Common use of Limitations on Suits Clause in Contracts

Limitations on Suits. Subject to Section 6.07 hereof, a Holder of a Security of any series may pursue a remedy with respect to this Indenture or the Securities of such series only if: (1) the Holder gives to the Trustee written notice of a continuing Event of Default with respect to such series; (2) the Holders of at least 25% in principal amount of the then outstanding Securities of such series make a written request to the Trustee to pursue the remedy; (3) such Holder or Holders offer to the Trustee indemnity satisfactory to the Trustee against any loss, liability or expense; (4) the Trustee does not comply with the request within 60 days after receipt of the request and the offer of indemnity; and (5) during such 60-day period the Holders of a majority in principal amount of the Securities of that series do not give the Trustee a direction inconsistent with the request. A Holder may not use this Indenture to prejudice the rights of another Holder or to obtain a preference or priority over another Holder.

Appears in 38 contracts

Sources: Indenture (Phillips 66), Indenture (Phillips 66 Co), Indenture (Shell Finance US Inc.)

Limitations on Suits. Subject to Section 6.07 hereof, a Holder of a Security of any series may pursue a remedy with respect to this Indenture or the Securities of such series or the related Guarantees, if any, only if: (1) the Holder gives to the Trustee written notice of a continuing Event of Default with respect to such series; (2) the Holders of at least 25% in principal amount of the then outstanding Securities of such series make a written request to the Trustee to pursue the remedy; (3) such Holder or Holders offer to the Trustee indemnity satisfactory to the Trustee against any loss, liability or expense; (4) the Trustee does not comply with the request within 60 days after receipt of the request and the offer of indemnity; and (5) during such 60-day period period, the Holders of a majority in principal amount of the Securities of that such series do not give the Trustee a direction inconsistent with the request. A Holder may not use this Indenture to prejudice the rights of another Holder or to obtain a preference or priority over another Holder.

Appears in 20 contracts

Sources: Subordinated Indenture (Pardril Inc), Senior Indenture (Pardril Inc), Senior Indenture (AMI 2, Inc.)

Limitations on Suits. Subject to Section 6.07 hereof, a Holder of a Security of any series may pursue a remedy with respect to this Indenture or the Securities of such that series only if: (1) the Holder gives to the Trustee written notice of a continuing Event of Default with respect to such that series; (2) the Holders of at least 25% in principal amount of the then outstanding Securities of such that series make a written request to the Trustee to pursue the remedy; (3) such Holder or Holders offer to the Trustee indemnity reasonably satisfactory to the Trustee against any loss, liability or expense; (4) the Trustee does not comply with the request within 60 days after receipt of the request and the offer of indemnity; and (5) during such that 60-day period period, the Holders of a majority in principal amount of the Securities of that series do not give the Trustee a direction inconsistent with the request. A Holder may not use this Indenture to prejudice the rights of another Holder or to obtain a preference or priority over another Holder.

Appears in 17 contracts

Sources: Subordinated Indenture (Oceaneering International Inc), Subordinated Indenture (Encore Operating Louisiana, LLC), Indenture (Nuveen Investments Inc)

Limitations on Suits. Subject to Section 6.07 hereof, a Holder of a Security of any series may pursue a remedy with respect to this Indenture or the Securities of such series only if: (1) the Holder gives to the Trustee written notice of a continuing Event of Default with respect to such series; (2) the Holders of at least 25% in principal amount of the then outstanding Securities of such series make a written request to the Trustee to pursue the remedy; (3) such Holder or Holders offer to the Trustee indemnity reasonably satisfactory to the Trustee against any loss, liability or expense; (4) the Trustee does not comply with the request within 60 days after receipt of the request and the offer of indemnity; and (5) during such 60-day period the Holders of a majority in principal amount of the Securities of that series do not give the Trustee a direction inconsistent with the request. A Holder may not use this Indenture to prejudice the rights of another Holder or to obtain a preference or priority over another Holder.

Appears in 17 contracts

Sources: Indenture (Petroleum Geo Services Asa), Indenture (R&b Falcon Corp), Subordinated Debt Indenture (Lyondell Trust Iii)

Limitations on Suits. Subject to Section 6.07 hereof, a Holder of a Security of any series may pursue a remedy with respect to this Indenture or the Securities of such series only if: (1) the Holder gives to the Trustee written notice of a continuing Event of Default with respect to such series; (2) the Holders of at least 25% in principal amount of the then outstanding Securities of such series make a written request to the Trustee to pursue the remedy; (3) such Holder or Holders offer to the Trustee indemnity satisfactory to the Trustee against any loss, liability or expense; (4) the Trustee does not comply with the request within 60 days after receipt of the request and the offer of indemnity; and (5) during such 60-day period period, the Holders of a majority in principal amount of the Securities of that such series do not give the Trustee a direction inconsistent with the request. A Holder may not use this Indenture to prejudice the rights of another Holder or to obtain a preference or priority over another Holder.

Appears in 7 contracts

Sources: Indenture (Civeo Corp), Indenture (Civeo Corp), Indenture (PostRock Energy Corp)

Limitations on Suits. Subject to Section 6.07 hereof7.07, a Holder of a Security of may not pursue any series may pursue a remedy with respect to this Indenture or the Securities of such series only ifunless: (1a) the Holder gives to the Trustee written notice of a continuing Event of Default with respect to such seriesDefault; (2b) the Holders of at least 25% in aggregate principal amount of the then outstanding Securities of such series make a written request to the Trustee to pursue the remedy; (3c) such Holder or Holders offer to the Trustee security or indemnity reasonably satisfactory to the Trustee against any loss, liability or expense; (4d) the Trustee does not comply with the request within 60 days after receipt of the notice, request and the offer of security or indemnity; and (5e) no direction inconsistent with such written request has been given to the Trustee during such 60-day period by the Holders of a majority in aggregate principal amount of the Securities of that series do not give the Trustee a direction inconsistent with the requestthen outstanding. A Holder Securityholder may not use this Indenture to prejudice the rights of another Holder Securityholder or to obtain a preference or priority over another Holdersuch other Securityholder.

