Common use of Rights of Controlling Class Clause in Contracts

Rights of Controlling Class. 12 SECTION 4.2 Certain Rights of Secured Parties.......................................................12 ARTICLE V REMEDIES SECTION 5.1 Remedies................................................................................13 SECTION 5.2 Right to Initiate Judicial Proceedings, etc.............................................14 SECTION 5.3 Appointment of a Receiver...............................................................15 SECTION 5.4 Directions Originated by the Controlling Class..........................................15 SECTION 5.5 Remedies Not Exclusive..................................................................15

Rights of Controlling Class. 12 SECTION 4.2 Certain Rights of Secured Parties.......................................................12 13 ARTICLE V REMEDIES SECTION 5.1 Remedies................................................................................13 SECTION 5.2 Right to Initiate Judicial Proceedings, etc.............................................14 15 SECTION 5.3 Appointment of a Receiver...............................................................15 SECTION 5.4 Directions Originated by the Controlling Class..........................................15 SECTION 5.5 Remedies Not Exclusive..................................................................1516