Common use of Solicitation of Holders of Notes Clause in Contracts

Solicitation of Holders of Notes. The Company and the Guarantor will not solicit, request or negotiate for or with respect to any proposed waiver or amendment of any of the provisions of this Agreement, the Notes, the Subsidiary Guarantees or any Security Document unless each holder of the Notes (irrespective of the amount of Notes then owned by it) shall concurrently be informed thereof by the Company and the Guarantor shall be afforded the opportunity of considering the same and shall be supplied by the Company and the Guarantor with sufficient information to enable it to make an informed decision with respect thereto. The Company and the Guarantor will pay all reasonable attorney fees and expenses incurred by each holder of the Notes in connection with the review, evaluation and documentation of any proposed amendment, waiver or consent in respect of any of the provisions of this Agreement or of the Notes, the Subsidiary Guarantee or the Security Documents. Executed or true and correct copies of any waiver or consent effected pursuant to the provisions of this Section 9 shall be delivered by the Company and the Guarantor to each holder of outstanding Notes forthwith following the date on which the same shall have been executed and delivered by the holder or holders of the requisite percentage of outstanding Notes. Neither the Company nor the Guarantor will, directly or indirectly, pay or cause to be paid any remuneration, whether by way of supplemental or additional interest, fee or otherwise, to any holder of the Notes as consideration for or as an inducement to the entering into by any holder of the Notes of any waiver or amendment of any of the terms and provisions of this Agreement, any Subsidiary Guarantee or any Security Document unless such remuneration is concurrently paid, on the same terms, ratably to each holder of the then outstanding Notes.

Appears in 1 contract

Samples: Note Purchase Agreement (Oneida LTD)

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Solicitation of Holders of Notes. The Company and the Guarantor will not solicit, request or negotiate for or with respect to any proposed waiver or amendment of any of the provisions of this Agreement, Agreement or the Notes, the Subsidiary Guarantees or any Security Document Notes unless each record holder of the Notes and each record holder of May 1995 Series Notes and October 1994 Series Notes (irrespective of the amount of Notes or May 1995 Series Notes or October 1994 Series Notes then owned by it) shall concurrently be informed thereof by the Company and the Guarantor shall be afforded the opportunity of considering the same and shall be supplied by the Company and the Guarantor with sufficient information to enable it to make an informed decision with respect thereto. The Company and the Guarantor will pay all reasonable attorney fees and expenses incurred by each holder of the Notes in connection with the review, evaluation and documentation of any proposed amendment, waiver or consent in respect of any of the provisions of this Agreement or of the Notes, the Subsidiary Guarantee or the Security Documents. Executed or true and correct copies of any waiver or consent effected pursuant to the provisions of this Section 9 shall be delivered by the Company and the Guarantor to each holder of outstanding Notes and each holder of May 1995 Series Notes and October 1994 Series Notes forthwith following the date on which the same shall have been executed become effective in accordance with the terms thereof and delivered by the holder or holders of the requisite percentage of outstanding Notesthis Section 9. Neither the The Company nor the Guarantor willwill not, directly or indirectly, pay or cause to be paid any remuneration, whether by way of supplemental or additional interest, fee or otherwise, to any holder of the Notes or any holder of May 1995 Series Notes or October 1994 Series Notes as consideration for or as an inducement to the entering into by any holder of the Notes or any holder of May 1995 Series Notes or October 1994 Series Notes of any waiver or amendment of any of the terms and provisions of this Agreement, any Subsidiary Guarantee or any Security Document Agreement unless such remuneration is concurrently paid, on the same terms, ratably to each the holders of all Notes, May 1995 Series Notes and October 1994 Series Notes then outstanding. Any consent made pursuant to this Section 9 by a holder of Notes that has transferred or has agreed to transfer its Notes to the then outstanding NotesCompany or any Affiliate or has agreed to provide such written consent as a condition to such transfer shall be void and of no force and effect except solely as to such holder, and any amendments effected or waivers granted or to be effected or granted that would not have been or would not be so effected or granted but for such consent (and the consents of all other holders of Notes and holders of May 1995 Series Notes and October 1994 Series Notes that were acquired under the same or similar conditions) shall be void and of no force and effect, retroactive to the date such amendment or waiver initially took or takes effect, except solely as to such holder.

