Waiver of Events of Default. (a) Unless a Sequential Pay Event shall have occurred, the Noteholders representing at least 66-2/3% of the Adjusted Note Balance of each Class of Notes may, by one or more instruments in writing, waive any Event of Default hereunder and its consequences, except a continuing Event of Default: (i) in respect of the payment of the principal of or interest on any Note (which may only be waived by such Noteholder), or (ii) in respect of a covenant or provision hereof which under Article IX hereof cannot be modified or amended without the consent of the Noteholder of each Outstanding Note affected (which only may be waived by the Noteholders of all Outstanding Notes affected). (b) A copy of each waiver pursuant to Section 6.13(a) hereof shall be furnished by the Issuer to the Indenture Trustee and each Noteholder. Upon any such waiver, such Event of Default shall cease to exist and shall be deemed to have been cured, for every purpose of this Indenture; but no such waiver shall extend to any subsequent or other Event of Default or impair any right consequent thereon.
Appears in 13 contracts
Samples: Indenture (Bluegreen Vacations Holding Corp), Indenture (Bluegreen Vacations Holding Corp), Indenture (Bluegreen Vacations Corp)
Waiver of Events of Default. (a) Unless a Sequential Pay Event shall have occurred, the Noteholders representing at least 66-2/3% a majority of the Adjusted Outstanding Note Balance of each Class of Notes may, by one or more instruments in writing, waive any Event of Default hereunder and its consequences, except a continuing Event of Default:
(i) in respect of the payment of the principal of or interest on any Note (which may only be waived by the Noteholder of such NoteholderNote), or
(ii) in respect of a covenant or provision hereof which under Article IX hereof cannot be modified or amended without the consent of the Noteholder of each Outstanding Note affected (which only may be waived by the Noteholders of all Outstanding Notes affected).
(b) A copy of each waiver pursuant to Section 6.13(a) hereof shall be furnished by the Issuer to the Indenture Trustee and each Noteholder. Upon any such waiver, such Event of Default shall cease to exist and shall be deemed to have been cured, for every purpose of this Indenture; but no such waiver shall extend to any subsequent or other Event of Default or impair any right consequent thereon.
Appears in 5 contracts
Samples: Indenture (Bluegreen Corp), Third Amended and Restated Indenture (Bluegreen Corp), Indenture (Bluegreen Corp)
Waiver of Events of Default. (a) Unless a Sequential Pay Event shall have occurred, the Noteholders The Holders representing at least 66-2/366‑2/3% of the Adjusted then Outstanding Note Balance of each Class of Notes may, by one or more instruments in writing, waive any Event of Default on behalf of all Noteholders hereunder and its consequences, except a continuing Event of Default:
(i) in respect of the payment of the principal of or interest on any Note (which may only be waived by the Holder of such NoteholderNote), or
(ii) in respect of a covenant or provision hereof which under Article IX 9 hereof cannot be modified or amended without the consent of the Noteholder Holder of each Outstanding Note affected (which only may be waived by the Noteholders Holders of all Outstanding Notes affected).
(b) A copy of each waiver pursuant to Section 6.13(a) hereof shall be furnished by the Issuer to the Indenture Trustee and each Noteholder. Upon any such waiver, such Event of Default shall cease to exist and shall be deemed to have been cured, for every purpose of this Indenture; but no such waiver shall extend to any subsequent or other Event of Default or impair any right consequent thereon.
Appears in 4 contracts
Samples: Indenture (Diamond Resorts International, Inc.), Indenture (Diamond Resorts International, Inc.), Indenture (Diamond Resorts International, Inc.)
Waiver of Events of Default. (a) Unless a Sequential Pay Event shall have occurred, the Noteholders representing at least The holders of 66-2/3% of the Adjusted Note Balance then Outstanding Class A Principal Amount of each the Class A Notes (or if the Class A Notes are no longer outstanding, the holders of Notes evidencing 66-2/3% of the then Outstanding Class B Principal Amount of the Class B Notes or if the Class A Notes and Class B Notes are no longer outstanding, the holders of Notes evidencing 66-2/3% of the then Outstanding Class C Principal Amount) may, by one or more instruments in writing, waive any Event of Default hereunder and its consequences, except a continuing Event of Default:
(i) in respect of the payment of the principal of or premium or interest on any Note (which may only be waived by the holder of such NoteholderNote), or
(ii) in respect of a covenant or provision hereof which under Article IX hereof Nine cannot be modified or amended without the consent of the Noteholder holder of each Outstanding Note affected (which only may be waived by the Noteholders holders of all Outstanding Notes affected).
(b) A copy of each waiver pursuant to Section 6.13(a) hereof shall be furnished by the Issuer Company to the Indenture Trustee and each NoteholderTrustee. Upon any such waiver, such Event of Default shall cease to exist and shall be deemed to have been cured, for every purpose of this Indenture; but no such waiver shall extend to any subsequent or other Event of Default or impair any right consequent thereon.
Appears in 3 contracts
Samples: Indenture (Copelco Capital Funding Corp X), Indenture (Copelco Capital Funding Corp X), Indenture (Copelco Capital Funding Corp X)
Waiver of Events of Default. (a) Unless a Sequential Pay Default Acceleration Event shall have occurred, the Noteholders Holders representing at least 66-2/3% of the Adjusted Note Balance of each Class of Notes may, by one or more instruments in writing, waive any Event of Default hereunder and its consequences, except a continuing Event of Default:
(i) in respect of the payment of the principal of or interest on any Note (which may only be waived by the Holder of such NoteholderNote), or
(ii) in respect of a covenant or provision hereof which under Article IX hereof cannot be modified or amended without the consent of the Noteholder Holder of each Outstanding Note affected (which only may be waived by the Noteholders Holders of all Outstanding Notes affected).
(b) A copy of each waiver pursuant to Section 6.13(a) hereof above shall be furnished by the Issuer to the Indenture Trustee and each Noteholder. Upon any such waiver, such Event of Default shall cease to exist and shall be deemed to have been cured, for every purpose of this Indenture; but no such waiver shall extend to any subsequent or other Event of Default or impair any right consequent thereon.
