Control by Majority. The Holders of a majority in principal amount of the Securities will have the right to direct the time, method and place of conducting any proceeding for any remedy available to the Trustee or exercising any trust or power conferred on such Trustee, provided that (1) such direction is not in conflict with any rule of law or with this Indenture and (2) the Trustee may take any other action deemed proper by such Trustee that is not inconsistent with such direction.
Appears in 33 contracts
Sources: Indenture (Gene D. Yost & Son Inc.), Indenture (Chesapeake Louisiana Lp), Indenture (MidCon Compression LP)
Control by Majority. The Holders of at least a majority in principal amount of the outstanding Securities will have the right to of any 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 such Trusteeit. However, provided the Trustee may refuse to follow any direction that (1) such direction is not in conflict conflicts with any rule of law or with this Indenture and (2) Indenture, that the Trustee determines may be unduly prejudicial to the rights of other Holders or that may involve the Trustee in personal liability. The Trustee may take any other action deemed which it deems proper by such Trustee that which is not inconsistent with any such direction.
Appears in 26 contracts
Sources: Indenture (China Pharma Holdings, Inc.), Indenture (Reborn Coffee, Inc.), Indenture (ProMIS Neurosciences Inc.)
Control by Majority. The Holders of not less than a majority in principal amount of the outstanding Securities will have the right to 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 such Trusteeit. Subject to Section 7.1, provided that (1) such direction is not in conflict with any rule of law or with this Indenture and (2) however, the Trustee may take refuse to follow any other action deemed proper by such 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 is not inconsistent with such directionmay involve the Trustee in personal liability.
Appears in 9 contracts
Sources: Indenture (Clean Harbors Inc), Indenture (Clean Harbors Inc), Indenture (Clean Harbors Inc)
Control by Majority. The Majority Holders of a majority in principal amount of the Securities will have the right to 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 such Trusteeit. However, provided that (1) such direction is not in conflict with any rule of law or with this Indenture and (2) the Trustee may take refuse to follow any other action deemed proper by such Trustee direction that conflicts with law or this Indenture, that is unduly prejudicial to the rights of Holders not inconsistent with joining in such direction, or that would involve the Trustee in personal liability.
Appears in 8 contracts
Sources: Indenture Agreement (Sovereign Credit Finance Ii Inc), Indenture (Sovereign Credit Finance Ii Inc), Indenture (Sovereign Credit Finance I Inc)
Control by Majority. The Holders of a majority in principal amount of the then outstanding Securities will 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 such Trusteeit. However, provided the Trustee may refuse to follow any direction that (1) such direction is not in conflict conflicts with any rule of law or with this Indenture and (2) that the Trustee determines may be unduly prejudicial to the rights of other Holders or that may involve the Trustee in personal liability. The Trustee may take any other action deemed which it deems proper by such Trustee that which is not inconsistent with any such direction.
Appears in 8 contracts
Sources: Indenture (Tenet Healthcare Corp), Indenture (Tenet Healthcare Corp), Indenture (Tenet Healthcare Corp)
Control by Majority. The Holders of a majority in principal amount of the then outstanding Securities will have the right to 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 such Trusteeit. However, provided that (1) such direction is not in conflict with any rule of law or with this Indenture and (2) the Trustee may take refuse to follow any direction that conflicts with law or this Indenture that the Trustee determines may be unduly prejudicial to the rights of other action deemed proper by such Holders of Securities or that may involve the Trustee that is not inconsistent with such directionin personal liability.
Appears in 8 contracts
Sources: Indenture (Xm Satellite Radio Holdings Inc), Subordinated Indenture (Pegasus Communications Corp), Indenture (Ventas Inc)
Control by Majority. The Holders of a majority in principal amount of the Securities will have the right to 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 such Trusteeit. However, provided that (1) such direction is not in conflict with any rule of law or with this Indenture and (2) the Trustee may take refuse to follow any other action deemed proper by such Trustee direction that conflicts with law or this Indenture, that is not inconsistent with such directionunduly prejudicial to the rights of another Securityholder, as such, or that would involve the Trustee in personal liability.
Appears in 8 contracts
Sources: Indenture (Leucadia National Corp), Indenture (Leucadia National Corp), Indenture (Leucadia National Corp)
Control by Majority. The Holders of a majority in principal amount of the outstanding Securities of a series will have the right to direct the time, method and place of conducting any proceeding for any remedy available to the Trustee or exercising any trust or power conferred on such TrusteeTrustee with respect to Securities of such series, provided that (1) such direction is not in conflict with any rule of law or with this Indenture and (2) the Trustee may take any other action deemed proper by such Trustee that is not inconsistent with such direction.
Appears in 8 contracts
Sources: Indenture (Zion Oil & Gas Inc), Indenture (Zion Oil & Gas Inc), Indenture (Zion Oil & Gas Inc)
Control by Majority. The Holders of a majority in principal amount of the then outstanding Securities will have the right to 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 such Trusteeit. However, provided that (1) such direction is not in conflict with any rule of law or with this Indenture and (2) the Trustee may take refuse to follow any direction that conflicts with law or this Indenture, is unduly prejudicial to the rights of other action deemed proper by such Securityholders, or would involve the Trustee that is not inconsistent with such directionin personal liability.
