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
Samples: Indenture (Equity Corp International), Indenture (Asc Holdings Inc), Indenture (Family Golf Centers 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
Samples: Smurfit Stone Container Corp, Smurfit Stone Container Corp
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
Samples: Westmoreland Coal Co, Birner Dental Management Services 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
Waiver of Defaults and Events of Default. Subject to Sections 8.7 6.07 and 11.29.02, the Holders of a majority at least two-thirds 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 including a default in the payment of the principal of or interest on any Security as specified in clauses (1) and (2) of Section 8.16.01. When a default or Event of Default is waived, it is cured and ceases.
Appears in 1 contract
Samples: Igene Biotechnology Inc