Appears in 3 contracts
Samples: Indenture (Silverleaf Resorts Inc), Indenture (Silverleaf Resorts Inc), Indenture (Silverleaf Resorts Inc)
Waiver of Events of Default. (a) Unless a Sequential Pay Event shall have occurred, the Noteholders representing at least 66-2/3% of the Adjusted Note Balance of each Class of Notes The Administrative Agent may, by one or more instruments in writing, waive any Event of Default on behalf of all Noteholders hereunder and its consequences, except a continuing Event of Default:
(i) in respect of the payment of the principal of or interest on any Note (which may only be waived by the Holder of such NoteholderNote), or
(ii) in respect of a covenant or provision hereof which under Article IX 9 hereof cannot be modified or amended without the consent of the Noteholder Holder of each Outstanding Note affected (which only may be waived by the Noteholders Holders of all Outstanding Notes affected).
(b) A copy of each waiver pursuant to Section 6.13(a) hereof shall be furnished by the Issuer to the Indenture Trustee and Trustee, each Noteholder, each Purchaser and the Administrative Agent. Upon any such waiver, such Event of Default shall cease to exist and shall be deemed to have been cured, for every purpose of this Indenture; but no such waiver shall extend to any subsequent or other Event of Default or impair any right consequent thereon.
Appears in 3 contracts
Samples: Indenture (Diamond Resorts International, Inc.), Indenture (Diamond Resorts Corp), Indenture (Diamond Resorts Corp)
Waiver of Events of Default. (a) Unless a Sequential Pay Event shall have occurredPrior to the Indenture Trustee’s acquisition of money, judgment or decree for payment, in either case for the payment of all amounts owing by the Issuer in connection with this Indenture and Servicing Agreement and the Notes issued hereunder, the Noteholders representing at least 66-2/3% of Required Facility Investors have the Adjusted Note Balance of each Class of Notes may, by one or more instruments in writing, right to waive any Event of Default hereunder and its consequencesDefault, except a continuing Event of Default:
(i) in respect of the payment of the principal of or interest on any Note (which may only be waived by the Holder of such NoteholderNote), or
(ii) in respect of a covenant or provision hereof which under Article IX 9 hereof cannot be modified or amended without the consent of the Noteholder Holder of each Outstanding Note affected (which only may be waived by the Noteholders Holders of all Outstanding Notes affected).
(b) A copy of each waiver pursuant to Section 6.13(a) hereof shall be furnished by the Issuer to the Indenture Trustee and each Noteholder. .
(c) Upon any such waiver, such Event of Default shall cease to exist and shall be deemed to have been cured, for every purpose of this IndentureIndenture and Servicing Agreement; but no such waiver shall extend to any subsequent or other Event of Default or impair any right consequent thereon.
Appears in 3 contracts
Samples: Third Amended and Restated Indenture and Servicing Agreement (MARRIOTT VACATIONS WORLDWIDE Corp), Indenture and Servicing Agreement (Marriott Vacations Worldwide Corp), Indenture and Servicing Agreement (Marriott Vacations Worldwide Corp)
Waiver of Events of Default. (a) Unless a Sequential Pay Event shall have occurred, the Required Noteholders representing at least 66-2/3% of the Adjusted Note Balance of each Class of Notes may, by one or more instruments in writing, waive any Event of Default hereunder and its consequences, except a continuing Event of Default:
(i) in respect of the payment of the principal of or interest on any Note (which may only be waived by the Noteholder of such NoteholderNote), or
(ii) in respect of a covenant or provision hereof which under Article IX hereof cannot be modified or amended without the consent of the Noteholder of each Outstanding Note affected (which only may be waived by the Noteholders of all Outstanding Notes affected).
(b) A copy of each waiver pursuant to Section 6.13(a) hereof shall be furnished by the Issuer to the Indenture Trustee and each Noteholder. Upon any such waiver, such Event of Default shall cease to exist and shall be deemed to have been cured, for every purpose of this Indenture; but no such waiver shall extend to any subsequent or other Event of Default or impair any right consequent thereon.
Appears in 3 contracts
Samples: Omnibus Amendment (BBX Capital Corp), Omnibus Amendment (Bluegreen Vacations Corp), Indenture (BBX Capital Corp)
Waiver of Events of Default. (a) Unless a Sequential Pay Event shall have occurred, the Noteholders representing at least 66-2/3% of the Adjusted Note Balance of each Class of Notes may, by one or more instruments in writing, waive any Event of Default hereunder and its consequences, except a continuing Event of Default:58
(i) in respect of the payment of the principal of or interest on any Note (which may only be waived by such Noteholder), or
(ii) in respect of a covenant or provision hereof which under Article IX hereof cannot be modified or amended without the consent of the Noteholder of each Outstanding Note affected (which only may be waived by the Noteholders of all Outstanding Notes affected).
(b) A copy of each waiver pursuant to Section 6.13(a) hereof shall be furnished by the Issuer to the Indenture Trustee and each Noteholder. Upon any such waiver, such Event of Default shall cease to exist and shall be deemed to have been cured, for every purpose of this Indenture; but no such waiver shall extend to any subsequent or other Event of Default or impair any right consequent thereon.
Appears in 2 contracts
Samples: Indenture (BFC Financial Corp), Indenture (BBX Capital Corp)
Waiver of Events of Default. (a) Unless a Sequential Pay Event shall have occurred, the Noteholders Holders representing at least 66-2/3% of the Adjusted Note Balance of each Class of Notes may, by one or more instruments in writing, waive any Event of Default hereunder and its consequences, except a continuing Event of Default:
(i) in respect of the payment of the principal of or interest on any Note (which may only be waived by the Holder of such NoteholderNote), or
(ii) in respect of a covenant or provision hereof which under Article IX hereof cannot be modified or amended without the consent of the Noteholder Holder of each Outstanding Note affected (which only may be waived by the Noteholders Holders of all Outstanding Notes affected).
(b) A copy of each waiver pursuant to Section 6.13(a) hereof above shall be furnished by the Issuer to the Indenture Trustee and each Noteholder. Upon any such waiver, such Event of Default shall cease to exist and shall be deemed to have been cured, for every purpose of this Indenture; but no such waiver shall extend to any subsequent or other Event of Default or impair any right consequent thereon.
Appears in 2 contracts
Samples: Indenture (Bluegreen Corp), Indenture (Bluegreen Corp)
Waiver of Events of Default. (a) Unless a Sequential Pay Event shall have occurred, the Noteholders The Holders representing at least 66-2/3% of the Adjusted then Outstanding Note Balance of each Class of Notes may, by one or more instruments in writing, waive any Event of Default on behalf of all Noteholders hereunder and its consequences, except a continuing Event of Default:
(i) in respect of the payment of the principal of or interest on any Note (which may only be waived by the Holder of such NoteholderNote), or
(ii) in respect of a covenant or provision hereof which under Article IX 9 hereof cannot be modified or amended without the consent of the Noteholder Holder of each Outstanding Note affected (which only may be waived by the Noteholders Holders of all Outstanding Notes affected).
