Common use of Powers Exercisable Notwithstanding Event of Default Clause in Contracts

Powers Exercisable Notwithstanding Event of Default. In case a Default or an Event of Default shall have occurred and shall be continuing, unremedied and unwaived, the Credit Parties, while in possession of the Collateral (other than Cash Collateral, Possessory Collateral and other Property held by, or required to be deposited with the Trustee hereunder or pledged under the Security Documents), may do any of the things enumerated in Sections 9.02 through 9.04 hereof if the Holders of a majority in aggregate principal amount of the outstanding Notes, by appropriate action of such Holders, shall consent to such action, in which event any certificate filed under any of such Sections shall omit the statement to the effect that no Default or Event of Default has occurred and is continuing, unremedied and unwaived. This Section 9.05 shall not apply, however, during the continuance of an Event of Default of the type specified in Section 7.01(i) or (j) hereof.

Powers Exercisable Notwithstanding Event of Default. In case a Default or an Event of Default shall have occurred and shall be continuing, unremedied and unwaivedthe Company or any Guarantor, the Credit Partiesas applicable, while in possession of the Collateral (other than cash, Cash CollateralEquivalents, Possessory Collateral securities and other Property personal property held by, or required to be deposited with or pledged with, the Collateral Agent or the Trustee hereunder or pledged under the Security DocumentsDocuments or with the trustee, mortgagee or other holder of a Prior Lien), may do any of the things enumerated in Sections 9.02 through 9.04 hereof 12.2, 12.3 and 12.4 if the Holders holders of a majority in aggregate principal amount of the outstanding NotesSecurities outstanding, by appropriate action of such Holdersholders, shall consent to such action, in which event any certificate filed under any of such Sections shall omit the statement to the effect that no Default or Event of Default has occurred and is continuing, unremedied and unwaived. This Section 9.05 12.05 shall not apply, however, during the continuance of an Event of Default of the type specified in Section 7.01(i6.1(a) or (j) hereofb).

Powers Exercisable Notwithstanding Event of Default. In case a Default or an Event of Default shall have occurred and shall be continuing, unremedied and unwaived, the Credit Parties, while in possession of the Collateral (other than Cash Collateral, Possessory Collateral and other Property held by, or required to be deposited with or pledged with, the Trustee hereunder or pledged under the Security Documents), may do any of the things enumerated in Sections 9.02 through 9.04 hereof if the Holders of a majority in aggregate principal amount of the outstanding Notes, by appropriate action of such Holders, shall consent to such action, in which event any certificate filed under any of such Sections shall omit the statement to the effect that no Default or Event of Default has occurred and is continuing, unremedied and unwaived. This Section 9.05 shall not apply, however, during the continuance of an Event of Default of the type specified in Section 7.01(i) or (j) hereof.. Indenture