Common use of Enforcement by the Noteholders Clause in Contracts

Enforcement by the Noteholders. No Noteholder or Couponholder shall be entitled to proceed directly against the Issuer or any Guarantor unless the Trustee, having become bound so to proceed, fails so to do within a reasonable period and the failure shall be continuing.

Appears in 3 contracts

Samples: Trust (Caesars Entertainment, Inc.), Luxottica Group Spa, Luxottica Group Spa

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Enforcement by the Noteholders. No Noteholder or Couponholder shall be entitled to proceed directly against the Issuer or any Guarantor unless the Trustee, having become bound so to proceed, fails so to do within a reasonable period and the failure shall be continuing.

Appears in 1 contract

Samples: PPL Corp

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Enforcement by the Noteholders. No Noteholder or Couponholder shall be entitled to proceed directly against the Issuer or any the Guarantor unless the Trustee, having become bound so to proceed, fails so to do within a reasonable period and the failure shall be continuing.

Appears in 1 contract

Samples: Pearson PLC

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