Securities 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. Subject to Section 7.01, howeverHowever, 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 Securityholder, other Securityholders or that may, in the sole judgment of the Trustee, give rise to or subject would involve the Trustee to in personal liability; provided provided, however, that the Trustee may take any other action deemed proper by the TrusteeTrustee 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 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. The Holders of not less than a majority in principal amount of the outstanding 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. 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 Securityholder, or that may, in the sole judgment of the Trustee, give rise to or subject may involve the Trustee to in personal liability; provided that the Trustee may take any other -------- action deemed proper by the TrusteeTrustee 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 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. The Holders of not less than a majority in principal amount of the outstanding 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. 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 Securityholder, or that may, in the sole judgment of the Trustee, give rise to or subject may involve the Trustee to in personal liability; provided -------- that the Trustee may take any other action deemed proper by the TrusteeTrustee 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 it in its sole discretion 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. The Holders of not less than a majority in principal amount of the outstanding 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. 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 SecurityholderSecurity Holder of the Securities of such series, or that may, may result in the sole judgment incurrence of liability by the Trustee, give rise to or subject the Trustee to personal liability; provided that the Trustee may take any other action deemed proper by the TrusteeTrustee 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 it in its sole discretion 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. The Holders of not less than a majority in principal amount of the outstanding 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. 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 Securityholder, or that may, in the sole judgment of the Trustee, give rise to or subject the Trustee to personal liability; liability; provided that the Trustee may take any other action deemed proper by the Trustee. 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 it in its sole discretion against any loss or expense caused by taking such action or following such direction.
Appears in 2 contracts
Control by Majority. The Subject to Section 2.09, the Holders of not less than a majority in principal amount of the Securities then outstanding Securities 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. 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 Securityholder, Holder or that may, in the sole judgment of the Trustee, give rise to or subject may involve the Trustee to in personal liability; provided provided, however, that the Trustee may take any other action deemed proper by the TrusteeTrustee 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 it in its sole discretion against any loss loss, liability or expense caused by taking such action or following such direction.. This
Appears in 1 contract
Control by Majority. The Holders of not less than a majority in principal amount of the outstanding Securities Notes may direct the time, method and place of conducting any proceeding for any remedy available to the Trustee or the Collateral Agent or of exercising any trust or power conferred on itthe Trustee or the Collateral Agent. Subject to Section 7.01, howeverHowever, 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 Securityholder, other Holders or that may, in the sole judgment of the Trustee, give rise to or subject would involve the Trustee to in personal liability; provided provided, however, that the Trustee may take any other action deemed proper by the TrusteeTrustee 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 and the Collateral Agent shall be entitled to indemnification satisfactory to it in its sole discretion against any loss or expense all fees, losses, liabilities and expenses (including attorney’s fees and expenses) that may be caused by taking or not taking such action or following such directionaction.
Appears in 1 contract
Sources: Indenture (Acelity L.P. Inc.)
Control by Majority. The Holders of not less than a majority in principal amount of the outstanding Securities 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. Subject to Section 7.01, howeverHowever, 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 Securityholder, any other Holder (it being understood that the Trustee shall have no duty to make such determination) or that may, in the sole judgment of the Trustee, give rise to or subject would involve the Trustee to in personal liability; provided provided, however, that the Trustee may take any other action deemed proper by the TrusteeTrustee 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 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
Control by Majority. The Holders of not less than a majority ------------------- in aggregate principal amount of the Securities then outstanding 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. Subject to Section 7.01, howeverHowever, 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 Securityholder, other Securityholders or that may, in the sole judgment of the Trustee, give rise to or subject would involve the Trustee to in personal liability; provided provided, -------- however, that the Trustee may take any other action deemed proper by the TrusteeTrustee ------- 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 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
Control by Majority. The Holders of not less than a majority in principal amount of the outstanding 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. 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 Securityholder, or that may, in the sole judgment of the Trustee, give rise to or subject may involve the Trustee to in personal liability; provided PROVIDED that 90 the Trustee may take any other action deemed proper by the TrusteeTrustee 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 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. The Subject to Section 2.9, the Holders of not less than a majority in principal amount of the outstanding 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. Subject to Section 7.017.1, 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 SecurityholderSecurity holder, or that may, in the sole judgment of the Trustee, give rise to or subject may involve the Trustee to in personal liability; provided that the Trustee may take any other action deemed proper by the TrusteeTrustee 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 it in its sole discretion against any loss or expense caused by taking such action or following such direction.
