Common use of SUPPLEMENT AND WAIVER Clause in Contracts

SUPPLEMENT AND WAIVER. The Indenture permits, with certain exceptions as therein provided, the amendment thereof and the modification of the rights and obligations of the Company and the rights of the Holders of the Securities of each series to be affected under the Indenture at any time by the Company and the Trustee with the consent of the Holders of a majority in principal amount of the Securities at the time Outstanding of each series to be affected. The Indenture also contains provisions permitting the Holders of specified percentages in principal amount of the Securities of each series at the time Outstanding, on behalf of the Holders of all Securities of such series, to waive compliance by the Company with certain past defaults under the Indenture and their A-13 80 consequences. Any such consent or waiver by the Holder of this 2031 Debenture shall be conclusive and binding upon such Holder and upon all future Holders of this 2031 Debenture and of any 2031 Debenture issued upon the registration of transfer hereof or in exchange hereof or in lieu hereof, whether or not notation of such consent or waiver is made upon this 2031 Debenture. SUCCESSOR CORPORATION When a successor corporation assumes all the obligations of its predecessor under the 2031 Debentures and the Indenture in accordance with the terms and conditions of the Indenture, the predecessor corporation will (except in certain circumstances specified in the Indenture) be released from those obligations.

Appears in 1 contract

Samples: Diamond Offshore Drilling Inc

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SUPPLEMENT AND WAIVER. The Indenture permits, with certain exceptions as therein provided, the amendment thereof and the modification of the rights and obligations of the Company and the rights of the Holders of the Securities of each series to be affected under the Indenture at any time by the Company and the Trustee with the consent of the Holders of a majority in principal amount of the Securities at the time Outstanding of each series to be affected. The Indenture also contains provisions permitting the Holders of specified percentages in principal amount of the Securities of each series at the time Outstanding, on behalf of the Holders of all Securities of such series, to waive compliance by the Company with certain past defaults under the Indenture and their A-13 80 consequences. Any such consent or waiver by the Holder of this 2031 Debenture 2014 Note shall be conclusive and binding upon such Holder and upon all future Holders of this 2031 Debenture 2014 Note and of any 2031 Debenture 2014 Notes issued upon the registration of transfer hereof or in exchange hereof or in lieu hereof, whether or not notation of such consent or waiver is made upon this 2031 Debenture2014 Note. SUCCESSOR CORPORATION When a successor corporation assumes all the obligations of its predecessor under the 2031 Debentures 2014 Notes and the Indenture in accordance with the terms and conditions of the Indenture, the predecessor corporation will (except in certain circumstances specified in the Indenture) be released from those obligations.

Appears in 1 contract

Samples: Fourth Supplemental Indenture (Diamond Offshore Drilling Inc)

SUPPLEMENT AND WAIVER. The Indenture permits, with certain exceptions as therein provided, the amendment thereof and the modification of the rights and obligations of the Company and the rights of the Holders of the Securities of each series to be affected under the Indenture at any time by the Company and the Trustee with the consent of the Holders of a majority in principal amount of the Securities at the time Outstanding of each series to be affected. The Indenture also contains provisions permitting the Holders of specified percentages in principal amount of the Securities of each series at the time Outstanding, on behalf of the Holders of all Securities of such series, to waive compliance by the Company with certain past defaults under the Indenture and their A-13 80 consequences. Any such consent or waiver by the Holder of this 2031 Debenture 2015 Note shall be conclusive and binding upon such Holder and upon all future Holders of this 2031 Debenture 2015 Note and of any 2031 Debenture 2015 Notes issued upon the registration of transfer hereof or in exchange hereof or in lieu hereof, whether or not notation of such consent or waiver is made upon this 2031 Debenture2015 Note. SUCCESSOR CORPORATION When a successor corporation assumes all the obligations of its predecessor under the 2031 Debentures 2015 Notes and the Indenture in accordance with the terms and conditions of the Indenture, the predecessor corporation will (except in certain circumstances specified in the Indenture) be released from those obligations.

Appears in 1 contract

Samples: Diamond Offshore Drilling Inc

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SUPPLEMENT AND WAIVER. The Indenture permits, with certain exceptions as therein provided, the amendment thereof and the modification of the rights and obligations of the Company and the rights of the Holders of the Securities of each series to be affected 2021 Debentures under the Indenture at any time by the Company and the Trustee with the consent of the Holders of a majority in principal amount of the Securities 2021 Debentures at the time Outstanding of each series to be affectedOutstanding. The Indenture also contains provisions permitting the Holders of specified percentages in principal amount of the Securities of each series 2021 Debentures at the time Outstanding, on behalf of the Holders of all Securities of such series2021 Debentures, to waive compliance by the Company with certain past defaults under the Indenture and their A-13 80 consequences. Any such consent or waiver by the Holder of this 2031 2021 Debenture shall be conclusive and binding upon such Holder and upon all future Holders of this 2031 2021 Debenture and of any 2031 2021 Debenture issued upon the registration of transfer hereof or in exchange hereof or in lieu hereof, whether or not notation of such consent or waiver is made upon this 2031 2021 Debenture. SUCCESSOR CORPORATION When a successor corporation assumes all the obligations of its predecessor under the 2031 2021 Debentures and the Indenture in accordance with the terms and conditions of the Indenture, the predecessor corporation will (except in certain circumstances specified in the Indenture) be released from those obligations.

Appears in 1 contract

Samples: Carnival Corp

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