Common use of Control by Majority Clause in Contracts

Control by Majority. The Holders of not less than a majority in principal amount of the then outstanding Notes may direct the time, method and place of conducting any proceeding for exercising any remedy available to the Trustee or exercising any trust or power conferred on the 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 in good faith may be unduly prejudicial to the rights of another Holder, or that may involve the Trustee in personal liability; provided that the Trustee may take any other action deemed proper by the Trustee which is not inconsistent with such direction. In the event the Trustee takes any action or follows any direction pursuant to this Indenture, the Trustee shall be entitled to indemnification against any loss or expense caused by taking such action or following such direction.

Appears in 8 contracts

Sources: Indenture (Navios South American Logistics Inc.), Indenture (Navios Maritime Holdings Inc.), Indenture (Navios Maritime Acquisition CORP)

Control by Majority. The Holders of not less than a majority in principal amount of the then outstanding Notes may direct the time, method and place of conducting any proceeding for exercising any remedy available to the Trustee or of exercising any trust or power conferred on the 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 in good faith may be is unduly prejudicial to the rights of another Holder, other Holders or that may would involve the Trustee in personal liability; provided provided, however, that the Trustee may take any other action deemed proper by the Trustee which that is not inconsistent with such direction. In the event the Trustee takes Prior to taking any such action or follows any direction pursuant to this Indenturehereunder, the Trustee shall be entitled to indemnification satisfactory to it 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 8 contracts

Sources: Indenture (Trinseo S.A.), Indenture (GCP Applied Technologies Inc.), Indenture (Trinseo S.A.)

Control by Majority. The Holders of not less than a majority in aggregate principal amount of the then outstanding Notes may direct the time, method and place of conducting any proceeding for exercising any remedy available to the Trustee or exercising any trust or power conferred on the Trusteeit. Subject However, subject to Section 7.01, however7.01 hereof, the Trustee may refuse to follow any direction that conflicts with any law or this Indenture, Indenture that the Trustee determines in good faith may be unduly prejudicial to the rights of another Holder, other Holders of Notes or that may involve the Trustee in personal liability; provided that the . The Trustee may take any other action deemed which it deems proper by the Trustee and which is not inconsistent with any 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 against any loss or expense caused by taking such action or following such direction.

Appears in 7 contracts

Sources: Indenture (Playa Hotels & Resorts N.V.), Indenture (Playa Hotels & Resorts B.V.), Indenture (Vail Resorts Inc)

Control by Majority. The Holders of not less than a majority in aggregate principal amount of the then outstanding Notes may direct the time, method and place of conducting any proceeding for exercising any remedy available to the Trustee or of exercising any trust or power conferred on the 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 in good faith may be is unduly prejudicial to the rights of another Holder, other Holders or that may would involve the Trustee in personal liability; provided provided, however, that the Trustee may take any other action deemed proper by the Trustee which that is not inconsistent with such direction. In the event the Trustee takes Prior to taking any such action or follows any direction pursuant to this Indenturehereunder, the Trustee shall be entitled to indemnification satisfactory to it, in its sole discretion, against any loss or expense all fees, losses, liabilities and expenses (including attorney’s fees and expenses) caused by taking or not taking such action or following such directionaction.

Appears in 6 contracts

Sources: Indenture (Carvana Co.), Indenture (Carvana Co.), Indenture (Carvana Co.)

Control by Majority. The Holders of not less than a majority in aggregate principal amount of the then outstanding Notes may direct the time, method and place of conducting any proceeding for exercising any remedy available to the U.S. Trustee or of exercising any trust or power conferred on the U.S. Trustee. Subject to Section 7.01However, however, the each Trustee may refuse to follow any direction that conflicts with any law or this IndentureIndenture or, subject to Section 7.1, that the each Trustee determines in good faith may be is unduly prejudicial to the rights of another Holder, other Holders or that may would involve the each Trustee in personal liability; provided provided, however, that the each Trustee may take any other action deemed proper by the such Trustee which that is not inconsistent with such direction. In the event the Trustee takes Prior to taking any action or follows any direction pursuant to this Indenturehereunder, the each 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 6 contracts

Sources: Indenture (Open Text Corp), Indenture (Open Text Corp), Indenture (Open Text Corp)

Control by Majority. The Holders of not less than a majority in principal amount of the then outstanding Notes may direct the time, method and place of conducting any proceeding for exercising any remedy available to the Trustee or exercising any trust or power conferred on the 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 in good faith may be unduly prejudicial to the rights of another Holderany other Noteholder, or that may involve the Trustee in personal liability; provided that the Trustee may take any other action deemed proper by the Trustee which is not inconsistent with such direction. In the event the Trustee takes any action or follows any direction pursuant to this Indenture, the Trustee shall be entitled to indemnification satisfactory to 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 then outstanding Notes may direct the time, method and place of conducting any proceeding for exercising any remedy available to the Trustee or of exercising any trust or power conferred on the 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 in good faith may be is unduly prejudicial to the rights of another Holder, other Holders or that may would involve the Trustee in personal liability; provided provided, however, that the Trustee may take any other action deemed proper by the Trustee which that is not inconsistent with such direction. In the event the Trustee takes Prior to taking any such action or follows any direction pursuant to this Indenturehereunder, the Trustee or Agent shall be entitled to indemnification satisfactory to it against any loss or expense all fees, losses and expenses (including attorney’s fees and expenses) caused by taking or not taking such action or following such directionaction.

Appears in 6 contracts

Sources: Indenture (Churchill Downs Inc), Indenture (Churchill Downs Inc), Indenture (CHURCHILL DOWNS Inc)

Control by Majority. The Holders of not less than a majority in aggregate principal amount of the then outstanding Notes may direct the time, method and place of conducting any proceeding for exercising any remedy available to the Trustee or exercising any trust or power conferred on the Trusteeit. 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 in good faith may be unduly prejudicial to the rights of another Holder, other Holders of Notes or that may involve the Trustee in personal liability; provided provided, further, that the Trustee may take any other action deemed proper by the Trustee which that is not inconsistent with such direction. In the event the Trustee takes Prior to taking any action or follows any direction pursuant to under this IndentureSection 6.05, the Trustee shall be entitled to indemnification security or indemnity from the Holders satisfactory to it 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 (Delek Logistics Partners, LP), Indenture (Delek Logistics Partners, LP), Indenture (Delek Logistics Partners, LP)

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

Appears in 5 contracts

Sources: Senior Indenture (NXP Semiconductors N.V.), Senior Indenture (NXP Semiconductors N.V.), Senior Indenture (NXP Semiconductors N.V.)

Control by Majority. The Holders of not less than a majority in principal amount of the then outstanding Notes may direct the time, method and place of conducting any proceeding for exercising any remedy available to the Trustee or of exercising any trust or power conferred on the 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 and Section 7.02 hereof, that the Trustee determines in good faith may be unduly is prejudicial to the rights of another Holder, other Noteholders or that may would involve the Trustee in personal liability; provided provided, however, that the Trustee may take any other action deemed proper by the Trustee which that is not inconsistent with such direction. In the event the Trustee takes Prior to taking any action or follows any direction pursuant to this Indenturehereunder, the Trustee shall be entitled to indemnification satisfactory to 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 (Bunge LTD), Indenture (Bunge LTD), Indenture (Bunge LTD)

Control by Majority. The Holders of not less than a majority in principal amount of the then outstanding Notes may direct the time, method and place of conducting any proceeding for exercising any remedy available to the Trustee or exercising any trust or power conferred on the Trusteeit. Subject to Section 7.019.01, however, the Trustee may refuse to follow any direction that conflicts with any law or this Indenture, that the Trustee determines in good faith may be unduly prejudicial to the rights of another Holder, or that may involve the Trustee in personal liability; provided provided, that the Trustee may take any other action deemed proper by the Trustee which is not inconsistent with such direction. In the event the Trustee takes any action or follows any direction pursuant to this Indenture, the Trustee shall be entitled to indemnification against any loss or expense caused by taking such action or following such direction.