Appears in 7 contracts
Sources: Indenture (Excel Legacy Corp), Indenture (Excel Legacy Corp), Indenture (Excel Legacy Corp)
Control by Majority. The Holders of a majority in principal amount of the then outstanding Securities will have the right to 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 such Trusteeit. However, provided the Trustee may refuse to follow any direction that (1) such direction is not in conflict conflicts with any rule of law or with this Indenture and (2) that the Trustee determines may be unduly prejudicial to the rights of other Holders or that may involve the Trustee in personal liability. The Trustee may take any other action deemed which it deems proper by such Trustee that which is not inconsistent with any such direction.
Appears in 7 contracts
Sources: Indenture (Tenet Healthcare Corp), Indenture (Tenet Healthcare Corp), Indenture (Tenet Healthcare Corp)
Control by Majority. The Holders of a majority in principal amount of the Outstanding Securities will have the right to 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 such the Trustee. However, provided the Trustee may refuse to follow any direction that (1) such direction is not in conflict conflicts with any rule of law or with this Indenture and (2) 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 Holders of Securities not joining in the giving of such direction, and may take any other action deemed it deems proper by such Trustee that is not inconsistent with any such directiondirection received from Holders of Securities.
Appears in 6 contracts
Sources: Indenture (Suzano Austria GmbH), Indenture (Suzano Austria GmbH), Indenture
Control by Majority. The Holders Noteholders of a majority in principal amount of the then-outstanding Securities will have the right to 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 such Trusteeit. However, provided that (1) such direction is not in conflict with any rule of law or with this Indenture and (2) the Trustee may take refuse to follow any direction that conflicts with law or this Indenture, is unduly prejudicial to the rights of other action deemed proper by such Noteholders, or would involve the Trustee that is not inconsistent with such directionin personal liability.
Appears in 6 contracts
Sources: Indenture (Intevac Inc), Indenture (Intevac Inc), Indenture (Intevac Inc)
Control by Majority. The Holders of a majority in principal amount of the Securities will have the right to then outstanding 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 such Trusteeit. However, the Trustee may refuse to follow any direction that conflicts with law or this Indenture; provided that (1) such direction is not in conflict with any rule of law or with this Indenture and (2) the Trustee may take any other action deemed proper by such the Trustee that which is not inconsistent with such direction.
Appears in 6 contracts
Sources: Indenture (Nco Group Inc), Indenture (Waste Connections Inc/De), Indenture (Incyte Pharmaceuticals Inc)
Control by Majority. The Holders Owners of a majority in principal amount of the Securities will have the right to 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 such it. The Trustee, provided however, may refuse to follow any direction that (1) such direction is not in conflict conflicts with any rule of law or with this Indenture and (2) Indenture, that is unduly prejudicial to the rights of other Security Owners, or that may involve the Trustee may take any other action deemed proper by such Trustee that is not inconsistent with such directionin personal liability.
Appears in 5 contracts
Sources: Trust Indenture (Cornerstone Ministries Investments Inc), Trust Indenture (Cornerstone Ministries Investments Inc), Trust Indenture (Pif/Cornerstone Ministries Investments Inc)
Control by Majority. The Holders of a majority in principal amount of the Securities will have the right to 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 such Trusteeit. However, provided the Trustee may refuse to follow any direction that (1) such direction is not in conflict conflicts with any rule of law or with this Indenture and (2) Indenture, that is unduly prejudicial to the rights of another Securityholder, as such, or that would involve the Trustee in personal liability; provided, that the Trustee may take any other action deemed proper by such Trustee that it which is not inconsistent with such direction.
Appears in 5 contracts
Sources: Indenture (Leucadia National Corp), Indenture (Leucadia National Corp), Indenture (Leucadia National Corp)
Control by Majority. The Holders Noteholders of a majority in principal amount of the then outstanding Securities will have the right to 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 such Trusteeit. However, provided that (1) such direction is not in conflict with any rule of law or with this Indenture and (2) the Trustee may take refuse to follow any direction that conflicts with law or this Indenture, is unduly prejudicial to the rights of other action deemed proper by such Noteholders, or would involve the Trustee that is not inconsistent with such directionin personal liability.
Appears in 5 contracts
Sources: Indenture (HMT Technology Corp), Indenture (Komag Inc /De/), Indenture (Coeur D Alene Mines Corp)
Control by Majority. The Holders of a majority in principal amount of the then outstanding Securities will have the right to 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 such Trusteeit. However, provided that (1) such direction is not in conflict with any rule of law or with this Indenture and (2) the Trustee may take refuse to follow any direction that conflicts with law or this Indenture, is unduly prejudicial to the rights of other action deemed proper by such Securityholders or would involve the Trustee that is not inconsistent with such directionin personal liability.
Appears in 5 contracts
Sources: Indenture (Del Webb Corp), Indenture (Del Webb Corp), Indenture (Del Webb Corp)
Control by Majority. The Holders of a majority in principal amount of the Securities will have the right to 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 such it. The Trustee, provided however, may refuse to follow any direction that (1) such direction is not in conflict conflicts with any rule of law or with this Indenture and (2) Indenture, that is unduly prejudicial to the rights of another Securityholder, that would involve the Trustee may take in personal liability, or if the Trustee does not have sufficient indemnification against any other action deemed proper by such Trustee that is not inconsistent with such directionloss or expense.