Appears in 1 contract
Control by Majority. The Subject to the terms of the Intercreditor Agreement and the Security Documents, the Holders of not less than a majority in aggregate principal amount of the outstanding Securities 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. Subject to Section 7.01, however, the 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 SecurityholderHolders not joining in such direction, or that may, in the sole judgment of the Trustee, give rise to or subject may involve the Trustee to in personal liability; provided that the Trustee may take any other action deemed proper by the TrusteeTrustee 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 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 (Erickson Air-Crane Inc.)
Control by Majority. The Holders of not less than a majority in aggregate principal amount of the outstanding 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. Subject to Section 7.01, howeverHowever, 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 Securityholder, any other Holder of that Series or that may, in the sole judgment of the Trustee, give rise to or would subject the Trustee to personal liability; provided provided, however, that the Trustee may take any other action deemed proper by the TrusteeTrustee 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 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 (Advance Auto Parts Inc)
Control by Majority. The Holders of not less than a majority in aggregate principal amount of the then outstanding Securities Notes of a single maturity 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. Subject to Section 7.01, howeverHowever, 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 Securityholder, Holder of such Notes or that may, in the sole judgment of the Trustee, give rise to or subject would involve the Trustee to in personal liability; provided provided, however, that the Trustee may take any other action deemed proper by the TrusteeTrustee 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 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
Control by Majority. The Holders of not less than a majority in ------------------- principal amount of the outstanding 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 (including in connection with a tender offer or exchange offer for Securities). Subject to Section 7.01, howeverHowever, the Trustee may refuse to follow any direction that conflicts with any law or this Indenture, or, subject to Section 7.01, that the Trustee determines may be is unduly prejudicial to the rights of another Securityholder, other Securityholders or that may, in the sole judgment of the Trustee, give rise to or subject would involve the Trustee to in personal liability; provided , provided, however, that the Trustee may take any other action deemed proper by the TrusteeTrustee 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 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 (Borden Chemicals & Plastics Limited Partnership /De/)
Control by Majority. The Holders of not less than a majority in aggregate principal amount of the outstanding 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 Securities of such series. Subject to Section 7.01, howeverHowever, 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 Securityholder, other Securityholders or that may, in the sole judgment of the Trustee, give rise to or subject would involve the Trustee to in personal liability; provided PROVIDED, HOWEVER, that the Trustee may take any other action deemed proper by the TrusteeTrustee 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 it in its sole discretion 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 1 contract
Sources: Indenture (LTV Corp)
Control by Majority. The Subject to Section 2.09, the Holders of not less than a majority in principal amount of the outstanding 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. Subject to Section 7.01, howeverHowever, 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 Securityholder, or that may, in the sole judgment of the Trustee, give rise to or subject may involve the Trustee to in personal liability; provided provided, however, that the Trustee may take any other action deemed proper by the TrusteeTrustee 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 it in its sole discretion against any loss or expense caused by taking such action or following such direction.. This
Appears in 1 contract
Control by Majority. The Holders of not less than a majority in principal amount of the outstanding 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. 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 Securityholder, or that may, in the sole judgment of the Trustee, give rise to or subject may involve the Trustee to in personal liability; provided that the Trustee may take any other action deemed proper by the TrusteeTrustee 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 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. The Holders of not less than a majority in aggregate principal amount of the outstanding 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. Subject to Section 7.01, howeverHowever, 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 Securityholder, other Securityholders or that may, in the sole judgment of the Trustee, give rise to or subject would involve the Trustee to in personal liability; provided PROVIDED, HOWEVER, that the Trustee may take any other action deemed proper by the TrusteeTrustee 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 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
Control by Majority. The Holders of not less than a majority in aggregate principal amount of the Secured Notes then outstanding Securities may direct the time, method and place of conducting any proceeding for exercising any remedy available to the Trustee or exercising any trust or power conferred on it. Subject to Section 7.01, howeverHowever, 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 Securityholder, other Holders of Secured Notes or that may, in the sole judgment of the Trustee, give rise to or subject may involve the Trustee to in personal liability; provided PROVIDED that the Trustee may take any other action deemed proper by the TrusteeTrustee 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 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. The Subject to Section 2.12, the Holders of not less than a majority in principal amount of the outstanding 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. Subject to Section 7.01, howeverHowever, 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 Securityholder, or that may, in the sole judgment of the Trustee, give rise to or subject may in- volve the Trustee to in personal liability; provided provided, however, that the Trustee may take any other action deemed proper by the TrusteeTrustee which is not 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 it in its sole discretion against any loss or expense caused by taking such action or following such direction.. This
Appears in 1 contract
Control by Majority. The Subject to the terms of the Security Documents, the Holders of not less than a majority in principal amount of the outstanding Securities 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. Subject to Section 7.01, howeverHowever, 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 Securityholder, other Holders or that may, in the sole judgment of the Trustee, give rise to or subject would involve the Trustee to in personal liability; provided provided, however, that the Trustee may take any other action deemed proper by the TrusteeTrustee 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 it in its sole discretion 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. The Holders of not less than a majority in principal amount of the outstanding 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. Subject to Section 7.01, howeverHowever, 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 Securityholder, other Securityholders or that may, in the sole judgment of the Trustee, give rise to or subject would involve the Trustee to in personal liability; provided provided, however, that the Trustee may take any other action deemed proper by the TrusteeTrustee 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 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. The Holders of not less than a majority in principal amount of the outstanding Securities 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. Subject to Section 7.01, howeverHowever, the Trustee may refuse to follow any direction direc- tion 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 deter- mines is unduly prejudicial to the rights of another Securityholder, other Holders or that may, in the sole judgment of the Trustee, give rise to or subject would involve the Trustee to in personal liability; provided provid- ed, however, that the Trustee may take any other action deemed proper by the TrusteeTrustee 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 satisfacto- ry to it in its sole discretion 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 (Townsquare Media, Inc.)
