Common use of Waiver of Defaults and Events of Default Clause in Contracts

Waiver of Defaults and Events of Default. Subject to Sections 8.7 and 11.2, the Holders of a majority in aggregate principal amount of the Notes then outstanding by notice to the Trustee may waive an existing default or Event of Default and its consequences, except a default or Event of Default in the payment of the principal of, premium, or interest on any Note or any default or Event of Default in respect of any provision of this Indenture or the Notes which, under Section 11.2, cannot be modified or amended without the consent of the Holder of each Note affected. When a default or Event of Default is waived, it is cured and ceases; but no such waiver shall extend to any subsequent or other Default or impair any right consequent thereon.

Appears in 3 contracts

Samples: Securities Purchase Agreement (Clearwire Corp), Securities Purchase Agreement (Clearwire Corp), Securities Purchase Agreement (Clearwire Corp)

AutoNDA by SimpleDocs

Waiver of Defaults and Events of Default. Subject to Sections 8.7 6.6 and 11.27.2, the Holders of a majority in aggregate principal amount of the Notes then outstanding by notice to the Trustee Company may waive an existing default or Event of Default and its consequencesconsequence, except a default or Event of Default in the payment of the principal of, premium, of or interest on any Note Note, a failure by the Company to convert any Notes into Common Stock in accordance with the provisions of the Notes and this Agreement or any default or Event of Default in respect of any provision of this Indenture Agreement or the Notes which, under Section 11.27.2, cannot be modified or amended without the consent of the Holder of each Note affected. When a default or Event of Default is waived, it is cured and ceases; but no such waiver shall extend to any subsequent or other Default or impair any right consequent thereon.

Appears in 3 contracts

Samples: Noteholders Agreement (Eurosite Power Inc.), Noteholders Agreement (Eurosite Power Inc.), Noteholders Agreement (Eurosite Power Inc.)

Waiver of Defaults and Events of Default. Subject to Sections 8.7 8.6 and 11.29.2, the Holders of a majority in aggregate principal amount of the Notes then outstanding by notice to the Trustee Company may waive an existing default or Event of Default and its consequencesconsequence, except a default or Event of Default in the payment of the principal of, premium, of or interest on any Note Note, a failure by the Company to convert any Notes into Common Stock in accordance with the provisions of the Notes and this Agreement or any default or Event of Default in respect of any provision of this Indenture Agreement or the Notes which, under Section 11.29.2, cannot be modified or amended without the consent of the Holder of each Note affected. When a default or Event of Default is waived, it is cured and ceases; but no such waiver shall extend to any subsequent or other Default or impair any right consequent thereon.

Appears in 2 contracts

Samples: Noteholders Agreement (Hybridon Inc), Noteholders Agreement (Hybridon Inc)

Waiver of Defaults and Events of Default. Subject to Sections 8.7 and 11.2Section 6.6, the Holders of a majority in aggregate principal amount of the Notes then outstanding by notice to the Trustee Company may waive an existing any past default or Event of Default and its consequences, except a default or Event of Default in the payment of the principal of, of (or premium, if any) or interest on any Note as specified in clauses (1) and (2) of Section 6.1, or any a default or Event of Default in respect of any a covenant or provision of this Indenture or the Notes which, under Section 11.2, hereof which cannot be modified or amended pursuant to Section 7.1 without the consent of the Holder of each Note affectedaffected thereby. When a default or Event of Default is waived, it is cured and ceases; , but no such waiver shall extend to any subsequent or other Default default or impair any right consequent thereonright.

Appears in 1 contract

Samples: Note Exchange and Debenture Agreement (Wolverine Tube Inc)

AutoNDA by SimpleDocs

Waiver of Defaults and Events of Default. Subject to Sections 8.7 and 11.2Section 6.7, the Holders of a majority in aggregate principal amount of the Notes then outstanding by notice to the Trustee may waive an existing any past default or Event of Default and its consequences, except a default or Event of Default in the payment of the principal of, of (or premium, if any) or interest on any Note as specified in clauses (1) and (2) of Section 6.1, or any a default or Event of Default in respect of any a covenant or provision of this Indenture or the Notes which, under Section 11.2, hereof which cannot be modified or amended pursuant to Section 9.2 without the consent of the Holder of each Note affectedaffected thereby. When a default or Event of Default is waived, it is cured and ceases; , but no such waiver shall extend to any subsequent or other Default default or impair any right consequent thereonright.

Appears in 1 contract

Samples: Wolverine Tube Inc

Time is Money Join Law Insider Premium to draft better contracts faster.