📄 Extracted Text (504 words)
In any Proceedings brought by the Trustee (and any Proceedings involving the
interpretation of any provision of this Indenture to which the Trustee shall be a party), the
Trustee shall be held to represent all the Holders of the Notes.
Section 5.7 Application of Cash Collected.
Any Cash collected by the Trustee with respect to the Notes pursuant to this
Article 5 and any Cash that may then be held or thereafter received by the Trustee with respect to
the Notes hereunder shall be applied, subject to Section 13.1 and in accordance with the
provisions of Section 11.1, at the date or dates fixed by the Trustee.
Section 5.8 Limitation on Suits.
No Holder of any Note shall have any right to institute any Proceedings, judicial
or otherwise, with respect to this Indenture, or for the appointment of a receiver or trustee, or for
any other remedy hereunder, unless:
(a) such Holder has previously given to the Trustee written notice of an Event
of Default;
(b) the Holders of not less than 25% of the then Aggregate Principal Amount
of the Notes of the Controlling Class shall have made a written request to the Trustee to institute
Proceedings in respect of such Event of Default in its own name as Trustee hereunder and such
Holders have offered to the Trustee reasonable indemnity against the costs, expenses and
liabilities to be incurred in compliance with such request;
(c) the Trustee for 30 days after its receipt of such notice, request and offer of
indemnity has failed to institute any such Proceeding; and
(d) if the Holders of 50% or less of the Aggregate Principal Amount of the
Controlling Class have requested initiation of proceedings, no written direction inconsistent with
such written request has been given to the Trustee during such 30 day period by the Holders of at
least 25% of the Aggregate Principal Amount of the Controlling Class; it being understood and
intended that no one or more Holders of Notes shall have any right in any manner whatever by
virtue of, or by availing of, any provision of this Indenture to affect, disturb or prejudice the
rights of any other Holders of Notes of the same Class or to obtain or to seek to obtain priority or
preference over any other Holders of the Notes of the same Class or to enforce any right under
this Indenture, except in the manner herein provided and for the equal and ratable benefit of all
the Holders of Notes of the same Class subject to and in accordance with Section 13.1 and the
Priority of Payments.
In the event the Trustee shall receive conflicting or inconsistent requests and
indemnity from two or more groups of Holders of the Controlling Class, each representing less
than 66 2/3% of the Controlling Class, the Trustee in its sole discretion may determine what
action, if any, shall be taken, notwithstanding any other provisions of this Indenture.
101
CONFIDENTIAL - PURSUANT TO FED. R. CRIM. P. 6(e) DB-SDNY-0072536
CONFIDENTIAL SDNY_GM_00218720
EFTA01376418
ℹ️ Document Details
SHA-256
9383dc91139fa20aa7e4fa394707f392d949f8692e1a35c8a106aa1779046be0
Bates Number
EFTA01376418
Dataset
DataSet-10
Document Type
document
Pages
1
Comments 0