Common use of Waiver of Past Default Clause in Contracts

Waiver of Past Default. Subject to Section 6.8, the Holder or Holders of not less than a majority in aggregate principal amount of the outstanding Securities may, on behalf of all Holders, prior to the declaration of the acceleration of the maturity of the Securities, waive any past default hereunder and its consequences, except a default (A) in the payment of the principal of, premium, if any, or interest on, any Security as specified in clauses (1) and (2) of Section 6.1, or (B) in respect of a covenant or provision hereof which, under Article IX, cannot be modified or amended without the consent of the Holder of each outstanding Security affected. Upon any such waiver, such default shall cease to exist, and any Event of Default arising therefrom shall be deemed to have been cured, for every purpose of this Indenture; but no such waiver shall extend to any subsequent or other default or impair the exercise of any right arising therefrom.

Appears in 6 contracts

Samples: Indenture (Centennial Communications Corp /De), Indenture (Pricellular Corp), Indenture (Centennial Communications Corp /De)

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Waiver of Past Default. Subject to Section 6.8, the Holder or Holders of not less than a majority in aggregate principal amount of the outstanding Securities may, by written notice to the Trustee on behalf of all Holders, prior to the declaration of the acceleration of the maturity of the Securities, waive any past default hereunder and its consequences, except a default default (A) in the payment of the principal of, premium, if any, or interest (and Liquidated Damages, if any) on, any Security as specified in clauses (1) and (2) of Section 6.1, or or (B) in respect of a covenant or provision hereof which, under Article IX, cannot be modified or amended without the consent of the Holder of each outstanding Security affected. Upon any such waiver, such default shall cease to exist, and any Event of Default arising therefrom shall be deemed to have been cured, for every purpose of this Indenture; but no such waiver shall extend to any subsequent or other default or impair the exercise of any right arising therefrom.

Appears in 3 contracts

Samples: Indenture (Sun International Hotels LTD), Indenture (Sun International North America Inc), Indenture (Sun International North America Inc)

Waiver of Past Default. Subject to Section 6.86.08, the Holder or Holders of not less than a majority in aggregate principal amount of the outstanding Securities may, on behalf of all Holders, prior to the declaration of the acceleration of the maturity of the Securities, waive any past default hereunder and its consequences, except a default default (A) in the payment of the principal of, premium, if any, or interest on, any Security as specified in clauses (1a) and (2b) of Section 6.16.01, or or (B) in respect of a covenant or provision hereof which, under Article IX9, cannot be modified or amended without the consent of the Holder of each outstanding Security affected. Upon any such waiver, such default shall cease to exist, and any Event of Default arising therefrom shall be deemed to have been cured, for every purpose of this Indenture; but no such waiver shall extend to any subsequent or other default or impair the exercise of any right arising therefrom.

Appears in 3 contracts

Samples: Indenture (Price Communications Corp), Indenture (Price Communications Wireless Inc), Indenture (Price Communications Corp)

Waiver of Past Default. Subject to Section 6.8, the Holder or Holders of not less than a majority 50% in aggregate principal amount of the outstanding Securities may, by written notice to the Trustee on behalf of all Holders, prior to the declaration of the acceleration of the maturity of the Securities, waive any past default hereunder and its consequences, except a default default: (Aa) in the payment of the principal of, premium, if any, or interest on, any Security as specified in clauses (1a) and (2b) of Section 6.1, or ; or (Bb) in respect of a covenant or provision hereof which, under Article IX, cannot be modified or amended without the consent of the Holder of each outstanding Security affected. Upon any such waiver, such default shall cease to exist, and any Event of Default arising therefrom shall be deemed to have been cured, for every purpose of this Indenture; but no such waiver shall extend to any subsequent or other default or impair the exercise of any right arising therefrom.

Appears in 3 contracts

Samples: Indenture (Jazz Casino Co LLC), Indenture (JCC Holding Co), Indenture (Jazz Casino Co LLC)

Waiver of Past Default. Subject to Section 6.8, the Holder or Holders of not less than a majority in aggregate principal amount of the then outstanding Securities may, on behalf of all Holders, prior to the declaration of the acceleration of the maturity of the Securities, waive any past default hereunder and its consequences, except a default default (A) in the payment of the principal of, premium, if any, or interest on, or Liquidated Damages with respect to, any Security not yet cured as specified in clauses (1) and (2) of Section 6.1, or or (B) in respect of a covenant or provision hereof which, under Article IX, cannot be modified or amended without the consent of the Holder of each outstanding Security affected. Upon any such waiver, such default shall cease to exist, and any Event of Default arising therefrom shall be deemed to have been cured, for every purpose of this Indenture; but no such waiver shall extend to any subsequent or other default or impair the exercise of any right arising therefrom.