Appears in 5 contracts

Sources: Indenture (Us Concrete Inc), Indenture (Bode Concrete LLC), Indenture (Bode Concrete LLC)

Control by Majority. The Holders of not less than a majority in principal amount of the then Notes outstanding Notes may direct the time, method and place of conducting any proceeding for exercising any remedy available to the Trustee or of exercising any trust or power conferred on the 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 in good faith may be is unduly prejudicial to the rights of another Holder, any other Holder or that may would involve the Trustee in personal liability; provided provided, however, that the Trustee may take any other action deemed proper by the Trustee which that is not inconsistent with such direction. In the event the Trustee takes Prior to taking any action or follows any direction pursuant to under this Indenture, the Trustee shall be entitled to indemnification satisfactory to 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 (Graham Packaging Holdings Co), Indenture (Rural Metro Corp /De/), Indenture (Graham Packaging Holdings Co)

Control by Majority. The Holders of not less than at least a majority in aggregate principal amount of the then outstanding Notes may direct the time, method and place of conducting any proceeding for exercising any remedy available to the Trustee or exercising any trust or power conferred on the Trustee. Subject to Section 7.01, howeverHowever, the Trustee may refuse to follow any direction that conflicts with any law law, this Indenture or this Indenturethe Security Documents, 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 HolderHolders not joining in the giving of such direction, or that may involve the Trustee in personal liability; provided that the Trustee and may take any other action deemed it deems proper by the Trustee which that is not inconsistent with any such directiondirection received from such Holders. In the event the Trustee takes Prior to taking any action or follows any direction pursuant to under this IndentureSection 6.05, the Trustee shall will be entitled to security and/or indemnification satisfactory to it in its sole direction 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 (Yin Jia Investments LTD), Indenture (Yin Jia Investments LTD), Indenture (Yin Jia Investments LTD)

Control by Majority. The Holders of not less than a majority in aggregate principal amount of the then outstanding Notes of a series may direct in writing the time, method and place of conducting any proceeding for exercising any remedy available to the Trustee or exercising to exercise any trust or power conferred on the 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 in good faith may be is unduly prejudicial to the rights of another Holder, other Holders or that may would involve the Trustee in personal liability; provided provided, however, that the Trustee may take any other action deemed proper by the Trustee which that is not inconsistent with such direction. In the event the Trustee takes Prior to taking any action or follows any direction pursuant to this Indenturehereunder, the Trustee shall be entitled to indemnification or other security reasonably satisfactory to it against any loss or expense all losses, liabilities and expenses caused by taking or not taking such action or following such directionaction.

Appears in 5 contracts

Sources: Senior Indenture (NXP Semiconductors N.V.), Senior Indenture (NXP Semiconductors N.V.), Senior Indenture (NXP Semiconductors N.V.)

Control by Majority. The Holders of not less than a majority in principal amount of the Notes then outstanding Notes may direct in writing the time, method and place of conducting any proceeding for exercising any remedy available to the Trustee or of exercising any trust or power conferred on the 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 in good faith may be is unduly prejudicial to the rights of another Holder, other Holders or that may would involve the Trustee in personal liability; provided provided, however, that the Trustee may take any other action deemed proper by the Trustee which that is not inconsistent with such direction. In the event the Trustee takes Prior to taking any action or follows any direction pursuant to this Indenturehereunder, the Trustee shall be entitled to indemnification or other security reasonably satisfactory to it against any loss or expense all losses, liabilities and expenses caused by taking or not taking such action or following such directionaction.

Appears in 4 contracts

Sources: Senior Secured Indenture (NXP Semiconductors N.V.), Senior Secured Indenture (NXP Semiconductors N.V.), Senior Secured Indenture (NXP Manufacturing (Thailand) Co., Ltd.)

Control by Majority. The Holders of not less than a majority in outstanding principal amount of the then outstanding Notes Securities of such series 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 the 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 in good faith may be is unduly prejudicial to the rights of another Holderother Holders or, or that may in the Trustee’s reasonable opinion, would involve the Trustee in personal liability; provided provided, however, that the Trustee may take any other action deemed proper by the Trustee which that is not inconsistent with such direction. In the event the Trustee takes Prior to taking any action or follows any direction pursuant to this Indenturehereunder, the Trustee shall be entitled to indemnification satisfactory to 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 Holders of not less than a majority in principal amount of the then outstanding Notes may direct the time, method and place of conducting any proceeding for exercising any remedy available to the Trustee or exercising any trust or power conferred on the 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 in good faith may be unduly prejudicial to the rights of another Holderany other Noteholder, or that may involve the Trustee in personal liability; provided that the Trustee may take any other action deemed proper by the Trustee which is not inconsistent with such direction. In the event the Trustee takes any action or follows any direction pursuant to this Indenture, the Trustee shall be entitled to indemnification satisfactory to 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 aggregate principal amount of the Notes then outstanding Notes may shall have the right to direct the time, method and place of conducting any proceeding for exercising any remedy available to the Trustee or of exercising any trust or power conferred on the TrusteeTrustee with respect to such Notes. Subject to Section 7.01, howeverHowever, the Trustee may refuse to follow any direction that conflicts with any law or this Indenture, Indenture or that the Trustee determines in good faith may be is unduly prejudicial to the rights of another any other Holder, or that may would involve the Trustee in personal liability; provided provided, however, that the Trustee may take any other action deemed proper by the Trustee which that is not inconsistent with such direction. In the event the Trustee takes Prior to taking any action or follows any direction pursuant to this Indenturehereunder, the Trustee shall be entitled to indemnification security or indemnity satisfactory to it in its sole discretion from Holders directing the Trustee against any loss cost, liability or expense caused by taking or not taking such action or following such directionaction.

Appears in 4 contracts

Sources: Eighth Supplemental Indenture (Energy Transfer Equity, L.P.), Seventh Supplemental Indenture (Energy Transfer Equity, L.P.), Fourth Supplemental Indenture (Energy Transfer Equity, L.P.)

Control by Majority. The Holders of not less than a majority in principal amount of the then outstanding Notes may direct the time, method and place of conducting any proceeding for exercising any remedy available to the Trustee or exercising any trust or power conferred on the Trusteeit. Subject to Section 7.01, however, the Trustee may refuse to follow any direction that conflicts with any law or this Indenture, that the Trustee determines in good faith may be unduly prejudicial to the rights of another HolderNoteholder, or that may involve the Trustee in personal liability; provided PROVIDED that the Trustee may take any other action deemed proper by the Trustee which is not inconsistent with such direction. In the event the Trustee takes any action or follows any direction pursuant to this Indenture, the Trustee shall be entitled to indemnification 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 Holders of not less than a majority in principal amount of the Notes then outstanding Notes may direct the time, method and place of conducting any proceeding for exercising any remedy available to the Trustee or of exercising any trust or power conferred on the 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 in good faith may be is unduly prejudicial to the rights of another Holder, other Holders or that may would involve the Trustee in personal liability; provided provided, however, that the Trustee may take any other action deemed proper by the Trustee which that is not inconsistent with such direction. In the event the Trustee takes Prior to taking any action or follows any direction pursuant to under this Indenture, the Trustee shall will be entitled to indemnification and/or security satisfactory to the Trustee in its sole discretion against any loss or expense all fees, losses, claims, liabilities and expenses (including attorney’s fees and expenses) caused by taking or not taking such action or following such directionaction.

Appears in 3 contracts

Sources: Indenture (Ferroglobe PLC), Indenture (Ferroglobe PLC), Indenture (Ferroglobe PLC)

Control by Majority. The Holders of not less than a majority in aggregate principal amount of the then outstanding Notes may direct the time, method and place of conducting any proceeding for exercising any remedy available to the Trustee or of exercising any trust or power conferred on the 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 and Section 7.02, that the Trustee determines in good faith may be is unduly prejudicial to the rights of another Holder, other Holders or that may would potentially involve the Trustee in personal liability; provided provided, however, that the Trustee may take any other action deemed proper by the Trustee which that is not inconsistent with such direction. In the event the Trustee takes Prior to taking any action or follows any direction pursuant to this Indenturehereunder, the Trustee shall be entitled to indemnification satisfactory to 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 (Castle a M & Co), Indenture (Mindspeed Technologies, Inc), Indenture (Castle a M & Co)

Control by Majority. The Holders of not less than a majority in principal amount of the then total outstanding Notes may direct the time, method and place of conducting any proceeding for exercising any remedy available to the Trustee or of exercising any trust or power conferred on the Trustee. Subject to Section 7.01, howeverHowever, 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 HolderHolders of Notes not joining in the giving of such direction, or that may involve the Trustee in personal liability; provided that the Trustee and may take any other action deemed it deems proper by the Trustee which that is not inconsistent with any such directiondirection received from Holders of Notes. 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 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 (Nuance Communications, Inc.), Indenture (Nuance Communications, Inc.), Indenture (Nuance Communications, Inc.)

Control by Majority. The Holders of not less than a majority in principal amount of the then outstanding Notes may direct the time, method and place of conducting any proceeding for exercising any remedy available to the Trustee or of exercising any trust or power conferred on the 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 in good faith may be is unduly prejudicial to the rights of another Holder, other Holders or that may would involve the Trustee in personal liability; provided provided, however, that the Trustee may take any other action deemed proper by the Trustee which that is not inconsistent with such direction. In the event the Trustee takes Prior to taking any such action or follows any direction pursuant to this Indenturehereunder, the Trustee shall be entitled to indemnification satisfactory to it against any loss all fees, losses, liabilities and expenses (including attorney’s fees and expenses) caused by or expense that might be caused by taking or not taking such action or following such directionaction.