Appears in 5 contracts
Sources: Indenture (Lexington Precision Corp), Indenture (Lexington Precision Corp), Indenture (Lexington Precision Corp)
Control by Majority. The Holders of a majority in principal amount of the Securities will have the right to 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 such Trusteeit. However, provided that (1) such direction is not in conflict with any rule of law or with this Indenture and (2) the Trustee may take refuse to follow any direction that conflicts with law or this Indenture, or, subject to Section 7.01, that the Trustee determines is unduly prejudicial to the rights of other action deemed proper by such Holders of Securities or would involve the Trustee that is not inconsistent with such directionin personal liability.
Appears in 4 contracts
Sources: Indenture (Lockheed Martin Corp), Indenture (Lockheed Martin Corp), Indenture (Lockheed Martin Corp)
Control by Majority. The Holders of a majority in aggregate principal amount of the then outstanding Securities will have the right to 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 such Trusteeit. However, provided that (1) such direction is not in conflict with any rule of law or with this Indenture and (2) the Trustee may take refuse to follow any direction that conflicts with law or this Indenture, that the Trustee determines may be unduly prejudicial to the rights of other action deemed proper Holders, or that may involve the Trustee in personal liability, in each case as determined by such Trustee that is not inconsistent with such directionthe Trustee.
Appears in 4 contracts
Sources: Supplemental Indenture (Integrated Health Services Inc), Supplemental Indenture (Integrated Health Services Inc), Indenture (Integrated Health Services Inc)
Control by Majority. The Holders of a majority in aggregate principal amount of the Securities will have the right to then outstanding 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 such Trusteeit. However, the Trustee may refuse to follow any direction that conflicts with law or this Indenture, is unduly prejudicial to the rights of other Holders or would involve the Trustee in personal liability; provided that (1) such direction is not in conflict with any rule of law or with this Indenture and (2) the Trustee may take any other action deemed proper by such the Trustee that which is not inconsistent with such direction.
Appears in 4 contracts
Sources: Indenture (Charming Shoppes Inc), Indenture (Venator Group Inc), Indenture (Alexion Pharmaceuticals Inc)
Control by Majority. The Holders of a majority in aggregate principal amount of the Securities will have the right to then outstanding 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 such Trusteeit. However, the Trustee may refuse to follow any direction that conflicts with law or this Indenture, is unduly prejudicial to the rights of other Securityholders or would involve the Trustee in personal liability; provided that (1) such direction is not in conflict with any rule of law or with this Indenture and (2) the Trustee may take any other action deemed proper by such the Trustee that which is not inconsistent with such direction.
Appears in 4 contracts
Sources: Indenture (WebMD Health Corp.), Indenture (WebMD Health Corp.), Indenture (WebMD Health Corp.)
Control by Majority. The Holders of a majority in aggregate principal amount of the Outstanding Securities will shall have the right to direct the time, method and place of conducting any proceeding for any remedy available to the Trustee Trustee, or exercising any trust or power conferred on such the Trustee, provided that provided, however, that:
(1a) such direction is shall not be in conflict with any rule of law or with this Indenture and or any Security or expose the Trustee to personal liability; and
(2b) the Trustee may take any other action deemed proper by such the Trustee that which is not inconsistent with such direction.
Appears in 4 contracts
Sources: Indenture (Net Servicos De Comunicacao S A), Indenture (Net Servicos De Comunicacao S A), Indenture (Brazilian Communitary Antennae LTD)
Control by Majority. The Holders of a majority in principal amount of the Securities will have the right to then outstanding 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 such Trusteeit with respect to any default under the Securities. However, provided subject to Section 7.01, the Trustee may refuse to follow any direction that (1) such direction is not in conflict conflicts with any rule of law or with this Indenture and (2) Indenture, that is unduly prejudicial to the rights of another Holder of the Securities, or that would involve the Trustee may take any other action deemed proper by such Trustee that is not inconsistent with such directionin personal liability.
Appears in 4 contracts
Sources: Indenture (Mandalay Resort Group), Indenture (Mandalay Resort Group), Indenture (Mandalay Resort Group)
Control by Majority. The Holders of a majority in aggregate principal amount of the Securities will have at the right to time outstanding 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 such the Trustee. However, provided that (1) such direction is not in conflict with any rule of law or with this Indenture and (2) the Trustee may take refuse to follow any direction that conflicts with law or this Indenture or that the Trustee determines in good faith is unduly prejudicial to the rights of other action deemed proper by such Securityholders or would involve the Trustee that in personal liability unless the Trustee is not inconsistent with such direction.offered indemnity satisfactory to it. This
Appears in 4 contracts
Sources: Indenture (Sierra Health Services Inc), Indenture (Genesco Inc), Indenture (Omi Corp/M I)
Control by Majority. The Holders of a majority in principal amount of the Securities will have the right to then Outstanding 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 such Trusteeit. However, provided that (1) such direction is not in conflict with any rule of law or with this Indenture and (2) the Trustee may take refuse to follow any direction that conflicts with law or this Indenture, that the Trustee determines may be unduly prejudicial to the rights of other action deemed proper by such Holders, or that may involve the Trustee that is not inconsistent with such directionin personal liability.