Control by Majority. The Holders Subject to Section 2.10, the holders of the Notes of not less than a majority in principal amount of the outstanding Securities 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. Subject to Section 7.017.1, 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 Securityholderholder of the Notes, or that may, in the sole judgment of the Trustee, give rise to or subject may involve the Trustee to in personal liability; provided provided, however, that the Trustee may take any other action deemed proper by the TrusteeTrustee 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 or security from the holders of the Notes satisfactory to it in its sole discretion against any loss or loss, liability and expense caused by taking or not taking such action or following such directionaction.
Appears in 1 contract
Control by Majority. The Holders of not less than a majority in principal amount of the outstanding 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. Subject to Section 7.01, howeverHowever, 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 Securityholder, other Securityholders or that may, in the sole judgment of the Trustee, give rise to or subject would involve the Trustee to in personal liability; provided provided, however, that the Trustee may take any other action deemed proper by the TrusteeTrustee 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 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 (Warren Resources Inc)
Control by Majority. The Holders of not less than a majority in principal amount of the outstanding Securities 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. Subject to Section 7.01, howeverHowever, 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 Securityholder, any other Holder (it being understood that the Trustee shall have no duty to make such determination) or that may, in the sole judgment of the Trustee, give rise to or subject would involve the Trustee to in personal liability; provided provided, however, that the Trustee may take any other action deemed proper by the TrusteeTrustee 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 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 (Koppers Holdings Inc.)
Control by Majority. The Holders of not less than a majority in aggregate principal amount of the Notes of a series then outstanding 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 with respect to the Notes of such series. Subject to Section 7.01, howeverHowever, the Trustee may refuse to follow any direction that conflicts with any applicable law or this IndentureIndenture or, subject to Section 7.01, that the Trustee determines may be is unduly prejudicial to the rights of another Securityholder, any other Holder or that may, in the sole judgment of the Trustee, give rise to or would subject the Trustee to personal liability; provided provided, however, that the Trustee may take any other action deemed proper by the TrusteeTrustee 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 receive indemnity satisfactory to it in its sole discretion against any loss or expense all losses, liabilities, claims 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. The Subject to Section 2.09, the Holders of not less than a majority in principal amount of the outstanding 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. 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 Securityholder, or that may, in the sole judgment of the Trustee, give rise to or subject may involve the Trustee to in personal liability; provided -------- that the Trustee may take any other action deemed proper by the TrusteeTrustee 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 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. The Holders of not less than a majority in principal amount at maturity of the outstanding 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. 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 Securityholder, or that may, in the sole judgment of the Trustee, give rise to or subject may involve the Trustee to in personal liability; provided PROVIDED that the Trustee may take any other action deemed proper by the TrusteeTrustee 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 it in its sole discretion against any loss or expense caused by taking such action or following such direction.
