Common use of Release of Obligations Under Certain Covenants Clause in Contracts

Release of Obligations Under Certain Covenants. Subject to Section 2.01, the Company and the Guarantors may omit to comply with, and shall have no liability in respect of, any term, condition or limitation deleted pursuant to the Sections listed in Section 1.01 hereof, whether directly or indirectly, by reason of any reference in the Ninth Supplemental Indenture or other documents to any such Section or by reason of any reference in any such Section to any other provision in the Ninth Supplemental Indenture or in any other document, and such omission to comply shall not constitute a Default or an Event of Default under Section 6.01 of the Original Indenture or Article 7 of the Ninth Supplemental Indenture.

Appears in 1 contract

Sources: Thirteenth Supplemental Indenture (Standard Pacific Corp /De/)

Release of Obligations Under Certain Covenants. Subject to Section 2.01, the Company and the Guarantors may omit to comply with, and shall have no liability in respect of, any term, condition or limitation deleted pursuant to the Sections listed in Section 1.01 hereof, whether directly or indirectly, by reason of any reference in the Ninth First Supplemental Indenture, Second Supplemental Indenture or other documents to any such Section or by reason of any reference in any such Section to any other provision in the Ninth First Supplemental Indenture, Second Supplemental Indenture or in any other document, and such omission to comply shall not constitute a Default or an Event of Default under Section 6.01 of the Original Indenture or Indenture, Article 7 of the Ninth First Supplemental Indenture or Section 2.13 of the Second Supplemental Indenture.

Appears in 1 contract

Sources: Fifth Supplemental Indenture (Standard Pacific Corp /De/)