Waivers of Events of Default. The Trustee may in its discretion waive any event of default hereunder and its consequences and rescind any declaration of maturity of principal of and interest on the Bonds, and shall do so upon the written request of the holders of
Appears in 2 contracts
Sources: Financing Agreement, Financing Agreement
Waivers of Events of Default. The Trustee may in its discretion waive any event Event of default Default hereunder and its consequences and rescind any declaration of maturity of principal of and interest on the Bondsconsequences, and shall do so upon the written request of the holders ofOwners of a majority in aggregate principal amount of the Bonds then Outstanding; provided, however, that the Trustee may not waive an Event of Default described in subparagraph (i) of Section 7.1 hereof without the consent of the registered Owners of all Bonds then Outstanding.
Appears in 1 contract
Waivers of Events of Default. The Trustee may in its discretion waive any default or event of default hereunder and its consequences and rescind any declaration of maturity of principal of and interest on the Bondsconsequences, and notwithstanding anything else to the contrary contained in this Indenture shall do so upon the written request of the holders ofowners
Appears in 1 contract
Sources: Mortgage and Indenture of Trust
Waivers of Events of Default. The Except as hereinafter provided, at any time, in its discretion, the Trustee may in its discretion waive any event Event of default Default hereunder and its consequences and may rescind and annul any declaration of maturity of principal of and or interest on on, the Bonds, and . The Trustee shall do so upon the written request of the holders ofControlling Holders.
Appears in 1 contract
Sources: Trust Indenture