Common use of Waiver of Covenants Clause in Contracts

Waiver of Covenants. The Company may omit in any particular instance to comply with any covenant or condition specifically contained in this Indenture for the benefit of one or more series of Securities, if before the time for such compliance the holders of a majority in principal amount of the Securities of all series affected (all series voting as one class) at the time outstanding (determined as provided in Section 8.04) shall waive such compliance in such instance, 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 Company and the duties of the Trustee in respect of any such covenant or condition shall remain in full force and effect.

Appears in 8 contracts

Samples: Indenture (Aon PLC), Indenture, Indenture (Aon Corp)

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Waiver of Covenants. The Company may omit in any particular instance to comply with any covenant or condition specifically contained in this Indenture for the benefit of one or more series of Securities, if before the time for such compliance the holders of a majority in principal amount of the Securities of all series affected (all series voting as one class) at the time outstanding (determined as provided in Section 8.048.4) shall waive such compliance in such instance, 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 Company and the duties of the Trustee in respect of any such covenant or condition shall remain in full force and effect.

Appears in 6 contracts

Samples: Trust Agreement (Laclede Gas Co), Dominion Resources Inc /Va/, Markel Corp

Waiver of Covenants. The Company may omit in any particular ------------------- instance to comply with any covenant or condition specifically contained in this Indenture for the benefit of one or more series of Securities, if before the time for such compliance the holders of a majority in principal amount of the Securities of all series affected (all series voting as one class) at the time outstanding (determined as provided in Section SECTION 8.04) shall waive such compliance in such instance, 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 Company 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: Indenture (DPL Inc), Indenture (DPL Inc)

Waiver of Covenants. The Company may omit in any particular instance to comply with any covenant term, provision or condition specifically contained set forth in this Indenture for Sections 10.7 or 10.8 hereof, inclusive, with respect to the benefit of one or more series of Securities, Notes if before the time for such compliance compliance, the holders Holders of at least a majority in principal amount of the Securities Notes outstanding, by act of all series affected (all series voting as one class) at the time outstanding (determined as provided in Section 8.04) such Holders, either shall waive such compliance in such instanceinstance or generally waive compliance with such term, provision or condition, but no such waiver shall extend to or affect such covenant term, provision or condition except to the extent so expressly waived, and, until such waiver shall become effective, the obligations of the Company and the duties rights and protections of the Trustee in respect of any such covenant term, provision or condition shall remain in full force and effect.”

Appears in 2 contracts

Samples: Supplemental Indenture (NewtekOne, Inc.), NewtekOne, Inc.

Waiver of Covenants. The Company may omit in any particular instance to comply with any covenant or condition specifically contained in this the Indenture for the benefit of one or more series of Securitiesthe Series A Notes, if before the time for such compliance the holders Holders of a majority in principal amount of the Securities of all series affected (all series voting as one class) Series A Notes at the time outstanding (determined as provided in Section 8.048.4 of the Base Indenture) shall waive such compliance in such instance, 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 Company and the duties of the Series Trustee in respect of any such covenant or condition shall remain in full force and effect.

Appears in 2 contracts

Samples: Fourth Supplemental Indenture (Dominion Resources Inc /Va/), Dominion Resources Inc /Va/

Waiver of Covenants. The Company may omit in any particular instance to comply with any covenant or condition specifically contained in this the Indenture for the benefit of one or more series of Securitiesthe Series A Notes, if before the time for such compliance the holders Holders of a majority in principal amount of the Securities of all series affected (all series voting as one class) Series A Notes at the time outstanding (determined as provided in Section 8.048.4 of the Base Indenture) shall waive such compliance in such instance, 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 Company 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: Laclede Group Inc

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Waiver of Covenants. The Company may omit in any particular instance to comply with any covenant or condition specifically contained set forth in this Indenture for Sections 6.04 and 6.05, with respect to the benefit of one or more series of Securities, if before or after the time for such compliance the holders Holders of a majority in principal amount Principal Amount of the Securities of all series affected (all series voting as one class) at the time outstanding (determined as provided in Section 8.04) Outstanding shall either waive such compliance in such instanceinstance or generally waive compliance with such covenant or condition, 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 Company 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 (Penney J C Co Inc)

Waiver of Covenants. The Company Corporation may omit in any particular instance to comply with any covenant or condition specifically contained in this Indenture for the benefit of one or more series of Securities, if before the time for such compliance the holders of a majority in more than 50% principal amount of the Securities of all series affected (all series voting as one class) at the time outstanding (determined as provided in Section 8.048.4) shall waive such compliance in such instance, 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 Company Corporation 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: And (Algonquin Power & Utilities Corp.)

Waiver of Covenants. The Company may omit in any particular instance to comply with any covenant or condition specifically contained set forth in this Indenture for Sections 4.05 through 4.10 with respect to the benefit of one or more series of Securities, Notes if before or after the time for such compliance the holders Holders of at least a majority in principal amount of the Securities of all series affected Outstanding Notes (all series voting as one class) at the time outstanding (determined as provided in Section 8.04including Additional Notes, if any) shall either waive such compliance in such instanceinstance or generally waive compliance with such covenant or condition, 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 Company 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 (Allergan Inc)

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