Waiver of Defaults and Events of Default. Subject to Section 9.2, the Holders of a majority in principal amount of the Securities then outstanding, on behalf of all the Securityholders, by written notice to the Trustee may waive a Default or Event of Default with respect to the Securities and its consequences. When a Default or Event of Default is waived, it is considered to be cured and ceases to exist; but no such waiver shall extend to any subsequent or other Default or impair any right consequent thereon.
Appears in 5 contracts
Samples: Indenture (Alternative Living Services Inc), Indenture (Rent Way Inc), American Retirement Corp
Waiver of Defaults and Events of Default. Subject to Section 9.29.02, the Holders of a majority in principal amount of the Securities then outstanding, on behalf of the Holders of all of the SecurityholdersSecurities, by written notice to the Trustee may waive a Default or Event of Default with respect to the Securities and its consequences. When a Default or Event of Default is waived, it is considered to be cured and ceases to exist; but no such waiver shall extend to any subsequent or other Default or impair any right consequent thereon.
Appears in 5 contracts
Samples: Sizeler Property Investors Inc, Sizeler Property Investors Inc, Sizeler Property Investors Inc
Waiver of Defaults and Events of Default. Subject to Section 9.29.02, the Holders of a majority in principal amount of the Securities then outstandingOutstanding, on behalf of all the SecurityholdersHolders of the Securities, by written notice to the Trustee may waive a Default or Event of Default with respect to the Securities and its consequences. When a Default or Event of Default is waivedwaived with respect to the Securities, it is considered to be cured and ceases to existceases; but no such waiver shall extend to any subsequent or other Default or impair any right consequent thereon.
Appears in 1 contract
Samples: Indenture (National Healthcare Corp)
Waiver of Defaults and Events of Default. Subject to Section 9.2, the Holders of a majority in principal amount of the Securities then outstanding, on behalf of the Holders of all of the SecurityholdersSecurities, by written notice to the Trustee may waive a Default or Event of Default with respect to the Securities and its consequences. When a Default or Event of Default is waived, it is considered to be cured and ceases to exist; but no such waiver shall extend to any subsequent or other Default or impair any right consequent thereon.
Appears in 1 contract
Samples: Lexington Corporate Properties Inc