Common use of Forbearance from Suit Clause in Contracts

Forbearance from Suit. No holder of Notes of this issue shall institute any suit or proceeding for the enforcement of the payment of principal or interest unless the holders of at least a majority in principal amount of all of the outstanding Notes of this issue join in such suit or proceeding.

Appears in 8 contracts

Samples: Note Purchase Agreement (Bion Environmental Technologies Inc), Note Purchase Agreement (Bion Environmental Technologies Inc), Bion Environmental Technologies Inc

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Forbearance from Suit. No holder Holder of Notes of this issue shall institute any suit or proceeding for the enforcement of the payment of principal or interest unless the holders Holders of at least a majority in principal amount of all of the outstanding Notes of this issue (all series in aggregate) join in such suit or proceeding.

Appears in 6 contracts

Samples: Bion Environmental Technologies Inc, Bion Environmental Technologies Inc, Bion Environmental Technologies Inc

Forbearance from Suit. No holder of Notes of this issue shall institute any suit or proceeding for the enforcement of the payment of principal or interest unless the holders of at least a majority fifty-one percent (51%) in principal amount of all of the outstanding Notes of this issue join in such suit or proceeding.

Appears in 6 contracts

Samples: Genta Incorporated /De/, Procept Inc, Genta Incorporated /De/

Forbearance from Suit. No Note holder of Notes of this issue shall may institute any suit or proceeding for the enforcement of the payment of principal or interest unless the holders of at least a majority more than 50 percent in principal amount of all of the outstanding Notes of this issue join in such the suit or proceeding.

Appears in 3 contracts

Samples: Note and Warrant Purchase Agreement (Integral Vision Inc), Note and Warrant Purchase Agreement (Integral Vision Inc), Fourth Amended Note and Warrant Purchase Agreement (Integral Vision Inc)

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Forbearance from Suit. No holder of Notes of this issue shall institute any suit or proceeding for the enforcement of the payment of principal or interest unless the holders of at least a majority in principal amount of all of the outstanding Notes of this issue (all series in aggregate) join in such suit or proceeding.

Appears in 2 contracts

Samples: Bion Environmental Technologies Inc, Bion Environmental Technologies Inc

Forbearance from Suit. No holder of Notes a note of this issue shall institute any suit or proceeding for the enforcement of the payment of principal or interest unless the holders of at least a majority in principal more than 50 percent of the amount of all of the outstanding Notes notes of this issue join in such suit or proceeding. 2 4.

Appears in 1 contract

Samples: Crager Industries Inc

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