(b) A copy of each waiver pursuant to Section 6.13(a) hereof shall be furnished by the Issuer to the Indenture Trustee and each Noteholder. Upon any such waiver, such Event of Default shall cease to exist and shall be deemed to have been cured, for every purpose of this Indenture; but no such waiver shall extend to any subsequent or other Event of Default or impair any right consequent thereon.
Appears in 2 contracts
Samples: Indenture (Diamond Resorts Parent, LLC), Indenture (Diamond Resorts Parent, LLC)
Waiver of Events of Default. (a) Unless a Sequential Pay Event shall have occurred, the Noteholders representing at least 66-2/3% of the Adjusted Note Balance of each Class of Notes may, by one or more instruments in writing, waive any Event of Default hereunder and its consequences, except a continuing Event of Default:
(i) in respect of the payment of the principal of or interest on any Note (which may only be waived by such Noteholder), or
(ii) in respect of a covenant or provision hereof which under Article IX hereof cannot be modified or amended without the consent of the Noteholder of each Outstanding Note affected (which only may be waived by the Noteholders of all Outstanding Notes affected).59
(b) A copy of each waiver pursuant to Section 6.13(a) hereof shall be furnished by the Issuer to the Indenture Trustee and each Noteholder. Upon any such waiver, such Event of Default shall cease to exist and shall be deemed to have been cured, for every purpose of this Indenture; but no such waiver shall extend to any subsequent or other Event of Default or impair any right consequent thereon.
Appears in 2 contracts
Samples: Indenture (Bluegreen Vacations Holding Corp), Indenture (Bluegreen Vacations Corp)
Waiver of Events of Default. (a) Unless a Sequential Pay Event shall have occurred, The Note Insurer or the Noteholders representing at least holders of 66-2/3% of the Adjusted then outstanding principal balance of the Notes (with the prior written consent of the Note Balance of each Class of Notes Insurer) may, by one or more instruments in writing, waive any Event of Default hereunder and its consequences, except a continuing Event of Default:
(i) in respect of the payment of the principal of or interest on any Note (which may only be waived by the Holder of such NoteholderNote), or
(ii) in respect of a covenant or provision hereof which under Article IX hereof XI cannot be modified or amended without the consent of the Noteholder Holder of each Outstanding Note outstanding affected (which only may be waived by the Noteholders Holders of all Outstanding Notes outstanding affected).
(b) A copy of each waiver pursuant to Section 6.13(a8.08(a) hereof shall be furnished by the Issuer First Sierra to the Indenture Trustee and each NoteholderTrustee. Upon any such waiver, such Event of Default shall cease to exist and shall be deemed to have been cured, for every purpose of this Indenture; but no such waiver shall extend to any subsequent or other Event of Default or impair any right consequent thereon.
Appears in 2 contracts
Samples: Indenture (First Sierra Receivables Iii Inc), Indenture (First Sierra Receivables Iii Inc)
Waiver of Events of Default. (a) Unless a Sequential Pay Event shall have occurred, the Noteholders representing at least The holders of Notes evidencing not less than [66-2/3% %] of the Adjusted Note Balance of each Class of Notes Voting Rights may, by one or more instruments in writing, waive any Indenture Event of Default hereunder and its consequences, except a continuing Indenture Event of Default:
(i) in respect of the payment of the principal of or premium or interest on any Outstanding Note (which may only be waived by the holder of such NoteholderNote), or
(ii) in respect of a covenant or provision hereof which under Article IX hereof Nine cannot be modified or amended without the consent of the Noteholder holder of each Outstanding Note affected (which only may be waived by the Noteholders holders of all Outstanding Notes affected).
(b) A copy of each waiver pursuant to Section 6.13(a) hereof shall be furnished by the Issuer to the Indenture Trustee and each NoteholderTrustee. Upon any such waiver, such Indenture Event of Default shall cease to exist and shall be deemed to have been cured, for every purpose of this Indenture; but no such waiver shall extend to any subsequent or other Indenture Event of Default or impair any right consequent thereon.
Appears in 2 contracts
Samples: Indenture (Acc Consumer Finance Corp), Indenture (Chevy Chase Bank FSB)
Waiver of Events of Default. (a) Unless a Sequential Pay Event shall have occurred, the Noteholders The Holders representing at least 66-2/366‑2/3% of the Adjusted then Outstanding Note Balance of each Class of Notes may, by one or more instruments in writing, waive any Event of Default on behalf of all Noteholders hereunder and its consequences, except a continuing Event of Default:
(i) in respect of the payment of the principal of or interest on any Note (which may only be waived by the Holder of such NoteholderNote), or
(ii) in respect of a covenant or provision hereof which under Article IX 9 hereof cannot be modified or amended without the consent of the Noteholder Holder of each Outstanding Note affected (which only may be waived by the Noteholders Holders of all Outstanding Notes affected).
(b) A copy of each waiver pursuant to Section 6.13(a) hereof shall be furnished by the Issuer to the Indenture Trustee and each Noteholder. Upon any such waiver, such Event of Default shall cease to exist and shall be deemed to have been cured, for every purpose of this Indenture; but no such waiver shall extend to any subsequent or other Event of Default or impair any right consequent thereon.
Appears in 2 contracts
Samples: Indenture (Diamond Resorts International, Inc.), Indenture (Diamond Resorts Corp)
Waiver of Events of Default. (a) Unless a Sequential Pay Event shall have occurred, the Noteholders representing The holders of at least 66-2/3% of the Adjusted Note Balance then Outstanding Principal Amount of each Class the Notes of Notes any Series may, by one or more instruments in writing, waive any Event of Default on behalf of all Noteholders of such Series hereunder and its consequences, except a continuing Event of Default:
(i) in respect of the payment of the principal of or interest on any Note (which may only be waived by the holder of such NoteholderNote), or
(ii) in respect of a covenant or provision hereof which under Article IX hereof Nine cannot be modified or amended without the consent of the Noteholder holder of each Outstanding Note affected (which only may be waived by the Noteholders holders of all Outstanding Notes affected).