Appears in 5 contracts

Sources: Indenture (Adc Telecommunications Inc), Indenture (Adc Telecommunications Inc), Indenture (Adc Telecommunications Inc)

Limitations on Suits. Subject to Section 6.07 hereof11.7, a Holder of a Security of may not pursue any series may pursue a remedy with respect to this Indenture or the Securities of such series only ifunless: (1) the Holder gives to the Trustee written notice of a continuing Event of Default with respect to such seriesDefault; (2) the Holders of at least 25% in aggregate principal amount of the then outstanding Securities of such series make a written request to the Trustee to pursue the remedy; (3) such Holder or Holders offer to the Trustee security or indemnity reasonably satisfactory to the Trustee against any loss, liability or expense; (4) the Trustee does not comply with the request within 60 days after receipt of the notice, request and the offer of security or indemnity; and (5) no direction inconsistent with such written request has been given to the Trustee during such 60-day period by the Holders of a majority in aggregate principal amount of the Securities of that series do not give the Trustee a direction inconsistent with the requestthen outstanding. A Holder Securityholder may not use this Indenture to prejudice the rights of another Holder Securityholder or to obtain a preference or priority over another Holdersuch other Securityholder.

Appears in 4 contracts

Sources: Purchase Agreement (C&d Technologies Inc), Indenture (Cheniere Energy Inc), Indenture (C&d Technologies Inc)

Limitations on Suits. Subject to Section 6.07 hereof, a A Holder of a Security of may not pursue any series may pursue a remedy with respect to this Indenture or the Securities (except actions for payment of such series only ifoverdue principal or interest or for the conversion of the Securities pursuant to Article 4) unless: (1) the Holder gives to the Trustee written notice of a continuing Event of Default with respect to such seriesDefault; (2) the Holders of at least 25% in principal amount of the then outstanding Securities of such series make a written request to the Trustee to pursue the remedy; (3) such Holder or Holders offer to the Trustee reasonable indemnity satisfactory to the Trustee against any loss, liability or expense; (4) the Trustee does not comply with the request within 60 days after receipt of the request and the offer of indemnity; and (5) no direction inconsistent with such written request has been given to the Trustee during such 60-day period by the Holders of a majority in principal amount of the Securities of that series do not give the Trustee a direction inconsistent with the requestthen outstanding. A Holder Securityholder may not use this Indenture to prejudice the rights of another Holder Securityholder or to obtain a preference or priority over another Holdersuch other Securityholder.

Appears in 4 contracts

Sources: Indenture (Rf Micro Devices Inc), Indenture (Bisys Group Inc), Indenture (Rf Micro Devices Inc)

Limitations on Suits. Subject to Section 6.07 hereof, a Holder of a Security of any series may pursue a remedy with respect to this Indenture or the Securities of such series or any related Guarantees only if: (1) the Holder gives to the Trustee written notice of a continuing Event of Default with respect to such series; (2) the Holders of at least 25% in principal amount of the then outstanding Securities of such series make a written request to the Trustee to pursue the remedy; (3) such Holder or Holders offer to the Trustee indemnity satisfactory to the Trustee against any loss, liability or expense; (4) the Trustee does not comply with the request within 60 days after receipt of the request and the offer of indemnity; and (5) during such 60-day period the Holders of a majority in principal amount of the Securities of that series do not give the Trustee a direction inconsistent with the request. A Holder may not use this Indenture to prejudice the rights of another Holder or to obtain a preference or priority over another Holder.

Appears in 3 contracts

Sources: Senior Indenture (Cloverdale Park, Inc.), Subordinated Indenture (Cloverdale Park, Inc.), Indenture (CCBM, Inc)

Limitations on Suits. Subject to Section 6.07 hereof, a Holder of a Security of any series may pursue a remedy with respect to this the Indenture or the Securities of such series Notes or any related Subsidiary Guarantees only if: (1) the Holder gives has previously given to the Trustee written notice of a continuing Event of Default with respect to such seriesDefault; (2) the Holders of at least 25% in aggregate principal amount of the then outstanding Securities of such series Notes make a written request to the Trustee to pursue the remedy; (3) such Holder or Holders offer and, if requested, provide to the Trustee indemnity satisfactory to the Trustee against any loss, liability or expense; (4) the Trustee does not comply with the request within 60 days after receipt of the request and the offer of indemnity; and (5) during such 60-day period the Holders of a majority in aggregate principal amount of the Securities of that series then outstanding Notes do not give the Trustee a direction inconsistent with the such request. A Holder may not use this the Indenture to prejudice the rights of another Holder or to obtain a preference or priority over another Holder.

Appears in 3 contracts

Sources: Indenture (Era Group Inc.), Indenture (Era Group Inc.), Indenture (Seacor Holdings Inc /New/)

Limitations on Suits. Subject to Section 6.07 hereof, a Holder of a Security of any series may pursue a remedy with respect to this Indenture or the Securities of such series or the related Guarantees, if any, only if: (1) the Holder gives to the Trustee written notice of a continuing Event of Default with respect to such series; (2) the Holders of at least 25% in principal amount of the then outstanding Securities of such series make a written request to the Trustee to pursue the remedy; (3) such Holder or Holders offer to the Trustee security or indemnity satisfactory to the Trustee against any loss, liability or expense; (4) the Trustee does not comply with the request within 60 days after receipt of the request and the offer of security or indemnity; and (5) during such 60-day period period, the Holders of a majority in principal amount of the Securities of that such series do not give the Trustee a direction inconsistent with the request. A Holder may not use this Indenture to prejudice the rights of another Holder or to obtain a preference or priority over another Holder.

Appears in 3 contracts

Sources: Indenture (LGI Homes, Inc.), Indenture (LGI Homes-Florida, LLC), Indenture (LGI Homes-Florida, LLC)

Limitations on Suits. Subject to Section 6.07 hereof, a Holder of a Security of any series may pursue a remedy with respect to this Indenture or the Securities of such series only if: (1) the Holder gives to the Trustee written notice of a continuing Event of Default with respect to such series; (2) the Holders of at least 25% in principal amount of the then outstanding Securities of such series make a written request to the Trustee to pursue the remedy; (3) such Holder or Holders offer to the Trustee indemnity reasonably satisfactory to the Trustee against any loss, liability or expense; (4) the Trustee does not comply with the request within 60 days after receipt of the request and the offer of indemnity; and (5) during such 60-day period period, the Holders of a majority in principal amount of the Securities of that series do not give the Trustee a direction inconsistent with the request. A Holder may not use this Indenture to prejudice the rights of another Holder or to obtain a preference or priority over another Holder.