Appears in 1 contract
Control by Majority. The Holders of not less than a majority in principal amount of the outstanding Securities 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. 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 SecurityholderHolder, or that may, in the sole judgment of the Trustee, give rise to or subject may involve the Trustee to in personal liability; provided that the Trustee may take any other action deemed proper by the TrusteeTrustee 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 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 (Dana Inc)
Control by Majority. The Holders of not less than a majority in principal amount of the outstanding 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. 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 Securityholder, or that may, in the sole judgment of the Trustee, give rise to or subject the Trustee to personal liability; provided that the Trustee may take -------- any other action deemed proper by the Trustee. 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 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. The Holders of not less than a majority in principal amount of the outstanding 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. Subject to Section 7.01, howeverHowever, 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 Securityholder, any other Holder (it being understood that the Trustee shall have no duty to make such determination) or that may, in the sole judgment of the Trustee, give rise to or subject would involve the Trustee to in personal liability; provided provided, however, that the Trustee may take any other action deemed proper by the TrusteeTrustee 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 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
Control by Majority. The Subject to Section 2.09, the Holders of not less than a majority in principal amount of the outstanding 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. 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 Securityholder, or that may, in the sole judgment of the Trustee, give rise to or subject may involve the Trustee to in personal liability; provided that the Trustee may take any other action deemed proper by the TrusteeTrustee 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 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. The Subject to Section 2.09, the Holders of not less than a majority in principal amount Principal Amount at Maturity of the then outstanding 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. Subject to Section 7.01, howeverHowever, 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 Securityholder, or that may, in the sole judgment of the Trustee, give rise to or subject may involve the Trustee to in personal liability; provided provided, -------- however, that the Trustee may take any other action deemed proper by the TrusteeTrustee ------- 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 it in its sole discretion against any loss or expense caused by taking such action or following such direction.. This
Appears in 1 contract
Control by Majority. The Holders of not less than a majority in principal amount of the outstanding 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. Subject to Section 7.01, howeverHowever, 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 Securityholder, other Securityholders or that may, in the sole judgment of the Trustee, give rise to or subject would involve the Trustee to in personal liability; provided provided, however, that the Trustee may take any other action deemed proper by the TrusteeTrustee 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 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. The Holders holders of not less than a majority in aggregate principal amount of the Notes at the time outstanding Securities 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. Subject to Section 7.01, howeverHowever, 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 Securityholder, other holders or that may, in the sole judgment of the Trustee, give rise to or subject would involve the Trustee to in personal liability; provided provided, however, that the Trustee may take any other action deemed proper by the TrusteeTrustee 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 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
Control by Majority. The Holders of not less than a majority in principal amount of the outstanding 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. Subject to Section 7.01, howeverHowever, 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 Securityholder, other Holders or that may, in the sole judgment of the Trustee, give rise to or subject would involve the Trustee to in personal liability; provided provided, however, that the Trustee may take any other action deemed proper by the TrusteeTrustee 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 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
Control by Majority. The Holders of not less than a majority in principal amount of the outstanding Securities may Notes may, by an instrument or concurrent instruments in writing executed and delivered to the Trustee, 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. Subject to Section 7.01, howeverHowever, 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 Securityholder, other Holders or that may, in the sole judgment of the Trustee, give rise to or subject would involve the Trustee to in personal liability; provided provided, however, that the Trustee may take any other action deemed proper by the TrusteeTrustee 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 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: Indenture (Glatfelter P H Co)
Control by Majority. The Holders of not less than a majority in ------------------------------- principal amount of the outstanding 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. Subject to Section 7.01, howeverHowever, the Trustee may refuse to follow any direction that conflicts with any law or this IndentureIndenture or, subject to Section 7.1 and Section 7.2, that the Trustee determines may be is unduly ----------- ----------- prejudicial to the rights of another Securityholder, other Securityholders or that may, in the sole judgment of the Trustee, give rise to or subject would involve the Trustee to in personal liability; provided provided, however, that the Trustee may take any other action deemed proper by the TrusteeTrustee 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 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 (Black & Decker Corp)
Control by Majority. The Subject to Section 2.09, the Holders of not less than a majority in principal amount of the outstanding 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. 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 SecurityholderSecurity holder, or that may, in the sole judgment of the Trustee, give rise to or subject may involve the Trustee to in personal liability; provided that the Trustee may take any other action deemed -------- proper by the TrusteeTrustee 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 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. The Holders of not less than a majority in principal amount of the outstanding 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. Subject to Section 7.01, howeverHowever, 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 Securityholder, other Securityholders or that may, in the sole judgment of the Trustee, give rise to or subject would involve the Trustee to in personal liability; provided PROVIDED, HOWEVER, that the Trustee may take any other action deemed proper by the TrusteeTrustee 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 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. The Holders of not less than a majority in aggregate principal amount of the outstanding 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. 