Common use of Revocation and Effect of Consents, Waivers and Actions Clause in Contracts

Revocation and Effect of Consents, Waivers and Actions. (a) Until an amendment, waiver or other action by Holders becomes effective, a consent to it or any other action by a Holder of a Security hereunder is a continuing consent by the Holder and every subsequent Holder of that Security or portion of the Security that evidences the same obligation as the consenting Holder's Security, even if notation of the consent, waiver or action is not made on the Security. However, any such Holder or subsequent Holder may revoke the consent, waiver or action as to such Holder's Security or portion of the Security if the Trustee receives the notice of revocation before the consent of the requisite aggregate principal amount of the Securities then outstanding has been obtained and not revoked. After an amendment, waiver or action becomes effective in accordance with this Article 9, it shall bind every Securityholder. Any consent or waiver given by a Securityholder with respect to such matters shall bind each Securityholder giving such consent or waiver and every subsequent Holder of a Security or portion of a Security that evidences the same debt.

Appears in 2 contracts

Samples: Indenture (Associated Materials Inc), Associated Materials Inc

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Revocation and Effect of Consents, Waivers and Actions. (a) Until an amendment, waiver or other action by Holders becomes effective, a consent to it or any other action thereto by a Holder of a Security hereunder is a continuing consent by the Holder and every subsequent Holder of that Security or portion of the Security that evidences the same obligation as the consenting Holder's Security, even if notation of the consent, waiver or action is not made on the Security. However, any such Holder or subsequent Holder may revoke the consent, waiver or action as to such Holder's Security or portion of the Security if the Trustee receives the notice of revocation before the consent of date the requisite aggregate principal amount of the Securities then outstanding has been obtained and not revokedamendment, waiver or action becomes effective. After an amendment, waiver or action becomes effective in accordance with this Article 9effective, it shall bind every Securityholder. Any For the purposes of this Indenture, the written consent or waiver given by a Securityholder with respect to such matters shall bind each Securityholder giving such consent or waiver and every subsequent of the Holder of a Global Security shall be deemed to include any consent delivered by an Agent by electronic means in accordance with the Automated Tender Offer Procedures system or portion of a Security that evidences the same debtother customary procedures of, and pursuant to authorization by, DTC.

Appears in 1 contract

Samples: CBIZ, Inc.

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Revocation and Effect of Consents, Waivers and Actions. (a) Until an amendment, amendment or waiver or other action by Holders with respect to a series of Securities becomes effective, a consent to it or any other action by a Holder of a Security of that series hereunder is a continuing consent by the Holder and every subsequent Holder of that Security or portion of the that Security that evidences the same obligation as the consenting Holder's Security, even if notation of the consent, waiver or action is not made on the Security. However, any such Holder or subsequent Holder may revoke the consent, waiver or action as to such Holder's Security or portion of the Security if the Trustee receives the notice of revocation before the Company or an agent of the Company certifies to the Trustee that the consent of the requisite aggregate principal amount Principal Amount of the Securities then outstanding of that series has been obtained and not revokedobtained. After an amendment, waiver or action becomes effective in accordance with this Article 9effective, it shall bind every SecurityholderHolder of Securities of that series. Any The Company may, but shall not be obligated to, fix a record date for the purpose of determining the Holders entitled to consent to any amendment or waiver given by a Securityholder with respect to such matters shall bind each Securityholder giving such consent or waiver and every subsequent Holder of a Security or portion of a Security that evidences the same debt.to

Appears in 1 contract

Samples: Indenture (Litton Industries Inc)

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