Appears in 4 contracts
Sources: Indenture (Styrochem International LTD), Indenture (Styrochem International Inc), Indenture (Pci Carolina Inc)
Control by Majority. The Holders of a majority in principal amount of the Securities will have the right to 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 such Trusteeit. However, provided the Trustee may refuse to follow any direction that (1) such direction is not in conflict conflicts with any rule of law or with this Indenture Indenture, is unduly prejudicial to the rights of other Securityholders or would involve the Trustee in personal liability and (2) the Trustee may take any other action deemed proper by such the Trustee that which is not inconsistent with such direction.
Appears in 4 contracts
Sources: Indenture (Trans World Airlines Inc /New/), Indenture (Brand Scaffold Services Inc), Indenture (Continental Homes Holding Corp)
Control by Majority. The Holders of a majority in principal amount of the Securities will have the right to then outstanding 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 such it. However, the Trustee may refuse to follow any direction that conflicts with law or this Indenture, that the Trustee determines may be unduly prejudicial to the rights of another Securityholder or the Trustee, or that may involve the Trustee in personal liability; provided that (1) such direction is not in conflict with any rule of law or with this Indenture and (2) the Trustee may take any other action deemed proper by such the Trustee that which is not inconsistent with such direction.
Appears in 3 contracts
Sources: Indenture (Sterling Software Inc), Indenture (Birner Dental Management Services Inc), Convertible Subordinated Debenture Indenture (Birner Dental Management Services Inc)
Control by Majority. The Holders of a majority in principal amount of the Securities will have the right to 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 such Trusteeit. However, provided that (1) such direction is not in conflict with any rule of law or with this Indenture and (2) the Trustee may take refuse to follow any direction that conflicts with law or this Indenture, is unduly prejudicial to the rights of other action deemed proper by such Holders of Securities, or would involve the Trustee that is not inconsistent with such directionin personal liability.
Appears in 3 contracts
Sources: Indenture (1st FRANKLIN FINANCIAL CORP), Indenture (First Franklin Financial Corp), Indenture (First Franklin Financial Corp)
Control by Majority. The Subject to Section 7.01(e), the Holders of a majority in principal amount of the then outstanding Securities will have the right to 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 such Trusteeit by this Indenture. However, provided that (1) such direction is not in conflict with any rule of law or with this Indenture and (2) the Trustee may take refuse to follow any direction that conflicts with law or this Indenture, that the Trustee determines may be unduly prejudicial to the rights of other action deemed proper by such Holders, or would involve the Trustee that is not inconsistent with such directionin personal liability.
Appears in 3 contracts
Sources: Indenture (Jordan Industries Inc), Indenture (Jordan Industries Inc), Indenture (Jordan Industries Inc)
Control by Majority. The Holders of a majority in principal amount of the Securities will have the right to then outstanding 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 such Trusteeit. However, the Trustee may refuse to follow any direction that conflicts with law or this Indenture, that the Trustee determines may be unduly prejudicial to the rights of another Securityholder, or that may involve the Trustee in personal liability; provided that (1) such direction is not in conflict with any rule of law or with this Indenture and (2) the Trustee may take any other action deemed proper by such the Trustee that which is not inconsistent with such direction.
Appears in 3 contracts
Sources: Indenture (Westmoreland Coal Co), Indenture (Smurfit Stone Container Corp), Indenture (Smurfit Stone Container Corp)
Control by Majority. The Holders of a majority in aggregate principal amount of the then outstanding Securities will have the right to 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 such Trusteeit. However, provided the Trustee may refuse to follow any direction that (1) such direction is not in conflict conflicts with any rule of law or with this Indenture and (2) that the Trustee determines may be unduly prejudicial to the rights of other Holders or that may involve the Trustee in personal liability. The Trustee may take any other action deemed which it deems proper by such Trustee that which is not inconsistent with any such direction.
Appears in 3 contracts
Sources: Indenture (Vencor Inc), Indenture (Vencor Inc), Indenture (Republic Group Inc)
Control by Majority. The Holders of a majority in principal amount of the then outstanding Securities will have the right to 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 such Trusteeit. However, provided that (1) such direction is not in conflict with any rule of law or with this Indenture and (2) the Trustee may take refuse to follow any direction that conflicts with law or this Indenture, that the Trustee determines may be unduly prejudicial to the rights of other action deemed proper by such Holders, or that may involve the Trustee that is not inconsistent with such directionin personal liability.
Appears in 3 contracts
Sources: Indenture (Primedia Inc), Indenture (Vegeterian Times Inc), Indenture (Vegeterian Times Inc)
Control by Majority. The Holders of a majority in principal amount of the then outstanding Securities will have the right to 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 such Trusteeit hereunder. However, provided that (1) such direction is not in conflict with any rule of law or with this Indenture and (2) the Trustee may take refuse to follow any direction that conflicts with applicable law or this Indenture, that the Trustee determines may be unduly prejudicial to the rights of other action deemed proper by such Holders, or that may involve the Trustee that is not inconsistent with such directionin personal liability.
