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

Waiver of Past Defaults and Events of Default. Subject to Sections 6.02, 6.08 and 8.02 hereof, the Holders of a majority in principal amount of the Notes then outstanding by written notice to the Trustee have the right to waive any existing Default or Event of Default or compliance with any provision of this Indenture or the Notes. The Company shall deliver to the Trustee an Officers' Certificate stating that the requisite percentage of Holders has consented to such waiver. Upon any such waiver, such Default shall cease to exist, and any Event of Default arising therefrom shall be deemed to have been cured for every purpose of this Indenture; PROVIDED that no such waiver shall extend to any subsequent or other Default or Event of Default or impair any right consequent thereto.

Appears in 3 contracts

Samples: Indenture (Norske Skog Canada LTD), Norske Skog Canada LTD, Norske Skog Canada LTD

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Waiver of Past Defaults and Events of Default. Subject to Sections 6.02, 6.08 and 8.02 hereof8.02, the Holders of a majority in principal amount of the Notes then outstanding by written notice to the Trustee have the right to waive any existing Default or Event of Default or compliance with any provision of this Indenture or the Notes. The Company Issuer shall deliver to the Trustee an Officers' Certificate stating that the requisite percentage of Holders has consented to such waiver. Upon any such waiver, such Default shall cease to exist, and any Event of Default arising therefrom shall be deemed to have been cured for every purpose of this Indenture; PROVIDED provided that no such waiver shall extend to any subsequent or other Default or Event of Default or impair any right consequent thereto.

Appears in 2 contracts

Samples: Indenture (Massey Energy Co), Indenture (Ipsco Inc)

Waiver of Past Defaults and Events of Default. Subject to Sections 6.025.02, 6.08 5.08 and 8.02 hereof9.02, the Holders of a majority in aggregate principal amount of the Notes then outstanding by written notice to the Trustee have the right to waive any existing Default or Event of Default or compliance with any provision of this Indenture Indenture, the Notes or any of the NotesCollateral Documents. The Company shall deliver to the Trustee an Officers' ’ Certificate stating that the requisite percentage of Holders has consented to such waiver. Upon any such waiver, such Default shall cease to exist, and any Event of Default arising therefrom shall be deemed to have been cured for every purpose of this Indenture; PROVIDED provided, that no such waiver shall extend to any subsequent or other Default or Event of Default or impair any right consequent thereto.

Appears in 2 contracts

Samples: Indenture (Catalyst Paper Corp), Satisfaction and Discharge (Catalyst Paper Corp)

Waiver of Past Defaults and Events of Default. Subject to Sections 6.02, 6.08 6.07 and 8.02 hereof, the Holders of not less than a majority in aggregate principal amount of the Notes then outstanding by written notice to may on behalf of the Trustee have Holders of all the right to Notes waive any existing past Default under the Indenture and its consequences, except a Default in the payment of the principal of, premium, if any, or Event interest on any Note, or in respect of Default a covenant or compliance with any provision which under the Indenture cannot be modified or amended without the consent of this Indenture or the Notes. The Company shall deliver to the Trustee an Officers' Certificate stating that the requisite percentage Holder of Holders has consented to such waivereach Note outstanding. Upon any such waiver, such Default shall cease to exist, and any Event of Default arising therefrom shall be deemed to have been cured for every purpose of this Indenture; PROVIDED that but no such waiver shall extend to any subsequent or other Default or Event of Default or impair any right consequent thereto.

Appears in 2 contracts

Samples: International Shipholding Corp, International Shipholding Corp

Waiver of Past Defaults and Events of Default. Subject to Sections 6.02, 6.08 and 8.02 hereof8.02, the Holders of a majority in principal amount of the Notes then outstanding by written notice to the Trustee have the right to waive any existing Default or Event of Default or compliance with any provision of this Indenture or the Notes. The Company Issuer shall deliver to the Trustee an Officers' ’ Certificate stating that the requisite percentage of Holders has consented to such waiver. Upon any such waiver, such Default shall cease to exist, and any Event of Default arising therefrom shall be deemed to have been cured for every purpose of this Indenture; PROVIDED provided that no such waiver shall extend to any subsequent or other Default or Event of Default or impair any right consequent thereto.

Appears in 2 contracts

Samples: Indenture (Massey Energy Co), Indenture (Ipsco Inc)

Waiver of Past Defaults and Events of Default. Subject to Sections 6.025.02, 6.08 5.08 and 8.02 9.02 hereof, the Holders of a majority in aggregate principal amount of the Notes then outstanding by written notice to the Trustee have the right to waive any existing Default or Event of Default or compliance with any provision of this Indenture or the Notes. The Company shall deliver to the Trustee an Officers' Certificate stating that the requisite percentage of Holders has consented to such waiver. Upon any such waiver, such Default shall cease to exist, and any Event of Default arising therefrom shall be deemed to have been cured for every purpose of this Indenture; PROVIDED provided that no such waiver shall extend to any subsequent or other Default or Event of Default or impair any right consequent thereto.

Appears in 1 contract

Samples: Indenture (Norske Skog Canada LTD)

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Waiver of Past Defaults and Events of Default. Subject to Sections 6.025.02, 6.08 5.08 and 8.02 9.02 hereof, the Holders of a majority in aggregate principal amount of the Notes then outstanding by written notice to the Trustee have the right to waive any existing Default or Event of Default or compliance with any provision of this Indenture or the Notes. The Company shall deliver to the Trustee an Officers' Certificate stating that the requisite percentage of Holders has consented to such waiver. Upon any such waiver, such Default shall cease to exist, and any Event of Default arising therefrom shall be deemed to have been cured for every purpose of this Indenture; PROVIDED that no such waiver shall extend to any subsequent or other Default or Event of Default or impair any right consequent thereto.

Appears in 1 contract

Samples: Indenture (Norske Skog Canada LTD)

Waiver of Past Defaults and Events of Default. Subject to Sections 6.02, 6.08 and 8.02 hereof8.02, the Holders of a majority in principal amount of the Notes then outstanding by written notice to the Trustee have the right to waive any existing Default or Event of Default or compliance with any provision of this Indenture or the Notes. The Company Issuer shall deliver to the Trustee an Officers' Certificate stating that the requisite percentage of Holders has consented to such waiver. Upon any such waiver, such Default shall cease to exist, and any Event of Default arising therefrom shall be deemed to have been cured for every purpose of this Indenture; PROVIDED provided that no such waiver shall extend to any subsequent or other Default or Event of Default or impair any right consequent thereto.

Appears in 1 contract

Samples: 3019693 Nova Scotia U.L.C.

Waiver of Past Defaults and Events of Default. Subject to Sections 6.02, 6.08 and 8.02 hereof, the Holders of a majority in principal amount of the Notes then outstanding by written notice to the Trustee have the right to waive any existing Default or Event of Default or compliance with any provision of this Indenture or the Notes. The Company shall deliver to the Trustee an Officers' Certificate stating that the requisite percentage of Holders has consented to such waiver. Upon any such waiver, such Default shall cease to exist, and any Event of Default arising therefrom shall be deemed to have been cured for every purpose of this IndentureIdenture; PROVIDED provided that no such waiver shall extend to any subsequent or other Default or Event of Default or impair any right consequent thereto.

Appears in 1 contract

Samples: Norske Skog Canada LTD

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