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

Revocation and Effect of Consents, Waivers and Actions. Until an amendment, supplement, waiver or other action by Holders becomes effective a consent to it or any other action by a Holder of the Notes hereunder is a continuing consent by the Holder and every subsequent Holder of the Notes or portion of the Notes that evidences the same obligation as the consenting Xxxxxx's Notes or portion thereof, even if notation of the consent, waiver or action is not made on the Notes. However, any such Holder or subsequent Holder may revoke the consent, waiver or action as to such Holder's Notes or portion of the Notes if the Trustee receives notice of revocation before the consent of the requisite then outstanding principal amount of the Notes has been obtained and becomes effective. After an amendment, supplement, waiver or action becomes effective, it shall bind every Noteholder, except as provided in Section 9.2 hereof. 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, supplement, or waiver. If a record date is fixed, then, notwithstanding the first two sentences of the immediately preceding paragraph, those Persons who were Holders at such record date (or their duly designated proxies), subject to Section 9.7 and excluding Affiliates of the Company, and only those Persons, shall be entitled to consent to such amendment, supplement or waiver or to revoke any consent previously given, whether or not such Persons continue to be Holders after such record date. No such consent shall be valid or effective for more than 30 days after such record date, unless consents from holders of the then outstanding principal amount of the Notes required hereunder for such amendment, supplement or waiver to be effective shall have also been given and not revoked within such 30-day period. SECTION 9.5.

Appears in 1 contract

Samples: World Financial Properties L P

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Revocation and Effect of Consents, Waivers and Actions. Until an amendment, supplement, waiver or other action by Holders becomes effective effective, a consent to it or any other action by a Holder of the Notes a Note hereunder is a continuing consent by the Holder and every subsequent Holder of the Notes that Note or portion of the Notes Note that evidences the same obligation as the consenting XxxxxxHolder's Notes or portion thereofNote, even if notation of the consent, waiver or action is not made on the NotesNote. However, any such Holder or subsequent Holder may revoke the consent, waiver or action as to such Holder's Notes Note or portion of the Notes Note if the Trustee receives the notice of revocation before the consent of the requisite then outstanding aggregate principal amount of the Notes then outstanding has been obtained and becomes effectivenot revoked. After an amendment, supplement, waiver or action becomes effective, it shall bind every NoteholderHolder, except as provided in Section 9.2 hereof9.02. 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, supplement, amendment or waiver. If a record date is fixed, then, notwithstanding the first two sentences of the immediately preceding paragraph, those Persons who were Holders at such record date (or their duly designated proxies), subject to Section 9.7 and excluding Affiliates of the Company, and only those Persons, shall be entitled to consent to such amendment, supplement or waiver or to revoke any consent previously given, whether or not such Persons continue to be Holders after such record date. No such consent shall be valid or effective for more than 30 90 days after such record date, unless consents from holders of the then outstanding principal amount of the Notes required hereunder for such amendment, supplement or waiver to be effective shall have also been given and not revoked within such 30-day period. SECTION 9.5.

Appears in 1 contract

Samples: Hutchinson Technology Inc

Revocation and Effect of Consents, Waivers and Actions. Until an amendment, supplement, waiver or other action by Holders becomes effective effective, a consent to it or any other action by a Holder of the Notes a Security hereunder is a continuing consent by the Holder and every subsequent Holder of the Notes that Security or portion of the Notes Security that evidences the same obligation as the consenting XxxxxxHolder's Notes or portion thereofSecurity, even if notation of the consent, waiver or action is not made on the NotesSecurity. However, any such Holder or subsequent Holder may revoke the consent, waiver or action as to such Holder's Notes Security or portion of the Notes Security if the Trustee receives the notice of revocation before the consent of the requisite then outstanding aggregate principal amount of the Notes Securities then outstanding has been obtained and becomes effectivenot revoked. After an amendment, supplement, waiver or action becomes effective, it shall bind every NoteholderSecurityholder, except as provided in Section 9.2 10.2 hereof. 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, supplement, amendment or waiver. If a record date is fixed, then, notwithstanding the first two sentences of the immediately preceding paragraph, those Persons who were Holders at such record date (or their duly designated proxies), subject to Section 9.7 and excluding Affiliates of the Company, and only those Persons, shall be entitled to consent to such amendment, supplement or waiver or to revoke any consent previously given, whether or not such Persons continue to be Holders after such record date. No such consent shall be valid or effective for more than 30 90 days after such record date, unless consents from holders of the then outstanding principal amount of the Notes required hereunder for such amendment, supplement or waiver to be effective shall have also been given and not revoked within such 30-day period. SECTION 9.5.

Appears in 1 contract

Samples: Indenture (Dairy Mart Convenience Stores Inc)

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Revocation and Effect of Consents, Waivers and Actions. Until an amendment, supplement, waiver or other action by Holders becomes effective effective, a consent to it or any other action by a Holder of the Notes a Note hereunder is a continuing consent by the Holder and every subsequent Holder of the Notes that Note or portion of the Notes Note that evidences the same obligation as the consenting XxxxxxHolder's Notes or portion thereofNote, even if notation of the consent, waiver or action is not made on the NotesNote. However, any such Holder or subsequent Holder may revoke the consent, waiver or action as to such Holder's Notes Note or portion of the Notes Note if the Trustee receives the notice of revocation before the consent of the requisite then outstanding aggregate principal amount of the Notes then outstanding has been obtained and becomes effectivenot revoked. After an amendment, supplement, waiver or action becomes effective, it shall bind every NoteholderHolder, except as provided in Section 9.2 hereof9.02. The Company Xxxx XX may, but shall not be obligated to, fix a record date for the purpose of determining the Holders entitled to consent to any amendment, supplement, amendment or waiver. If a record date is fixed, then, notwithstanding the first two sentences of the immediately preceding paragraph, those Persons who were Holders at such record date (or their duly designated proxies), subject to Section 9.7 and excluding Affiliates of the Company, and only those Persons, shall be entitled to consent to such amendment, supplement or waiver or to revoke any consent previously given, whether or not such Persons continue to be Holders after such record date. No such consent shall be valid or effective for more than 30 90 days after such record date, unless consents from holders of the then outstanding principal amount of the Notes required hereunder for such amendment, supplement or waiver to be effective shall have also been given and not revoked within such 30-day period. SECTION 9.5.

Appears in 1 contract

Samples: Mark Iv Industries Inc

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