Appears in 2 contracts

Sources: Indenture (Lennox Industries Inc), Indenture (Lennox Industries Inc)

Limitations on Suits. Subject to Section 6.07 hereof, a A Holder of a Security of may not pursue any series may pursue a remedy with respect to this Indenture or the Securities (except actions for payment of such series only ifoverdue principal or interest, Contingent Interest, if any, or Liquidated Damages, if any, or for the conversion of the Securities pursuant to Article 5) unless: (1a) the Holder gives to the Trustee written notice of a continuing Event of Default with respect to such seriesDefault; (2b) the Holders of at least 25% in aggregate principal amount of the then outstanding Securities of such series make a written request to the Trustee to pursue the remedy; (3c) such Holder or Holders offer to the Trustee indemnity satisfactory to the Trustee against any loss, liability or expense; (4d) the Trustee does not comply with the request within 60 days after receipt of the request and the offer of indemnity; and (5e) no direction inconsistent with such written request has been given to the Trustee during such 60-day period by the Holders of a majority in aggregate principal amount of the Securities of that series do not give the Trustee a direction inconsistent with the requestthen outstanding. A Holder Securityholder may not use this Indenture to prejudice the rights of another Holder Securityholder or to obtain a preference or priority over another Holdersuch other Securityholder.

Appears in 2 contracts

Sources: Indenture (Actuant Corp), Indenture (Actuant Corp)

Limitations on Suits. Subject to Section 6.07 hereof8.07, a Holder of a Security of may not pursue any series may pursue a remedy with respect to this Indenture or the Securities of such series only ifunless: (1a) the Holder gives to the Trustee written notice of a continuing Event of Default with respect to such seriesDefault; (2b) the Holders of at least 25% in aggregate principal amount of the then outstanding Securities of such series make a written request to the Trustee to pursue the remedy; (3c) such Holder or Holders offer to the Trustee security or indemnity reasonably satisfactory to the Trustee against any loss, liability or expense; (4d) the Trustee does not comply with the request within 60 days after receipt of the notice, request and the offer of security or indemnity; and (5e) no direction inconsistent with such written request has been given to the Trustee during such 60-day period by the Holders of a majority in aggregate principal amount of the Securities of that series do not give the Trustee a direction inconsistent with the requestthen outstanding. A Holder Securityholder may not use this Indenture to prejudice the rights of another Holder Securityholder or to obtain a preference or priority over another Holdersuch other Securityholder.

Appears in 2 contracts

Sources: Indenture (Blackboard Inc), Indenture (Blackboard Inc)

Limitations on Suits. Subject to Section 6.07 hereof, a Holder of a Security of any series may pursue a remedy with respect to this Indenture or the Securities of such series only if: (1) the Holder gives to the Trustee written notice of a continuing Event of Default with respect to such series; (2) the Holders of at least 25% in principal amount of the then outstanding Securities of such series make a written request to the Trustee to pursue the remedy; (3) such Holder or Holders offer to the Trustee indemnity satisfactory to the Trustee against any loss, liability or expense; (4) the Trustee does not comply with the request within 60 days after receipt of the request and the offer of indemnity; and (5) during such 60-60- day period the Holders of a majority in principal amount of the Securities of that series do not give the Trustee a direction inconsistent with the request. A Holder may not use this Indenture to prejudice the rights of another Holder or to obtain a preference or priority over another Holder.

Appears in 2 contracts

Sources: Indenture (Heritage Operating Lp), Indenture (ETC Texas Pipeline, LTD)

Limitations on Suits. Subject to Section 6.07 5.07 hereof, a Holder of a Security of any series may pursue a remedy with respect to this Indenture or the Securities of such series only if: (1a) the such Holder gives to the Trustee written notice of a continuing Event of Default with respect to such seriesDefault; (2b) the Holders of at least 25% in principal amount of the Securities of the affected series then outstanding Securities of such series make a written request to the Trustee to pursue the remedy; (3c) such Holder or Holders offer to the Trustee indemnity satisfactory to the Trustee against any loss, liability or expense; (4d) the Trustee does not comply with the request within 60 days after receipt of the request and the offer of indemnity; and (5e) during such 60-day period the Holders of a majority in principal amount of the such Securities of that series do not give the Trustee a direction inconsistent with the request. A Holder may not use this Indenture to prejudice the rights of another Holder or to obtain a preference or priority over another Holder.

Appears in 2 contracts

Sources: Indenture (El Paso Natural Gas Co), Indenture (El Paso Natural Gas Co)

Limitations on Suits. Subject to Section 6.07 hereof5.07, a Holder of a Security of any series may pursue a remedy with respect to this Indenture (including the Guarantees) or the Securities of such series only if: (1i) the such Holder gives to the Trustee written notice of a continuing Event of Default with respect to such seriesDefault; (2ii) the Holders of at least 25% in aggregate principal amount of the Securities then outstanding Securities of such series make a written request to the Trustee to pursue the remedy; (3iii) such Holder or Holders offer furnish to the Trustee reasonable indemnity satisfactory to the Trustee against any loss, liability or expense; (4iv) the Trustee does not comply with the request within 60 days after receipt of the request and the offer furnishing of indemnity; and (5v) during such 60-day period the Holders of a majority in aggregate principal amount of the Securities of that series then outstanding do not give the Trustee a direction inconsistent with the request. A Holder may not use this Indenture to prejudice the rights of another Holder or to obtain a preference or priority over another Holder.

Appears in 2 contracts

Sources: Indenture (Nabors Industries LTD), Indenture (Nabors Industries LTD)

Limitations on Suits. Subject to Section 6.07 5.07 hereof, a Holder of a Security of any series may pursue a remedy with respect to this Indenture (including the Guarantees) or the Securities of such any series only if: (1) the Holder gives to the Trustee written notice of a continuing Event of Default with respect to such seriesDefault; (2) the Holders of at least 25% in principal amount of the then outstanding Securities of such series then outstanding make a written request to the Trustee to pursue the remedy; (3) such Holder or Holders offer to the Trustee indemnity reasonably satisfactory to the Trustee against any loss, liability or expense; (4) the Trustee does not comply with the request within 60 days after receipt of the request and the offer of indemnity; and (5) during such 60-day period the Holders of a majority in principal amount of the Securities of that such series do not give the Trustee a direction inconsistent with the request. A Holder may not use this Indenture to prejudice the rights of another Holder or to obtain a preference or priority over another Holder.

