Common use of Waiver of Covenant Clause in Contracts

Waiver of Covenant. (a) The Company may omit in any particular instance to comply with any term, provision or condition set forth in any indenture supplemental hereto with respect to the Securities of any series if before the time for such compliance the Holders of at least a majority in principal amount of the Outstanding Securities of such series, by Act of such Holders, either waive such compliance in such instance or generally waive compliance with such term, provision or condition, but no such waiver shall extend to or affect such term, provision or condition except to the extent so expressly waived, and, until such waiver shall become effective, the obligations of the Company and the duties of the Trustee in respect of any such term, provision or condition shall remain in full force and effect, provided, that without the consent of the Holder of each Outstanding Security directly affected thereby, a waiver under this Section 10.6 shall not (with respect to any Outstanding Security held by a non-consenting Holder):

Appears in 3 contracts

Samples: Hanover Insurance Group, Inc., Indenture (Hanover Insurance Group, Inc.), Hanover Insurance Group, Inc.

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Waiver of Covenant. (a) The Company may omit in any particular instance to comply with any term, provision or condition set forth in any indenture supplemental hereto Section 10.5 with respect to the Securities of any series if before the time for such compliance the Holders of at least a majority in principal amount of the Outstanding Securities of such series, by Act of such Holders, either waive such compliance in such instance or generally waive compliance with such term, provision or condition, but no such waiver shall extend to or affect such term, provision or condition except to the extent so expressly waived, and, until such waiver shall become effective, the obligations of the Company and the duties of the Trustee in respect of any such term, provision or condition shall remain in full force and effect, provided, that without the consent of the Holder of each Outstanding Security directly affected thereby, a waiver under this Section 10.6 shall not (with respect to any Outstanding Security held by a non-consenting Holder):.

Appears in 3 contracts

Samples: Indenture (Atlas Air Worldwide Holdings Inc), Indenture (Atlas Air Worldwide Holdings Inc), Atlas Air Worldwide Holdings Inc

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Waiver of Covenant. (a) The Company may omit in any particular instance to comply with any term, provision or condition set forth in any indenture supplemental hereto with respect to the Securities of any series if before the time for such compliance the Holders of at least a majority in principal amount of the Outstanding Securities of such series, by Act of such Holders, either waive such compliance in such instance or generally waive compliance with such term, provision or condition, but no such waiver shall extend to or affect such term, provision or condition except to the extent so expressly waived, and, until such waiver shall become effective, the obligations of the Company and the duties of the Trustee in respect of any such term, provision or condition shall remain in full force and effect, provided, that without the consent of the Holder of each Outstanding Security directly affected thereby, a waiver under this Section 10.6 shall not (with respect to any Outstanding Security held by a non-consenting Holder):.

Appears in 2 contracts

Samples: Indenture (Wright Medical Group N.V.), Atlas Air Worldwide Holdings Inc

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