Appears in 1 contract

Samples: Agreement (Thorn Apple Valley Inc)

Solicitation of Holders of Notes. The Company and the Guarantor will not solicit, request or negotiate for or with respect to any proposed waiver or amendment of any of the provisions of this Agreement, Agreement or the Notes, the Subsidiary Guarantees or any Security Document Notes unless each record holder of the Notes and each record holder of May 1995 Series Notes and April 1994 Series Notes (irrespective of the amount of Notes or May 1995 Series Notes or April 1994 Series Notes then owned by it) shall concurrently be informed thereof by the Company and the Guarantor shall be afforded the opportunity of considering the same and shall be supplied by the Company and the Guarantor with sufficient information to enable it to make an informed decision with respect thereto. The Company and the Guarantor will pay all reasonable attorney fees and expenses incurred by each holder of the Notes in connection with the review, evaluation and documentation of any proposed amendment, waiver or consent in respect of any of the provisions of this Agreement or of the Notes, the Subsidiary Guarantee or the Security Documents. Executed or true and correct copies of any waiver or consent effected pursuant to the provisions of this Section 9 shall be delivered by the Company and the Guarantor to each holder of outstanding Notes and each holder of May 1995 Series Notes and April 1994 Series Notes forthwith following the date on which the same shall have been executed become effective in accordance with the terms thereof and delivered by the holder or holders of the requisite percentage of outstanding Notesthis Section 9. Neither the The Company nor the Guarantor willwill not, directly or indirectly, pay or cause to be paid any remuneration, whether by way of supplemental or additional interest, fee or otherwise, to any holder of the Notes or any holder of May 1995 Series Notes or April 1994 Series Notes as consideration for or as an inducement to the entering into by any holder of the Notes or any holder of May 1995 Series Notes or April 1994 Series Notes of any waiver or amendment of any of the terms and provisions of this Agreement, any Subsidiary Guarantee or any Security Document Agreement unless such remuneration is concurrently paid, on the same terms, ratably to each the holders of all Notes, May 1995 Series Notes and April 1994 Series Notes then outstanding. Any consent made pursuant to this Section 9 by a holder of Notes that has transferred or has agreed to transfer its Notes to the then outstanding NotesCompany or any Affiliate or has agreed to provide such written consent as a condition to such transfer shall be void and of no force and effect except solely as to such holder, and any amendments effected or waivers granted or to be effected or granted that would not have been or would not be so effected or granted but for such consent (and the consents of all other holders of Notes and holders of May 1995 Series Notes and April 1994 Series Notes that were acquired under the same or similar conditions) shall be void and of no force and effect, retroactive to the date such amendment or waiver initially took or takes effect, except solely as to such holder.

Appears in 1 contract

Samples: Agreement (Thorn Apple Valley Inc)

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Solicitation of Holders of Notes. The Company and the Guarantor will not solicit, request or negotiate for or with respect to any proposed waiver or amendment of any of the provisions of this Agreement, the Notes, the Subsidiary Guarantees or any Security Document unless each holder of the Notes (irrespective of the amount of Notes then owned by it) shall concurrently be informed thereof by the Company and the Guarantor shall be afforded the opportunity of considering the same and shall be supplied by the Company and the Guarantor with sufficient information to enable it to make an informed decision with respect thereto. The Company and the Guarantor will pay all reasonable attorney fees and expenses incurred by each holder of the Notes in connection with the review, evaluation and documentation of any proposed amendment, waiver or consent in respect of any of the provisions of this Agreement or of the Notes, the Subsidiary Guarantee or the Security Documents. Executed or true and correct copies of any waiver or consent effected pursuant to the provisions of this Section 9 shall be delivered by the Company and the Guarantor to each holder of outstanding Notes forthwith following the date on which the same shall have been executed and delivered by the holder or holders of the requisite percentage of outstanding Notes. Neither the The Company nor the Guarantor willwill not, directly or indirectly, pay or cause to be paid any remuneration, whether by way of supplemental or additional interest, fee or otherwise, to any holder of the Notes as consideration for or as an inducement to the entering into by any holder of the Notes of any waiver or amendment of any of the terms and provisions of this Agreement, any Subsidiary Guarantee or any Security Document unless such remuneration is concurrently paid, on the same terms, ratably to each holder of the then outstanding Notes.

Appears in 1 contract

Samples: Note Purchase Agreement (Oneida LTD)

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