Common use of Limitation on Bondholders’ Right to Xxx Clause in Contracts

Limitation on Bondholders’ Right to Xxx. No Bondholder of any Bond issued hereunder shall have the right to institute any suit, action or proceeding at law or equity, for any remedy under or upon this Trust Agreement, unless (a) such Bondholder shall have previously given to the Trustee written notice of the occurrence of an event of default as defined in Section 7.01; (b) the Bondholders of at least a majority in aggregate principal amount of all the Bonds then Outstanding shall have made written request upon the Trustee to exercise the powers hereinbefore granted or to institute such suit, action or proceeding in its own name;

Limitation on Bondholders’ Right to Xxx. No Bondholder Holder of any Bond issued hereunder shall have the right to institute any suit, action or proceeding at law or equity, for any remedy under or upon this Trust Agreement, unless (a) such Bondholder Holder shall have previously given to the Trustee written notice of the occurrence of an event of default as defined in Section 7.018.01 hereunder; (b) the Bondholders Holders of at least a majority in aggregate principal amount Aggregate Principal Amount of all the Bonds then Outstanding shall have made written request upon the Trustee to exercise the powers hereinbefore granted or to institute such suit, action or proceeding in its own name;