Waiver of Defaults and Events of Default. Subject to Sections 8.7 and 11.2, the Holders of a majority in principal amount of the Securities then outstanding by notice to the Trustee may waive an existing default or Event of Default and its consequence, except a default or Event of Default in the payment of the principal of or interest on any Security, a failure by the Company to convert any Securities into Common Stock or any default or Event of Default in respect of any provision of this Indenture or the Securities which, under Section 11.2, cannot be modified or amended without the consent of the Holder of each Security affected. When a default or Event of Default is waived, it is cured and ceases.
Appears in 5 contracts
Sources: Indenture (St Mary Land & Exploration Co), Indenture (Rf Micro Devices Inc), Indenture (Bisys Group Inc)
Waiver of Defaults and Events of Default. Subject to Sections 8.7 and 11.2, the Holders of a majority in aggregate principal amount of the Securities then outstanding by notice to the Trustee may waive an existing default or Event of Default and its consequence, except a default or Event of Default in the payment of the principal of of, premium, if any, or interest on any Security, a failure by the Company to convert any Securities into Common Stock or any default or Event of Default in respect of any provision of this Indenture or the Securities which, under Section 11.2, cannot be modified or amended without the consent of the Holder of each Security affected. When a default or Event of Default is waived, it is cured and ceases.
Appears in 4 contracts
Sources: Indenture (Symantec Corp), Indenture (Emulex Corp /De/), Indenture (Invitrogen Corp)
Waiver of Defaults and Events of Default. Subject to Sections 8.7 and 11.2, the Holders of a majority in aggregate principal amount of the Securities then outstanding by notice to the Trustee may waive an existing default or Event of Default and its consequenceconsequences, except a default or Event of Default in the payment of the principal of of, premium, if any, or interest on any Security, a failure by the Company to convert any Securities into Common Stock or any default or Event of Default in respect of any provision of this Indenture or the Securities which, under Section 11.2, cannot be modified or amended without the consent of the Holder of each Security affected. When a default or Event of Default is waived, it is cured and ceases.
Appears in 4 contracts
Sources: Indenture (Bell Microproducts Inc), Indenture (Invision Technologies Inc), Indenture (Dicks Sporting Goods Inc)
Waiver of Defaults and Events of Default. Subject to Sections 8.7 7.06 and 11.210.02, the Holders of no less than a majority in aggregate principal amount of the Securities then outstanding Outstanding by written notice to the Trustee may waive an existing default any past Default or Event of Default and its consequenceconsequences, except a default an uncured Default or Event of Default in the payment of the principal of or any accrued but unpaid interest on any Security, a failure by the Company to convert any Securities into Common Stock or any default Default or Event of Default in respect of any provision of this Indenture or the Securities which, under Section 11.210.02, cannot be modified or amended without the consent of the Holder of each Security then Outstanding affected. When a default Default or Event of Default is waived, it is cured and ceasesceases to exist.
Appears in 3 contracts
Sources: Indenture (Northstar Realty Finance Corp.), Indenture (Northstar Realty Finance Corp.), Indenture (Northstar Realty)
Waiver of Defaults and Events of Default. Subject to Sections 8.7 and 11.2, the Holders of a majority in aggregate principal amount of the Securities then outstanding of a series by notice to the Trustee may waive an existing default or Event of Default and its consequenceconsequence with respect to such series, except a default or Event of Default in the payment of the principal of of, premium, if any, or interest or Additional Interest, if any, on any SecuritySecurity when due, a failure by the Company Obligors to convert any Securities into Common Stock or any default or Event of Default in respect of any provision of this Indenture or the Securities which, under Section 11.2, cannot be modified or amended without the consent of the Holder of each Security affected. When a default or Event of Default is waived, it is cured and ceases.
Appears in 2 contracts
Sources: Indenture (Valeant Pharmaceuticals International, Inc.), Indenture (Valeant Pharmaceuticals International)
Waiver of Defaults and Events of Default. Subject to Sections 8.7 7.07 and 11.210.02, the Holders of no less than a majority in aggregate principal amount of the Securities then outstanding by written notice to the Trustee may waive an existing default any past Default or Event of Default and its consequenceconsequences, except a default an uncured Default or Event of Default in the payment of the principal of or any accrued but unpaid interest on any Security, a failure by the Company to convert any Securities into Common Stock or any default Default or Event of Default in respect of any provision of this Indenture or the Securities which, under Section 11.210.02, cannot be modified or amended without the consent of the Holder of each outstanding Security affected. When a default Default or Event of Default is waived, it is cured and ceasesceases to exist.
Appears in 2 contracts
Sources: Indenture (Northstar Realty), Indenture (Northstar Realty)
Waiver of Defaults and Events of Default. Subject to Sections 8.7 and 11.2, the Holders of a majority in principal amount of the Securities then outstanding by notice to the Trustee may waive an existing default Default or Event of Default and its consequence, except a default Default or Event of Default in the payment of the principal of or interest on any Security, a failure by the Company to convert any Securities into Common Stock or any default Default or Event of Default in respect of any provision of this Indenture or the Securities which, under Section 11.2, cannot be modified or amended without the consent of the Holder of each Security affected. When a default Default or Event of Default is waived, it is cured and ceases.