(b) A copy of each waiver pursuant to Section 6.13(a) hereof shall be furnished by the Issuer Company to the Indenture Trustee and each Noteholder. Upon any such waiver, such Event of Default shall cease to exist and shall be deemed to have been cured, for every purpose of this Indenture; but no such waiver shall extend to any subsequent or other Event of Default or impair any right consequent thereon.
Appears in 2 contracts
Samples: Trust Indenture (Autobond Acceptance Corp), Trust Indenture (Autobond Acceptance Corp)
Waiver of Events of Default. (a) Unless a Sequential Pay Event shall have occurred, the Noteholders representing at least 66-2/3% of the Adjusted Note Balance of each Class of Notes The Noteholder Majority may, by one or more instruments in writing, waive any Event of Default on behalf of all Noteholders hereunder and its consequences, except a continuing Event of Default:
(i) in respect of the payment of the principal of or interest on any Note (which may only be waived by the Holder of such NoteholderNote), or
(ii) in respect of a covenant or provision hereof which under Article IX VIII hereof cannot be modified or amended without the consent of the Noteholder Holder of each Outstanding Note affected (which only may be waived by the Noteholders Holders of all Outstanding Notes affected).
(b) A copy of each waiver pursuant to Section 6.13(a5.13(a) hereof shall be furnished by the Issuer to the Indenture Trustee and each Noteholder. Upon any such waiver, such Event of Default shall cease to exist and shall be deemed to have been cured, for every purpose of this Indenture; but no such waiver shall extend to any subsequent or other Event of Default or impair any right consequent thereon.
Appears in 1 contract
Samples: Indenture (Encore Capital Group Inc)
Waiver of Events of Default. (a) Unless a Sequential Pay Event shall have occurred, the Noteholders The Holders representing at least 66-2/366‑2/3% of the Adjusted then Outstanding Note Balance of each Class of Notes may, by one or more instruments in writing, waive any Event of Default on behalf of all Noteholders hereunder and its consequences, except a continuing Event of Default:
(i) in respect of the payment of the principal of or interest on any Note (which may only be waived by the Holder of such NoteholderNote), oror KL2 2868730.8
(ii) in respect of a covenant or provision hereof which under Article IX 9 hereof cannot be modified or amended without the consent of the Noteholder Holder of each Outstanding Note affected (which only may be waived by the Noteholders Holders of all Outstanding Notes affected).
(b) A copy of each waiver pursuant to Section 6.13(a) hereof shall be furnished by the Issuer to the Indenture Trustee and each Noteholder. Upon any such waiver, such Event of Default shall cease to exist and shall be deemed to have been cured, for every purpose of this Indenture; but no such waiver shall extend to any subsequent or other Event of Default or impair any right consequent thereon.
Appears in 1 contract
Waiver of Events of Default. (a) Unless a Sequential Pay Event shall have occurred, the Noteholders representing at least 66-2/3% of the Adjusted Note Balance of each Class of Notes The Administrative Agent may, by one or more instruments in writing, waive any Event of Default on behalf of all Noteholders hereunder and its consequences, except a continuing Event of Default:
(i) in respect of the payment of the principal of or interest on any Note (which may only be waived by the Holder of such NoteholderNote), oror KL2 2878899.10
(ii) in respect of a covenant or provision hereof which under Article IX 9 hereof cannot be modified or amended without the consent of the Noteholder Holder of each Outstanding Note affected (which only may be waived by the Noteholders Holders of all Outstanding Notes affected).
(b) A copy of each waiver pursuant to Section 6.13(a) hereof shall be furnished by the Issuer to the Indenture Trustee and Trustee, each Noteholder, each Purchaser and the Administrative Agent. Upon any such waiver, such Event of Default shall cease to exist and shall be deemed to have been cured, for every purpose of this Indenture; but no such waiver shall extend to any subsequent or other Event of Default or impair any right consequent thereon.
Appears in 1 contract
Waiver of Events of Default. (a) Unless a Sequential Pay Event shall have occurred, the The Noteholders representing at least 66-2/3% of the Adjusted Aggregate Outstanding Note Balance of each Class of Notes may, by one or more instruments in writing, waive any Event of Default hereunder and its consequences, except a continuing Event of Default:
(i) in respect of the payment of the principal of or interest on any Note (which may only be waived by such Noteholder), or
(ii) in respect of a covenant or provision hereof which under Article IX hereof cannot be modified or amended without the consent of the Noteholder of each Outstanding Note affected (which only may be waived by the Noteholders of all Outstanding Notes affected).
(b) A copy of each waiver pursuant to Section 6.13(a) hereof shall be furnished by the Issuer to the Indenture Trustee and each Noteholder. Upon any such waiver, such Event of Default shall cease to exist and shall be deemed to have been cured, for every purpose of this Indenture; but no such waiver shall extend to any subsequent or other Event of Default or impair any right consequent thereon.
Appears in 1 contract
Samples: Indenture (Bluegreen Corp)
Waiver of Events of Default. (a) Unless a Sequential Pay Event shall have occurred, the Noteholders representing at least The holders of 66-2/3% of the Adjusted Note Balance then Outstanding Principal Amount of each Class the Notes of Notes any Series may, by one or more instruments in writing, waive any Event of Default on behalf of all Noteholders of such Series hereunder and its consequences, except a continuing Event of Default:
(i) in respect of the payment of the principal of or interest on any Note (which may only be waived by the holder of such NoteholderNote), or
(ii) in respect of a covenant or provision hereof which under Article IX hereof Nine cannot be modified or amended without the consent of the Noteholder holder of each Outstanding Note affected (which only may be waived by the Noteholders holders of all Outstanding Notes affected).
(b) A copy of each waiver pursuant to Section 6.13(a) hereof shall be furnished by the Issuer Company to the Indenture Trustee and each NoteholderTrustee. Upon any such waiver, such Event of Default shall cease to exist and shall be deemed to have been cured, for every purpose of this Indenture; but no such waiver shall extend to any subsequent or other Event of Default or impair any right consequent thereon.
Appears in 1 contract
Waiver of Events of Default. (a) Unless a Sequential Pay Event shall have occurred, the Noteholders representing The Holders of Notes evidencing at least 66-2/3662/3% of the Adjusted Note Balance then Outstanding Principal Amount of each Class of the Notes may, by one or more instruments in writing, waive any Event of Default hereunder and its consequences, except a continuing Event of Default:
(i) in respect of the payment of the principal of or premium or interest on any Note (which may only be waived by the Holder of such NoteholderNote), or
(ii) in respect of a covenant or provision hereof which under Article IX hereof Nine cannot be modified or amended without the consent of the Noteholder Holder of each Outstanding Note affected (which only may be waived by the Noteholders Holders of all Outstanding Notes affected).