Appears in 2 contracts

Sources: Indenture (R&b Falcon Corp), Indenture (R&b Falcon Corp)

Limitations on Suits. Subject to Section 6.07 hereof, a no Holder of a Security of any series may pursue a any remedy with respect to this Indenture or the Securities of such series only ifNotes unless: (1a) the such Holder gives to has previously given the Trustee written notice of a continuing that an Event of Default with respect to such seriesthe Notes is continuing; (2b) the Holders of at least 25% in principal amount of the then outstanding Securities of such series make a written request to Notes have requested in writing that the Trustee to pursue the remedy; (3c) such Holder or Holders offer to have offered the Trustee security or indemnity satisfactory to the Trustee in its sole discretion against any losscost, liability or expense; (4d) the Trustee does has not comply complied with the such request within 60 days after the receipt of the request and the offer of security or indemnity; and (5e) during such 60-day period the Holders of a majority in principal amount of the Securities of that series do outstanding Notes have not give given the Trustee a direction that, in the opinion of the Trustee, is inconsistent with the requestsuch request within such 60-day period. A Holder may not use this Indenture to prejudice the rights of another Holder or to obtain a preference or priority over another Holder.

Appears in 2 contracts

Sources: Fourth Supplemental Indenture (Energy Transfer Equity, L.P.), First Supplemental Indenture (Energy Transfer Equity, L.P.)

Limitations on Suits. Subject to Section 6.07 hereof, a Holder of a Security of any series may pursue a remedy with respect to this Indenture or the Securities of such series or the related Guarantees, if any, only if: (1) the Holder gives to the Trustee written notice of a continuing Event of Default with respect to such series; (2) the Holders of at least 25% in principal amount of the then outstanding Securities of such series make a written request to the Trustee to pursue the remedy; (3) such Holder or Holders offer to the Trustee indemnity satisfactory to the Trustee against any loss, liability or expense; (4) the Trustee does not comply with the request within 60 days after receipt of the request and the offer of security or indemnity; and (5) during such 60-day period period, the Holders of a majority in principal amount of the Securities of that such series do not give the Trustee a direction inconsistent with the request. A Holder may not use this Indenture to prejudice the rights of another Holder or to obtain a preference or priority over another Holder.

Appears in 2 contracts

Sources: Indenture (EQT Corp), Indenture (EQT Midstream Partners, LP)

Limitations on Suits. Subject to Section 6.07 hereof, a A Holder of a Security of may not pursue any series may pursue a remedy with respect to this Indenture or the Securities of such series only ifunless: (1a) the Holder gives to the Trustee written notice of a continuing Event of Default with respect to such seriesDefault; (2b) the Holders of at least 25% in aggregate principal amount of the then outstanding Securities of such series make a written request to the Trustee to pursue the remedy; (3c) such Holder or Holders offer to the Trustee reasonable indemnity satisfactory to the Trustee against any loss, liability or expense; (4d) the Trustee does not comply with the request within 60 days after receipt of the request and the offer of indemnity; and (5e) no direction inconsistent with such written request has been given to the Trustee during such 60-day period by the Holders of a majority in aggregate principal amount of the Securities of that series do not give the Trustee a direction inconsistent with the requestthen outstanding. A Holder may not use this Indenture to prejudice the rights of another Holder or to obtain a preference or priority over another such other Holder.

Appears in 2 contracts

Sources: Indenture (Rambus Inc), Indenture (Rambus Inc)

Limitations on Suits. Subject to Section 6.07 hereof, a Holder of a Security of any series may pursue a remedy with respect to this Indenture or the Securities of such series or the related Guarantees only if: (1) the Holder gives to the Trustee written notice of a continuing Event of Default with respect to such series; (2) the Holders of at least 25% in principal amount of the then outstanding Securities of such series make a written request to the Trustee to pursue the remedy; (3) such Holder or Holders offer to the Trustee indemnity satisfactory to the Trustee against any loss, liability or expense; (4) the Trustee does not comply with the request within 60 days after receipt of the request and the offer of indemnity; and (5) during such 60-day period the Holders of a majority in principal amount of the Securities of that series do not give the Trustee a direction inconsistent with the request. A Holder may not use this Indenture to prejudice the rights of another Holder or to obtain a preference or priority over another Holder.

Appears in 2 contracts

Sources: Indenture (K-Sea Transportation Inc.), Indenture (K-Sea Transportation Inc.)

Limitations on Suits. Subject to Section 6.07 hereof, a Holder of a Security of any series may pursue a remedy with respect to this Indenture or the Securities of such series or the related Guarantees, if any, only if: (1) the Holder gives to the Trustee written notice of a continuing Event of Default with respect to such series; (2) the Holders of at least 25% in principal amount of the then outstanding Securities of such series make a written request to the Trustee to pursue the remedy; (3) such Holder or Holders offer to the Trustee indemnity satisfactory to the Trustee against any loss, liability or expense; (4) the Trustee does not comply with the request within 60 days after receipt of the request and the offer of indemnity; and (5) during such 60-day period the Holders of a majority in principal amount of the Securities of that series do not give the Trustee a direction inconsistent with the request. A Holder may not use this Indenture to prejudice the rights of another Holder or to obtain a preference or priority over another Holder.

Appears in 2 contracts

Sources: Indenture Agreement (K-Sea Transportation Inc.), Indenture (K-Sea Transportation Inc.)

Limitations on Suits. Subject to Section 6.07 hereof5.07, a Holder of a Security of any series may pursue a remedy with respect to this Indenture (including the Guarantees) or the Securities of such series only if: (1) the such Holder gives to the Trustee written notice of a continuing Event of Default with respect to such seriesDefault; (2) the Holders of at least 25% in aggregate principal amount of the Securities then outstanding Securities of such series make a written request to the Trustee to pursue the remedy; (3) such Holder or Holders offer furnish to the Trustee reasonable indemnity satisfactory to the Trustee against any loss, liability or expense; (4) the Trustee does not comply with the request within 60 days after receipt of the request and the offer furnishing of indemnity; and (5) during such 60-day period the Holders of a majority in principal amount of the Securities of that series do not give the Trustee a direction inconsistent with the request. A Holder may not use this Indenture to prejudice the rights of another Holder or to obtain a preference or priority over another Holder.

