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

Waiver of Defaults and Events of Default. Subject to Section 8.7, the Holders of a majority in principal amount of the Securities then outstanding by notice to the Trustee may waive an existing default or Event of Default and its consequences, except a default in the payment of the principal of (or premium, if any) or interest on any Security as specified in clauses (1) and (2) of Section 8.1, or a default in respect of a covenant or provision hereof which cannot be modified or amended pursuant to Section 11.2 without the consent of the Holder of each Security affected thereby. When a default or Event of Default is waived, it is cured and ceases.

Appears in 5 contracts

Samples: Indenture (Waste Connections Inc/De), Indenture (Manugistics Group Inc), Indenture (Nco Group Inc)

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Waiver of Defaults and Events of Default. Subject to Section 8.7Sections 8.7 and 11.2, the Holders of a majority in principal amount of the Securities then outstanding by notice to the Trustee may waive an existing default or Event of Default and its consequencesconsequence, except a default or Event of Default in the payment of the principal of (or premium, if any) or interest on any Security as specified in clauses (1) and (2) or any default or Event of Section 8.1, or a default Default in respect of a covenant any provision of this Indenture or provision hereof which the Securities which, under Section 11.2, cannot be modified or amended pursuant to Section 11.2 without the consent of the Holder of each Security affected therebyaffected. When a default or Event of Default is waived, it is cured and ceases.

Appears in 2 contracts

Samples: Beyond Com Corp, Usinternetworking Inc

Waiver of Defaults and Events of Default. Subject to Section 8.7Sections 7.7 and 10.2, the Holders of a majority in principal amount of the Securities then outstanding outstanding, by notice to the Trustee may waive an existing default or Event of Default and its consequences, except a default or Event of Default in the payment of the principal of (of, or premium, if any) premium or interest on any Security as specified in clauses (1) and (2) Security, a failure by the Company to convert any Securities into Common Stock or any failure to comply with any provision of this Indenture or the Securities which, under Section 8.110.2, or a default in respect of a covenant or provision hereof which cannot be modified or amended pursuant to Section 11.2 without the consent of the Holder of each Security affected therebyaffected. When a default or Event of Default is waived, it is cured and ceases.

Appears in 1 contract

Samples: Fair Isaac Corp

Waiver of Defaults and Events of Default. Subject to Section 8.7, the Holders of a majority in principal amount of the Securities then outstanding by notice to the Trustee may waive an existing default or Event of Default and its consequences, except a default in the payment of the principal of (or premium, if any) or interest on any Security as specified in clauses (1) and (2) of Section 8.1, or a default in respect of a covenant or provision hereof which cannot be modified or amended pursuant to Section 11.2 without the consent of the Holder holder of each Security affected thereby. When a default or Event of Default is waived, it is cured and ceases.

Appears in 1 contract

Samples: Indenture (Pinnacle Holdings Inc)

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Waiver of Defaults and Events of Default. Subject to Section 8.7, the Holders of a majority in principal amount of the Securities then outstanding by notice to the Trustee may waive an existing default or Event of Default and its consequences, except a default in the payment of the principal of (or premium, if any) or interest on any Security as specified in clauses (1) and (2) of Section 8.1, or a default in respect of a covenant or provision hereof which cannot be modified or amended pursuant to Section 11.2 without the consent of the Holder holder of each Security Note affected thereby. When a default or Event of Default is waived, it is cured and ceases.

Appears in 1 contract

Samples: Incyte Pharmaceuticals Inc

Waiver of Defaults and Events of Default. Subject to Section 8.76.7, the Holders of a majority in principal amount of the Securities Notes then outstanding by notice to the Trustee may waive an existing any past default or Event of Default and its consequences, except a default in the payment of the principal of (or premium, if any) or interest on any Security Note as specified in clauses (1) and (2) of Section 8.16.1, or a default in respect of a covenant or provision hereof which cannot be modified or amended pursuant to Section 11.2 9.2 without the consent of the Holder of each Security Note affected thereby. When a default or Event of Default is waived, it is cured and ceases, but no such waiver shall extend to any subsequent or other default or impair any consequent right.

Appears in 1 contract

Samples: Wolverine Tube Inc

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