Appears in 3 contracts

Sources: Indenture (American Capital, LTD), Indenture (Ladder Capital Finance Corp), Indenture (Ladder Capital Corp)

Control by Majority. The Holders of not less than a majority in aggregate principal amount of the then Notes at the time outstanding Notes may direct the time, method and place of conducting any proceeding for exercising any remedy available to the Trustee or of exercising any trust or power conferred on the 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 in good faith may be unduly is prejudicial to the rights of another Holder, other Holders or that may would potentially involve the Trustee in personal liability; provided provided, however, that the Trustee may take any other action deemed proper by the Trustee which that is not inconsistent with such direction. In the event the Trustee takes Prior to taking any action or follows any direction pursuant to this Indenturehereunder, the Trustee shall be entitled to reasonable indemnification 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 (Rh), Indenture (Rh), Indenture (Restoration Hardware Holdings Inc)

Control by Majority. The Holders of not less than at least a majority in principal amount of the then outstanding Notes may direct the time, method and place of conducting any proceeding for exercising any remedy available to the Trustee or exercising any trust or power conferred on the 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 HolderHolders of Notes not joining in the giving of such direction received from the Holders of Notes; provided, or that may involve the Trustee in personal liability; provided however, that the Trustee may take any other action deemed proper by the Trustee which is not inconsistent with such direction. In the event the Trustee takes any action or follows any direction pursuant to this Indenture, the Trustee shall be entitled to indemnification against any loss or expense caused by taking such action or following such direction.

Appears in 3 contracts

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

Control by Majority. The Holders of not less than a majority in principal amount of the then outstanding Notes Securities may direct the time, method and place of conducting any proceeding for exercising any remedy available to the Trustee or of exercising any trust or power conferred on the 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 in good faith may be is unduly prejudicial to the rights of another Holder, other Securityholders or that may would involve the Trustee in personal liability; provided provided, however, that the Trustee may take any other action deemed proper by the Trustee which that is not inconsistent with such direction. In the event the Trustee takes Prior to taking any such action or follows any direction pursuant to this Indenturehereunder, the Trustee shall be entitled to indemnification or security reasonably satisfactory to 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 aggregate principal amount of the then outstanding Notes may direct the time, method and place of conducting any proceeding for exercising any remedy available to the Trustee or exercising any trust or power conferred on the Trustee. Subject to Section 7.01, howeverHowever, the Trustee may refuse to follow any direction that conflicts with any law or this Indenture, that may involve the Trustee in personal liability, or that the Trustee determines in good faith may be unduly prejudicial to the rights of another Holder, or that may involve Holders not joining in the Trustee in personal liability; provided that the Trustee giving of such direction and may take any other action deemed it deems proper by the Trustee which that is not inconsistent with any such direction. In the event direction received from Holders (it being understood that the Trustee takes has no duty to determine whether any action or follows is prejudicial to any direction pursuant Holder). Prior to taking any action under this Indenture, the Trustee shall will be entitled to indemnification satisfactory to it against any loss or expense all fees, losses, liabilities and expenses caused by taking or not taking such action or following such directionaction.

Appears in 3 contracts

Sources: Indenture (Xenia Hotels & Resorts, Inc.), Indenture (Xenia Hotels & Resorts, Inc.), Indenture (Xenia Hotels & Resorts, Inc.)

Control by Majority. The Holders of not less than a majority in aggregate principal amount of the then outstanding Notes may direct the time, method and place of conducting any proceeding for exercising any remedy available to the Trustee or of exercising any trust or power conferred on the 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 in good faith may be is unduly prejudicial to the rights of another Holder, other Holders or that may would involve the Trustee in personal liability; provided provided, however, that the Trustee may take any other action deemed proper by the such Trustee which that is not inconsistent with such direction. In the event the Trustee takes Prior to taking any action or follows any direction pursuant to this Indenturehereunder, the Trustee shall be entitled to indemnification or security reasonably satisfactory to it against any loss loss, liability or expense caused by taking or not taking such action or following such directionaction.

Appears in 3 contracts

Sources: Indenture (Alcoa Corp), Indenture (Alcoa Corp), Indenture (Alcoa Corp)

Control by Majority. The Holders of not less than a majority in aggregate principal amount of the then outstanding Notes may direct the time, method and place of conducting any proceeding for exercising any remedy available to the Trustee or of exercising any trust or power conferred on the 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 in good faith may be is unduly prejudicial to the rights of another Holder, other Holders or that may would involve the Trustee in personal liability; provided provided, however, that the Trustee may take any other action deemed proper by the Trustee which that is not inconsistent with such direction. In the event the Trustee takes Prior to taking any such action or follows any direction pursuant to this Indenturehereunder, the Trustee shall be entitled to indemnification satisfactory to it against any loss or expense all fees, losses, liabilities and expenses (including attorney’s fees and expenses) caused by taking or not taking such action or following such directionaction.

Appears in 3 contracts

Sources: Indenture (Dun & Bradstreet Holdings, Inc.), Indenture (GrubHub Inc.), Indenture (INC Research Holdings, Inc.)

Control by Majority. The Holders of not less than a majority in principal amount of the then outstanding Notes may direct the time, method and place of conducting any proceeding for exercising any remedy available to the Trustee or of exercising any trust or power conferred on the 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 in good faith may be is unduly prejudicial to the rights of another Holder, other Noteholders or that may would involve the Trustee in personal liability; provided PROVIDED, HOWEVER, that the Trustee may take any other action deemed proper by the Trustee which that is not inconsistent with such direction. In the event the Trustee takes Prior to taking any action or follows any direction pursuant to this Indenturehereunder, the Trustee shall be entitled to indemnification satisfactory to 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 (Prime Succession Holdings Inc), Indenture (Prime Succession Holdings Inc), Indenture (Prime Succession Holdings Inc)

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

Appears in 3 contracts

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

Control by Majority. The Holders holders of not less than a majority in principal amount of the then outstanding New 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 the Trustee. Subject to Section 7.01, howeverHowever, the Trustee may refuse to follow any direction that conflicts with any law or this IndentureNote or, subject to Section 15, that the Trustee determines in good faith may be is unduly prejudicial to the rights of another Holder, other holders of the New Notes or that may would involve the Trustee in personal liability; provided provided, however, that the Trustee may take any other action deemed proper by the Trustee which that is not inconsistent with such direction. In the event the Trustee takes Prior to taking any action or follows any direction pursuant to this Indenturehereunder, the Trustee shall be entitled to indemnification satisfactory to 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: Exchange Agreement (Avondale Inc), Exchange Agreement (Avondale Inc), Exchange Agreement (Avondale Inc)

Control by Majority. The Holders holders of not less than the Notes of a majority in aggregate principal amount of the Notes then outstanding Notes may direct the time, method and place of conducting any proceeding for exercising any remedy available to the Trustee or of exercising any trust or power conferred on the TrusteeTrustee 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 in good faith may be is unduly prejudicial to the rights of another Holder, other holders of Notes or that may would involve the Trustee in personal liability; provided provided, however, that the Trustee may take any other action deemed proper by the Trustee which that is not inconsistent with such direction. In the event the Trustee takes Prior to taking any action or follows any direction pursuant to this Indenturehereunder, the Trustee shall be entitled to indemnification and/or security to 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 then outstanding Notes may direct the time, method and place of conducting any proceeding for exercising any remedy available to the Trustee or exercising any trust or power conferred on the Trusteeit. Subject to Section 7.018.01, however, the Trustee may refuse to follow any direction that conflicts with any law or this Indenture, that the Trustee determines in good faith may be unduly prejudicial to the rights of another Holder, or that may involve the Trustee in personal liability; provided that the Trustee may take any other action deemed proper by the Trustee which is not inconsistent with such direction. In the event the Trustee takes any action or follows any direction pursuant to this Indenture, the Trustee shall be entitled to indemnification satisfactory to it against any loss or expense caused by taking such action or following such direction.

Appears in 3 contracts

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

Control by Majority. The Holders of not less than a majority in principal amount of the then outstanding Notes may direct the time, method and place of conducting any proceeding for exercising any remedy available to the Trustee or exercising any trust or power conferred on the Trusteeit. 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 in good faith may be unduly prejudicial to the rights of another HolderSecurityholder, or that may involve the Trustee in personal liability; provided that the Trustee may take any other action deemed proper by the Trustee which is not inconsistent with such direction. In the event the Trustee takes Prior to taking any action or follows following any direction pursuant to this IndentureSection 6.05, the Trustee shall be entitled to indemnification from such Holders satisfactory to 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 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 the 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 in good faith may be is unduly prejudicial to the rights of another Holder, other Holders or that may would involve the Trustee in personal liability; provided provided, however, that the Trustee may take any other action deemed proper by the Trustee which that is not inconsistent with such direction. In the event the Trustee takes Prior to taking any such action or follows any direction pursuant to this Indenturehereunder, the Trustee shall be entitled to indemnification satisfactory to it against any loss or expense all liabilities, losses 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 2 contracts

Sources: Indenture (Valley Telephone Co., LLC), Indenture (Valley Telephone Co., LLC)

Control by Majority. The Holders of not less than a majority in aggregate principal amount of the then outstanding Notes may direct the time, method and place of conducting any proceeding for exercising any remedy available to the Trustee or exercising any trust or power conferred on the Trustee. Subject to Section 7.01, howeverHowever, 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 HolderHolders of Notes not joining in the giving of such direction, or that may involve the Trustee in personal liability; provided that the Trustee and may take any other action deemed it deems proper by the Trustee which that is not inconsistent with any such directiondirection received from Holders of Notes. 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 against any loss all fees, losses and expenses (including attorney’s fees and expenses) incurred or expense caused to be incurred by taking such action or following such directionaction.