Appears in 3 contracts

Samples: Indenture (Data Processing Resources Corp), Indenture (Oak Industries Inc), Indenture (Halter Marine Group Inc)

Waiver of Past Default. Subject to Section 6.87.8, the Holder or Holders of not less than a majority in aggregate principal amount of the outstanding Securities may, by written notice to the Trustee on behalf of all Holders, prior to the declaration of the acceleration of the maturity of the Securities, waive any past default hereunder and its consequences, except a default default (A) in the payment of the principal of, premium, if any, or interest on, any Security as specified in clauses (1) and (2) of Section 6.17.1, or or (B) in respect of a covenant or provision hereof which, under Article IXX, cannot be modified or amended without the consent of the Holder of each outstanding Security affected. Upon any such waiver, such default shall cease to exist, and any Event of Default arising therefrom shall be deemed to have been cured, for every purpose of this Indenture; but no such waiver shall extend to any subsequent or other default or impair the exercise of any right arising therefrom.

Appears in 2 contracts

Samples: Indenture (Capital Gaming International Inc /Nj/), Indenture (Elsinore Corp)

Waiver of Past Default. Subject to Section 6.8, the The Holder or Holders of not less than a majority in aggregate principal amount of the then outstanding Securities may, on behalf of all Holders, prior to the declaration of the acceleration of the maturity of the Securities, waive any past default hereunder and its consequences, except a default default (A) in the payment of the principal of, premium, if any, or interest on, on any Security not yet cured as specified in clauses (1) and (2) of Section 6.1, or or (B) in respect of a covenant or provision hereof which, under Article IX, cannot be modified or amended without the consent of the Holder of each outstanding Security affected. Upon any such waiver, such default shall cease to exist, and any Event of Default arising therefrom shall be deemed to have been cured, for every purpose of this Indenture; but no such waiver shall extend to any subsequent or other default or impair the exercise of any right arising therefrom.

Appears in 2 contracts

Samples: Indenture (Antec Corp), Indenture (Antec Corp)

Waiver of Past Default. Subject to Section 6.8, the Holder or Holders of not less than a majority in aggregate principal amount of the then outstanding Securities may, on behalf of all Holders, prior to the declaration of the acceleration of the maturity of the Securities, waive any past default hereunder and its consequences, except a default default (A) in the payment of the principal of, premium, if any, or interest on, or Liquidated Damages with respect to, any Security not yet cured as specified in clauses (1) and (2) of Section 6.1, or or (B) in respect of a covenant or provision hereof which, under Article IX, cannot be modified or amended without the consent of the Holder of each outstanding Security affected. Upon any such waiver, such default shall cease to exist, and any Event of Default arising therefrom shall be deemed to have been cured, for every purpose of this Indenture; but no such waiver shall extend to any subsequent or other default or impair the exercise of any right arising therefrom.

Appears in 2 contracts

Samples: Indenture (United States Filter Corp), Indenture (Tower Automotive Inc)

Waiver of Past Default. Subject to Section 6.87.8, the Holder or Holders of not less than a majority in aggregate principal amount Notational Amount of the outstanding Securities may, by written notice to the Trustee on behalf of all Holders, prior to the declaration delivery of the acceleration an Event of the maturity of the SecuritiesDefault Notice, waive any past default hereunder and its consequences, except a default default (A) in the payment of the principal of, premium, if any, or interest on, Contingent Payments on any Security as specified in clauses (1) and (2) of Section 6.17.1, or or (B) in respect of a covenant or provision hereof which, under Article IXX, cannot be modified or amended without the consent of the Holder of each outstanding Security affected. Upon any such waiver, such default shall cease to exist, and any Event of Default arising therefrom shall be deemed to have been cured, for every purpose of this Indenture; but no such waiver shall extend to any subsequent or other default or impair the exercise of any right arising therefrom.

