Common use of Waiver of Existing Defaults Clause in Contracts

Waiver of Existing Defaults. The Holders of a majority in aggregate principal amount of the Outstanding Notes may, on behalf of the Holders of all the Notes, waive any existing Default or Event of Default and its consequences under the Indenture, except a continuing Default or Event of Default

Appears in 12 contracts

Samples: Supplemental Indenture (Weatherford International PLC), Indenture (Weatherford International PLC), Indenture (Weatherford International PLC)

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Waiver of Existing Defaults. The Holders of a majority in aggregate principal amount of the Outstanding Notes may, on behalf of the Holders of all the Notes, under this Indenture may waive any existing Default or Event of Default under this Indenture, and its consequences under the Indentureconsequences, except a continuing Default default in the payment of the principal of or Event of Defaultinterest on such Notes.

Appears in 2 contracts

Samples: Indenture (Davis-Standard CORP), Indenture (Davis-Standard CORP)

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Waiver of Existing Defaults. The Holders of a majority in aggregate principal amount of the Outstanding Notes of either series may, on behalf of the Holders of all the NotesNotes of that series, waive any existing Default or Event of Default with respect to that series and its consequences under the Indenture, except a continuing Default or Event of Default

Appears in 1 contract

Samples: Tenth Supplemental Indenture (Weatherford International PLC)

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