Common use of Waiver of Certain Agreements Clause in Contracts

Waiver of Certain Agreements. Except as otherwise specified as contemplated by Section 3.1 for Securities of such series, the Company or any Guarantor may, with respect to the Securities of any series, omit in any particular instance to comply with any term, provision or condition set forth in any agreement provided pursuant to Section 3.1(b)(15), 8.1(b) or 8.1(g) for the benefit of the Holders of such series if before the time for such compliance the Holders of at least a majority in principal amount of the Outstanding Securities of such series shall, by act of such Holders in accordance with Section 1.4, either waive such compliance in such instance or generally waive compliance with such term, provision or condition, but no such waiver shall extend to or affect such term, provision or condition except to the extent so expressly waived, and, until such waiver shall become effective, the obligations of the Company and each of the Guarantors and the duties of the Trustee in respect of any such term, provision or condition shall remain in full force and effect.

Waiver of Certain Agreements. Except as otherwise specified as contemplated by Section 3.1 for Securities of such series, the Company or any Guarantor may, with respect to the Securities of any series, omit in any particular instance to comply with any term, provision or condition set forth in any agreement provided pursuant to Section 3.1(b)(15), 8.1(b) or 8.1(g) for the benefit of the Holders of such series if before the time for such compliance the Holders of at least a majority in principal amount of the Outstanding Securities of such series shall, by act of such Holders in accordance with Section 1.4, either waive such compliance in such instance or generally waive compliance with such term, provision or condition, but no such waiver shall extend to or affect such term, provision or condition except to the extent so expressly waived, and, until such waiver shall become effective, the obligations of the Company and each of the Guarantors and the duties of the Trustee in respect of any such term, provision or condition shall remain in full force and effect.