Appears in 2 contracts

Sources: Indenture (Nabors Industries LTD), Indenture (Nabors Industries LTD)

Limitations on Suits. Subject to Section 6.07 7.07 hereof, a Holder of a Security of any series may pursue a remedy with respect to this the Indenture or the Securities of such series Notes or any related Subsidiary Guarantees only if: (1) the Holder gives has previously given to the Trustee written notice of a continuing Event of Default with respect to such seriesDefault; (2) the Holders of at least 25% in aggregate principal amount of the then outstanding Securities of such series Notes make a written request to the Trustee to pursue the remedy; (3) such Holder or Holders offer and, if requested, provide to the Trustee indemnity satisfactory to the Trustee against any loss, liability or expense; (4) the Trustee does not comply with the request within 60 days after receipt of the request and the offer of indemnity; and (5) during such 60-day period the Holders of a majority in aggregate principal amount of the Securities of that series then outstanding Notes do not give the Trustee a direction inconsistent with the such request. A Holder may not use this the Indenture to prejudice the rights of another Holder or to obtain a preference or priority over another Holder.

Appears in 2 contracts

Sources: Indenture (Bristow Group Inc), Third Supplemental Indenture (Bristow Group Inc)

Limitations on Suits. Subject to Section 6.07 hereof8.7, a Holder of a Security of may not pursue any series may pursue a remedy with respect to this Indenture or the Securities of such series only ifunless: (1) the Holder gives to the Trustee written notice of a continuing Event of Default with respect to such seriesDefault; (2) the Holders of at least 25% in principal amount aggregate Principal Amount of the then outstanding Securities of such series make a written request to the Trustee to pursue the remedy; (3) such Holder or Holders offer to the Trustee adequate security or full indemnity reasonably satisfactory to the Trustee against any loss, liability or expense; (4) the Trustee does not comply with the request within 60 days after receipt of the notice, request and the offer of adequate security or full indemnity; and (5) no direction inconsistent with such written request has been given to the Trustee during such 60-day period by the Holders of a majority in principal amount aggregate Principal Amount of the Securities of that series do not give the Trustee a direction inconsistent with the requestthen outstanding. A Holder Securityholder may not use this Indenture to prejudice the rights of another Holder Securityholder or to obtain a preference or priority over another Holdersuch other Securityholder.

Appears in 1 contract

Sources: Indenture (Rayonier Inc)

Limitations on Suits. Subject to Section 6.07 5.07 hereof, a Holder of a Security of any series may pursue a remedy with respect to this Indenture or the Securities of such series only if: (1i) the such Holder gives to the Trustee written notice of a continuing Event of Default with respect to such seriesDefault; (2ii) the Holders of at least 25% in principal amount of the Securities then outstanding Securities of such series make a written request to the Trustee to pursue the remedy; (3iii) such Holder or Holders offer to the Trustee indemnity satisfactory to the Trustee against any loss, liability or expense; (4iv) the Trustee does not comply with the request within 60 days after receipt of the request and the offer of indemnity; and (5v) during such 60-day period the Holders of a majority in principal amount of the Securities of that series do not give the Trustee a direction inconsistent with the request. A Holder may not use this Indenture to prejudice the rights of another Holder or to obtain a preference or priority over another Holder.. -39-

Appears in 1 contract

Sources: Indenture (Anr Pipeline Co)

Limitations on Suits. Subject to Section 6.07 hereof, a (a) A Holder of a Security of any series may pursue a remedy with respect to this Indenture Indenture, the Subsidiary Guarantees or the Securities of such series Notes only if: (1i) the Holder gives to the Trustee written notice of a continuing Event of Default with respect to such seriesDefault; (2ii) the Holders Holder(s) of at least 25% 25 percent in principal amount of the then outstanding Securities of such series Notes make a written request to the Trustee to pursue the remedy; (3iii) such Holder or Holders offer to the Trustee indemnity satisfactory to the Trustee against any loss, liability or expense; (4iv) the Trustee does not comply with the request within 60 days after receipt of the request and the offer of indemnity; and (5v) during such 60-day period the Holders of a majority in principal amount of the Securities of that series then outstanding Notes do not give the Trustee a direction inconsistent with the request. . (b) A Holder may not use this Indenture to prejudice the rights of another Holder or to obtain a preference or priority over another Holder.

Appears in 1 contract

Sources: Indenture (Beazer Homes Texas Lp)

Limitations on Suits. Subject to Section 6.07 hereof8.7, a Holder of a Security of may not pursue any series may pursue a remedy with respect to this Indenture or the Securities of such series only ifunless: (1) the Holder gives to the Trustee written notice of a continuing Event of Default with respect to such seriesDefault; (2) the Holders of at least 25% in principal amount aggregate Principal Amount of the then outstanding Securities of such series make a written request to the Trustee to pursue the remedy; (3) such Holder or Holders offer to the Trustee adequate security or full indemnity reasonably satisfactory to the Trustee against any loss, liability or expense; (4) the Trustee does not comply with the request within 60 days after receipt of the notice, request and the offer of adequate security or full indemnity; and (5) no direction inconsistent with such written request has been given to the Trustee during such 60-day period by the Holders of a majority in principal amount aggregate Principal Amount of the Securities of that series do not give the Trustee a direction inconsistent with the requestthen outstanding. A Holder Securityholder may not use this Indenture to prejudice the rights of another Holder Securityholder or to obtain a preference or priority over another Holdersuch other Securityholder.

Appears in 1 contract

Sources: Indenture (Rayonier Inc)

Limitations on Suits. Subject to Section 6.07 hereof5.07, a Holder of a Security of any series may pursue a remedy with respect to this Indenture (including the Guarantees) or the Securities of such any series only if: (1) the such Holder gives to the Trustee written notice of a continuing Event of Default with respect to such seriesDefault; (2) the Holders of at least 25% in aggregate principal amount of the then outstanding Securities of such series then outstanding make a written request to the Trustee to pursue the remedy; (3) such Holder or Holders offer furnish to the Trustee reasonable indemnity satisfactory to the Trustee against any loss, liability or expense; (4) the Trustee does not comply with the request within 60 days after receipt of the request and the offer furnishing of indemnity; and (5) during such 60-day period the Holders of a majority in principal amount of the Securities of that such series do not give the Trustee a direction inconsistent with the request. A Holder may not use this Indenture to prejudice the rights of another Holder or to obtain a preference or priority over another Holder.