Appears in 3 contracts
Sources: Indenture (Barrett Resources Corp), Indenture (Newfield Exploration Co /De/), Indenture (Barrett Resources Corp)
Control by Majority. The Holders of a majority in principal amount of the outstanding Securities will have the right to 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 such Trusteeit. However, provided the Trustee may refuse to follow any direction that (1) such direction is not in conflict conflicts with any rule of law or with this Indenture and (2) that the Trustee determines may be unduly prejudicial to the rights of another Securityholder or that may involve the Trustee in personal liability; provided, that the Trustee may take any other action deemed proper by such the Trustee that which is not inconsistent with such direction.
Appears in 3 contracts
Sources: Indenture (Specialty Chemical Resources Inc), Indenture (Specialty Chemical Resources Inc), Indenture (Specialty Chemical Resources Inc)
Control by Majority. The Holders of a majority in principal amount of the outstanding Securities will have the right to direct the time, method and place of conducting any proceeding for any remedy available to the Trustee or exercising any trust or power conferred on such Trusteethe Trustee with respect to the Securities, provided that (1) such direction is not in conflict with any rule of law or with this Indenture and (2) the Trustee may take any other action deemed proper by such Trustee that is not inconsistent with such direction.
Appears in 2 contracts
Sources: Indenture (Chesapeake Energy Corp), Indenture (Chesapeake Energy Corp)
Control by Majority. The Holders of a majority in aggregate principal amount of the Outstanding Securities will shall have the right to direct the time, method and place of conducting any proceeding for any remedy available to the Trustee Trustee, or exercising any trust or power conferred on such the Trustee, provided that provided, however, that:
(1a) such direction is shall not be in conflict with any rule of law or with this Indenture and or the Escrow Agreement or any Security or expose the Trustee to personal liability; and
(2b) the Trustee may take any other action deemed proper by such the Trustee that which is not inconsistent with such direction.
Appears in 2 contracts
Sources: Indenture (Optel Inc), Indenture (Optel Inc)
Control by Majority. The Holders of a majority in principal amount of the Securities will have the right to 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 such it. The Trustee, provided however, may refuse to follow any direction that (1) such direction is not in conflict conflicts with any rule of law or with this Indenture and (2) Indenture, that is unduly prejudicial to the rights of other Securityholders or that may involve the Trustee may take any other action deemed proper by such Trustee that is not inconsistent with such directionin personal liability.
Appears in 2 contracts
Sources: Indenture (Genesis Financial Group Inc \Va\), Promissory Note (Genesis Financial Group Inc \Va\)
Control by Majority. The Holders of a majority in aggregate principal amount of the Outstanding Securities will shall have the right to direct the time, method and place of conducting any proceeding for any remedy available to the Trustee Trustee, or exercising any trust or power conferred on such the Trustee, provided that provided, however, that:
(1a) such direction is shall not be in conflict with any rule of law or with this Indenture and Indenture, any Security or any Guarantee or expose the Trustee to personal liability; and
(2b) the Trustee may take any other action deemed proper by such the Trustee that which is not inconsistent with such direction.
Appears in 2 contracts
Sources: Indenture (Blue Bird Corp), Indenture (Paging Network Do Brazil Sa)
Control by Majority. The Holders of a majority in principal amount of the outstanding Securities will shall have the right to direct the time, method and place of conducting any proceeding for any remedy available to the Trustee or exercising any trust or power conferred on such Trustee, ; provided that (1a) such direction is not in conflict with any rule of law or with this Indenture and Indenture, (2b) the Trustee may take any other action deemed it deems proper by such Trustee that is not inconsistent with such directiondirection and (c) such Holders have offered to the Trustee indemnity as provided in Section 7.1(e).
Appears in 2 contracts
Sources: Indenture (Key Energy Group Inc), Indenture (Key Energy Group Inc)
Control by Majority. The Holders of a majority in principal amount of the Securities will have the right to then outstanding 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 such Trusteeit. However, provided the Trustee may refuse to follow any direction that (1) such direction is not in conflict conflicts with any rule of law or with this Indenture Indenture, that the Trustee determines is unduly prejudicial to the rights of other Securityholders or would involve the Trustee in personal liability and (2) the Trustee may take any other action deemed proper by such the Trustee that which is not inconsistent with such direction.
Appears in 2 contracts
Sources: Indenture (Pembroke Falls Realty Trust), Indenture (Biltmore South Corp)
Control by Majority. The Holders of a majority in principal amount of the Securities will have the right to 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 such the Trustee. However, provided that (1) such direction is not in conflict with any rule of law or with this Indenture and (2) the Trustee may take refuse to follow any direction that conflicts with law or this Indenture or, subject to Section 7.01, that the Trustee determines is unduly prejudicial to the rights of other action deemed proper by such Trustee that is not inconsistent with such direction.Securityholders or would
Appears in 1 contract
Sources: Indenture (SFG Capital Corp)
Control by Majority. The Holders of a majority in principal amount of the Securities will have the right to direct the time, method and place of conducting any proceeding for any remedy available to the Trustee or exercising any trust or power conferred on such Trustee, provided that (1) such direction is not in conflict with any rule of law or with this Indenture and (2) the Trustee may take refuse to follow any 52 direction that (i) conflicts with law or this Indenture, (ii) is unduly prejudicial to the rights of other action deemed proper by such Holders, or (iii) may involve the Trustee that is not inconsistent with such directionin personal liability.