Appears in 2 contracts

Samples: Indenture (Jazz Casino Co LLC), Indenture (Jazz Casino Co LLC)

Waiver of Past Default. Subject to Section 6.8, the The Holder or Holders of not less than a majority in aggregate principal amount of the then outstanding Securities Notes may, on behalf of all Holders, prior to the declaration of the acceleration of the maturity of the SecuritiesNotes, waive any past default hereunder and its consequences, except a default default (A) in the payment of the principal of, premium, if any, or interest on, or Liquidated Damages with respect to, any Security Note not yet cured as specified in clauses (1) and (2) of Section 6.1, or or (B) in respect of a covenant or provision hereof which, under Article IX, cannot be modified or amended without the consent of the Holder of each outstanding Security Note affected. Upon any such waiver, such default shall cease to exist, and any Event of Default arising therefrom shall be deemed to have been cured, for every purpose of this Indenture; but no such waiver shall extend to any subsequent or other default or impair the exercise of any right arising therefrom.

Appears in 2 contracts

Samples: Indenture (Cellular Communications International Inc), Indenture (Cellular Communications International Inc)

Waiver of Past Default. Subject to Section 6.86.08, the Holder or Holders of not less than a majority in aggregate principal amount of the outstanding Securities may, on behalf of all Holders, prior to the declaration of the acceleration of the maturity of the Securities, waive any past default hereunder and its consequences, except a default default (A) in the payment of the principal of, premium, if any, or interest on, any Security as specified in clauses (1a) and (2b) of Section 6.16.01, or or (B) in respect of a covenant or provision hereof which, under Article IX9, cannot be modified or amended without the consent of the Holder of each a greater specified percentage of the aggregate principal amount of the Notes then outstanding Security affectedwithout the consent of such greater percentage. Upon any such waiver, such default shall cease to exist, and any Event of Default arising therefrom shall be deemed to have been cured, for every purpose of this Indenture; but no such waiver shall extend to any subsequent or other default or impair the exercise of any right arising therefrom.

Appears in 2 contracts

Samples: Indenture (Montgomery Cellular Telephone Co Inc), Indenture (Price Communications Corp)

Waiver of Past Default. Subject to Section 6.8, the Holder or Holders of not less than a majority in aggregate principal amount of the outstanding Securities may, on behalf of all Holders, prior to the declaration of the acceleration of the maturity of the Securities, waive any past default hereunder and its consequences, except a default default (Aa) in the payment of the principal of, premium, if any, or interest on, any Security as specified in clauses (1a) and (2b) of Section 6.1, or or (Bb) in respect of a covenant or provision hereof which, under Article IX, cannot be modified or amended without the consent of the Holder of each outstanding Security affected. Upon any such waiver, such default shall cease to exist, and any Event of Default arising therefrom shall be deemed to have been cured, for every purpose of this Indenture; but no such waiver shall extend to any subsequent or other default or impair the exercise of any right arising therefrom.

Appears in 2 contracts

Samples: Indenture (Transtexas Gas Corp), Indenture (Transtexas Gas Corp)

Waiver of Past Default. Subject to Section 6.87.8, the Holder or Holders of not less than a majority in aggregate principal amount of the outstanding Securities may, by written notice to the Trustee on behalf of all Holders, prior to the declaration of the acceleration of the maturity of the Securities, waive any past default hereunder and its consequences, except a default default (A) in the payment of the principal of, premium, if any, or interest (including Contingent Payments) on, any Security as specified in clauses (1) and (2) of Section 6.17.1, or or (B) in respect of a covenant or provision hereof which, under Article IXX, cannot be modified or amended without the consent of the Holder of each outstanding Security affected. Upon any such waiver, such default shall cease to exist, and any Event of Default arising therefrom shall be deemed to have been cured, for every purpose of this Indenture; but no such waiver shall extend to any subsequent or other default or impair the exercise of any right arising therefrom.

Appears in 2 contracts

Samples: Indenture (Jazz Casino Co LLC), Indenture (Jazz Casino Co LLC)

Waiver of Past Default. Subject to Section 6.8, prior to the declaration of acceleration of the maturity of the Securities, the Holder or Holders of not less than a majority in aggregate principal amount of the outstanding Securities may, on behalf of all Holders, prior to the declaration of the acceleration of the maturity of the Securities, waive any past default hereunder and its consequences, except a default default: (A) in the payment of the principal of, premium, if any, or interest on, on any Security as specified in clauses (1) and (2) of Section 6.1, or 6.1 which has not yet been cured; or (B) in respect of a covenant or provision hereof which, under Article IX, cannot be modified or amended without the consent of the Holder of each outstanding Security affectedaffected thereby. Upon any such waiver, such default shall cease to exist, and any Event of Default arising therefrom shall be deemed to have been cured, for every purpose of this Indenture; , but no such waiver shall extend to any subsequent or other default or impair the exercise of any right arising therefrom.