Appears in 1 contract

Sources: Indenture (Devon Energy Corp/De)

Limitations on Suits. Subject to Section 6.07 hereof, a A Holder of a Security of any series may not pursue a remedy with respect to this Indenture or the Securities of such series only ifunless: (1) the Holder gives to the Trustee written notice of a continuing Event of Default with respect to such seriesDefault; (2) the Holders of at least 30% (25% in the case of an Event of Default with respect to payment of principal of or interest on the Securities) in principal amount of the then outstanding Securities of such series make a written request to the Trustee to pursue the remedy; (3) such Holder or Holders offer to the Trustee indemnity satisfactory to the Trustee against any loss, liability or expense; (4) the Trustee does not comply with the request within 60 days after receipt of the request and the offer of indemnity; and (5) during such 60-day period the Holders of a majority in principal amount of the then outstanding Securities of that series do not give the Trustee a direction which is inconsistent with the request. A Holder may not use this Indenture to prejudice the rights of another Holder or to obtain a preference or priority over another Holder.

Appears in 1 contract

Sources: Indenture (World Color Press Inc /De/)

Limitations on Suits. Subject to Section 6.07 hereof, a no Holder of a Security of any series Note may pursue a any remedy with respect to this Indenture or the Securities of such series only ifNotes unless: (1) the such Holder gives to has previously given the Trustee written notice of a continuing that an Event of Default with respect to such seriesis continuing; (2) the Holders of at least 2530% in principal amount of the then total outstanding Securities of such series make a written request to Notes have requested in writing the Trustee to pursue the remedy; (3) such Holder or Holders offer to of the Notes have offered the Trustee security or indemnity satisfactory to the Trustee against any loss, liability or expenseexpense reasonably satisfactory to the Trustee; (4) the Trustee does has not comply complied with the such request within 60 days after the receipt of the request thereof and the offer of security or indemnity; and (5) during such 60-day period the Holders of a majority in principal amount of the Securities of that series do total outstanding Notes have not give given the Trustee a direction inconsistent with the requestsuch written request within such 60-day period. A Holder of a Note may not use this Indenture to prejudice the rights of another Holder of a Note or to obtain a preference or priority over another HolderHolder of a Note.

Appears in 1 contract

Sources: Indenture (West Corp)

Limitations on Suits. Subject to Section 6.07 5.07 hereof, a Holder of a Security of any series may pursue a remedy with respect to this Indenture or the Securities of such series only if: (1i) the such Holder gives to the Trustee written notice of a continuing Event of Default with respect to such seriesDefault; (2ii) the Holders of at least 25% in principal amount of the Securities then outstanding Securities of such series make a written request to the Trustee to pursue the remedy; (3iii) such Holder or Holders offer to the Trustee indemnity satisfactory to the Trustee against any loss, liability or expense; (4iv) the Trustee does not comply with the request within 60 days after receipt of the request and the offer of indemnity; and (5v) during such 60-day period the Holders of a majority in principal amount of the Securities of that series do not give the Trustee a direction inconsistent with the request. A Holder may not use this Indenture to prejudice the rights of another Holder or to obtain a preference or priority over another Holder.. -42-

Appears in 1 contract

Sources: Indenture (Southern Natural Gas Co)

Limitations on Suits. Subject to Section 6.07 hereof, a A Holder of a Security of may not pursue any series may pursue a remedy with respect to this Indenture or the Securities of such series only ifunless: (1a) the Holder gives to the Trustee written notice of a continuing Event of Default with respect to such seriesDefault; (2b) the Holders of at least 25% in aggregate principal amount of the then outstanding Securities of such series make a written request to the Trustee to pursue the remedy; (3c) such Holder or Holders offer offer, and if requested provide, to the Trustee reasonable indemnity satisfactory to the Trustee against any loss, liability or expense; (4d) the Trustee does not comply with the request within 60 days after receipt of the request and the offer of indemnity; and (5e) no direction inconsistent with such written request has been given to the Trustee during such 60-day period by the Holders of a majority in aggregate principal amount of the Securities of that series do not give the Trustee a direction inconsistent with the requestthen outstanding. A Holder may not use this Indenture to prejudice the rights of another Holder or to obtain a preference or priority over another such other Holder.

Appears in 1 contract

Sources: Indenture (Rambus Inc)

Limitations on Suits. Subject to Section 6.07 hereof, a Holder of a Security of any series may pursue a remedy with respect to this Indenture or the Securities of such series or any related Guarantee only if: (1) the Holder gives to the Trustee written notice of a continuing Event of Default with respect to such series; (2) the Holders of at least 25% in principal amount of the then outstanding Securities of such series make a written request to the Trustee to pursue the remedy; (3) such Holder or Holders offer to the Trustee indemnity satisfactory to the Trustee against any loss, liability or expense; (4) the Trustee does not comply with the request within 60 days after receipt of the request and the offer of indemnity; and (5) during such 60-day period the Holders of a majority in principal amount of the Securities of that series do not give the Trustee a direction inconsistent with the request. A Holder may not use this Indenture to prejudice the rights of another Holder or to obtain a preference or priority over another Holder.

Appears in 1 contract

Sources: Subordinated Indenture (Carrizo Oil & Gas Inc)

Limitations on Suits. Subject to Section 6.07 hereof, a Holder of a Security of any series may pursue a remedy with respect to this Indenture or the Securities of such series only if: (1) the Holder gives to the Trustee written notice of a continuing Event of Default with respect to such series; (2) the Holders of at least 25% in principal amount of the then outstanding Securities of such series make a written request to the Trustee to pursue the remedy; (3) such Holder or Holders offer to the Trustee indemnity satisfactory to the Trustee against any loss, liability or expense; (4) the Trustee does not comply with the request within 60 days after receipt of the request and the offer of indemnity; and (5) during such 60-day period the Holders of a majority in principal amount of the Securities of that series do not give the Trustee a direction inconsistent with the request. A Holder may not use this Indenture to prejudice the rights of another Holder or to obtain a preference or priority over another Holder (it being understood that the Trustee does not have an affirmative duty to ascertain whether or not any such use prejudices the rights of another Holder or obtains preference or priority over another Holder).