(b) A copy of each waiver pursuant to Section 6.13(a) hereof shall be furnished by the Issuer to the Indenture Trustee and each NoteholderTrustee. Upon any such waiver, such Event of Default shall cease to exist and shall be deemed to have been cured, for every purpose of this Indenture; but no such waiver shall extend to any subsequent or other Event of Default or impair any right consequent thereon.
Appears in 1 contract
Waiver of Events of Default. (a) Unless a Sequential Pay Event shall have occurred, the Noteholders The Holders representing at least 66-2/3% of the Adjusted Note Balance Voting Rights evidenced by all Classes of each Class of Notes may, Certificates affected by one or more instruments in writing, waive any Event of Default hereunder and its consequences, except a continuing may waive such Event of Default:
; provided, however, that an Event of Default under clause (i) in respect of the payment of the principal of or interest on any Note (which may only be waived by such Noteholder), or
(ii) in respect or (xi) of a covenant or provision hereof which under Article IX hereof cannot be modified or amended without the consent of the Noteholder of each Outstanding Note affected (which only Section 10.01 may be waived only by all of the Noteholders of all Outstanding Notes affected).
(b) A copy of each waiver pursuant to Section 6.13(a) hereof shall be furnished by the Issuer to the Indenture Trustee and each NoteholderCertificateholders. Upon any such waiverwaiver of an Event of Default, such Event of Default shall cease to exist and shall be deemed to have been cured, remedied for every purpose hereunder, except that no Event of this Indenture; but no Default under Section 10.01(i) shall be deemed so waived or cured unless and until the Trustee has been reimbursed in full for all Advances which they may have made hereunder. No such waiver shall extend to any subsequent or other Event of Default or impair any right consequent thereonthereon except to the extent expressly so waived. Notwithstanding any other provisions of this Agreement, for purposes of waiving any Event of Default pursuant to this Section 10.04, Certificates registered in the name of the Depositor or any Affiliate of the Depositor shall be entitled to Voting Rights with respect to the matters described above.
Appears in 1 contract
Samples: Pooling and Servicing Agreement (Morgan J P Commercial Mortgage Finance Corp)
Waiver of Events of Default. (a) Unless a Sequential Pay Event shall have occurred, The Controlling Party (with the Noteholders representing at least 66-2/3% prior written consent of the Adjusted Note Balance of each Class of Notes Insurer (so long as no Note Insurer Default has occurred and is continuing)) may, by one or more instruments in writing, waive any Event of Default hereunder and its consequences, except a continuing Event of Default:
(i) in respect of the payment of the principal of or interest on any Note (which may only be waived by the Holder of such NoteholderNote), or
(ii) in respect of a covenant or provision hereof which under Article IX hereof XI cannot be modified or amended without the consent of the Noteholder Holder of each Outstanding Note outstanding affected (which only may be waived by the Noteholders Holders of all Outstanding affected Notes affectedoutstanding).
(b) A copy of each waiver pursuant to Section 6.13(a8.08(a) hereof shall be furnished by the Issuer Servicer to the Indenture Trustee and each NoteholderTrustee. Upon any such waiver, such Event of Default shall cease to exist and shall be deemed to have been cured, for every purpose of this Indenture; but no such waiver shall extend to any subsequent or other Event of Default or impair any right consequent thereon.
Appears in 1 contract
Samples: Indenture (Prudential Securities Secured Financing Corp)
Waiver of Events of Default. (a) Unless a Sequential Pay Event shall have occurred, The Note Insurer or the Noteholders representing at least holders of 66-2/3% of the Adjusted then outstanding principal balance of the Notes (with the prior written consent of the Note Balance of each Class of Notes Insurer) may, by one or more instruments in writingwriting to the Indenture Trustee, waive any Event of Default hereunder and its consequences, except a continuing Event of Default:
(i) in respect of the payment of the principal of or interest on any Note (which may only be waived by the Holder of such NoteholderNote), or
(ii) in respect of a covenant or provision hereof which under Article IX hereof XI cannot be modified or amended without the consent of the Noteholder Holder of each Outstanding Note outstanding affected (which only may be waived by the Noteholders Holders of all Outstanding Notes outstanding affected).
(b) A copy of each waiver pursuant to Section 6.13(a) hereof shall be furnished by the Issuer to the Indenture Trustee and each Noteholder. Upon any such waiver, such Event of Default shall cease to exist and shall be deemed to have been cured, for every purpose of this Indenture; but no such waiver shall extend to any subsequent or other Event of Default or impair any right consequent thereon.
Appears in 1 contract
Samples: Indenture (Unicapital Corp)
Waiver of Events of Default. (a) Unless a Sequential Pay Event shall have occurred, the The Noteholders representing at least 66-2/3% of the Adjusted Note Balance of each Class of Notes may, by one or more instruments in writing, waive any Event of Default on behalf of all Noteholders hereunder and its consequences, except a continuing Event of Default:
(i) in respect of the payment of the principal of or interest on any Note (which may only be waived by the Holder of such NoteholderNote), or
(ii) in respect of a covenant or provision hereof which under Article IX hereof 9 cannot be modified or amended without the consent of the Noteholder Holder of each Outstanding Note affected (which only may be waived by the Noteholders Holders of all Outstanding Notes affected).
(b) A copy of each waiver pursuant to Section 6.13(a) hereof shall be furnished by the Issuer Borrower to the Indenture Trustee and each Noteholder. Upon any such waiver, such Event of Default shall cease to exist and shall be deemed to have been cured, for every purpose of this Indenture; but no such waiver shall extend to any subsequent or other Event of Default or impair any right consequent thereon.
Appears in 1 contract
Waiver of Events of Default. (a) Unless a Sequential Pay Event shall have occurred, the Noteholders representing The Holders of at least 66-2/3% of the Adjusted Note Balance then Outstanding Principal Amount of each Class the Notes of Notes any Series may, by one or more instruments in writing, waive any Event of Default on behalf of all Noteholders of such Series hereunder and its consequences, except a continuing Event of Default:
(i) in respect of the payment of the principal of or interest on any Note (which may only be waived by the Holder of such NoteholderNote), or
(ii) in respect of a covenant or provision hereof which under Article IX hereof 9 cannot be modified or amended without the consent of the Noteholder Holder of each Outstanding Note affected (which only may be waived by the Noteholders Holders of all Outstanding Notes affected).