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 Securityholder, or that may, in the sole judgment of the Trustee, give rise to or subject may involve the Trustee to in personal liability; provided that the Trustee may take any other action deemed proper by the Trustee. In the event -------- the Trustee takes which is not inconsistent with such direction. 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 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. The Holders of not less than a majority in principal amount of the outstanding 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. 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 Securityholder, or that may, in the sole judgment of the Trustee, give rise to or subject may involve the Trustee to in personal liability; provided that the Trustee may take any other action deemed proper by the TrusteeTrustee 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 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. The Holders of not less than a majority in principal amount of the outstanding 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. 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 SecurityholderHolder, or that may, in the sole judgment of the Trustee, give rise to or subject the Trustee to personal liability; provided that the Trustee may take any other action deemed proper by the Trustee. 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 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. The Holders of not less than a majority in principal amount of the outstanding Securities 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. Subject to Section 7.01, howeverHowever, 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 Securityholder, other Noteholders or that may, in the sole judgment of the Trustee, give rise to or subject would involve the Trustee to 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 TrusteeTrustee 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 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
Control by Majority. The Holders of not less than a majority in principal amount of the outstanding 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. 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 Securityholder, or that may, in the sole judgment of the Trustee, give rise to or subject may involve the Trustee to in personal liability; provided -------- that the Trustee may take any other action deemed proper by the TrusteeTrustee 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 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. The Holders of not less than a majority in aggregate principal amount of the outstanding Securities 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. Subject to Section 7.01The Trustee, however, the Trustee may refuse to follow any direction that the Trustee determines (after consultation with counsel) conflicts with any law law, this Indenture or this Indenture, the Intercreditor Deed or that the Trustee determines may be is unduly prejudicial to the rights of another Securityholder, any other Holder or that may, in the sole judgment of the Trustee, give rise to or subject may involve the Trustee to in personal liability; liability or expense, provided that the Trustee may take any other action deemed proper by the TrusteeTrustee 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 be is entitled to indemnification and/or security satisfactory to 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 (Virgin Media Inc.)
Control by Majority. The Holders of not less than at least a majority in principal amount of the outstanding Securities 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. 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 SecurityholderHolder; provided, or that mayhowever, in the sole judgment of the Trustee, give rise to or subject the Trustee to personal liability; provided that the Trustee may take any other action deemed proper by the TrusteeTrustee 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 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 (Hi-Crush Inc.)
Control by Majority. The Holders of not less than a majority in aggregate principal amount of the Secured Notes then outstanding Securities may direct the time, method and place of conducting any proceeding for exercising any remedy available to the Trustee or exercising any trust or power conferred on it. Subject to Section 7.01, howeverHowever, the Trustee may refuse to follow any direction that conflicts with any law or this IndentureIndenture or the Security Agreements or, subject to Section 7.1 hereof, that the Trustee determines may be unduly prejudicial to the rights of another Securityholder, other Holders of Secured Notes or that may, in the sole judgment of the Trustee, give rise to or subject may involve the Trustee to in personal liability; provided that the Trustee may take any other action deemed proper by the TrusteeTrustee 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 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 (R&b Falcon Corp)
Control by Majority. The Holders of not less than a majority in principal amount of the outstanding 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. 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 Securityholder, or that may, in the sole judgment of the Trustee, give rise to or subject may involve the Trustee to in personal liability; provided that 66 -58- the Trustee may take any other action deemed proper by the TrusteeTrustee 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 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. The Holders of not less than a majority in principal amount of the outstanding 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. 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 Securityholder, or that may, in the sole judgment of the Trustee, give rise to or subject may involve the Trustee to in personal liability; provided that the Trustee may take any other action deemed proper by the TrusteeTrustee 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 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 (Vs Holdings Inc)
Control by Majority. The Holders of not less than a majority in principal amount of the outstanding Securities 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. 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 Securityholder, or that may, in the sole judgment of the Trustee, give rise to or subject may involve the Trustee to in personal liability; provided that the Trustee may take any other action deemed proper by the TrusteeTrustee 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 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. The Subject to the other provisions of this Indenture and applicable law, the Holders of not less than a majority in principal amount of the outstanding Securities 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. 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 SecurityholderHolder, or that may, in the sole judgment of the Trustee, give rise to or subject may involve the Trustee to in personal liability; provided provided, however, that the Trustee may take any other action deemed proper by the TrusteeTrustee 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 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 (PQ Systems INC)
Control by Majority. The Holders of not less than a majority in ------------------- aggregate principal amount of the outstanding 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. Subject to Section 7.01Sections 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 Securityholder, other Noteholders or that may, in the sole judgment of the Trustee, give rise to or subject may involve the Trustee to in personal liability; provided provided, however, that the Trustee may take any other action deemed proper by the TrusteeTrustee 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 it in its sole discretion against any loss or expense caused by taking such action or following such direction.
Appears in 1 contract