Appears in 2 contracts
Sources: Indenture (Mediacom Communications Corp), Indenture (Barnes & Noble Inc)
Waiver of Defaults and Events of Default. Subject to Sections 8.7 and 11.2, the Holders of a majority in principal amount of the Securities then outstanding by notice to the Trustee may waive an existing default or Event of Default and its consequenceconsequences, except a default or Event of Default in the payment of the principal of or interest on any Security, a failure by the Company to convert any Securities into Common Stock Security or any default or Event of Default in respect of any provision of this Indenture or the Securities which, under Section 11.2, cannot be modified or amended without the consent of the Holder of each Security affectedaffected (and except for any default in respect of the payment of any amount to the Trustee pursuant to Section 9.7, which shall not be waived without the consent of the Trustee). When a default or Event of Default is waived, it is cured and ceases.
Appears in 1 contract
Sources: Indenture (Act Manufacturing Inc)
Waiver of Defaults and Events of Default. Subject to Sections 8.7 8.07 and 11.211.02, the Holders of a majority in principal amount aggregate Principal Amount at Maturity of the Securities then outstanding by notice to the Trustee may waive an existing default or Event of Default and its consequenceconsequences, except a default or Event of Default in the payment of the principal of of, premium, if any, or interest on any Security, a failure by the Company to convert any Securities into Common Stock or any default or Event of Default in respect of any provision of this Indenture or the Securities which, under Section 11.211.02, cannot be modified or amended without the consent of the Holder of each Security affected. When a default or Event of Default is waived, it is cured and ceases.
Appears in 1 contract
Sources: Indenture (Mgi Pharma Inc)
Waiver of Defaults and Events of Default. Subject to Sections 8.7 and 11.2Section 8.7, the Holders of a majority in aggregate principal amount of the Securities then outstanding by notice to the Trustee may may, on behalf of all Holders, waive an existing default or Event of Default and its consequenceconsequences, except a default or Event of Default in the payment of the principal of (or premium, if any) or interest (including Contingent Interest and Liquidated Damages, if any) on any SecuritySecurity as specified in clauses (1) and (2) of Section 8.1, or a failure by the Company to convert any Securities into Common Stock or any default or Event of Default in respect of any a covenant or provision of this Indenture or the Securities which, under Section 11.2, hereof which cannot be modified or amended pursuant to Section 11.2 without the consent of the Holder of each Security affectedaffected thereby. When a default or Event of Default is waived, it is cured and ceases.
Appears in 1 contract
Sources: Indenture (Gencorp Inc)
Waiver of Defaults and Events of Default. Subject to Sections 8.7 and 11.2, the Holders of a majority in aggregate principal amount of the Securities then outstanding by notice to the Trustee may waive an existing default or Event of Default and its consequenceconsequences, except a default or Event of Default in the payment of the principal of or premium, if any, or interest on any Security, a failure by the Company to convert any Securities into Common Stock or any default or Event of Default in respect of any provision of this Indenture or the Securities which, under Section 11.2, cannot be modified or amended without the consent of the Holder of each Security affected. When a default or Event of Default is waived, it is cured and ceases.
Appears in 1 contract
Sources: Indenture (Cymer Inc)
Waiver of Defaults and Events of Default. Subject to Sections 8.7 Section 9.07 and 11.212.02, the Holders of a majority in aggregate principal amount of the Securities then outstanding by notice to the Trustee may waive an existing default or Event of Default and its consequence, except a default or Event of Default in the payment of the principal of of, or premium, if any, or interest on on, any Security, a failure by the Company to convert any Securities into Cash or shares of Common Stock Stock, if any, or any default or Event of Default in respect of any provision of this Indenture or the Securities which, under Section 11.212.02, cannot be modified or amended without the consent of the Holder of each Security affected. When a default or Event of Default is waived, it is cured and ceases.
Appears in 1 contract
Sources: Indenture (Polymedica Corp)
Waiver of Defaults and Events of Default. Subject to Sections 8.7 and 11.2, the Holders of a majority in principal amount of the Securities then outstanding outstanding, by notice to the Trustee may waive an existing default or Event of Default and its consequence, except a default or Event of Default in the payment of the principal of or interest on any Security, a failure by the Company to convert any Securities into Common Stock or any default or Event of Default in respect of any provision of this Indenture or the Securities which, under Section 11.2, cannot be modified or amended without the consent of the Holder of each Security affected. When a default or Event of Default is waived, it is cured and ceases.
Appears in 1 contract
Sources: Indenture (HNC Software Inc/De)
Waiver of Defaults and Events of Default. (a) Subject to Sections 8.7 7.07 and 11.210.02, the Holders of no less than a majority in aggregate principal amount of the Securities then outstanding by written notice to the Trustee may waive an existing default past Default or Event of Default and its consequenceconsequences, except a default an uncured Default or Event of Default in the payment of the principal of or any accrued but unpaid interest on any Security, a failure by the Company to convert any Securities into Common Stock or any default Default or Event of Default in respect of any provision of this Indenture or the Securities which, under Section 11.210.02, cannot be modified or amended without the consent of the Holder of each Security affected. When a default Default or Event of Default is waived, it is cured and ceasesceases to exist.
Appears in 1 contract