Common use of Waivers of Indenture Events of Default Clause in Contracts

Waivers of Indenture Events of Default. The Trustee, notwithstanding anything else to the contrary contained in this Indenture, shall waive any Indenture Event of Default upon the written direction of the Majority Holders; provided, however, that any Indenture Event of Default in the payment of the principal of or interest on, or the Redemption Price of, any Senior Bond when due shall not be waived (except as contemplated in Section 7.2(d) hereof) without the consent of the Owners of 100% in aggregate principal amount of the then Outstanding Senior Bonds, unless, prior to such waiver, all such amounts (with interest on amounts past due on any Senior Bond at the interest rate on such Senior Bond) and all Trustee Fees and Expenses in connection with such Indenture Event of Default have been paid or provided for. In case of any such waiver, then and in every such case the Issuer, the Trustee and the Owners of the Senior Bonds shall be restored to their former positions and rights hereunder, but no such waiver shall extend to any subsequent or other Indenture Event of Default, or impair any right consequent thereon.

Waivers of Indenture Events of Default. The Trustee, notwithstanding anything else to the contrary contained in this Indenture, shall waive any Indenture Event of Default upon the written direction of Owners of a majority in aggregate principal amount of the Majority Holdersthen Outstanding Senior Bonds; provided, however, that any Indenture Event of Default in the payment of the principal of or interest on, or the Redemption Price of, any Senior Bond when due shall not be waived (except as contemplated in Section 7.2(d7.02(d) hereof) without the consent of the Owners of 100% in aggregate principal amount of the then Outstanding Senior Bonds, unless, prior to such waiver, all such amounts (with interest on amounts past due on any Senior Bond at the interest rate on such Senior Bond) and all Trustee Fees and Expenses in connection with such Indenture Event of Default have been paid or provided for. In case of any such waiver, then and in every such case the Issuer, the Trustee and the Owners of the Senior Bonds shall be restored to their former positions and rights hereunder, but no such waiver shall extend to any subsequent or other Indenture Event of Default, or impair any right consequent thereon.