Common use of Waiver of Defaults and Events of Default Clause in Contracts

Waiver of Defaults and Events of Default. Subject to Sections 8.7 and 11.2, the Holders of a majority in aggregate principal amount of the Securities then outstanding by notice to the Trustee may waive an existing default or Event of Default and its consequence, except a default or Event of Default in the payment of the principal of, premium, if any, or interest on any Security, a failure by the Company to convert any Securities into Applicable Stock in accordance with the provisions of the Note and this Indenture or any default or Event of Default in respect of any provision of this Indenture or the Securities which, under Section 11.2, cannot be modified or amended without the consent of the Holder of each Security affected. When a default or Event of Default is waived, it is cured and ceases.

Appears in 2 contracts

Samples: Indenture (Symantec Corp), Indenture (Veritas Software Corp /De/)

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Waiver of Defaults and Events of Default. Subject to Sections 8.7 8.07 and 11.211.02, the Holders of a majority in aggregate principal amount of the Securities then outstanding by notice to the Trustee may waive an existing default or Event of Default and its consequence, except a default or Event of Default in the payment of the principal of, premium, if any, or interest (including Additional Interest), if any, on any Security, a failure by the Company to convert any Securities into Applicable Common Stock in accordance with the provisions of the Note and this Indenture or any default or Event of Default in respect of any provision of this Indenture or the Securities which, under Section 11.211.02, cannot be modified or amended without the consent of the Holder of each Security affected. When a default or Event of Default is waived, it is cured and ceases.

Appears in 2 contracts

Samples: Indenture (Ask Jeeves Inc), Iac/Interactivecorp

Waiver of Defaults and Events of Default. Subject to Sections 8.7 8.07 and 11.211.02, the Holders of a majority in aggregate principal amount of the Securities then outstanding by notice to the Trustee may waive an existing default or Event of Default and its consequence, except a default or Event of Default in the payment of the principal of, premium, if any, or interest (including contingent interest, if any) on any Security, a failure by the Company to convert any Securities into Applicable cash or, if applicable, shares of Common Stock in accordance with the provisions of the Note and this Indenture or any default or Event of Default in respect of any provision of this Indenture or the Securities which, under Section 11.211.02, cannot be modified or amended without the consent of the Holder of each Security affected. When a default or Event of Default is waived, it is cured and ceases.

Appears in 2 contracts

Samples: Integra Lifesciences Holdings Corp, Integra Lifesciences Holdings Corp

Waiver of Defaults and Events of Default. Subject to Sections 8.7 and 11.210.2, the Holders of a majority in aggregate principal amount of the Securities then outstanding by notice to the Trustee may waive an existing default or Event of Default and its consequence, except a default or Event of Default in the payment of the principal of, premium, if any, or any interest on any Security, a failure by the Company to convert any Securities into Applicable Common Stock in accordance with the provisions of the Note and this Indenture or any default or Event of Default in respect of any provision of this Indenture or the Securities which, under Section 11.210.2, cannot be modified or amended without the consent of the Holder of each Security affected. When a default or Event of Default is waived, it is cured and ceases.

Appears in 2 contracts

Samples: Indenture (Americredit Financial Services of Canada LTD), Indenture (Americredit Corp)

Waiver of Defaults and Events of Default. Subject to Sections Section 8.7 and Section 11.2, the Holders of a majority in aggregate principal amount of the Securities then outstanding by notice to the Trustee may waive an existing default or Event of Default and its consequenceconsequences, except a default or Event of Default in the payment of the principal ofor premium (including Redemption Price, premiumif any, or Change in Control Purchase Price, if any), if any, or interest on any Security, a failure by the Company to convert any Securities into Applicable Common Stock in accordance with the provisions of the Note and this Indenture or any default or Event of Default in respect of any provision of this Indenture or the Securities which, under Section 11.2, cannot be modified or amended without the consent of the Holder of each Security affected. When a default or Event of Default is waivedwaived in accordance with the provisions of this Indenture, it is cured and ceases.

