Common use of Purposes for Which Noteholders’ Meetings May Be Called Clause in Contracts

Purposes for Which Noteholders’ Meetings May Be Called. A meeting of Noteholders may be called at any time and from time to time pursuant to this Article Nine for any of the following purposes: A. to give any notice to the Trustee or the Corporation, or to give any directions to the Trustee, or to consent to the waiving of any default hereunder and its consequences, or to take any other action authorized to be taken by Noteholders pursuant to Article Six hereof; B. to remove the Trustee and appoint a successor trustee pursuant to Article Seven hereof; C. to consent to the execution of any Supplemental Indenture pursuant to Article Eight hereof; or D. to take any other action authorized to be taken by or on behalf of the Holders of any specified aggregate Principal Amount of the Notes under any other provision of this Indenture or under applicable law.

Appears in 5 contracts

Sources: Indenture of Trust (Education Loans Inc /De), Indenture of Trust (Education Loans Inc /De), Indenture of Trust (Education Loans Inc /De)

Purposes for Which Noteholders’ Meetings May Be Called. A meeting of Noteholders may be called at any time and from time to time pursuant to this Article Nine Ten for any of the following purposes: A. to give any notice to the Trustee or the Corporation, or to give any directions to the Trustee, or to consent to the waiving of any default hereunder and its consequences, or to take any other action authorized to be taken by Noteholders pursuant to Article Six Seven hereof; B. to remove the Trustee and appoint a successor trustee pursuant to Article Seven Eight hereof; C. to consent to the execution of any Supplemental Indenture pursuant to Article Eight Nine hereof; or D. to take any other action authorized to be taken by or on behalf of the Holders of any specified aggregate Principal Amount of the Notes under any other provision of this Indenture or under applicable law.

Appears in 1 contract

Sources: Indenture of Trust (Education Loans Inc /De)