Appears in 1 contract
Control by Majority. The Holders of a majority in principal amount of the Securities will have the right to direct the time, method and place of conducting any proceeding for any remedy available to the Trustee or exercising any trust or power conferred on such Trustee, provided that (1) such direction is not in conflict with any rule of law or with this Indenture or the Pledge Agreement and (2) the Trustee may take any other action deemed proper by such Trustee that is not inconsistent with such direction.
Appears in 1 contract
Sources: Indenture (Gothic Energy Corp)
Control by Majority. The Holders of a majority in principal amount of the Securities will have the right to then outstanding 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 such Trusteeit. However, provided the Trustee may refuse to follow any direction that (1) such direction is not in conflict conflicts with any rule of law or with this Indenture and (2) Indenture; PROVIDED that the Trustee may take any other action deemed proper by such the Trustee that which is not inconsistent with such direction.
Appears in 1 contract
Sources: Indenture (Pinnacle Holdings Inc)
Control by Majority. The Holders of a majority in principal amount at maturity of the Securities will have the right to 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 such the Trustee. However, provided that (1) such direction is not in conflict with any rule of law or with this Indenture and (2) the Trustee may take refuse to follow any other action deemed proper by such Trustee direction that is not inconsistent conflicts with such direction.law or this Indenture or,
Appears in 1 contract
Sources: Indenture (Ero Marketing Inc)
Control by Majority. The Holders of a majority in ------------------- aggregate principal amount of the Outstanding Securities will shall have the right to direct the time, method and place of conducting any proceeding for any remedy available to the Trustee Trustee, or exercising any trust or power conferred on such the Trustee, provided that provided, however, that:
(1a) such direction is shall not be in conflict with any rule of law or with this Indenture and Indenture, any Security or any Security Guarantee or expose the Trustee to personal liability; and
(2b) the Trustee may take any other action deemed proper by such the Trustee that which is not inconsistent with such direction.
Appears in 1 contract
Sources: Indenture (MTL Inc)
Control by Majority. The Holders of at least a majority in principal amount of the Securities will have the right to then outstanding 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 such Trusteeit. However, provided that (1) such direction is not in conflict with any rule of law or with this Indenture and (2) the Trustee may take refuse to follow any direction that conflicts with law or this Indenture, that the Trustee determines may be unduly prejudicial to the rights of other action deemed proper by such Holders or that may involve the Trustee that is not inconsistent with such directionin personal liability.
Appears in 1 contract
Sources: Indenture (Lear Corp /De/)
Control by Majority. The Holders of a majority in principal amount of the then outstanding Securities will have the right to 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 such Trusteeit. However, provided that (1) such direction is not in conflict with any rule of law or with this Indenture and (2) the Trustee may take refuse to follow any direction that conflicts with law or this Indenture, is unduly prejudicial to the rights of other action deemed proper by such Holders, or would involve the Trustee that is not inconsistent with such directionin personal liability.
Appears in 1 contract
Control by Majority. The Holders of a majority in principal amount of the Securities will have the right to 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 such Trusteeit. However, provided that (1) such direction is not in conflict with any rule of law or with this Indenture and (2) the Trustee may take refuse to follow any direction that conflicts with law or this Indenture or is unduly prejudicial to the rights of other action deemed proper by such Trustee that is not inconsistent with such directionSecurityholders.
Appears in 1 contract
Control by Majority. The Holders of a majority in aggregate principal amount at maturity of the Outstanding Securities will shall have the right to direct the time, method and place of conducting any proceeding for any remedy available to the Trustee Trustee, or exercising any trust or power conferred on such the Trustee, provided that provided, however, that:
(1a) such direction is shall not be in conflict with any rule of law or with this Indenture and or any Security or expose the Trustee to personal liability; and
(2b) the Trustee may take any other action deemed proper by such the Trustee that which is not inconsistent with such direction.
Appears in 1 contract
Sources: Indenture (Golden Sky DBS Inc)
Control by Majority. The Holders of a majority in aggregate principal amount of the Securities will have at the right to time outstanding 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 such the Trustee. However, provided that (1) such direction is not in conflict with any rule of law or with this Indenture and (2) the Trustee may take refuse to follow any direction that conflicts with law or this Indenture or that the Trustee determines in good faith is prejudicial to the rights of other action deemed proper by such Holders or would involve the Trustee that in personal liability unless the Trustee is not inconsistent with such direction.provided indemnity satisfactory to
Appears in 1 contract
Sources: Indenture (Komag Inc /De/)
Control by Majority. The Subject to Section 2.12, the Holders of a majority in principal amount of the outstanding Securities will have the right to 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 such Trusteeit. However, provided that (1) such direction is not in conflict with any rule of law or with this Indenture and (2) the Trustee may take refuse to follow any other action deemed proper by such Trustee that is not inconsistent with such direction.direction 68
Appears in 1 contract
Control by Majority. The Holders of a majority in principal amount of the Securities will have the right to direct the time, method and place of conducting any proceeding for any remedy available to the Trustee or exercising any trust or power conferred on such Trustee, provided PROVIDED that (1) such direction is not in conflict with any rule of law or with this Indenture and (2) the Trustee may take any other action deemed proper by such Trustee that is not inconsistent with such direction.
