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 in the payment of the principal of or interest on any Security as specified in clauses (1) and (2) of Section 8. 1. When a default or Event of Default is waived, it is cured and ceases.
Appears in 6 contracts
Sources: Indenture (Einstein Noah Bagel Corp), Indenture (Equity Corp International), Indenture (Asc Holdings 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 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 in the payment of the principal of or interest on any Security as specified in clauses (1) and (2) of Section 8.
18.01. When a default or Event of Default is waived, it is cured and ceases.
Appears in 2 contracts
Sources: Indenture (Westmoreland Coal Co), Indenture (Birner Dental Management Services 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 of the Securities then outstanding by written notice to the Trustee may waive an existing default or Event of Default and its consequenceconsequences, except a default in the payment of the principal of or interest on any Security as specified in clauses (1) and (2) of Section 8.
18.01. When a default or Event of Default is waived, it is cured and ceases.
Appears in 2 contracts
Sources: Indenture (Smurfit Stone Container Corp), Indenture (Smurfit Stone Container 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 Debentures then outstanding by notice to the Trustee may waive an existing default or Event of Default and its consequenceconsequences, except a default in the payment of the principal of or interest on any Security Debenture as specified in clauses (1) and (2) of Section 8.
18.1 or a failure by the Company to convert any Debenture into Common Stock in accordance with Article 4. When a default or Event of Default is waived, it is cured and ceases.
Appears in 2 contracts
Sources: Indenture (Skytel Communications Inc), Indenture (Mci Worldcom 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 in the payment of the principal of or interest on any Security as specified in clauses (1) and (2) of Section 8.
1. When a default or Event of Default is waived, it is cured and ceases.
Appears in 1 contract
Sources: Convertible Subordinated Debenture Indenture (Birner Dental Management Services Inc)
Waiver of Defaults and Events of Default. Subject to Sections 8.7 7.7 and 11.210.2, the Holders of a majority in principal amount of the Securities then outstanding by notice to a Trust Officer of the Trustee may waive an existing default or Event of Default and its consequence, except a default in the payment of the principal of or interest on any Security as specified in clauses (1) and (2) of Section 8.Section
17.1. When a default or Event of Default is waived, it is cured and ceases.
Appears in 1 contract
Sources: Indenture (Commonwealth Telephone Enterprises Inc /New/)
Waiver of Defaults and Events of Default. Subject to Sections 8.7 7.7 and 11.210.2, 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 in the payment of the principal of or interest on any Security as specified in clauses (1) and (2) of Section 8.
17.1. When a default or Event of Default is waived, it is cured and ceases.
Appears in 1 contract
Waiver of Defaults and Events of Default. Subject to Sections Section 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 in the payment of the principal of or interest on any Security as specified in clauses (1) and (2) of Section 8.
1. When a default or Event of Default is waived, it is cured and ceases.
Appears in 1 contract
Sources: Indenture (Sterling Software Inc)