Appears in 2 contracts

Samples: Indenture (HPSC Inc), Indenture (HPSC Inc)

Waiver of Past Default. Subject to Section 6.8, prior to the declaration of acceleration of the maturity of the Securities, the Holder or Holders of not less than a majority in aggregate principal amount of the Securities then outstanding Securities may, on behalf of all Holders, prior to the declaration of the acceleration of the maturity of the Securities, waive any past default hereunder and its consequences, except a default default (A) in the payment of the principal of, premium, if any, or interest on, any Security as specified in clauses (1a) and (2b) of Section 6.1, or 6.1 and not yet cured; or (B) in respect of a covenant or provision hereof which, under Article IX, cannot be modified or amended without the consent of the Holder of each outstanding Security affected. Upon any such waiver, such default shall cease to exist, and any Event of Default arising therefrom shall be deemed to have been cured, for every purpose of this Indenture; but no such waiver shall extend to any subsequent or other default or Event of Default or impair the exercise of any right arising therefrom. In the case of any such waiver, the Company, the Trustee and the Holders of all the Securities shall be restored to their former positions and rights hereunder, respectively.

Appears in 2 contracts

Samples: Indenture (Universal Outdoor Inc), Indenture (Universal Outdoor Inc)

Waiver of Past Default. Subject to Section 6.8, the Holder or Holders of not less than a majority in aggregate principal amount of the outstanding Securities Debentures may, on behalf of all Holders, prior to the declaration of the acceleration of the maturity of the SecuritiesDebentures, waive any past default hereunder and its consequences, except a default default (A) in the payment of the principal of, premium, if any, or interest on, any Security Debenture as specified in clauses (1) and (2) of Section 6.16.01, or or (B) in respect of a covenant or provision provi- sion hereof which, under Article IX, cannot be modified or amended without the consent of the Holder of each outstanding Security Debenture affected. Upon any such waiver, such default shall cease to exist, and any Event of Default arising therefrom shall be deemed to have been cured, for every purpose of this Indenture; but no such waiver shall extend to any subsequent or other default or impair the exercise of any right arising therefrom.

Appears in 1 contract

Samples: Indenture (Pride Petroleum Services Inc)

Waiver of Past Default. Subject to Section 6.8, the The Holder or Holders of not less than a majority in aggregate principal amount of the then outstanding Securities may, on behalf of all Holders, prior to the declaration of the acceleration of the maturity of the Securities, waive any past default hereunder and its consequences, except a default default (A) in the payment of the principal of, premium, if any, or interest on, or Liquidated Damages with respect to, any Security as specified in clauses (1) and (2) of Section 6.1not yet cured, or or (B) in respect of a covenant or provision hereof which, under Article IX, cannot be modified or amended without the consent of the Holder of each outstanding Security affected. Upon any such waiver, such default shall cease to exist, and any Event of Default arising therefrom shall be deemed to have been cured, for every purpose of this Indenture; but no such waiver shall extend to any subsequent or other default or impair the exercise of any right arising therefrom.

Appears in 1 contract

Samples: Indenture (Occusystems Inc)

Waiver of Past Default. Subject to Section 6.86.8 hereof, the Holder or Holders of not less than a majority in aggregate principal amount of the outstanding Securities Notes may, on behalf of all Holders, prior to the declaration of the acceleration of the maturity of the SecuritiesNotes, waive any past default hereunder and its consequences, except a default (Aa) in the payment of the principal of, premium, if any, or interest on, on any Security Note not yet cured as specified in clauses Section 6.1(a) or (1) and (2) of Section 6.1b), or (Bb) in respect of a covenant or provision hereof which, under Article IXIX hereof, cannot be modified or amended without the consent of the Holder of each outstanding Security Note affected. Upon any such waiver, such default shall cease to exist, and any Event of Default arising therefrom shall be deemed to have been cured, for every purpose of this Indenture; but no such waiver shall extend to any subsequent or other default or impair the exercise of any right arising therefrom.

