Consent Solicitation; Supplemental Indenture. Prior to or concurrently with the commencement of the Rights Offering, AWT shall commence a solicitation (the "Consent Solicitation") of consents to amendments to the Indenture, dated as of May 15, 1997, between AWT and Midlantic National Bank, as Trustee, governing the Convertible Debentures (the "Indenture") from the holders of not less than a majority in aggregate principal amount of the Convertible Debentures outstanding (the consents from such holders, the "Requisite Consents") in order to delete Section 1501 from the Indenture. Any amount to be offered to holders of the Convertible Debentures pursuant to the Consent Solicitation for rendering their consents thereunder shall be subject to the prior approval of, and timely notice to, the Special Committee. Promptly following the receipt of the Requisite Consents, AWT shall execute a supplemental indenture containing the proposed amendments (the "Supplemental Indenture").
Appears in 5 contracts
Samples: Recapitalization Agreement (Vivendi), Recapitalization Agreement (Air & Water Technologies Corp), Recapitalization Agreement (Compagnie Generale Des Eaux)