Appears in 2 contracts

Sources: Indenture (Callaway Golf Co), Indenture (Callaway Golf Co)

Control by Majority. The Holders of not less than a majority in principal amount of the then outstanding Notes may direct the time, method and place of conducting any proceeding for exercising any remedy available to the Trustee or of exercising any trust or power conferred on the 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 8.1 and Section 8.2 hereof, that the Trustee determines in good faith may be unduly is prejudicial to the rights of another Holder, other Noteholders or that may would involve the Trustee in personal liability; provided provided, however, that the Trustee may take any other action deemed proper by the Trustee which that is not inconsistent with such direction. In the event the Trustee takes Prior to taking any action or follows any direction pursuant to this Indenturehereunder, the Trustee shall be entitled to indemnification satisfactory to 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 (Bunge LTD), Indenture (Bunge LTD)

Control by Majority. The Holders of not less than a majority in aggregate principal amount at maturity of the then Notes outstanding Notes may direct the time, method and place of conducting any proceeding for exercising any remedy available to the Trustee or of exercising any trust or power conferred on the 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 in good faith may be is unduly prejudicial to the rights of another Holder, any other Holder or that may would involve the Trustee in personal liability; provided provided, however, that the Trustee may take any other action deemed proper by the Trustee which that is not inconsistent with such direction. In the event the Trustee takes Prior to taking any action or follows any direction pursuant to under this Indenture, the Trustee shall be entitled to indemnification satisfactory to 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 (Rural Metro Corp /De/), Indenture (Rural Metro Corp /De/)

Control by Majority. The Holders of not less than a majority in principal amount of the then outstanding Notes may have the right to direct the time, method and place of conducting any proceeding for exercising any remedy available to the Trustee or of exercising any trust or power conferred on the 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 hereof, that the Trustee determines in good faith may be is unduly prejudicial to the rights of another Holder, other Holders or that may would involve the Trustee in personal liability; provided provided, however, that the Trustee may take any other action deemed proper by the Trustee which that is not inconsistent with such direction. In the event the Trustee takes Prior to taking any action or follows any direction pursuant to this Indenturehereunder, the Trustee shall be entitled to receive indemnification satisfactory to it against any loss or all loss, liability and expense caused by taking or not taking such action or following such directionaction.

Appears in 2 contracts

Sources: Indenture (GFL Environmental Holdings Inc.), Indenture (GFL Environmental Holdings Inc.)

Control by Majority. The Holders of not less than a majority in principal amount of the then outstanding Notes may are given the right to 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 the 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 in good faith may be is unduly prejudicial to the rights of another Holder, other Noteholders or that may would involve the Trustee in personal liability; provided PROVIDED, HOWEVER, that the Trustee may take any other action deemed proper by the Trustee which that is not inconsistent with such direction. In the event the Trustee takes Prior to taking any action or follows any direction pursuant to this Indenturehereunder, the Trustee shall be entitled to indemnification satisfactory to 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 (Merisant Foreign Holdings I Inc), Indenture (Tabletop Holdings Inc)

Control by Majority. The Subject to the express terms of this Indenture, the Holders of not less than a majority in principal amount of the then outstanding Notes may direct the time, method and place of conducting any proceeding for exercising any remedy available to the Trustee or of exercising any trust or power conferred on the 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 in good faith may be is unduly prejudicial to the rights of another Holder, other Holders or that may would involve the Trustee in personal liability; provided liability; provided, however, that the Trustee may take any other action deemed proper by the Trustee which that is not inconsistent with such direction. In the event the Trustee takes Prior to taking any action or follows any 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, Indenture

Control by Majority. The Holders of not less than a majority in principal amount at Maturity of the then outstanding Notes may direct the time, method and place of conducting any proceeding for exercising any remedy available to the Trustee or of exercising any trust or power conferred on the 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 9.01, that the Trustee determines in good faith may be is unduly prejudicial to the rights of another Holder, other Holders or that may would involve the Trustee in personal per­sonal liability; provided provided, however, that the Trustee may take any other action deemed proper by the Trustee which that is not inconsistent with such direction. In the event the Trustee takes Prior to taking any action or follows any direction pursuant to this Indenturehereunder, the Trustee shall be entitled to indemnification 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 (Broadwing Inc), Indenture (Broadwing Communications Inc)

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

Appears in 2 contracts

Sources: Indenture (Pilgrims Pride Corp), Indenture (Pilgrims Pride Corp)

Control by Majority. The Holders of not less than a majority in aggregate principal amount of the Notes then outstanding Notes may direct the time, method and place of conducting any proceeding for exercising any remedy available to the Trustee or exercising any trust or power conferred on the Trusteeit. 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 hereof, that the Trustee determines in good faith may be unduly prejudicial to the rights of another Holder, other Holders of Notes or that may involve the Trustee in personal liability; provided that the Trustee may take any other action deemed proper by the Trustee which that is not inconsistent with such direction. In the event the Trustee takes Prior to taking any action or follows any direction pursuant to this Indenturehereunder, the Trustee shall be entitled to indemnification satisfactory to 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 (Harperprints Inc), Indenture (R&b Falcon Corp)

Control by Majority. The Holders of not less than a majority in aggregate principal amount of the then outstanding Notes may direct in writing the time, method and place of conducting any proceeding for exercising any remedy available to the Trustee or exercising any trust or power conferred on the Trustee. Subject to Section 7.01, howeverHowever, 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 HolderHolders not joining in the giving of such direction, or that may involve the Trustee in personal liability; provided that and the Trustee may take any other action deemed it deems proper by the Trustee which that is not inconsistent with any such directiondirection received from Holders. 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 against any loss or expense costs, losses, liabilities and expenses caused by taking or not taking such action or following such directionaction.

Appears in 2 contracts

Sources: Indenture (Cosan Ltd.), Indenture (Cosan Ltd.)

Control by Majority. The Holders of not less than a majority in aggregate principal amount of the then outstanding Notes may direct the time, method and place of conducting any proceeding for exercising any remedy available to the Trustee or exercising any trust or power conferred on the Trusteeit. 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 in good faith may be unduly prejudicial to the rights of another HolderHolders not joining in such direction, or that may involve the Trustee in personal liability; provided that the Trustee may take any other action deemed proper by the Trustee which is not inconsistent with such direction. In the event the Trustee takes any action or follows any direction pursuant to this Indenture, the Trustee shall be entitled to indemnification against any loss or expense caused by taking such action or following such direction.

Appears in 2 contracts

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

Control by Majority. The Holders of not less than a majority in principal amount of the then outstanding Notes may direct the time, method and place of conducting any proceeding for exercising any remedy available to the Trustee or exercising any trust or power conferred on the Trustee. Subject to Section 7.01, however, Trustee under this Indenture; provided that the Trustee may refuse to follow any direction that conflicts with any law or this Indenture, that may involve the Trustee in personal liability, or that the Trustee determines in good faith may be unduly prejudicial to the rights of another Holder, or that may involve Holders of Notes not joining in the Trustee in personal liability; provided that the giving of such direction. The Trustee may take any other action deemed it deems proper by the Trustee which that is not inconsistent with any such directiondirection received from Holders of Notes. In The Trustee shall not be obligated to take any action at the event direction of Holders unless such Holders have offered to the Trustee takes any action security or follows any direction pursuant indemnity reasonably satisfactory to this Indenture, the Trustee shall be entitled to indemnification against any loss or expense caused by taking such action or following such directionTrustee.

Appears in 2 contracts

Sources: Indenture (Foresight Energy Partners LP), Indenture (Foresight Energy Partners LP)

Control by Majority. The Holders of not less than a majority in principal amount Original Principal Amount of the then outstanding Notes may direct the time, method and place of conducting any proceeding for exercising any remedy available to the Trustee or exercising any trust or power conferred on the Trustee. Subject to Section 7.01, howeverHowever, 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 HolderHolders of Notes not joining in the giving of such direction, or that may involve the Trustee in personal liability; provided that the Trustee and may take any other action deemed it deems proper by the Trustee which that is not inconsistent with any such directiondirection received from Holders of Notes. In the event the Trustee takes Prior to taking any action or follows any direction pursuant to this Indenturehereunder, the Trustee shall receive indemnification satisfactory to it against all fees, losses and expenses (including attorney’s fees and expenses) incurred or to be entitled to indemnification against any loss or expense caused incurred by taking such action or following such directionaction.

