Common use of Annulment of Acceleration of Notes Clause in Contracts

Annulment of Acceleration of Notes. If a declaration is made pursuant to Section 8.1 by any holder or holders of the Notes, then and in every such case, the holders of greater than 50% in aggregate principal amount of the Notes then outstanding (exclusive of Notes then directly or indirectly owned by the Company, any of its subsidiaries, any Affiliates and/or any Related Person) may, by written instrument filed with the Company, rescind and annul such declaration, and the consequences thereof, provided that at the time such declaration is annulled and rescinded:

Appears in 2 contracts

Samples: Financing Agreement (Genaissance Pharmaceuticals Inc), Financing Agreement (Genaissance Pharmaceuticals Inc)

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Annulment of Acceleration of Notes. If a declaration is made pursuant to Section 8.1 by any holder or holders of the Notes7.2(a)(ii), then and in every such case, the holders of greater than 50% at least seventy-five percent (75%) in aggregate principal amount of the Notes then outstanding (exclusive of Notes then directly or indirectly owned by any one or more of the Company, any of its subsidiaries, Subsidiaries and any Affiliates and/or any Related PersonAffiliates) may, by written instrument filed with the Company, rescind and annul such declaration, and the consequences thereof, provided PROVIDED that at the time such declaration is annulled and rescinded:

Appears in 1 contract

Samples: Note Purchase Agreement (Omniquip International Inc)

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Annulment of Acceleration of Notes. If a declaration is made pursuant to Section 8.1 by any holder or holders of the Notes8.2(a)(ii), then and in every such case, the holders of greater than 50% at least sixty-six percent (66%) in aggregate principal amount of the Notes then outstanding (exclusive of Notes then directly or indirectly owned by any one or more of the Company, any of its subsidiaries, Subsidiary or any Affiliates and/or any Related PersonAffiliate) may, by written instrument filed with the Company, rescind and annul such declaration, declaration and the consequences thereof, provided that at the time such declaration is annulled and rescinded:

Appears in 1 contract

Samples: Credit Acceptance Agreement (Credit Acceptance Corporation)

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