Common use of Waiver of Compliance with Certain Covenants Clause in Contracts

Waiver of Compliance with Certain Covenants. The Issuer may omit in any particular instance to comply with any covenant or condition set forth in Sections 4.3 and 4.8 through 4.18 if, before or after the time for such compliance, the Holders of not less than a majority in aggregate principal amount of the Securities at the time outstanding shall, by act of such Holders, waive such compliance in such instance with such covenant or provision, but no such waiver shall extend to or affect such covenant or condition except to the extent so expressly waived, and, until such waiver shall become effective, the obligations of the Issuer and the duties of the Trustee in respect of any such covenant or condition shall remain in full force and effect.

Appears in 2 contracts

Samples: Centennial Communications Corp /De, Centennial Communications Corp /De

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Waiver of Compliance with Certain Covenants. The Issuer Issuers may omit in any particular instance to comply with any covenant or condition set forth in Sections 4.3 and 4.8 through 4.18 4.22 if, before or after the time for such compliance, the Holders holders of not less than a majority in aggregate principal amount of the Securities at the time outstanding Outstanding shall, by act of such Holdersholders, waive such compliance in such instance with such covenant or provision, but no such waiver shall extend to or affect such covenant or condition except to the extent so expressly waived, and, until such waiver shall become effective, the obligations of the Issuer Issuers and the duties of the Trustee in respect of any such covenant or condition shall remain in full force and effect.

Appears in 1 contract

Samples: Indenture and Assumption Agreement (Centennial Cellular Corp)

Waiver of Compliance with Certain Covenants. The Issuer Issuers may omit in any particular instance to comply with any covenant or condition set forth in Sections 4.3 and 4.8 through 4.18 4.20 if, before or after the time for such compliance, the Holders holders of not less than a majority in aggregate principal amount of the Securities at the time outstanding shall, by act of such Holdersholders, waive such compliance in such instance with such covenant or provision, but no such waiver shall extend to or affect such covenant or condition except to the extent so expressly waived, and, until such waiver shall become effective, the obligations of the Issuer Issuers and the duties of the Trustee in respect of any such covenant or condition shall remain in full force and effect.

Appears in 1 contract

Samples: Centennial Communications Corp /De

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Waiver of Compliance with Certain Covenants. The Issuer Issuers may omit in any particular instance to comply with any covenant or condition set forth in Sections 4.3 and 4.8 through 4.18 4.19 if, before or after the time for such compliance, the Holders of not less than a majority in aggregate principal amount of the Securities at the time outstanding shall, by act of such Holders, waive such compliance in such instance with such covenant or provision, but no such waiver shall extend to or affect such covenant or condition except to the extent so expressly waived, and, until such waiver shall become effective, the obligations of the Issuer Issuers and the duties of the Trustee in respect of any such covenant or condition shall remain in full force and effect.

Appears in 1 contract

Samples: Centennial Communications Corp /De

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