Appears in 1 contract

Samples: Cypress Semiconductor Corp /De/

Waiver of Defaults and Events of Default. Subject to Sections 8.7 and 11.2, the Holders of a majority in aggregate principal amount of the Securities then outstanding by notice to the Trustee may waive an existing default or Event of Default and its consequenceconsequences, except a default or Event of Default in the payment of the principal of, premium, if any, of or interest on any Security, a failure by the Company to convert any Securities into Applicable Common Stock in accordance with the provisions of the Note and this Indenture or any default or Event of Default in respect of any provision of this Indenture or the Securities which, under Section 11.2, cannot be modified or amended without the consent of the Holder of each Security affected. When a default or Event of Default is waived, it is cured and ceases.

Appears in 1 contract

Samples: Emulex Corp /De/

Waiver of Defaults and Events of Default. Subject to Sections 8.7 and 11.2, the Holders of a majority in aggregate principal amount of the Securities then outstanding by notice to the Trustee may waive an existing default or Event of Default and its consequenceconsequences, except a default or Event of Default in the payment of the principal of, premium, or Registration Default Payments, if any, or interest on any Security, a failure by the Company to convert any Securities into Applicable Common Stock in accordance with the provisions of the Note and this Indenture or any default or Event of Default in respect of any provision of this Indenture or the Securities which, under Section 11.2, cannot be modified or amended without the consent of the Holder of each Security affected. When a default or Event of Default is waived, it is cured and ceases.

Appears in 1 contract

Samples: Purchase Agreement (Lexar Media Inc)

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Waiver of Defaults and Events of Default. Subject to Sections 8.7 and 11.2, the Holders of a majority in aggregate principal amount of the Securities then outstanding by notice to the Trustee may waive an existing default or Event of Default and its consequence, except a default or Event of Default in the payment of the principal of, premium, if any, or interest on any Security, a failure by the Company to convert any Securities into Applicable Common Stock in accordance with the provisions of the Note Securities and this Indenture or any default or Event of Default in respect of any provision of this Indenture or the Securities which, under Section 11.2, cannot be modified or amended without the consent of the Holder of each Security affected. When a default or Event of Default is waived, it is cured and ceases.

Appears in 1 contract

Samples: Cubist Pharmaceuticals Inc

Waiver of Defaults and Events of Default. Subject to Sections 8.7 and 11.213.2, the Holders of a majority in aggregate principal amount of the Securities then outstanding by notice to the Trustee (and without notice to any other Securityholder) may waive an existing default or Event of Default and its consequence, except a default or Event of Default in the payment of the principal of, premium, if any, or accrued and unpaid interest (including Additional Interest), if any, on any Security, a failure by the Company Issuer to convert any Securities into Applicable Common Stock in accordance with the provisions of the Note and this Indenture or any default or Event of Default in respect of any provision of this Indenture or the Securities which, under Section 11.213.2, cannot be modified or amended without the consent of the Holder of each Security affected. When a default or Event of Default is waived, it is cured and ceases.

Appears in 1 contract

Samples: Indenture (Wynn Resorts LTD)

Waiver of Defaults and Events of Default. Subject to Sections 8.7 and 11.2, the Holders of a majority in aggregate principal amount of the Securities then outstanding by notice to the Trustee may waive an existing default or Event of Default and its consequence, except a default or Event of Default in the payment of the principal of, premium, if any, or interest (including Additional Interest, if any) on any Security, a failure by the Company to convert any Securities into Applicable Common Stock in accordance with the provisions of the Note and this Indenture or any default or Event of Default in respect of any provision of this Indenture or the Securities which, under Section 11.2, cannot be modified or amended without the consent of the Holder of each Security affected. When a default or Event of Default is waived, it is cured and ceases.

Appears in 1 contract

Samples: Indenture (Flextronics International LTD)

Waiver of Defaults and Events of Default. Subject to Sections 8.7 8.07 and 11.211.02, the Holders of a majority in aggregate principal amount Principal Amount at Maturity of the Securities then outstanding by notice to the Trustee may waive an existing default Default or Event of Default and its consequenceconsequences, except a default Default or Event of Default in the payment of the principal of, premium, if any, or any accrued but unpaid interest on any Security, a failure by the Company to convert any Securities into Applicable Common Stock in accordance with the provisions of the Note and this Indenture or any default Default or Event of Default in respect of any provision of this Indenture or the Securities which, under Section 11.211.02, cannot be modified or amended without the consent of the Holder of each Security affected. When a default Default or Event of Default is waived, it is cured and ceases.

Appears in 1 contract

Samples: Indenture (Thoratec Corp)

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