(b) A copy of each waiver pursuant to Section 6.13(a) hereof shall be furnished by the Issuer Company to the Indenture Trustee and each Noteholder. Upon any such waiver, such Event of Default shall cease to exist and shall be deemed to have been cured, for every purpose of this Indenture; but no such waiver shall extend to any subsequent or other Event of Default or impair any right consequent thereon.
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Waiver of Events of Default. (a) Unless a Sequential Pay Event shall have occurred, the Noteholders The Holders representing at least 66-2/3% of the Adjusted Note Balance of Voting Rights allocated to each Class of Notes may, Certificates affected by one or more instruments in writing, waive any Event of Default hereunder and its consequenceshereunder, except a continuing together with any Companion Loan Noteholder affected by such Event of Default:
, may waive such Event of Default; PROVIDED, HOWEVER, that an Event of Default under CLAUSES (i) in respect of the payment of the principal of or interest on any Note (which may only be waived by such Noteholder), or
(ii), (iii) in respect or (x)-(xi) of a covenant or provision hereof which under Article IX hereof cannot be modified or amended without the consent of the Noteholder of each Outstanding Note affected (which only SECTION 7.01(a) may be waived only by all of the Noteholders Certificateholders of all Outstanding Notes affected).
(b) A copy the affected Classes, together with any Companion Loan Noteholder affected by such Event of each waiver pursuant to Section 6.13(a) hereof shall be furnished by the Issuer to the Indenture Trustee and each NoteholderDefault. Upon any such waiverwaiver of an Event of Default, such Event of Default shall cease to exist and shall be deemed to have been cured, remedied for every purpose of this Indenture; but no hereunder. No such waiver shall extend to any subsequent or other Event of Default or impair any right consequent thereonthereon except to the extent expressly so waived. Notwithstanding any other provisions of this Agreement, for purposes of waiving any Event of Default pursuant to this SECTION 7.04, Certificates registered in the name of the Depositor or any Affiliate of the Depositor shall be entitled to Voting Rights with respect to the matters described above.
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Samples: Pooling and Servicing Agreement (Structured Asset Sec Corp Com Mort Pas THR Certs Ser 2000-C3)
Waiver of Events of Default. (a) Unless a Sequential Pay Event shall have occurred, the Noteholders representing The Holders of Notes evidencing at least 66-2/3% of the Adjusted Note Balance then Outstanding Principal Amount of each Class of the Notes may, by one or more instruments in writing, waive any Event of Default hereunder and its consequences, except a continuing Event of Default:
(i) in respect of the payment of the principal of or premium or interest on any Note (which may only be waived by the Holder of such NoteholderNote), or
(ii) in respect of a covenant or provision hereof which under Article IX hereof Nine cannot be modified or amended without the consent of the Noteholder Holder of each Outstanding Note affected (which only may be waived by the Noteholders Holders of all Outstanding Notes affected).
(b) A copy of each waiver pursuant to Section 6.13(a) hereof shall be furnished by the Issuer to the Indenture Trustee and each NoteholderTrustee. Upon any such waiver, such Event of Default shall cease to exist and shall be deemed to have been cured, for every purpose of this Indenture; but no such waiver shall extend to any subsequent or other Event of Default or impair any right consequent thereon.
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Waiver of Events of Default. (a) Unless a Sequential Pay Event shall have occurred, the Noteholders representing at least 66-2/3% of the Adjusted Note Balance of each Class of Notes The Administrative Agent may, by one or more instruments in writing, waive any Event of Default on behalf of all Lenders hereunder and its consequences, except a continuing Event of Default:
(i) in respect of the payment of the principal of or interest on any Note under the Asset Backed Loan (which may only be waived by such Noteholderall affected Lenders), or
(ii) in respect of a covenant or provision hereof which under Article IX 9 hereof cannot be modified or amended without the consent of the Noteholder of each Outstanding Note affected Lender (which only may be waived by the Noteholders of all Outstanding Notes affectedaffected Lenders).
(b) A copy of each waiver pursuant to Section 6.13(a) hereof shall be furnished by the Issuer Borrower to the Indenture Trustee Collateral Agent, the Paying Agent, each Lender and each Noteholderthe Administrative Agent. Diamond - Collateral and Servicing Agreement #39303843 Upon any such waiver, such Event of Default shall cease to exist and shall be deemed to have been cured, for every purpose of this IndentureAgreement; but no such waiver shall extend to any subsequent or other Event of Default or impair any right consequent thereon.
Appears in 1 contract
Samples: Collateral and Servicing Agreement (Diamond Resorts International, Inc.)
Waiver of Events of Default. (a) a. Unless a Sequential Pay Default Acceleration Event shall have occurred, the Noteholders Holders representing at least 66-2/3% of the Outstanding Note Balance of the Class A Notes and 66-2/3% of the Adjusted Note Balance of the Class B Notes, in each case, if such Class of Notes is then Outstanding, may, by one or more instruments in writing, waive any Event of Default hereunder and its consequences, except a continuing Event of Default:
(i) i. in respect of the payment of the principal of or interest on any Note (which may only be waived by the Holder of such NoteholderNote), or
(ii) . in respect of a covenant or provision hereof which under Article IX hereof cannot be modified or amended without the consent of the Noteholder Holder of each Outstanding Note affected (which only may be waived by the Noteholders Holders of all Outstanding Notes affected).
(b) b. A copy of each waiver pursuant to Section 6.13(a) hereof shall be furnished by the Issuer to the Indenture Trustee and to each Noteholder. Upon any such waiver, such Event of Default shall cease to exist and shall be deemed to have been cured, for every purpose of this Indenture; but no such waiver shall extend to any subsequent or other Event of Default or impair any right consequent thereon.
Appears in 1 contract
Samples: Indenture (Silverleaf Resorts Inc)
Waiver of Events of Default. (a) Unless a Sequential Pay Event shall have occurredThe Note Insurer (or, following the Class A Termination Date, the Noteholders representing at least Letter of Credit Bank) or the holders of 66-2/3% of the Adjusted then outstanding principal balance of the Notes (with the prior written consent of the Note Balance Insurer (or, following the Class A Termination Date, the Letter of each Class of Notes Credit Bank)) may, by one or more instruments in writing, waive any Event of Default hereunder and its consequences, except a continuing Event of Default:
(i) in respect of the payment of the principal of or interest on any Note (which may only be waived by the Holder of such NoteholderNote), or
(ii) in respect of a covenant or provision hereof which under Article IX hereof XI cannot be modified or amended without the consent of the Noteholder Holder of each Outstanding Note outstanding affected (which only may be waived by the Noteholders Holders of all Outstanding Notes outstanding affected).
