Common use of Solicitation of Consents Clause in Contracts

Solicitation of Consents. Neither the Company nor any of ------------------------ its Subsidiaries nor any of their Affiliates shall, directly or indirectly, pay or cause to be paid any consideration, whether by way of interest, fees or otherwise, to any Holders of any Convertible Notes for or as an inducement to any consent, waiver or amendment of any of the terms or provisions of this Indenture, the Convertible Note Guarantees, if any, or the Convertible Notes, unless such consideration is offered to be paid or agreed to be paid to all Holders of the Convertible Notes that consent, waive or agree to amend in the time frame set forth in the solicitation documents relating to such consent, waiver or agreement.

Appears in 1 contract

Sources: Indenture (United Usn Inc)

Solicitation of Consents. Neither the Company nor any of ------------------------ its Subsidiaries nor any of their Affiliates shall, directly or indirectly, pay or cause to be paid any consideration, whether by way of interest, fees or otherwise, to any Holders of any Convertible Notes for or as an inducement to any consent, waiver or amendment of any of the terms or provisions of this Indenture, the Convertible Note Guarantees, if any, or the Convertible Notes, unless such consideration is offered to be paid or agreed to be paid to all Holders of the Convertible Notes that consent, waive or agree to amend in the time frame set forth in the solicitation documents relating to such consent, waiver or agreement.

Appears in 1 contract

Sources: Indenture (Usn Communications Inc)