Limitation on Rights of Bondholders. No Bondholder shall have any right to institute a suit with respect hereto except as provided in the applicable Resolution and for the equal benefit of all Bondholders.
Limitation on Rights of Bondholders. No Bondholder shall have any right to vote (except as provided in Sections 6.01, 7.01, and 9.01 herein and Section 5.4 of the Indenture) or in any manner otherwise control the operation and management of the Trust, or the obligations of the parties hereto, nor shall anything herein set forth, or contained in the terms of the Bonds, be construed so as to constitute the Bondholders from time to time as partners or members of an association; nor shall any Bondholder be under any liability to any third person by reason of any action taken by the parties to this Agreement pursuant to any provision hereof. No Bondholder shall have any right by virtue or by availing itself of any provisions of this Agreement to institute any suit, action or proceeding in equity or at law upon or under or with respect to this Agreement, unless such Holder previously shall have given to the Indenture Trustee a written notice of default and of the continuance thereof, as hereinbefore provided, and unless also the Holders of Bonds evidencing more than 50% of the Outstanding Amount of the Bonds shall have made written request upon the Indenture Trustee to institute such action, suit or proceeding in its own name as Indenture Trustee hereunder and shall have offered to the Indenture Trustee such reasonable indemnity as it may require against the costs, expenses and liabilities to be incurred therein or thereby, and the Indenture Trustee, for 60 days after its receipt of such notice, request and offer of indemnity, shall have neglected or refused to institute any such action, suit or proceeding; it being understood and intended, and being expressly covenanted by each Bondholder with every other Bondholder and the Indenture Trustee, that no one or more Holders of Bonds shall have any right in any manner whatever by virtue or by availing itself or themselves of any provisions of this Agreement to affect, disturb or prejudice the rights of the Holders of any other of the Bonds, or to obtain or seek to obtain priority over or preference to any other such Holder, or to enforce any right under this Agreement, except in the manner herein provided and for the equal, ratable and common benefit of all Bondholders. For the protection and enforcement of the provisions of this Section 9.03, each and every Bondholder and the Indenture Trustee shall be entitled to such relief as can be given either at law or in equity. Anything to the contrary notwithstanding, by accepting its Bond, each Bondholder ag...
Limitation on Rights of Bondholders. No holder of the Bonds shall have any right to institute a suit with respect to this Origination Agreement except as provided in the Indenture or any Supplemental Indenture.