(b) A copy of each waiver pursuant to Section 6.13(a8.08(a) hereof shall be furnished by the Issuer First Sierra to the Indenture Trustee and each NoteholderTrustee. Upon any such waiver, such Event of Default shall cease to exist and shall be deemed to have been cured, for every purpose of this Indenture; but no such waiver shall extend to any subsequent or other Event of Default or impair any right consequent thereon.
Appears in 1 contract
Samples: Indenture (Prudential Securities Secured Financing Corp)
Waiver of Events of Default. (a) Unless a Sequential Pay Event shall have occurred, the Noteholders The Holders representing at least 66-2/351% of the Adjusted Outstanding Note Balance of each Class of Notes then Outstanding may, by one or more instruments in writing, waive any Event of Default on behalf of all Noteholders hereunder and its consequences, except a continuing Event of Default:
(i) in respect of the payment of the principal of or interest on any Note (which may only be waived by the Holder of such NoteholderNote), or
(ii) in respect of a covenant or provision hereof which under Article IX 9 hereof cannot be modified or amended without the consent of the Noteholder Holder of each Outstanding Note affected (which only may be waived by the Noteholders Holders of all Outstanding Notes affected).
(b) A copy of each waiver pursuant to Section 6.13(a) hereof shall be furnished by the Issuer to the Indenture Trustee Trustee, each Noteholder and each Noteholderof the Rating Agencies. Upon any such waiver, such Event of Default shall cease to exist and shall be deemed to have been cured, for every purpose of this Indenture; but no such waiver shall extend to any subsequent or other Event of Default or impair any right consequent thereon.
Appears in 1 contract
Samples: Indenture (Sunterra Corp)
Waiver of Events of Default. (a) Unless a Sequential Pay Event shall have occurred, the Noteholders representing at least 66-2/3% of the Adjusted Outstanding Note Balance of each Class of Notes may, by one or more instruments in writing, waive any Event of Default hereunder and its consequences, except a continuing Event of Default:
(i) in respect of the payment of the principal of or interest on any Note (which may only be waived by the Noteholder of such NoteholderNote), or
(ii) in respect of a covenant or provision hereof which under Article IX hereof cannot be modified or amended without the consent of the Noteholder of each Outstanding Note affected (which only may be waived by the Noteholders of all Outstanding Notes affected).
(b) A copy of each waiver pursuant to Section 6.13(a) hereof shall be furnished by the Issuer to the Indenture Trustee and each Noteholder. Upon any such waiver, such Event of Default shall cease to exist and shall be deemed to have been cured, for every purpose of this Indenture; but no such waiver shall extend to any subsequent or other Event of Default or impair any right consequent thereon.
Appears in 1 contract
Samples: Indenture (Bluegreen Corp)
Waiver of Events of Default. (a) Unless a Sequential Pay Event shall have occurred, the Required Noteholders representing at least 66-2/3% of the Adjusted Note Balance of each Class of Notes may, by one or more instruments in writing, waive any Event of Default hereunder and its consequences, except a continuing Event of Default:
(i) in respect of the payment of the principal of or interest on any Note (which may only be waived by the Noteholder of such NoteholderNote), oror 44
(ii) in respect of a covenant or provision hereof which under Article IX hereof cannot be modified or amended without the consent of the Noteholder of each Outstanding Note affected (which only may be waived by the Noteholders of all Outstanding Notes affected).
(b) A copy of each waiver pursuant to Section 6.13(a) hereof shall be furnished by the Issuer to the Indenture Trustee and each Noteholder. Upon any such waiver, such Event of Default shall cease to exist and shall be deemed to have been cured, for every purpose of this Indenture; but no such waiver shall extend to any subsequent or other Event of Default or impair any right consequent thereon.
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Waiver of Events of Default. (a) Unless a Sequential Pay an Acceleration Event shall have occurred, the Noteholders Holders representing at least 66-2/3% of the Adjusted then Outstanding Note Balance of each Class of Notes may, by one or more instruments in writing, waive any Event of Default hereunder and its consequences, except a continuing Event of Default:
(i) in respect of the payment of the principal of or interest on any Note (which may only be waived by the Holder of such NoteholderNote), or
(ii) in respect of a covenant or provision hereof which under Article IX hereof cannot be modified or amended without the consent of the Noteholder Holder of each Outstanding Note affected (which only may be waived by the Noteholders Holders of all Outstanding Notes affected).
(b) A copy of each waiver pursuant to Section 6.13(a) hereof shall be furnished by the Issuer to the Indenture Trustee and to each Noteholder. Upon any such waiver, such Event of Default shall cease to exist and shall be deemed to have been cured, for every purpose of this Indenture; but no such waiver shall extend to any subsequent or other Event of Default or impair any right consequent thereon.
Appears in 1 contract
Samples: Indenture (Silverleaf Resorts Inc)
Waiver of Events of Default. (a) Unless a Sequential Pay Event shall have occurred, the Noteholders representing at least The Holders of 66-2/3% of the Adjusted Note Balance then outstanding principal balance of each Class of the Notes may, by one or more instruments in writing, waive any Event of Default hereunder and its consequences, except a continuing Event of Default:
(i) in respect of the payment of the principal of or interest on any Note (which may only be waived by the Holder of such NoteholderNote), or
(ii) in respect of a covenant or provision hereof which under Article IX hereof XI cannot be modified or amended without the consent of the Noteholder Holder of each Outstanding Note outstanding affected (which only may be waived by the Noteholders Holders of all Outstanding Notes outstanding affected).
(b) A copy of each waiver pursuant to Section 6.13(a8.08(a) hereof shall be furnished by the Issuer to SierxxXxxxxx.xxx xx the Indenture Trustee and each NoteholderTrustee. Upon any such waiver, such Event of Default shall cease to exist and shall be deemed to have been cured, for every purpose of this Indenture; but no such waiver shall extend to any subsequent or other Event of Default or impair any right consequent thereon.