Appears in 2 contracts

Sources: Indenture (Cadiz Inc), Indenture (Cadiz Inc)

Control by Majority. The Holders holders of not less than a majority in principal amount of the then outstanding Notes may direct the time, method and place of conducting any proceeding for exercising any remedy available to the Trustee or exercising any trust or power conferred on the 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 in good faith may be unduly prejudicial to the rights of another Holderany other noteholder, or that may involve the Trustee in personal liability; provided that the Trustee may take any other action deemed proper by the Trustee which is not inconsistent with such direction. In the event the Trustee takes any action or follows any direction pursuant to this Indenture, the Trustee shall be entitled to indemnification 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 Holders of not less than a majority in principal amount of the Notes then outstanding Notes may direct the time, method and place of conducting any proceeding for exercising any remedy available to the Trustee or exercising any trust or power conferred on the Trusteeit hereunder. Subject to Section 7.01, howeverHowever, the Trustee may refuse to follow any direction that conflicts with any applicable law or this the Indenture, that the Trustee determines in good faith may be unduly prejudicial to the rights of another Holderother Holders, or that may involve the Trustee in personal liability; provided provided, however, that the Trustee may take any other action deemed proper by the Trustee which that is not inconsistent with such direction. In the event the Trustee takes Prior to taking any action or follows any direction pursuant to this Indenturehereunder, the Trustee shall be entitled to 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 (Northwest Pipeline Corp), Indenture (Williams Companies Inc)

Control by Majority. The Holders of not less than a majority in aggregate principal amount of the then outstanding Notes may direct the time, method and place of conducting any proceeding for exercising any remedy available to the Trustee or exercising any trust or power conferred on the Trusteeit. Subject to Section 7.01, howeverHowever, the Trustee may refuse to follow any direction that conflicts with any law or this Indenture, Indenture that the Trustee determines in good faith may be unduly prejudicial to the rights of another Holder, other Holders of Notes or the Trustee or that may involve the Trustee in personal liability; liability provided however, that the Trustee may take any other action deemed proper by the Trustee which that is not inconsistent with such direction. In the event the Trustee takes Prior to taking any action or follows any 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 2 contracts

Sources: Temporary Notes Indenture (Hillman Companies Inc), Indenture (Hillman Companies Inc)

Control by Majority. The Holders of not less than a majority in principal amount of the then outstanding Notes may direct the time, method and place of conducting any proceeding for exercising any remedy available to the Trustee or of exercising any trust or power conferred on the 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 in good faith may be is unduly prejudicial to the rights of another Holder, any other Holder or that may would involve the Trustee in personal liability; provided PROVIDED, HOWEVER, that the Trustee may take any other action deemed proper by the Trustee which that is not inconsistent with such direction. In the event the Trustee takes Prior to taking any action or follows any direction pursuant to under this Indenture, the Trustee shall be entitled to indemnification satisfactory to 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 (Intelsat LTD), Indenture (PanAmSat Holding CORP)

Control by Majority. The Holders of not less than a majority in principal amount of the then outstanding Notes may direct the time, method and place of conducting any proceeding for exercising any remedy available to the Trustee or of exercising any trust or power conferred on the 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 in good faith may be is unduly prejudicial to the rights of another Holder, other Holders or that may would involve the Trustee in personal liability; provided provided, however, that the Trustee may take any other action deemed proper by the Trustee which that is not inconsistent with such direction. In the event the Trustee takes Prior to taking any action or follows any direction pursuant to this Indenturehereunder, the Trustee shall be entitled to indemnification or security by the Holders satisfactory to the Trustee 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: Indenture (Beacon Roofing Supply Inc), Indenture (Beacon Roofing Supply Inc)

Control by Majority. The Subject to the express terms of this Indenture, the Holders of not less than a majority in principal amount of the then outstanding Notes may direct the time, method and place of conducting any proceeding for exercising any remedy available to the Trustee or of exercising any trust or power conferred on the 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 in good faith may be is unduly prejudicial to the rights of another Holder, other Holders or that may would involve the Trustee in personal liability; provided provided, however, that the Trustee may take any other action deemed proper by the Trustee which that is not inconsistent with such direction. In the event the Trustee takes Prior to taking any action or follows any direction pursuant to this Indenturehereunder, the Trustee shall be entitled to indemnification from the Holders 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 (Western Digital Corp), Indenture (Western Digital Corp)

Control by Majority. The Holders of not less than a majority in aggregate principal amount at maturity of the then outstanding Notes may direct the time, method and place of conducting any proceeding for exercising any remedy available to the Trustee or of exercising any trust or power conferred on the 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 in good faith may be is unduly prejudicial to the rights of another Holder, any other Holder or that may would involve the Trustee in personal liability; provided provided, however, that the Trustee may take any other action deemed proper by the Trustee which that is not inconsistent with such direction. In the event the Trustee takes Prior to taking any action or follows any direction pursuant to under this Indenture, the Trustee shall be entitled to indemnification satisfactory to 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 (Intelsat LTD), Indenture (Intelsat LTD)

Control by Majority. The Holders of not less than a majority in principal amount of the then outstanding Notes Securities may direct the time, method and place of conducting any proceeding for exercising any remedy available to the Trustee or of exercising any trust or power conferred on the Trustee. Subject to Section 7.01The Trustee, however, the Trustee may refuse to follow any direction that conflicts with any law law, this Indenture or this Indenturethe Intercreditor Agreement or, subject to Section 7.01, that the Trustee determines in good faith may be is unduly prejudicial to the rights of another Holder, any other Securityholder or that may would involve the Trustee in personal liability; provided provided, however, that the Trustee may take any other action deemed proper by the Trustee which that is not inconsistent with such direction. In the event the Trustee takes Prior to taking any action or follows any direction pursuant to this Indenturehereunder, the Trustee shall be entitled to be furnished with 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: Indenture (Denbury Resources Inc), Indenture (Denbury Resources Inc)

Control by Majority. The Holders of not less than a majority in principal amount of the then outstanding Notes may will have the right to direct the time, method and place of conducting any proceeding for exercising any remedy available to the Trustee or exercising any trust or power conferred on the Trustee, subject to receipt by the Trustee of security and indemnity satisfactory to the Trustee. Subject to Section 7.01, howeverHowever, the Trustee may refuse to follow any direction that conflicts with any law or this Indenture, Indenture or that the Trustee determines in good faith may be unduly prejudicial to the rights of another Holder, other Holders of Notes or that may involve the Trustee in personal liability; provided liability (it being understood that the Trustee may take any other action deemed proper by the Trustee which is not inconsistent with such direction. In the event the Trustee takes has no duty to determine whether any action or follows is prejudicial to any direction pursuant Holder). Prior to taking any action under this Indenture, the Trustee shall will be entitled to indemnification or security satisfactory to it against any loss or expense all fees, losses, liabilities and expenses caused by taking such action or following such directionnot taking any action.

Appears in 2 contracts

Sources: Indenture (Atlanticus Holdings Corp), Indenture (Bread Financial Holdings, Inc.)

Control by Majority. The Holders of not less than a majority in principal amount of the then outstanding Notes may direct the time, method and place of conducting any proceeding for exercising any remedy available to the Trustee or exercising any trust or power conferred on the Trusteeit. Subject to Section 7.01, however, the Trustee may refuse to follow any direction that conflicts with any law or this Indenture, that the Trustee determines in good faith may be unduly prejudicial to the rights of another Holder, or that may involve the Trustee in personal liability; provided that the Trustee may take any other action deemed proper by the Trustee which is not inconsistent with such direction. In the event the Trustee takes any action or follows any direction pursuant to this Indenture, the Trustee shall be entitled to indemnification against any loss loss, liability, claim or expense caused by taking such action or following such direction.

Appears in 2 contracts

Sources: Indenture (Ply Gem Holdings Inc), Indenture (Ply Gem Holdings Inc)

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

Appears in 2 contracts

Sources: Indenture (Nabors Industries LTD), Indenture (Nabors Industries LTD)

Control by Majority. The Holders of not less than a majority in aggregate principal amount of the then outstanding Notes of a Series 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 the 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 in good faith may be is unduly prejudicial to the rights of another Holder, other Holders or that may would involve the Trustee in personal liability; provided provided, however, that the Trustee may take any other action deemed proper by the such Trustee which that is not inconsistent with such direction. In the event the Trustee takes Prior to taking any action or follows any direction pursuant to this Indenturehereunder, the Trustee shall be entitled to indemnification or security reasonably satisfactory to it against any loss loss, liability or expense caused by taking or not taking such action or following such directionaction.

Appears in 2 contracts

Sources: Indenture (Alcoa Upstream Corp), Indenture (Alcoa Inc.)

Control by Majority. The Holders of not less than a majority in aggregate principal amount of the Notes then outstanding Notes may direct in writing the time, method and place of conducting any proceeding for exercising any remedy available to the Trustee or exercising to exercise any trust or power conferred on the 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 in good faith may be is unduly prejudicial to the rights of another Holder, other Holders or that may would involve the Trustee in personal liability; provided provided, however, that the Trustee may take any other action deemed proper by the Trustee which that is not inconsistent with such direction. In the event the Trustee takes Prior to taking any action or follows any direction pursuant to this Indenturehereunder, the Trustee shall be entitled to indemnification or other security reasonably satisfactory to it against any loss or expense all losses, liabilities and expenses caused by taking or not taking such action or following such directionaction.