Appears in 1 contract

Sources: Indenture (Phillips 66 Co)

Limitations on Suits. Subject to Section 6.07 hereof, a Holder of a Security of any series may pursue a remedy with respect to this Indenture or the Securities of such series only if: (1) the Holder gives to the Trustee written notice of a continuing Event of Default with respect to such series; (2) the Holders of at least 25% in principal amount of the then outstanding Securities of such series make a written request to the Trustee to pursue the remedy; (3) such Holder or Holders offer provide to the Trustee indemnity reasonably satisfactory to the Trustee against any loss, liability or expense; (4) the Trustee does not comply with respect to the request within 60 days after receipt of the request and the offer of indemnity; and (5) during such 60-day period the Holders of a majority in principal amount of the Securities of that series do not give the Trustee a direction inconsistent with the request. A Holder may not use this Indenture to prejudice the rights of another Holder or to obtain a preference or priority over another Holder.

Appears in 1 contract

Sources: Indenture (Halliburton Co)

Limitations on Suits. Subject to Section 6.07 hereof, a Holder of a Security of any series may pursue a remedy with respect to this Indenture or the Securities of such series only if: (1) the Holder gives to the Trustee written notice of a continuing Event of Default with respect to such series; (2) the Holders of at least 25% in principal amount of the then outstanding Securities of such series make a written request to the Trustee to pursue the remedy; (3) such Holder or Holders offer to the Trustee indemnity reasonably satisfactory to the Trustee against any loss, liability or expense; (4) the Trustee does not comply with respect to the request within 60 days after receipt of the request notice and the offer of indemnity; and (5) during such 60-day period the Holders of a majority in principal amount of the Securities of that series do not give the Trustee a direction inconsistent with the request. A Holder may not use this Indenture to prejudice the rights of another Holder or to obtain a preference or priority over another Holder.

Appears in 1 contract

Sources: Subordinated Indenture (Global Marine Inc)

Limitations on Suits. Subject to Section 6.07 hereof, a Holder of a Security of any series may pursue a remedy with respect to this Indenture or the Securities of such series only if: (1) the Holder gives to the Trustee written notice of a continuing Event of Default with respect to such series; (2) the Holders of at least 25% in principal amount of the then outstanding Securities of such series make a written request to the Trustee to pursue the remedy; (3) such Holder or Holders offer to the Trustee indemnity satisfactory to the Trustee against any loss, liability or expense; (4) the Trustee does not comply with the request within 60 days after receipt of the request and the offer of security or indemnity; and (5) during such 60-day period period, the Holders of a majority in principal amount of the Securities of that such series do not give the Trustee a direction inconsistent with the request. A Holder may not use this Indenture to prejudice the rights of another Holder or to obtain a preference or priority over another Holder.

Appears in 1 contract

Sources: Indenture (EQM Midstream Partners, LP)

Limitations on Suits. Subject to Section 6.07 hereof, a Holder of a Security of any series may pursue a remedy with respect to this Indenture or the Securities of such series series, only if: (1) the Holder gives to the Trustee written notice of a continuing Event of Default with respect to such series; (2) the Holders of at least 25% in principal amount of the then outstanding Securities of such series make a written request to the Trustee to pursue the remedy; (3) such Holder or Holders offer to the Trustee indemnity satisfactory to the Trustee against any loss, liability or expense; (4) the Trustee does not comply with the request within 60 days after receipt of the request and the offer of indemnity; and (5) during such 60-day period period, the Holders of a majority in principal amount of the Securities of that such series do not give the Trustee a direction inconsistent with the request. A Holder may not use this Indenture to prejudice the rights of another Holder or to obtain a preference or priority over another Holder.

Appears in 1 contract

Sources: Indenture (Westlake Chemical Corp)

Limitations on Suits. Subject to Section 6.07 hereof, a Holder of a Security of any series may pursue a remedy with respect to this Indenture or the Securities of such that series only if: (1) the Holder gives to the Trustee written notice of a continuing Event of Default with respect to such that series; (2) the Holders of at least 25% in principal amount of the then outstanding Securities of such that series make a written request to the Trustee to pursue the remedy; (3) such Holder or Holders offer (and, if accepted, furnish) to the Trustee indemnity reasonably satisfactory to the Trustee against any loss, liability or expense; (4) the Trustee does not comply with the request within 60 days after receipt of the request and the offer of indemnity; and (5) during such that 60-day period period, the Holders of a majority in principal amount of the Securities of that series do not give the Trustee a direction inconsistent with the request. A Holder may not use this Indenture to prejudice the rights of another Holder or to obtain a preference or priority over another Holder.

Appears in 1 contract

Sources: Indenture (Egl Inc)

Limitations on Suits. Subject to Section 6.07 hereof6.07, a Holder of a Security of any series may pursue a remedy with respect to this Indenture or the Securities of such series only if: (1) the Holder gives to the Trustee written notice of a continuing Event of Default with respect to such series; (2) the Holders of at least 25% in principal amount of the then outstanding Securities of such series make a written request to the Trustee to pursue the remedy; (3) such Holder or Holders offer to the Trustee indemnity satisfactory to the Trustee against any loss, liability or expense; (4) the Trustee does not comply with the request within 60 days after receipt of the request and the offer of indemnity; and (5) during such 60-day period the Holders of a majority in principal amount of the Securities of that series do not give the Trustee a direction inconsistent with the request. A Holder may not use this Indenture to prejudice the rights of another Holder or to obtain a preference or priority over another Holder.

Appears in 1 contract

Sources: Indenture (Conocophillips Co)

Limitations on Suits. Subject to Section 6.07 hereof8.7, a Holder of a Security of may not pursue any series may pursue a remedy with respect to this Indenture or the Securities of such series only ifunless: (1) the Holder gives to the Trustee written notice of a continuing Event of Default with respect to such seriesDefault; (2) the Holders of at least 25% in aggregate principal amount of the applicable Series of Securities then outstanding Securities of such series make a written request to the Trustee to pursue the remedy; (3) such Holder or Holders offer to the Trustee security or indemnity reasonably satisfactory to the Trustee against any loss, liability or expense; (4) the Trustee does not comply with the request within 60 days after receipt of the notice, request and the offer of security or indemnity; and (5) no direction inconsistent with such written request has been given to the Trustee during such 60-day period by the Holders of a majority in aggregate principal amount of the applicable Series of Securities of that series do not give the Trustee a direction inconsistent with the requestthen outstanding. A Holder Securityholder may not use this Indenture to prejudice the rights of another Holder Securityholder or to obtain a preference or priority over another Holdersuch other Securityholder.