Appears in 1 contract
Sources: Indenture (Chesapeake Energy Corp)
Control by Majority. The Holders of a majority in aggregate principal amount of the Securities will have at the right to time outstanding 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 such the Trustee. However, provided that (1) such direction is not in conflict with any rule of law or with this Indenture and (2) the Trustee may take refuse to follow any direction that conflicts with law or this Indenture or that the Trustee determines in good faith is unduly prejudicial to the rights of other action deemed proper by such Securityholders or would involve the Trustee that in personal liability unless the Trustee is not inconsistent with such directionoffered indemnity reasonably satisfactory to it.
Appears in 1 contract
Control by Majority. The Holders of a majority in principal amount of the then outstanding Securities will have the right to 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 such Trusteeit. However, provided that (1) such direction is not in conflict with any rule of law or with this Indenture and (2) the Trustee may take refuse to follow any direction that conflicts with law or this Indenture, that the Trustee determines may be unduly prejudicial to the rights of other action deemed proper by such Holders or that may involve the Trustee that is not inconsistent with such directionin personal liability.
Appears in 1 contract
Control by Majority. The Holders of a majority in principal amount Principal Amount of the Securities will have the right to 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 such the Trustee. However, provided that (1) such direction is not in conflict with any rule of law or with this Indenture and (2) the Trustee may take refuse to follow any direction that conflicts with law or this Indenture or, subject to Section 7.01, that the Trustee determines is unduly prejudicial to the rights of any other action deemed proper by such Holder or that would subject the Trustee that to personal liability, unless the Trustee is not inconsistent with such directionoffered indemnity reasonably satisfactory to it.
Appears in 1 contract
Control by Majority. The Holders of a majority in principal amount of the Securities will have the right to then outstanding 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 such Trusteeit. However, the Trustee may refuse to 51 57 follow any direction that conflicts with law or this Indenture; provided that (1) such direction is not in conflict with any rule of law or with this Indenture and (2) the Trustee may take any other action deemed proper by such the Trustee that which is not inconsistent with such direction.
Appears in 1 contract
Sources: Indenture (Waste Connections Inc/De)
Control by Majority. The Holders of at least a majority in aggregate principal amount of the outstanding Securities will have the right may, subject to Section 7.02(iv), 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 such the Trustee. However, provided that (1) such direction is not in conflict with any rule of law or with this Indenture and (2) the Trustee may take any other action deemed proper by such Trustee that is not inconsistent with such direction.refuse to
Appears in 1 contract
Sources: Senior Notes Indenture (Impsat Corp)
Control by Majority. The Holders of at least a majority in aggregate principal amount of the Outstanding Securities will have the right to 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 such the Trustee, ; provided that (1) such the Trustee may refuse to follow any direction is not in conflict that conflicts with any rule of law or with this Indenture or that shall expose the Trustee to personal liability; and (2) provided further that the Trustee may take any other action deemed it deems proper by such Trustee that is not inconsistent with such direction.any directions received from Holders of Securities pursuant to this Section 7.05. SECTION
Appears in 1 contract
Sources: Indenture (Teekay Shipping Corp)
Control by Majority. The Holders of a majority in aggregate principal amount of the Outstanding Securities will shall have the right to direct the time, method and place of conducting any proceeding for any remedy available to the Trustee Trustee, or exercising any trust or power conferred on such the Trustee, provided that provided, however, that:
(1a) such direction is shall not be in conflict with any rule of law or with this Indenture and Indenture, the Escrow Agreement or any Security or expose the Trustee to personal liability; and
(2b) the Trustee may take any other action deemed proper by such the Trustee that which is not inconsistent with such direction.
Appears in 1 contract
Sources: Indenture (Golden Sky Systems Inc)
Control by Majority. The Holders of a majority in principal amount of the Securities will have the right to direct the time, method and place of conducting any proceeding for any remedy available to the Trustee or exercising exer cising any trust or power conferred on such Trustee, provided that (1) such direction is not in conflict with any rule of law or with this Indenture and (2) the Trustee may take any other action deemed proper by such Trustee that is not inconsistent with such direction.
Appears in 1 contract
Sources: Indenture (Forman Petroleum Corp)
Control by Majority. The Holders of a majority in aggregate principal amount of the Outstanding Securities will shall have the right to direct the time, method and place of conducting any proceeding for any remedy available to the Trustee Trustee, or exercising any 64 -57- trust or power conferred on such the Trustee, provided that provided, however, that:
(1a) such direction is shall not be in conflict with any rule of law or with this Indenture and or any Security or expose the Trustee to personal liability; and
(2b) the Trustee may take any other action deemed proper by such the Trustee that which is not inconsistent with such direction.
Appears in 1 contract
Sources: Indenture (Westpoint Stevens Inc)
Control by Majority. The Holders of at least a majority in aggregate principal amount of the outstanding Securities will have the right to 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 such the Trustee. However, provided that (1) such direction is not in conflict with any rule of law or with this Indenture and (2) the Trustee may take refuse to follow any other action deemed proper direction that the Trustee is advised by such counsel conflicts with law or this Indenture, that may involve the Trustee in personal liability or that is the Trustee determines in good faith may be unduly prejudicial to the rights of Holders not inconsistent with joining in the giving of such direction.
