Common use of Conflict with Base Indenture Clause in Contracts

Conflict with Base Indenture. Notwithstanding the foregoing, if any notice, direction, waiver, rescission or cancellation is given with respect to a Default or Event of Default that, under the terms of the Base Indenture, requires action by holders of a percentage of the outstanding principal amount of the Notes and one or more other series of Securities issued under the Base Indenture, voting together or otherwise as a single class, then such notice, direction, waiver, rescission or cancellation shall be effective only if effected with the requisite percentage of the outstanding principal amount of the Notes and any other such Securities, voting together or otherwise as a single class.

Appears in 2 contracts

Sources: Ninth Supplemental Indenture (Williams Companies Inc), Supplemental Indenture (Williams Companies Inc)