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

Waiver of Defaults and Events of Default. Subject to Sections 7.06 and 10.02, the Holders of no less than a majority in aggregate principal amount of the Securities then Outstanding by written notice to the Trustee may waive any past Default or Event of Default and its consequences, except an uncured Default or Event of Default in the payment of the principal of or any accrued but unpaid interest on any Security, or any Default or Event of Default in respect of any provision of this Indenture which, under Section 10.02, cannot be modified or amended without the consent of the Holder of each Security then Outstanding affected. When a Default or Event of Default is waived, it is cured and ceases to exist.

Appears in 3 contracts

Samples: Indenture (Northstar Realty Finance Corp.), Indenture (Northstar Realty Finance Corp.), Indenture (Northstar Realty)

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Waiver of Defaults and Events of Default. Subject to Sections 7.06 8.7 and 10.0211.2, the Holders of no less than a majority in aggregate principal amount of the Securities then Outstanding outstanding by written notice to the Trustee may waive any past an existing Default or Event of Default and its consequencesconsequence, except an uncured a Default or Event of Default in the payment of the principal of or any accrued but unpaid interest on any Security, a failure by the Company to convert any Securities into Common Stock or any Default or Event of Default in respect of any provision of this Indenture or the Securities which, under Section 10.0211.2, cannot be modified or amended without the consent of the Holder of each Security then Outstanding affected. When a Default or Event of Default is waived, it is cured and ceases to existceases.

Appears in 2 contracts

Samples: Indenture (Mediacom Communications Corp), Indenture (Barnes & Noble Inc)

Waiver of Defaults and Events of Default. Subject to Sections 7.06 7.07 and 10.02, the Holders of no less than a majority in aggregate principal amount of the Securities then Outstanding outstanding by written notice to the Trustee may waive any past Default or Event of Default and its consequences, except an uncured Default or Event of Default in the payment of the principal of or any accrued but unpaid interest on any Security, or any Default or Event of Default in respect of any provision of this Indenture which, under Section 10.02, cannot be modified or amended without the consent of the Holder of each outstanding Security then Outstanding affected. When a Default or Event of Default is waived, it is cured and ceases to exist.

Appears in 2 contracts

Samples: Indenture (Northstar Realty), Indenture (Northstar Realty)

Waiver of Defaults and Events of Default. (a) Subject to Sections 7.06 7.07 and 10.02, the Holders of no less than a majority in aggregate principal amount of the Securities then Outstanding outstanding by written notice to the Trustee may waive any an past Default or Event of Default and its consequences, except an uncured Default or Event of Default in the payment of the principal of or any accrued but unpaid interest on any Security, or any Default or Event of Default in respect of any provision of this Indenture or the Securities which, under Section 10.02, cannot be modified or amended without the consent of the Holder of each Security then Outstanding affected. When a Default or Event of Default is waived, it is cured and ceases to exist.

Appears in 1 contract

Samples: Indenture (General Growth Properties Inc)

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Waiver of Defaults and Events of Default. Subject to Sections 7.06 8.07 and 10.0211.02, the Holders of no less than a majority in aggregate principal amount Principal Amount at Maturity of the Securities then Outstanding outstanding by written notice to the Trustee may waive any past Default an existing default or Event of Default and its consequences, except an uncured Default a default or Event of Default in the payment of the principal of of, premium, if any, or any accrued but unpaid interest on any Security, a failure by the Company to convert any Securities into Common Stock or any Default default or Event of Default in respect of any provision of this Indenture or the Securities which, under Section 10.0211.02, cannot be modified or amended without the consent of the Holder of each Security then Outstanding affected. When a Default default or Event of Default is waived, it is cured and ceases to existceases.

Appears in 1 contract

Samples: Indenture (Mgi Pharma Inc)

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