Appears in 2 contracts

Sources: Senior Indenture (NXP Semiconductors N.V.), Senior Indenture (NXP Semiconductors N.V.)

Control by Majority. The Holders of not less than a majority in principal amount of the then outstanding Notes may direct the time, method and place of conducting any proceeding for exercising any remedy available to the Trustee or of exercising any trust or power conferred on the Trustee. Subject to Section 7.01, howeverHowever, the Trustee may refuse to follow any direction that conflicts with any law or this Indenture, the Notes or the Guarantees or, subject to Sections 7.1 and 7.2, that the Trustee determines in good faith may be is unduly prejudicial to the rights of another Holder, other Noteholders or that may would involve the Trustee in personal liability; provided provided, however, that the Trustee may take any other action deemed proper by the Trustee which that is not inconsistent with such direction. In the event the Trustee takes Prior to taking any 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 all losses, liabilities and expenses caused or expense that may be caused by taking or not taking such action or following such directionaction.

Appears in 2 contracts

Sources: Indenture (Ultra Petroleum Corp), Exchange Agreement (Ultra Petroleum Corp)

Control by Majority. The Holders of not less than a majority in principal amount of the then outstanding Notes may direct the time, method and place of conducting any proceeding for exercising any remedy available to the Trustee or of exercising any trust or power conferred on the 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 8.01, that the Trustee determines in good faith may be is unduly prejudicial to the rights of another Holder, other Holders or that may would involve the Trustee in personal liability; provided PROVIDED, HOWEVER, that the Trustee may take any other action deemed proper by the Trustee which that is not inconsistent with such direction. In the event the Trustee takes Prior to taking any action or follows any direction pursuant to this Indenturehereunder, the Trustee shall be entitled to indemnification satisfactory to 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 (Veterinary Centers of America Inc), Indenture (Veterinary Centers of America Inc)

Control by Majority. The Holders of not less than a majority in principal amount of the then outstanding Notes may direct the time, method and place of conducting any proceeding for exercising any remedy available to the Trustee or exercising any trust or power conferred on the Trustee. Subject to Section 7.01, howeverHowever, 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 HolderHolders of Notes not joining in the giving of such direction. In addition, or that may involve the Trustee in personal liability; provided that the Trustee may take any other action deemed it deems proper by the Trustee which that is not inconsistent with any such directiondirection received from Holders of Notes. In The Trustee shall not be obligated to take any action at the event direction of Holders unless such Holders have offered to the Trustee takes any action or follows any direction pursuant indemnity satisfactory to this Indenture, the Trustee shall be entitled to indemnification against any loss or expense caused by taking such action or following such directionTrustee.

Appears in 1 contract

Sources: Indenture (Molycorp, Inc.)

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

Appears in 1 contract

Sources: Indenture (Igate Corp)

Control by Majority. The Holders of not less than a majority in principal amount of the then outstanding Notes may direct the time, method and place of conducting any proceeding for exercising any remedy available to the Trustee or of exercising any trust or power conferred on the 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 8.1 hereof, that the Trustee determines in good faith may be is unduly prejudicial to the rights of another Holder, other Noteholders or that may would involve the Trustee in personal liability; provided PROVIDED, HOWEVER, that the Trustee may take any other action deemed proper by the Trustee which that is not inconsistent with such direction. In the event the Trustee takes Prior to taking any action or follows any direction pursuant to this Indenturehereunder, the Trustee shall be entitled to indemnification by the Noteholders 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 (Ibasis Inc)

Control by Majority. The Holders holders of not less than a majority in principal amount of the then outstanding Notes may direct the time, method and place of conducting any proceeding for exercising any remedy available to the Trustee or of exercising any trust or power conferred on the 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 in good faith may be is unduly prejudicial to the rights of another Holderother Securityholders, as the case may be, or that may would involve the Trustee in personal liability; provided provided, however, that the Trustee may take any other action deemed proper by the Trustee which that is not inconsistent with such direction. In the event the Trustee takes Prior to taking any action or follows any direction pursuant to this Indenturehereunder, the Trustee shall be entitled to indemnification and/or security satisfactory to it in its sole discretion against any loss all losses and expenses caused or expense caused which it may incur by taking or not taking such action or following such directionaction.

Appears in 1 contract

Sources: Indenture

Control by Majority. The Holders of not less than a majority in aggregate principal amount of the then outstanding Notes may direct the time, method and place of conducting any proceeding for exercising any remedy available to the Trustee or exercising any trust or power conferred on the Trustee. Subject to Section 7.01, howeverHowever, the Trustee may refuse to follow any direction that conflicts with any law or this the 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 HolderHolders of Notes not joining in the giving of such direction, or that may involve the Trustee in personal liability; provided that the Trustee and may take any other action deemed it deems proper by the Trustee which that is not inconsistent with any such directiondirection received from Holders of Notes. In the event the Trustee takes Prior to taking any action or follows any direction pursuant to this Indenturehereunder, the Trustee shall will be entitled to indemnification satisfactory to it against any loss or expense all losses, liabilities and expenses caused by taking or not taking such action or following such directionaction.

Appears in 1 contract

Sources: Indenture (Flextronics International Ltd.)

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

Appears in 1 contract

Sources: Indenture (Horizon Lines, Inc.)

Control by Majority. The Holders of not less than a majority in principal amount of the then total outstanding Notes may direct the time, method and place of conducting any proceeding for exercising any remedy available to the Trustee or of exercising any trust or power conferred on the Trustee. Subject to Section 7.01, howeverHowever, the Trustee may refuse to follow any direction that conflicts with any law or this Indenture, that the Notes or the Guarantees or, subject to Sections 7.1 and 7.2,that the Trustee determines in good faith may be is unduly prejudicial to the rights of another Holder, other Holders or that may would involve the Trustee in personal liability; provided provided, however, that the Trustee may take any other action deemed proper by the Trustee which that is not inconsistent with such direction. In the event the Trustee takes Prior to taking any such action or follows any direction pursuant to this Indenturehereunder, the Trustee shall be entitled to indemnification reasonably satisfactory to it against any loss or expense all losses and expenses caused by taking or not taking such action or following such directionaction.

Appears in 1 contract

Sources: Indenture (Crown Media Holdings Inc)

Control by Majority. The Holders of not less than a majority in aggregate principal amount of the Notes then outstanding Notes may direct the time, method and place of conducting any proceeding for exercising any remedy available to the Trustee or exercising any trust or power conferred on the TrusteeTrustee with respect to the Notes. Subject to Section 7.01, howeverHowever, the Trustee may refuse to follow any direction that conflicts with any applicable law or this Indenturethe Indenture or, subject to Section 7.01, that the Trustee determines in good faith may be is unduly prejudicial to the rights of another Holder, any other Holder or that may involve would subject the Trustee in to personal liability; provided provided, however, that the Trustee may take any other action deemed proper by the Trustee which that is not inconsistent with such direction. In the event the Trustee takes Prior to taking any action or follows any direction pursuant to this Indenturehereunder, the Trustee shall be entitled receive indemnity satisfactory to indemnification it 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 Holders of not less than a majority in principal amount of the then outstanding Notes may direct the time, method and place of conducting any proceeding for exercising any remedy available to the Trustee or of exercising any trust or power conferred on the Trustee. Subject to Section 7.01, howeverHowever, the Trustee may refuse to follow any direction that conflicts with any law or this Indenture, the Notes or the Guarantees or, subject to Sections 7.1 and 7.2, that the Trustee determines in good faith may be is unduly prejudicial to the rights of another Holder, other Holders or that may would involve the Trustee in personal liability; provided provided, however, that the Trustee may take any other action deemed proper by the Trustee which that is not inconsistent with such direction. In the event the Trustee takes Prior to taking any such action or follows any direction pursuant to this Indenturehereunder, the Trustee shall be entitled to indemnification reasonably satisfactory to 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 (Burger King Holdings Inc)

Control by Majority. The Holders of not less than a majority in principal amount of the then outstanding Notes may direct the time, method and place of conducting any proceeding for exercising any remedy available to the Trustee or exercising any trust or power conferred on the Trusteeit. Subject to Section 7.017.01 hereof, however, the Trustee may refuse to follow any direction that conflicts with any law or this Indenture, that the Trustee determines in good faith may be unduly prejudicial to the rights of another Holder, or that may involve the Trustee in personal liability; provided that the Trustee may take any other action deemed proper by the Trustee which is not inconsistent with such direction. In the event the Trustee takes any action or follows any direction pursuant to this Indenture, the Trustee shall be entitled to indemnification or security against any loss or expense caused by taking such action or following such direction.

