Common use of Waiver of Declaration Clause in Contracts

Waiver of Declaration. At any time after such a declaration of acceleration with respect to the Debt Securities of a series has been made and before a judgment or decree for payment of the money due has been obtained by the Trustee as hereinafter provided, the Holders of a majority in principal amount of Outstanding Debt Securities of such series, by written notice to the applicable Issuer, the Guarantor (in the case of Guaranteed Debt Securities) and the Trustee, may rescind and annul such declaration and its consequences if:

Appears in 1 contract

Samples: Nortel Networks Capital Corp

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Waiver of Declaration. At any time after such a declaration of acceleration with respect to the Debt Securities of a series has been made and before a judgment or decree for payment of the money due has been obtained by the Trustee as hereinafter provided, the Holders of a majority in principal amount of the Outstanding Debt Securities of such series, by written notice to the applicable Issuer, the Guarantor (in the case of Guaranteed Debt Securities) Guarantors and the Trustee, may rescind and annul such declaration and its consequences if:

Appears in 1 contract

Samples: Indenture (Nortel Networks LTD)

Waiver of Declaration. At any time after such a declaration of acceleration with respect to the Subordinated Debt Securities of a series has been made and before a judgment or decree for payment of the money due has been obtained by the Trustee as hereinafter provided, the Holders of a majority in principal amount of Outstanding Subordinated Debt Securities of such series, by written notice to the applicable Issuer, the Guarantor (in the case of Guaranteed Debt Securities) Issuer and the Trustee, may rescind and annul such declaration and its consequences if:

Appears in 1 contract

Samples: Indenture (Nortel Networks Corp)

Waiver of Declaration. At any time after such a declaration of acceleration with respect to the Debt Securities of a series has been made and before a judgment or decree for payment of the money due has been obtained by the Trustee as hereinafter provided, the Holders of a majority in principal amount of Outstanding Debt Securities of such series, by written notice to the applicable Issuer, the Guarantor (in the case of Guaranteed Debt Securities) and the Trustee, may rescind and annul such declaration and its consequences if:

Appears in 1 contract

Samples: Nortel Networks Corp

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Waiver of Declaration. At any time after such a declaration of acceleration with respect to the Debt Securities of a series has been made and before a judgment or decree for payment of the money due has been obtained by the Trustee as hereinafter provided, the Holders of a majority in principal amount of Outstanding Debt Securities of such series, by written notice to the applicable Issuer, the Guarantor (in the case of Guaranteed Debt Securities) Issuer and the Trustee, may rescind and annul such declaration and its consequences if:

Appears in 1 contract

Samples: Senior Indenture (Nortel Networks Corp)

Waiver of Declaration. At any time after such a declaration of acceleration with respect to the Subordinated Debt Securities of a series has been made and before a judgment or decree for payment of the money due has been obtained by the Trustee as hereinafter provided, the Holders of a majority in principal amount of Outstanding Subordinated Debt Securities of such series, by written notice to the applicable Issuer, the Guarantor (in the case of Guaranteed Debt Securities) and the Trustee, may rescind and annul such declaration and its consequences if:

Appears in 1 contract

Samples: Indenture (Nortel Networks Corp)

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