Action on Instructions. The rights and remedies of the Security Trustee hereunder are subject to Article 6 (Remedies of the Trustee and Holder on Event of Default) of the Indenture, and the Security Trustee will only be permitted, subject to applicable law, to exercise remedies, including to sell the Collateral, at the direction of the Trustee or the Holders of a majority in principal amount of the Outstanding Secured Notes.
Appears in 2 contracts
Sources: Aircraft Mortgage and Security Agreement (General Electric Capital Corp), Aircraft Mortgage and Security Agreement (General Electric Capital Corp)
Action on Instructions. The rights and remedies of the Security Trustee hereunder are subject to Article 6 (Remedies V of the Trustee and Holder on Event of Default) of the Indenture, Indenture and the Security Trustee will only be permitted, subject to applicable law, to exercise remedies, including to sell the Collateral, at the direction of the Trustee or the Holders holders of a majority in principal amount of the Securities Outstanding Secured Notesin respect of the Accelerated Series.
Appears in 1 contract
Sources: Aircraft Mortgage and Security Agreement (International Lease Finance Corp)