Common use of Rescission of Acceleration Clause in Contracts

Rescission of Acceleration. Notwithstanding anything to the contrary in this Indenture or the other Note Documents, the Majority Holders, by notice to the Issuer and the Trustee, may, on behalf of all Holders, rescind any acceleration of the Notes and its consequences if (i) such rescission would not conflict with any judgment or decree of a court of competent jurisdiction; (ii) all existing Events of Default (except the non-payment of principal of, or interest on, the Notes that has become due solely because of such acceleration) have been cured or waived; and (iii) all sums paid or advanced by the Trustee under this Indenture and the reasonable compensation, expenses, disbursements and advances of the Trustee and the Collateral Agent and their agents and counsel have been paid. No such rescission will affect any subsequent Default or Event of Default or impair any right consequent thereto.

Rescission of Acceleration. Notwithstanding anything to the contrary in this Indenture or the other Note DocumentsNotes, the Majority Holders, by notice to the Issuer Company and the Trustee, may, on behalf of all Holders, rescind any acceleration of the Notes and its consequences if (i) such rescission would not conflict with any judgment or decree of a court of competent jurisdiction; (ii) all existing Events of Default (except the non-payment of principal of, or interest on, the Notes that has become due solely because of such acceleration) have been cured or waived; and (iii) all sums paid or advanced by the Trustee under this Indenture and the reasonable compensation, expenses, disbursements and advances of the Trustee and the Collateral Agent Trustee and their agents and counsel have been paid. No such rescission will affect any subsequent Default or Event of Default or impair any right consequent thereto.

Rescission of Acceleration. Notwithstanding anything to the contrary in this Indenture or the other Note DocumentsNotes, the Majority HoldersHolders of a majority in aggregate principal amount of the Notes then outstanding, by notice to the Issuer Company and the Trustee, may, on behalf of all Holders, rescind any acceleration of the Notes and its consequences if (i) such rescission would not conflict with any judgment or decree of a court of competent jurisdiction; (ii) all existing Events of Default (except the non-payment of principal of, or interest on, the Notes that has become due solely because of such acceleration) have been cured or waived; and (iii) all sums paid or advanced by the Trustee under this Indenture and the reasonable compensation, expenses, disbursements and advances of the Trustee and the Collateral Agent and their its agents and counsel have been paid. No such rescission will affect any subsequent Default or Event of Default or impair any right consequent thereto.