Appears in 1 contract
Sources: Indenture (Silgan Holdings Inc)
Control by Majority. The Holders of a majority in principal amount of the then outstanding Securities will have the right to 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 such the Trustee. However, provided the Trustee may refuse to follow any direction that (1) such direction is not in conflict conflicts with any rule of law or with this Indenture and (2) Indenture, that is unduly prejudicial to the rights of other Securityholders, or would involve the Trustee in personal liability. The Trustee may take any other action deemed proper by such the Trustee that which is not inconsistent with such direction.
Appears in 1 contract
Control by Majority. The Holders of a majority in principal amount of the Securities will have the right to direct the time, method and place of conducting any proceeding for any remedy available to the Trustee or exercising any trust or power conferred on such Trustee, provided that (1) such direction is not in conflict with any rule of law or with this Indenture or any Security Document and (2) the Trustee may take any other action deemed proper by such Trustee that is not inconsistent with such direction.
Appears in 1 contract
Sources: Indenture (Gothic Energy Corp)
Control by Majority. The Holders of a majority in principal amount of the Securities will have the right to direct the time, method and place of conducting any proceeding for any remedy available to the Trustee or exercising any trust or power conferred on such Trustee, provided that (1) such direction is not in conflict with any rule of law or with this Indenture and (2) the Trustee may take refuse to follow any direction that (i) conflicts with law or this Indenture, (ii) is unduly prejudicial to the rights of other action deemed proper by such Holders, or (iii) may involve the Trustee that is not inconsistent with such directionin personal liability.
Appears in 1 contract
Sources: Indenture (Dailey International Inc)
Control by Majority. The Holders of a majority in aggregate principal amount of the Outstanding Securities will shall have the right to direct the time, method and place of conducting any proceeding for any remedy available to the Trustee Trustee, or exercising any 64 - 57 - trust or power conferred on such the Trustee, provided that provided, however, that:
(1a) such direction is shall not be in conflict with any rule of law or with this Indenture and or any Security or expose the Trustee to personal liability; and
(2b) the Trustee may take any other action deemed proper by such the Trustee that which is not inconsistent with such direction.
Appears in 1 contract
Sources: Indenture (Westpoint Stevens Inc)
Control by Majority. The Holders of a majority in principal amount of the Securities will have the right to 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 such Trusteeit. However, provided that (1) such direction is not in conflict with any rule of law or with this Indenture and (2) the Trustee may take refuse to follow any direction that conflicts with law or this Indenture or, subject to Section 7.1, that the Trustee determines is unduly prejudicial to the rights of other action deemed proper by such Securityholders, or would involve the Trustee that is not inconsistent with such directionin personal liability.
Appears in 1 contract
Sources: Indenture (Titan Corp)
Control by Majority. The Holders of a majority in aggregate principal amount of the Outstanding Securities will shall have the right to direct the time, method and place of conducting any proceeding for any remedy available to the Trustee Trustee, or exercising any trust or power conferred on such the Trustee, provided that provided, however, that:
(1a) such direction is shall not be in conflict with any rule of law or with this Indenture and Indenture, any Security or any Security Guarantee or expose the Trustee to personal liability; and
(2b) the Trustee may take any other action deemed proper by such the Trustee that which is not inconsistent with such direction.
Appears in 1 contract
Control by Majority. The Holders of a majority in principal amount of the Securities will have the right to direct the time, method and place of conducting any proceeding for any remedy available to the Trustee or exercising any trust or power conferred on such Trustee, 40 provided that (1) such direction is not in conflict with any rule of law or with this Indenture and (2) the Trustee may take any other action deemed proper by such Trustee that is not inconsistent with such direction.
Appears in 1 contract
Control by Majority. The Holders of a majority in principal amount of the Securities will then outstanding 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 such Trustee, provided that (1) such direction is not in conflict with any rule of law or with this Indenture and (2) the Trustee may take any other action deemed proper by such Trustee that is not inconsistent with such direction.
Appears in 1 contract
Sources: Indenture (Michael Petroleum Corp)
Control by Majority. The Holders of a majority in aggregate principal amount of the then outstanding Securities will have the right to 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 such Trusteeit. However, provided that (1) such direction is not in conflict with any rule of law or with this Indenture and (2) the Trustee may take refuse to follow any other action deemed proper by such direction that conflicts with law or this Indenture or would involve the Trustee that is not inconsistent with such directionin personal liability.
Appears in 1 contract
Sources: Form 8 A
Control by Majority. The Holders of a majority in principal amount of the Securities then outstanding will have the right right, by an instrument or concurrent instruments in writing executed and delivered to the Trustee, to direct the time, method and place of conducting any proceeding for exercising any remedy available to the Trustee under this Indenture or exercising any trust or power conferred on such Trustee, provided that (1i) such direction is not in conflict with any rule of law or with this Indenture and (2ii) the Trustee may take any other action deemed proper by such Trustee that is not inconsistent with such direction.
Appears in 1 contract
Sources: Indenture (Giant Industries Inc)
Control by Majority. The Holders of a majority in principal amount of the Securities will have the right to may direct the time, method and place of conducting any proceeding for exercising any remedy available to the Trustee or the Noteholder Collateral Agent or of exercising any trust or power conferred on such Trustee, provided that (1) such direction is not in conflict with any rule of law or with this Indenture and (2) the Trustee may take any other action deemed proper by such Trustee that is not inconsistent with such direction.or the
Appears in 1 contract
Sources: Indenture (Us Concrete Inc)