Appears in 1 contract

Samples: Indenture (Southern Pacific Funding Corp)

Waiver of Past Default. Subject to Section 6.8, the Holder or Holders of not less than a majority in aggregate principal amount of the outstanding Securities may, on behalf of all Holders, prior to the declaration of the acceleration of the maturity of the Securities, waive any past default hereunder and its consequences, except a default (A) in the payment of the principal of, premium, if any, or interest on, any Security as specified in clauses (1) and (2) of Section 6.1, or (B) in respect of a covenant or provision hereof which, under Article IXVIII, cannot be modified or amended without the consent of the Holder of each outstanding Security affected. Upon any such waiver, such default shall cease to exist, and any Event of Default arising therefrom shall be deemed to have been cured, for every purpose of this Indenture; but no such waiver shall extend to any subsequent or other default or impair the exercise of any right arising therefrom.

Appears in 1 contract

Samples: Indenture (Centennial Communications Corp /De)

Waiver of Past Default. Subject to Section 6.8, the Holder or Holders of not less than a majority at least fifty percent in aggregate principal amount of the outstanding Securities Notes may, on behalf of all Holders, prior to the declaration of the acceleration of the maturity of the SecuritiesNotes, waive any past default hereunder and its consequences, except a default default. (A) in the payment of the principal of, premium, if any, or interest or Liquidated Damages on, any Security Note as specified in clauses (1) and (2) of Section 6.16.1 and not yet cured, or or (B) in respect of a covenant or provision hereof which, under Article IX, cannot be modified or amended without the consent of the Holder of each outstanding Security Note affected. Upon any such waiver, such default shall cease to exist, and any Event of Default arising therefrom shall be deemed to have been cured, for every purpose of this Indenture; but no such waiver shall extend to any subsequent or other default or impair the exercise of any right arising therefrom.

Appears in 1 contract

Samples: Indenture (Astor Corp)

Waiver of Past Default. Subject to Section 6.8, the Holder or Holders of not less than a majority in aggregate principal amount of the then outstanding Securities may, on behalf of all Holders, prior to the declaration of the acceleration of the maturity of the Securities, waive any past default hereunder and its consequences, except a default default (A) in the payment of the principal of, premium, premium (if any, ) or interest on, any Security not yet cured as specified in clauses (1) and (2) of Section 6.1, or or (B) in respect of a covenant or provision hereof which, under Article IX, cannot be modified or amended without the consent of the Holder of each outstanding Security affected. Upon any such waiver, such default shall cease to exist, and any Event of Default arising therefrom shall be deemed to have been cured, for every purpose of this Indenture; but no such waiver shall extend to any subsequent or other default or impair the exercise of any right arising therefrom.

Appears in 1 contract

Samples: Indenture (United States Filter Corp)

Waiver of Past Default. Subject to Section 6.8, the Holder or Holders of not less than a majority in aggregate principal amount of the then outstanding Securities may, on behalf of all Holders, prior to the declaration of the acceleration of the maturity of the Securities, waive any past default hereunder and its consequences, except a default default (A) in the payment of the principal of, premium, if any, or interest on, on any Security not yet cured as specified in clauses (1) and (2) of Section 6.1, or or (B) in respect of a covenant or provision hereof which, under Article IX, cannot be modified or amended without the consent of the Holder of each outstanding Security affected. Upon any such waiver, such default shall cease to exist, and any Event of Default arising therefrom shall be deemed to have been cured, for every purpose of this Indenture; but no such waiver shall extend to any subsequent or other default or impair the exercise of any right arising therefrom.

Appears in 1 contract

Samples: Indenture (May & Speh Inc)

Waiver of Past Default. Subject to Section 6.86.08, the Holder or Holders of not less than a majority in aggregate principal amount of the outstanding Securities may, on behalf of all Holders, prior to the declaration of the acceleration of the maturity of the Securities, waive any past default hereunder and its consequences, except a default default (A) in the payment of the principal of, premium, if any, or interest on, any Security as specified in clauses (1a) and (2b) of Section 6.16.01, or or (B) in respect of a covenant or provision hereof which, under Article IX9, cannot be modified or amended without the consent of the Holder of each outstanding Security affected. Upon any such waiver, such default shall cease to exist, and any Event of Default arising therefrom shall be deemed to have been cured, for every purpose of this Indenture; but no such waiver shall extend to any subsequent or other default or impair the exercise of any right arising therefrom.

