Waiver of Defaults and Events of Default. Subject to Section 9.02, the Holders of a majority in principal amount of the Securities then outstanding, on behalf of the Holders of all of the Securities, by written notice to the Trustee may waive a Default or Event of Default and its consequences. When a Default or Event of Default is waived, it is considered to be cured and ceases to exist.
Appears in 5 contracts
Samples: Indenture (Sizeler Property Investors Inc), Indenture (Sizeler Property Investors Inc), Indenture (Sizeler Property Investors Inc)
Waiver of Defaults and Events of Default. Subject to Section 9.029.2, the Holders of a majority in principal amount of the Securities then outstanding, on behalf of all the Holders of all of the SecuritiesSecurityholders, by written notice to the Trustee may waive a Default or Event of Default with respect to the Securities and its consequences. When a Default or Event of Default is waived, it is considered to be cured and ceases to exist; but no such waiver shall extend to any subsequent or other Default or impair any right consequent thereon.
Appears in 5 contracts
Samples: Indenture (Assisted Living Concepts Inc), Indenture (Rent Way Inc), Indenture (Sterling House Corp)
Waiver of Defaults and Events of Default. Subject to Section 9.02, the Holders of a majority in principal amount of the Securities of any series then outstanding, on behalf of the Holders of all the Securities of the Securitiessuch series, by written notice to the Trustee may waive a Default or Event of Default with respect to the Securities of such series and its consequences. When a Default or Event of Default is waivedwaived with respect to the Securities of any series, it is considered to be cured and ceases to existceases.
Appears in 3 contracts
Samples: Indenture (Santa Anita Realty Enterprises Inc), Indenture (Assisted Living Concepts Inc), Indenture (Assisted Living Concepts Inc)
Waiver of Defaults and Events of Default. Subject to Section 9.02, the Holders of a majority in principal amount of the Securities then outstandingOutstanding, on behalf of the Holders of all of the Securities, by written notice to the Trustee may waive a Default or Event of Default with respect to the Securities and its consequences. When a Default or Event of Default is waivedwaived with respect to the Securities, it is considered to be cured and ceases ceases; but no such waiver shall extend to existany subsequent or other Default or impair any right consequent thereon.
Appears in 1 contract
Samples: Indenture (National Healthcare Corp)
Waiver of Defaults and Events of Default. Subject to Section 9.029.2, the Holders of a majority in principal amount of the Securities then outstanding, on behalf of the Holders of all of the Securities, by written notice to the Trustee may waive a Default or Event of Default and its consequences. When a Default or Event of Default is waived, it is considered to be cured and ceases to exist.
Appears in 1 contract
