Common use of Limitation on Holder Actions Clause in Contracts

Limitation on Holder Actions. Upon the occurrence and during the continuation of any Dollar Constraint, the obligations of the Company and each Guarantor hereunder and under the Securities shall be modified as set forth in this Section 3.14, and neither the Trustee nor any Holder shall be entitled to take action against the Company or any Guarantor, or any of their respective subsidiaries or affiliates, or their respective shareholders, directors, officers, employees or advisors, to enforce any rights against the Company or any Guarantor which the Trustee or such Holder would, but for the provisions of this Section 3.14, have had in respect of any Affected Payment.

Appears in 2 contracts

Samples: Indenture (Net Servicos De Comunicacao S A), Indenture (Brazilian Communitary Antennae LTD)

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Limitation on Holder Actions. Upon the occurrence and during the continuation of any Dollar Constraint, the obligations of the Company and each Guarantor hereunder and under the Securities shall be modified as set forth in this Section 3.143.15, and neither the Trustee nor any Holder shall be entitled to take action against the Company or any Guarantor, or any of their respective subsidiaries or affiliates, or their respective shareholders, directors, officers, employees or advisors, to enforce any rights against the Company or any Guarantor which the Trustee or such Holder would, but for the provisions of this Section 3.143.15, have had in respect of any Affected Payment.

Appears in 1 contract

Samples: Indenture (Net Servicos De Comunicacao S A)

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Limitation on Holder Actions. Upon the occurrence and during the continuation of any Dollar Constraint, the obligations of the Company and each Guarantor hereunder and under the Securities shall be modified as set forth in this Section 3.143.15, and neither the Trustee nor any Holder shall be entitled to take action against the Company or any Guarantor, or any of their respective subsidiaries or affiliates, or their respective shareholders, directors, officers, employees or advisors, to enforce any rights against the Company or any Guarantor which the Trustee or such Holder would, but for the provisions of this Section 3.143.15, have had in respect of any Affected Payment.. Article Four DEFEASANCE OR COVENANT DEFEASANCE

Appears in 1 contract

Samples: Indenture (Brazilian Communitary Antennae LTD)

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