Appears in 1 contract

Sources: Indenture (Seitel Inc)

Control by Majority. The Majority Holders of not less than a majority in principal amount of have the then outstanding Notes may right to 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 the Trustee. Subject to Section 7.01The Trustee, however, the Trustee may refuse to follow any direction that conflicts with any law or this IndentureIndenture or the Security Documents or, subject to Section 7.01, that the Trustee determines in good faith may be is unduly prejudicial to the rights of another Holder, any other Holder or that may would involve the Trustee in personal liability; provided provided, however, that the Trustee may take any other action deemed proper by the Trustee which that is not inconsistent with such direction. In the event the Trustee takes Prior to taking any action or follows any direction pursuant under this Indenture in relation to this Indenturethe Notes, 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 (including reasonable attorneys’ fees and expenses) caused by taking or not taking such action or following such directionaction.

Appears in 1 contract

Sources: Indenture (Office Depot Inc)

Control by Majority. The Holders of not less than a majority in principal amount of the then outstanding Notes may direct the time, method and place of conducting any proceeding for exercising any remedy available to the Trustee or exercising any trust or power conferred on the Trusteeit. 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 in good faith may be unduly prejudicial to the rights of another Holder, or that may involve the Trustee in personal liability; provided that the Trustee may take any other action deemed proper by the Trustee which is not inconsistent with such direction. In the event the Trustee takes any action or follows any direction pursuant to this Indenture, the Trustee shall be entitled to indemnification against any loss or expense caused by taking such action or following such direction.

Appears in 1 contract

Sources: Indenture (WESTMORELAND COAL Co)

Control by Majority. The Holders of not less than a majority in principal amount of the then outstanding Notes may direct the time, method and place of conducting any proceeding for exercising any remedy available to the Trustee Trustees or of exercising any trust or power conferred on the TrusteeTrustees. Subject to Section 7.01However, however, the a 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 a Trustee determines, on the Trustee determines in good faith may be advice of counsel or other experts, advisors or agents, is unduly prejudicial to the rights of another Holder, other Holders or that may would involve the a Trustee in personal liability; provided provided, however, that the a Trustee may take any other action deemed proper by the a Trustee which that is not inconsistent with such direction. In the event the Trustee takes Prior to taking any such action or follows any direction pursuant to this Indenturehereunder, the a Trustee shall be entitled to security or indemnification satisfactory to it against any loss or expense all fees, losses and expenses (including attorney’s fees and expenses) caused by taking or not taking such action or following such directionaction.

Appears in 1 contract

Sources: Indenture (Cott Corp /Cn/)

Control by Majority. The Holders of not less than a majority in principal amount of the then outstanding Notes may direct the time, method and place of conducting any proceeding for exercising any remedy available to the Trustee or the Collateral Agent or of exercising any trust or power conferred on the TrusteeTrustee 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 in good faith may be is unduly prejudicial to the rights of another Holder, other Holders or that may would involve the Trustee in personal liability; provided provided, however, that the Trustee may take any other action deemed proper by the Trustee which that is not inconsistent with such direction. In the event the Trustee takes Prior to taking any such action or follows any direction pursuant to this Indenturehereunder, the Trustee and the Collateral Agent shall be entitled to indemnification satisfactory to it 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 aggregate principal amount of the then outstanding Notes may direct the time, method and place of conducting any proceeding for exercising any remedy available to the Trustee or of exercising any trust or power conferred on the 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 and Section 7.02 hereof, that the Trustee determines in good faith may be unduly is prejudicial to the rights of another Holder, other Noteholders or that may would involve the Trustee in personal liability; provided provided, however, that the Trustee may take any other action deemed proper by the Trustee which that is not inconsistent with such direction. In the event the Trustee takes Prior to taking any action or follows any direction pursuant to this Indenturehereunder, the Trustee shall be entitled to indemnification satisfactory to 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 (Ethan Allen Interiors Inc)

Control by Majority. The Holders of not less than a majority in principal amount of the then outstanding Notes may direct the time, method and place of conducting any proceeding for exercising any remedy available to the Trustee or of exercising any trust or power conferred on the Trustee. Subject to Section 7.01The Trustee, however, the Trustee may refuse to follow any direction that conflicts with any law or this IndentureIndenture or, subject to Section 8.01, that the Trustee determines in good faith may be is unduly prejudicial to the rights of another Holder, other Holders or that may would involve the Trustee in personal liability; provided PROVIDED, HOWEVER, that the Trustee may take any other action deemed proper by the Trustee which that is not inconsistent with such direction. In the event the Trustee takes Prior to taking any action or follows any direction pursuant to this Indenturehereunder, the Trustee shall be entitled to indemnification satisfactory to 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 (Cincinnati Bell Inc)

Control by Majority. The Holders of not less than a majority in principal amount of the Notes then outstanding Notes may direct the time, method and place of conducting any proceeding for exercising any remedy available to the Trustee with regard to the Notes or of exercising any trust or power conferred on the TrusteeTrustee with regard 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 7.1, that the Trustee determines in good faith may be is unduly prejudicial to the rights of another Holder, other Holders or that may would involve the Trustee in personal liability; provided provided, however, that the Trustee may take any other action deemed proper by the Trustee which that is not inconsistent with such direction. In the event the Trustee takes Prior to taking any action or follows any 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 1 contract

Sources: Indenture (Lennar Corp /New/)

Control by Majority. The Holders of not less than a majority in principal amount of the then outstanding Notes may direct the time, method and place of conducting any proceeding for exercising any remedy available to the Trustee or the Collateral Agent or of exercising any trust or power conferred on the TrusteeTrustee 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, subject to Sections 7.1 and 7.2, that the Trustee determines in good faith may be is unduly prejudicial to the rights of another Holder, other Holders or that may would involve the Trustee in personal liability; provided provided, however, that the Trustee may take any other action deemed proper by the Trustee which that is not inconsistent with such direction. In the event the Trustee takes Prior to taking any such action or follows any direction pursuant to this Indenturehereunder, the Trustee and the Collateral Agent shall be entitled to indemnification indemnity or security satisfactory to each of them against any loss or expense all fees, losses, liabilities 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 (Foundation Building Materials, Inc.)

Control by Majority. The Subject to Section 7.02, ------------------- the Holders of not less than a majority in aggregate principal amount of the then outstanding Discount 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 the Trustee. Subject to Section 7.01, howeverHowever, the Trustee may refuse to follow any direction that conflicts with any law or this Indenture, Indenture or that the Trustee determines in good faith may be is unduly prejudicial to the rights of another Holder, other Noteholders or that may would involve the Trustee in personal liability; provided provided, however, that the Trustee may take any other -------- ------- action deemed proper by the Trustee which that is not inconsistent with such direction. In the event the Trustee takes Prior to taking any action or follows any direction pursuant to this Indenturehereunder, the Trustee shall be entitled to indemnification satisfactory to 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 (Iron Age Holdings Corp)

Control by Majority. The Holders of not less than a majority in principal amount of the then outstanding Notes Securities may direct the time, method and place of conducting any proceeding for exercising any remedy available to the Trustee or of exercising any trust or power conferred on the 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 in good faith may be is unduly prejudicial to the rights of another Holder, other Securityholders or that may would involve the Trustee in personal liability; provided PROVIDED, HOWEVER, that the Trustee may take any other action deemed proper by the Trustee which that is not inconsistent with such direction. In the event the Trustee takes Prior to taking any action or follows any direction pursuant to this Indenturehereunder, the Trustee shall be entitled to indemnification by the Securityholders directing it to act 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 (Pathmark Stores Inc)

Control by Majority. The Holders of not less than a majority in principal amount of the then outstanding Notes may direct the time, method and place of conducting any proceeding for exercising any remedy available to the Trustee or exercising any trust or power conferred on the Trusteeit. Subject to Section 7.01, howeverHowever, the Trustee may refuse to follow any direction that conflicts with any law or this Indenture, Indenture or that the Trustee determines in good faith may be unduly prejudicial to the rights of another Holder, other Holders or that may involve the Trustee in personal liability; provided that the Trustee liability and may take any other action deemed it deems proper by the Trustee which that is not inconsistent with any such directiondirection received from such Holders of the Notes. In the event the Trustee takes addition, prior to taking any action or follows any direction pursuant to this Indenturehereunder, the Trustee shall be entitled to indemnification from the Holders on terms reasonably satisfactory to Trustee in its sole discretion against any loss all losses and expenses arising from taking or expense caused by not taking such action or following such directionaction.

Appears in 1 contract

Sources: Indenture (Amf Bowling Worldwide Inc)

Control by Majority. The Holders of not less than at least a majority in principal amount of the Notes then outstanding Notes may direct the time, method and place of conducting any proceeding for exercising any remedy available to the Trustee or of exercising any trust or power conferred on the 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 Sections 7,01 and 7.02, that the Trustee determines in good faith may be deter mines is unduly prejudicial to the rights of another Holder, other Holders or that may would involve the Trustee in personal liability; provided provided, however, that the Trustee may take any other action deemed proper by the Trustee which that is not inconsistent with such direction. In the event the Trustee takes Prior to taking any action or follows any direction pursuant to under this Indenture, the Trustee shall be entitled to indemnification satisfactory to 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 (Kingsway Financial Services Inc)

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

Appears in 1 contract

Sources: Indenture (Igate Corp)

Control by Majority. The Holders of not less than a majority in principal amount of the then outstanding Notes may direct the time, method and place of conducting any proceeding for exercising any remedy available to the Trustee or of exercising any trust or power conferred on the Trustee. Subject to Section 7.01, howeverHowever, the Trustee may refuse to follow any direction that conflicts with any law or this Indenture, the Notes or the Guarantees or, subject to Sections 7.1 and 7.2, that the Trustee determines in good faith may be is unduly prejudicial to the rights of another Holder, other Holders or that may would involve the Trustee in personal liability; provided provided, however, that the Trustee may take any other action deemed proper by the Trustee which that is not inconsistent with such direction. In the event the Trustee takes Prior to taking any such action or follows any direction pursuant to this Indenturehereunder, the Trustee shall be entitled to indemnification reasonably satisfactory to it against any loss or expense all losses and expenses caused by taking or not taking such action or following such directionaction.