Appears in 1 contract

Samples: Indenture (Price Communications Corp)

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Waiver of Past Default. Subject to Section 6.87.8, the ---------------------- Holder or Holders of not less than a majority in aggregate principal amount of the outstanding Securities may, by written notice to the Trustee on behalf of all Holders, prior to the declaration of the acceleration of the maturity of the Securities, waive any past default hereunder and its consequences, except a default default (A) in the payment of the principal of, premium, if any, or interest (including Contingent Payments) on, any Security as specified in clauses (1) and (2) of Section 6.17.1, or or (B) in respect of a covenant or provision hereof which, under Article IXX, cannot be modified or amended without the consent of the Holder of each outstanding Security affected. Upon any such waiver, such default shall cease to exist, and any Event of Default arising therefrom shall be deemed to have been cured, for every purpose of this Indenture; but no such waiver shall extend to any subsequent or other default or impair the exercise of any right arising therefrom.

Appears in 1 contract

Samples: Indenture (Jazz Casino Co LLC)

Waiver of Past Default. Subject to Section 6.8, the The Holder or Holders of not less than a majority in aggregate principal amount of the then outstanding Securities may, on behalf of all Holders, prior to the declaration of the acceleration of the maturity of the Securities, waive any past default Default hereunder and its consequences, except a default Default (A) in the payment of the principal of, premium, if any, or interest on, or Liquidated Damages with respect to, any Security as specified in clauses (1) and (2) of Section 6.1not yet cured, or or (B) in respect of a covenant or provision hereof which, under Article IX, cannot be modified or amended without the consent of the Holder of each outstanding Security affected. Upon any such waiver, such default Default shall cease to exist, and any Event of Default arising therefrom shall be deemed to have been cured, for every purpose of this Indenture; but no such waiver shall extend to any subsequent or other default Default or impair the exercise of any right arising therefrom.

Appears in 1 contract

Samples: Indenture (Concentra Managed Care Inc)

Waiver of Past Default. Subject to Section 6.8, the Holder or Holders of not less than a majority in aggregate principal amount of the then outstanding Securities may, on behalf of all Holders, prior to the declaration of the acceleration of the maturity of the Securities, waive any past default hereunder and its consequences, except a default default (A) in the payment of the principal of, premium, if any, interest or interest Liquidated Damages, if any, on, any Security not yet cured as specified in clauses (1) and (2) of Section 6.1, or or (B) in respect of a covenant or provision hereof which, under Article IX, cannot be modified or amended without the consent of the Holder of each outstanding Security affected. Upon any such waiver, such default shall cease to exist, and any Event of Default arising therefrom shall be deemed to have been cured, for every purpose of this Indenture; but no such waiver shall extend to any subsequent or other default or impair the exercise of any right arising therefrom.

Appears in 1 contract

Samples: Indenture (Petsmart Inc)

Waiver of Past Default. Subject to Section 6.87.8, the Holder or Holders of not less than a majority in aggregate principal amount of the outstanding Securities may, on behalf of all Holders, prior to the declaration of the acceleration of the maturity of the Securities, waive any past default hereunder and its consequences, except a default (A) in the payment of the principal of, premium, if any, or interest on, any Security as specified in clauses (1) and (2) of Section 6.17.1 and not yet cured, or (B) in respect of a covenant or provision hereof which, under Article IXX, cannot be modified or amended without the consent of the Holder of each outstanding Security affected, unless all such affected Holders agree, in writing, to waive such Event of Default or other event. Upon any such waiver, such default shall cease to exist, and any Event of Default arising therefrom shall be deemed to have been cured, for every purpose of this Indenture; but no such waiver shall extend to any subsequent or other default or impair the exercise of any right arising therefrom.

Appears in 1 contract

Samples: Indenture (Laboratory Corp of America Holdings)

Waiver of Past Default. Subject to Section 6.8, prior to the declaration of acceleration of the maturity of the Securities, the Holder or Holders of not less than a majority in aggregate principal amount of the Securities then outstanding Securities may, on behalf of all Holders, prior to the declaration of the acceleration of the maturity of the Securities, waive any past default hereunder and its consequences, except a default default (A) in the payment of the principal of, premium, if any, or interest on, any Security as specified in clauses (1a) and (2b) of Section 6.1, or 6.1 and not yet cured; or (B) in respect of a covenant or provision hereof which, under Article IX, cannot be modified or amended without the consent of the Holder of each outstanding Security affected. Upon any such waiver, such default shall cease to exist, and any Event of Default arising therefrom shall be deemed to have been cured, for every purpose of this Indenture; but no such waiver shall extend to any subsequent or other default or impair the exercise of any right arising therefrom.

