Waiver of Defaults and Events of Default. Subject to Section 9.2, the Holders of a majority in principal amount of the Securities then outstanding, on behalf of all the Securityholders, by written notice to the Trustee may waive a Default or Event of Default with respect to the Securities and its consequences. When a Default or Event of Default is waived, it is considered to be cured and ceases to exist; but no such waiver shall extend to any subsequent or other Default or impair any right consequent thereon.
Appears in 5 contracts
Sources: Indenture (Alternative Living Services Inc), Indenture (Assisted Living Concepts Inc), Indenture (Sterling House Corp)
Waiver of Defaults and Events of Default. Subject to Section 9.29.02, the Holders of a majority in principal amount of the Securities then outstanding, on behalf of the Holders of all of the SecurityholdersSecurities, by written notice to the Trustee may waive a Default or Event of Default with respect to the Securities and its consequences. When a Default or Event of Default is waived, it is considered to be cured and ceases to exist; but no such waiver shall extend to any subsequent or other Default or impair any right consequent thereon.
Appears in 5 contracts
Sources: Indenture (Sizeler Property Investors Inc), Indenture (Sizeler Property Investors Inc), Indenture (Sizeler Property Investors Inc)
Waiver of Defaults and Events of Default. Subject to Section 9.29.02, the Holders of a majority in principal amount of the Securities of any series then outstanding, on behalf of all the SecurityholdersHolders of the Securities of such series, by written notice to the Trustee may waive a Default or Event of Default with respect to the Securities of such series and its consequences. When a Default or Event of Default is waivedwaived with respect to the Securities of any series, it is considered to be cured and ceases to exist; but no such waiver shall extend to any subsequent or other Default or impair any right consequent thereonceases.
Appears in 3 contracts
Sources: Indenture (Santa Anita Realty Enterprises Inc), Indenture (Assisted Living Concepts Inc), Indenture (Assisted Living Concepts Inc)
Waiver of Defaults and Events of Default. Subject to Section 9.2, the Holders of a majority in principal amount of the Securities then outstanding, on behalf of the Holders of all of the SecurityholdersSecurities, by written notice to the Trustee may waive a Default or Event of Default with respect to the Securities and its consequences. When a Default or Event of Default is waived, it is considered to be cured and ceases to exist; but no such waiver shall extend to any subsequent or other Default or impair any right consequent thereon.
Appears in 1 contract
Waiver of Defaults and Events of Default. Subject to Section 9.29.02, the Holders of a majority in principal amount of the Securities then outstandingOutstanding, on behalf of all the SecurityholdersHolders of the Securities, by written notice to the Trustee may waive a Default or Event of Default with respect to the Securities and its consequences. When a Default or Event of Default is waivedwaived with respect to the Securities, it is considered to be cured and ceases to existceases; but no such waiver shall extend to any subsequent or other Default or impair any right consequent thereon.
Appears in 1 contract
Sources: Indenture (National Healthcare Corp)