Appears in 1 contract
Waiver of Events of Default. (a) Unless a Sequential Pay Event shall have occurred, the Noteholders representing at least 66-2/3% of the Adjusted Note Balance of each Class of Notes may, by one or more instruments in writing, waive any Event of Default hereunder and its consequences, except a continuing Event of Default:
(i) in respect of the payment of the principal of or interest on any Note (which may only be waived by such Noteholder), or
(ii) in respect of a covenant or provision hereof which under Article IX hereof cannot be modified or amended without the consent of the Noteholder of 57 each Outstanding Note affected (which only may be waived by the Noteholders of all Outstanding Notes affected).
(b) A copy of each waiver pursuant to Section 6.13(a) hereof shall be furnished by the Issuer to the Indenture Trustee and each Noteholder. Upon any such waiver, such Event of Default shall cease to exist and shall be deemed to have been cured, for every purpose of this Indenture; but no such waiver shall extend to any subsequent or other Event of Default or impair any right consequent thereon.
Appears in 1 contract
Samples: Indenture (BBX Capital Corp)
Waiver of Events of Default. (a) a. Unless a Sequential Pay Event shall have occurred, the Noteholders Holders representing at least 66-2/3% of the Adjusted Aggregate Outstanding Note Balance of each Class of Notes then Outstanding, may, by one or more instruments in writing, waive any Event of Default hereunder and its consequences, except a continuing Event of Default:
(i) i. in respect of the payment of the principal of or interest on any Note (which may only be waived by the Holder of such NoteholderNote), or
(ii) . in respect of a covenant or provision hereof which under Article IX hereof cannot be modified or amended without the consent of the Noteholder Holder of each Outstanding Note affected (which only may be waived by the Noteholders Holders of all Outstanding Notes affected).
(b) b. A copy of each waiver pursuant to Section 6.13(a) hereof shall be furnished by the Issuer to the Indenture Trustee and to each Noteholder. Upon any such waiver, such Event of Default shall cease to exist and shall be deemed to have been cured, for every purpose of this Indenture; but no such waiver shall extend to any subsequent or other Event of Default or impair any right consequent thereon.
Appears in 1 contract
Samples: Indenture (Silverleaf Resorts Inc)
Waiver of Events of Default. (a) Unless a Sequential Pay Event shall have occurred, the Noteholders representing The Holders of Notes evidencing at least 66-66 2/3% of the Adjusted Note Balance then Outstanding Principal Amount of each Class of the Notes may, by one or more instruments in writing, waive any Event of Default hereunder and its consequences, except a continuing Event of Default:
(i) in respect of the payment of the principal of or premium or interest on any Note (which may only be waived by the Holder of such NoteholderNote), or
(ii) in respect of a covenant or provision hereof which under Article IX hereof Nine cannot be modified or amended without the consent of the Noteholder Holder of each Outstanding Note affected (which only may be waived by the Noteholders Holders of all Outstanding Notes affected).
(b) A copy of each waiver pursuant to Section 6.13(a) hereof shall be furnished by the Issuer to the Indenture Trustee and each NoteholderTrustee. Upon any such waiver, such Event of Default shall cease to exist and shall be deemed to have been cured, for every purpose of this Indenture; but no such waiver shall extend to any subsequent or other Event of Default or impair any right consequent thereon.
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Waiver of Events of Default. (a) Unless a Sequential Pay Event shall have occurred, The Controlling Party (with the Noteholders representing at least 66-2/3% prior written consent of the Adjusted Note Balance of each Class of Notes Insurer) may, by one or more instruments in writing, waive any Event of Default hereunder and its consequences, except a continuing Event of Default:
(i) in respect of the payment of the principal of or interest on any Note (which may only be waived by the Holder of such NoteholderNote), or
(ii) in respect of a covenant or provision hereof which under Article IX hereof XI cannot be modified or amended without the consent of the Noteholder Holder of each Outstanding Note outstanding affected (which only may be waived by the Noteholders Holders of all Outstanding affected Notes affectedoutstanding).
(b) A copy of each waiver pursuant to Section 6.13(a8.08(a) hereof shall be furnished by the Issuer Servicer to the Indenture Trustee and each NoteholderTrustee. Upon any such waiver, such Event of Default shall cease to exist and shall be deemed to have been cured, for every purpose of this Indenture; but no such waiver shall extend to any subsequent or other Event of Default or impair any right consequent thereon.
Appears in 1 contract
Samples: Indenture (American Business Financial Services Inc /De/)
Waiver of Events of Default. (a) Unless a Sequential Pay Event shall have occurred, the Noteholders representing at least 66-2/3% of the Adjusted Note Balance of each Class of Notes The Agent may, by one or more instruments in writing, waive any Event of Default on behalf of all Noteholders hereunder and its consequences, except a continuing Event of Default:
(i) in respect of the payment of the principal of or interest on any Note (which may only be waived by the Holder of such NoteholderNote), or
(ii) in respect of a covenant or provision hereof which under Article IX 9 hereof cannot be modified or amended without the consent of the Noteholder Holder of each Outstanding Note affected (which only may be waived by the Noteholders Holders of all Outstanding Notes affected).
(b) A copy of each waiver pursuant to Section 6.13(a) hereof shall be furnished by the Issuer to the Indenture Trustee and Trustee, each Noteholder, each Purchaser and the Agent. Upon any such waiver, such Event of Default shall cease to exist and shall be deemed to have been cured, for every purpose of this Indenture; but no such waiver shall extend to any subsequent or other Event of Default or impair any right consequent thereon.
Appears in 1 contract
Waiver of Events of Default. (a) Unless a Sequential Pay Default Acceleration Event shall have occurred, the Noteholders Holders representing at least 66-2/3% of the Adjusted Note Balance of each Class of Notes then Outstanding may, by one or more instruments in writing, waive any Event of Default hereunder and its consequences, except a continuing Event of Default:
(i) in respect of the payment of the principal of or interest on any Note (which may only be waived by the Holder of such NoteholderNote), or
(ii) in respect of a covenant or provision hereof which under Article IX hereof cannot be modified or amended without the consent of the Noteholder Holder of each Outstanding Note affected (which only may be waived by the Noteholders Holders of all Outstanding Notes affected).
(b) A copy of each waiver pursuant to Section 6.13(a) hereof shall be furnished by the Issuer to the Indenture Trustee and to each Noteholder. Upon any such waiver, such Event of Default shall cease to exist and shall be deemed to have been cured, for every purpose of this Indenture; but no such waiver shall extend to any subsequent or other Event of Default or impair any right consequent thereon.
Appears in 1 contract
Samples: Indenture (Silverleaf Resorts Inc)