Common use of Form of Consent Clause in Contracts

Form of Consent. The consent of the Holders of any series of Notes is not necessary under this Indenture, any Security Document or any Intercreditor Agreement to approve the particular form of any proposed amendment or waiver. It is sufficient if such consent approves the substance of the proposed amendment or waiver. Any consent given by any Holder under Section 6.2 hereof or this Section 6.4 shall be irrevocable for a period of three months after the date of execution thereof, but may be revoked at any time thereafter by such Xxxxxx or by his successor in title by filing written notice of such revocation with the Trustee at its Corporate Trust Office; provided, however, that such consent shall not be revocable after the Holders of not less than a majority in aggregate principal amount of the Notes of the series of which such Note is a part at the time Outstanding shall have consented to such amendment or waiver or such supplemental indenture. No notation on any Note of the fact of such consent shall be necessary, but any such written consent by the Holder of any Note shall be conclusive and binding on all future Holders and owners of the same Note and of all Securities delivered in exchange therefor, unless revoked in the manner and during the period provided in this Section 6.4.

Appears in 3 contracts

Samples: First Supplemental Indenture (Cit Group Inc), Cit Group Inc, Cit Group Inc

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Form of Consent. The consent of the Holders of any series of Notes is not necessary under this the Indenture, any Security Document or any Intercreditor Agreement Agreements to approve the particular form of any proposed amendment or waiver. It is sufficient if such consent approves the substance of the proposed amendment or waiver. Any consent given by any Holder under Section 6.2 hereof or this Section 6.4 shall be irrevocable for a period of three months after the date day of execution thereof, but may be revoked at any time thereafter by such Xxxxxx Holder or by his successor in title by filing written notice of such revocation with the Trustee at its Corporate Trust Office; provided, however, that such consent shall not be revocable after the Holders of not less than a majority in aggregate principal amount of the Notes of the series of which such Note is a part at the time Outstanding shall have consented to such amendment or waiver or such supplemental indenture. No notation on any Note of the fact of such consent shall be necessary, but any such written consent by the Holder of any Note shall be conclusive and binding on all future Holders and owners of the same Note and of all Securities delivered in exchange therefor, unless revoked in the manner and during the period provided in this Section 6.4.

Appears in 2 contracts

Samples: Guaranty Agreement (Cit Group Inc), Ulc Financing Agreements (Cit Group Inc)

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