Appears in 1 contract

Sources: Indenture (Citadel Broadcasting Corp)

Control by Majority. The Holders of not less than a majority in aggregate principal amount of the then outstanding Notes of a single maturity 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 the TrusteeTrustee 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 in good faith may be is unduly prejudicial to the rights of another Holder, Holder of such Notes or that may would involve the Trustee in personal liability; provided provided, however, that the Trustee may take any other action deemed proper by the Trustee which that is not inconsistent with such direction. In the event the Trustee takes Prior to taking any action or follows any direction pursuant to this Indenturehereunder, the Trustee shall be entitled to indemnification satisfactory to 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 (Qwest Communications International Inc)

Control by Majority. The Holders of not less than a majority in aggregate principal amount of the Notes then outstanding Notes may direct the time, method and place of conducting any proceeding for exercising any remedy available to the Trustee or of exercising any trust or power conferred on the TrusteeTrustee by this Indenture; provided that such direction shall not be in conflict with any rule of law or with this Indenture. 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 in good faith may be is unduly prejudicial to the rights of another Holder, other Noteholders or that may would involve the Trustee in personal liability; provided provided, however, that the Trustee may take any other action deemed proper by the Trustee which that is not inconsistent with such direction. In the event the Trustee takes Prior to taking any action or follows any direction pursuant to this Indenturehereunder, the Trustee shall be entitled to indemnification satisfactory to 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: Merger Agreement (Watson Wyatt Worldwide, Inc.)

Control by Majority. The Holders of not less than a majority in principal amount of the then outstanding Notes may direct the time, method and place of conducting any proceeding for exercising any remedy available to the Trustee or exercising of exer- cising any trust or power conferred on the 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 in good faith may be is unduly prejudicial to the rights of another Holder, other Holders of the Notes or that may would involve the Trustee in personal liability; provided provided, however, that the Trustee may take any other action deemed proper by the Trustee which that is not inconsistent with such direction. In the event the Trustee takes Prior to taking any action or follows any direction pursuant to this Indenturehereunder, the Trustee shall be entitled to indemnification reasonably satisfactory to it against any loss or expense all losses and expenses caused by taking or not taking such action or following such directionaction.

Appears in 1 contract

Sources: Indenture (Mobile Field Office Co)

Control by Majority. The Holders of not less than a majority in principal amount of the then outstanding Notes may direct the time, method and place of conducting any proceeding for exercising any remedy available to the Trustee or exercising any trust or power conferred on the Trusteeit. Subject to Section 7.01, however, the Trustee may refuse to follow any direction that conflicts with any law or this Indenture, that the Trustee determines in good faith may be unduly prejudicial to the rights of another Holder, or that may involve the Trustee in personal liability; provided that the Trustee may take any other action deemed proper by the Trustee which is not inconsistent with such direction. In the event the Trustee takes 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 then outstanding Notes may direct the time, method and place of conducting any proceeding for exercising any remedy available to the Trustee or exercising any trust or power conferred on the Trusteeit. Subject to Section 7.01However, however, (i) the Trustee may refuse to follow any direction that conflicts with any law or this Indenture, that the Trustee determines in good faith may be unduly prejudicial to the rights of another Holder, other Holders of Notes or that may involve the Trustee in personal liability; provided that , (ii) the Trustee may take any other action deemed proper by the Trustee which is not inconsistent with such direction. In the event the Trustee takes direction and (iii) prior to taking any action or follows any direction pursuant to this Indenturesuch action, the Trustee shall be entitled to indemnification security and indemnity satisfactory to it in its sole discretion against any loss or expense all losses, liabilities that might be incurred by it and expenses caused by taking or not taking such action or following such directionaction.

Appears in 1 contract

Sources: Indenture Agreement (TUTOR PERINI Corp)

Control by Majority. The Holders of not less than a majority in principal amount of the then outstanding Notes may direct the time, method and place of conducting any proceeding for exercising any remedy available to the Trustee or of exercising any trust or power conferred on the 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 Sections 7.1 and 7.2, that the Trustee determines in good faith may be is unduly prejudicial to the rights of another Holder, other Noteholders or that may would involve the Trustee in personal liability; provided provided, however, that the Trustee may take any other action deemed proper by the Trustee which that is not inconsistent with such direction. In the event the Trustee takes Prior to taking any action or follows any direction pursuant to this Indenturehereunder, the Trustee shall be entitled to indemnification satisfactory to 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 (Earth Products, Inc.)

Control by Majority. The Subject to Section 7.02, the ------------------- Holders of not less than a majority in aggregate principal amount of the then outstanding Notes may direct the time, method and place of conducting any proceeding for exercising any remedy available to the Trustee or of exercising any trust or power conferred on the Trustee. Subject to Section 7.01, howeverHowever, the Trustee may refuse to follow any direction that conflicts with any law or this Indenture, Indenture or that the Trustee determines in good faith may be is unduly prejudicial to the rights of another Holder, other Noteholders or that may would involve the Trustee in personal liability; provided provided, however, that the Trustee may take any other action deemed proper by -------- ------- the Trustee which that is not inconsistent with such direction. In the event the Trustee takes Prior to taking any action or follows any direction pursuant to this Indenturehereunder, the Trustee shall be entitled to indemnification satisfactory to 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 (Iron Age Corp)

Control by Majority. The Holders of not less than a majority in principal amount at maturity of the then outstanding Notes may direct the time, method and place of conducting any proceeding for exercising any remedy available to the Trustee or exercising any trust or power conferred on the Trusteeit. Subject to Section 7.01, however, the Trustee may refuse to follow any direction that conflicts with any law or this Indenture, that the Trustee determines in good faith may be unduly prejudicial to the rights of another HolderNoteholder, or that may involve the Trustee in personal liability; provided that the Trustee may take any other action deemed proper by the Trustee which is not inconsistent with such direction. In the event the Trustee takes any action or follows any direction pursuant to this Indenture, the Trustee shall be entitled to indemnification against any loss or expense caused by taking such action or following such direction.

Appears in 1 contract

Sources: Indenture (Nortek Holdings Inc)

Control by Majority. The Subject to Section 5.12 of the Original Indenture, the Holders of not less than the Notes of a majority in principal amount of the then outstanding Outstanding Notes may direct the time, method and place of conducting any proceeding for exercising any remedy available to the Trustee or exercising any trust or power conferred on the Trustee. Subject to Section 7.01, howeverHowever, the Trustee may refuse to follow any direction that conflicts with any law or this Indenture, Indenture or that the Trustee determines in good faith may be is unduly prejudicial to the rights of another HolderHolder of the Notes; provided, or that may involve the Trustee in personal liability; provided however, that the Trustee may take any other action deemed proper by the Trustee which is not inconsistent with such directiondirection or the Indenture. 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: First Supplemental Indenture (Evergreen Solar Inc)

Control by Majority. The Holders of not less than a majority in principal amount of the then outstanding Notes may direct the time, method and place of conducting any proceeding for exercising any remedy available to the Trustee or of exercising any trust or power conferred on the 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 Sections 7.1 and 7.2, that the Trustee determines in good faith may be is unduly prejudicial to the rights of another Holder, other Holders or that may would involve the Trustee in personal liability; provided provided, however, that the Trustee may take any other action deemed proper by the Trustee which that is not inconsistent with such direction. In the event the Trustee takes Prior to taking any such action or follows any direction pursuant to this Indenturehereunder, the Trustee shall be entitled to indemnification satisfactory to it against any loss or expense all fees, losses, liabilities 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 (Infor, Inc.)

Control by Majority. The Holders of not less than a majority in principal amount of the then outstanding Notes may direct the time, method and place of conducting any proceeding for exercising any remedy available to the Trustee or of exercising any trust or power conferred on the 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 in good faith may be is unduly prejudicial to the rights of another Holder, other Holders or that may would involve the Trustee in personal liability; provided PROVIDED, HOWEVER, that the Trustee may take any other action deemed proper by the Trustee which that is not inconsistent with such direction. In the event the Trustee takes Prior to taking any action or follows any direction pursuant to this Indenturehereunder, the Trustee shall be entitled to indemnification satisfactory to 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 (Berry Plastics Corp)