Appears in 1 contract

Samples: Indenture (Universal Outdoor Inc)

Waiver of Past Default. Subject to Section 6.8, the Holder or Holders of not less than a majority in aggregate principal amount of the then outstanding Securities may, on behalf of all Holders, prior to the declaration of the acceleration of the maturity of the Securities, waive any past default hereunder and its consequences, except a default default (A) in the payment of the principal of, premium, of or premium (if any, ) or interest on, on any Security not yet cured as specified in clauses (1) and (2) of Section 6.1, or or (B) in respect of a covenant or provision hereof which, under Article IX, cannot be modified or amended without the consent of the Holder of each outstanding Security affected. Upon any such waiver, such default shall cease to exist, and any Event of Default arising therefrom shall be deemed to have been cured, for every purpose of this Indenture; but no such waiver shall extend to any subsequent or other default or impair the exercise of any right arising therefromthere from.

Appears in 1 contract

Samples: Indenture (Parker Drilling Co /De/)

Waiver of Past Default. Subject to Section 6.8, the The Holder or Holders of not less than a majority in aggregate principal amount of the then outstanding Securities may, on behalf of all Holders, prior to the declaration of the acceleration of the maturity of the Securities, waive any past default hereunder and its consequences, except a default (A) in the payment of the principal of, premium, if any, or interest on, on any Security not yet cured as specified in clauses (1) and (2) of Section 6.1, or (B) in respect of a covenant or provision hereof which, under Article IX, cannot be modified or amended without the consent of the Holder of each outstanding Security affected. Upon any such waiver, such default shall cease to exist, and any Event of Default arising therefrom shall be deemed to have been cured, for every purpose of this Indenture; but no such waiver shall extend to any subsequent or other default or impair the exercise of any right arising therefrom.

Appears in 1 contract

Samples: Indenture (Arris Group Inc)

Waiver of Past Default. Subject to Section 6.86.08, the Holder or Holders of not less than a majority in aggregate principal amount of the outstanding Securities may, by written notice to the Trustee on behalf of all Holders, prior to the declaration of the acceleration of the maturity of the Securities, waive any past default hereunder and its consequences, except a default default (A) in the payment of the principal of, premium, if any, or interest on, any Security as specified in clauses (1i) and (2ii) of Section 6.16.01, or or (B) in respect of a covenant or provision hereof which, under Article IXNine, cannot be modified or amended without the consent of the Holder of each outstanding Security affected. Upon any such waiver, such default shall cease to exist, and any Event of Default arising therefrom shall be deemed to have been cured, for every purpose of this Indenture; but no such waiver shall extend to any subsequent or other default or impair the exercise of any right arising therefrom.

Appears in 1 contract

Samples: Indenture (Jefferies Group Inc)

Waiver of Past Default. Subject to Section 6.8, the Holder or Holders of not less than a majority in aggregate principal amount of the outstanding Securities may, by written notice to the Trustee on behalf of all Holders, prior to the declaration of the acceleration of the maturity of the Securities, waive any past default hereunder and its consequences, except a default default (A) in the payment of the principal of, premium, if any, or interest on, any Security as specified in clauses (1) and (2) of Section 6.1, or or (B) in respect of a covenant or provision hereof which, under Article IX, cannot be modified or amended without the consent of the Holder of each outstanding Security affected. Upon any such waiver, such default shall cease to exist, and any Event of Default arising therefrom shall be deemed to have been cured, for every purpose of this Indenture; but no such waiver shall extend to any subsequent or other default or impair the exercise of any right arising therefrom.

Appears in 1 contract

Samples: Indenture (Ggri Inc)

Waiver of Past Default. Subject to Section 6.8, the Holder or Holders of not less than a majority in aggregate principal amount of the outstanding Securities Notes may, on behalf of all Holders, prior to the declaration of the acceleration of the maturity of the SecuritiesNotes, waive any past default hereunder and its consequences, except a default default (Aa) in the payment of the principal of, premium, if any, or interest on, any Security Note as specified in clauses (1a) and (2b) of Section 6.1, or or (Bb) in respect of a covenant or provision hereof which, under Article IXXI, cannot be modified or amended without the consent of the Holder of each outstanding Security Note affected. Upon any such waiver, such default shall cease to exist, and any Event of Default arising therefrom shall be deemed to have been cured, for every purpose of this Indenture; but no such waiver shall extend to any subsequent or other default or impair the exercise of any right arising therefrom.