Appears in 1 contract

Sources: Indenture (Skyworks Solutions Inc)

Limitations on Suits. Subject to Section 6.07 5.07 hereof, a Holder of a Security of any series may pursue a remedy with respect to this Indenture or the Securities of such series only if: (1i) the such Holder gives to the Trustee written notice of a continuing Event of Default with respect to such seriesDefault; (2ii) the Holders of at least 25% in principal amount of the Securities then outstanding Securities of such series make a written request to the Trustee to pursue the remedy; (3iii) such Holder or Holders offer to the Trustee indemnity satisfactory to the Trustee against any loss, liability or expense; (4iv) the Trustee does not comply with the request within 60 days after receipt of the request and the offer of indemnity; and (5v) during such 60-day period the Holders of a majority in principal amount of the Securities of that series do not give the Trustee a direction inconsistent with the request. A Holder may not use this Indenture to prejudice the rights of another Holder or to obtain a preference or priority over another Holder.

Appears in 1 contract

Sources: Indenture (Southern Natural Gas Co)

Limitations on Suits. Subject to Section 6.07 hereof, a Holder of a Security of any series may pursue a remedy with respect to this Indenture or the Securities of such series only if: (1a) the Holder gives to the Trustee written notice of a continuing Event of Default with respect to such series; (2b) the Holders of at least 25% in principal amount of the then outstanding Securities of such series make a written request to the Trustee to pursue the remedy; (3c) such Holder or Holders offer to the Trustee indemnity satisfactory to the Trustee against any loss, liability or expenseexpense in its sole discretion; (4d) the Trustee does not comply with the request within 60 days after receipt of the request and the offer of indemnity; and (5e) during such 60-day period the Holders of a majority in principal amount of the Securities of that series do not give the Trustee a direction inconsistent with the request. A Holder may not use this Indenture to prejudice the rights of another Holder or to obtain a preference or priority over another Holder.

Appears in 1 contract

Sources: Indenture (Energy Transfer Equity, L.P.)

Limitations on Suits. Subject to Section 6.07 hereof, a no Holder of a Security of any series Note may pursue a any remedy with respect to this Indenture or the Securities of such series only ifNotes unless: (1) the such Holder gives to has previously given the Trustee written notice of a continuing that an Event of Default with respect to such seriesis continuing; (2) the Holders of at least 2530% in principal amount of the then total outstanding Securities of such series make a written request to Notes have requested in writing the Trustee to pursue the remedy; (3) such Holder or Holders offer to of the Notes have offered the Trustee security or indemnity satisfactory to the Trustee against any loss, liability or expenseexpense reasonably satisfactory to it; (4) the Trustee does has not comply complied with the such request within 60 days after the receipt of the request thereof and the offer of security or indemnity; and (5) during such 60-day period the Holders of a majority in principal amount of the Securities of that series do total outstanding Notes have not give given the Trustee a direction inconsistent with the requestsuch written request within such 60-day period. A Holder of a Note may not use this Indenture to prejudice the rights of another Holder of a Note or to obtain a preference or priority over another HolderHolder of a Note.

Appears in 1 contract

Sources: Indenture (West Corp)

Limitations on Suits. Subject to Section 6.07 5.07 hereof, a Holder of a Security of any series may pursue a remedy with respect to this Indenture (including the Guarantees) or the Securities of such any series only if: (1) the such Holder gives to the Trustee written notice of a continuing Event of Default with respect to such seriesDefault; (2) the Holders of at least 25% in principal amount of the then outstanding Securities of such series then outstanding make a written request to the Trustee to pursue the remedy; (3) such Holder or Holders offer to the Trustee indemnity satisfactory to the Trustee against any loss, liability or expense; (4) the Trustee does not comply with the request within 60 days after receipt of the request and the offer of indemnity; and (5) during such 60-day period the Holders of a majority in principal amount of the Securities of that such series do not give the Trustee a direction inconsistent with the request. A Holder may not use this Indenture to prejudice the rights of another Holder or to obtain a preference or priority over another Holder.

Appears in 1 contract

Sources: Indenture (Anadarko Petroleum Corp)

Limitations on Suits. Subject to Section 6.07 hereof, a Holder of a Security of any series may pursue a remedy with respect to this Indenture or the Securities of such series only if: : (1) the Holder gives to the Trustee written notice of a continuing Event of Default with respect to such series; series; (2) the Holders of at least 25% in principal amount of the then outstanding Securities of such series make a written request to the Trustee to pursue the remedy; remedy; (3) such Holder or Holders offer to the Trustee indemnity satisfactory to the Trustee against any loss, liability or expense; expense; (4) the Trustee does not comply with the request within 60 days after receipt of the request and the offer of indemnity; and indemnity; and (5) during such 60-day period the Holders of a majority in principal amount of the Securities of that series do not give the Trustee a direction inconsistent with the request. A Holder may not use this Indenture to prejudice the rights of another Holder or to obtain a preference or priority over another Holder.

Appears in 1 contract

Sources: Indenture (Shell International Finance B.V.)

Limitations on Suits. Subject to Section 6.07 hereof11.7, a Holder of a Security of may not pursue any series may pursue a remedy with respect to this Indenture or the Securities of such series only ifunless: (1) the Holder gives to the Trustee written notice of a continuing Event of Default with respect to such seriesDefault; (2) the Holders of at least 25greater than 50% in aggregate principal amount of the then outstanding Securities of such series make a written request to the Trustee to pursue the remedy; (3) such Holder or Holders offer to the Trustee security or indemnity reasonably satisfactory to the Trustee against any loss, liability or expense; (4) the Trustee does not comply with the request within 60 days after receipt of the notice, request and the offer of security or indemnity; and (5) no direction inconsistent with such written request has been given to the Trustee during such 60-day period by the Holder or Holders of a majority in aggregate principal amount of the Securities of that series do not give the Trustee a direction inconsistent with the requestthen outstanding. A Holder Securityholder may not use this Indenture to prejudice the rights of another Holder Securityholder or to obtain a preference or priority over another Holdersuch other Securityholder.

Appears in 1 contract

Sources: Indenture (Cheniere Energy Inc)