Appears in 1 contract

Samples: Indenture (Transamerican Refining Corp)

Waiver of Past Default. Subject to Section 6.8, the Holder or Holders of not less than a majority in aggregate principal amount of the outstanding Securities may, on behalf of all Holders, prior to the declaration of the acceleration of the maturity of the Securities, waive any past default hereunder and its consequences, except a default default (A) in the payment of the principal of, premium, if any, or interest on, any Security as specified in clauses (1) and (2) of Section 6.1, or or (B) in respect of a covenant or provision hereof which, under Article IX, cannot be modified or amended without the consent of the Holder of each outstanding Security affected. Upon any such waiver, such default shall cease to exist, and any Event of Default arising therefrom shall be deemed to have been cured, for every purpose of this Indenture; but no such waiver shall extend to any subsequent or other default or impair the exercise of any right arising therefrom.

Appears in 1 contract

Samples: Indenture (Pricellular Wireless Corp)

Waiver of Past Default. Subject to Section 6.8, the Holder or Holders of not less than a majority in aggregate principal amount of the then outstanding Securities Notes may, on behalf of all Holders, prior to the declaration of the acceleration of the maturity of the SecuritiesNotes, waive any past default hereunder and its consequences, except a default default (A) in the payment of the principal of, premium, if any, or interest on, or Liquidated Damages with respect to, any Security Note not yet cured as specified in clauses (1) and (2) of Section 6.1, or or (B) in respect of a covenant or provision hereof which, under Article IX, cannot be modified or amended without the consent of the Holder of each outstanding Security Note affected. Upon any such waiver, such default shall cease to exist, and any Event of Default arising therefrom shall be deemed to have been cured, for every purpose of this Indenture; but no such waiver shall extend to any subsequent or other default or impair the exercise of any right arising therefrom.

Appears in 1 contract

Samples: Indenture (Fine Host Corp)

Waiver of Past Default. Subject to Section 6.8, the Holder or Holders of not less than a majority in aggregate principal amount of the outstanding Securities may, by written notice to the Trustee on behalf of all Holders, prior to the declaration of the acceleration of the maturity of the Securities, waive any past default hereunder and its consequences, except a default default: (A) in the payment of the principal of, premium, if any, or interest (and Liquidated Damages, if any) on, any Security as specified in clauses (1) and (2) of Section 6.1, or or (B) in respect of a covenant or provision hereof which, under Article IX, cannot be modified or amended without the consent of the Holder of each outstanding Security affected. Upon any such waiver, such default shall cease to exist, and any Event of Default arising therefrom shall be deemed to have been cured, for every purpose of this Indenture; but no such waiver shall extend to any subsequent or other default or impair the exercise of any right arising therefrom.

Appears in 1 contract

Samples: Indenture (Kerzner International Employment Services LTD)

Waiver of Past Default. Subject to Section 6.87.8, the Holder or Holders of not less than a majority in aggregate principal amount Annual Maximum Contingent Payment Amount of the outstanding Securities may, by written notice to the Trustee on behalf of all Holders, prior to the declaration delivery of the acceleration an Event of the maturity of the SecuritiesDefault Notice, waive any past default hereunder and its consequences, except a default default (A) in the payment of the principal of, premium, if any, or interest on, Contingent Payments on any Security as specified in clauses (1) and (2) of Section 6.17.1, or or (B) in respect of a covenant or provision hereof which, under Article IXX, cannot be modified or amended without the consent of the Holder of each outstanding Security affected. Upon any such waiver, such default shall cease to exist, and any Event of Default arising therefrom shall be deemed to have been cured, for every purpose of this Indenture; but no such waiver shall extend to any subsequent or other default or impair the exercise of any right arising therefrom.

Appears in 1 contract

Samples: Indenture (Jazz Casino Co LLC)

Waiver of Past Default. Subject to Section 6.8, the Holder or Holders of not less than a majority in aggregate principal amount of the outstanding Securities Debentures may, on behalf of all Holders, prior to the declaration of the acceleration of the maturity of the SecuritiesDebentures, waive any past default hereunder and its consequences, except a default default (A) in the payment of the principal of, premium, if any, or interest on, any Security Debenture as specified in clauses (1) and (2) of Section 6.16.01, or or (B) in respect of a covenant or provision provi- sion hereof which, under Article IX, cannot be modified or amended without the consent of the Holder of each outstanding Security Debenture affected. Upon any such waiver, such default shall cease to exist, and any Event of Default arising therefrom shall be deemed to have been cured, for every purpose of this Indenture; but no such waiver shall extend to any subsequent or other default or impair the exercise of any right arising therefrom.. 36

Appears in 1 contract

Samples: Indenture (Pride Petroleum Services Inc)

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