Common use of Waiver of Past Default Clause in Contracts

Waiver of Past Default. Subject to Sections 6.7 and 9.2, the Holders of, in the aggregate, a majority in aggregate principal amount of the outstanding Securities by notice to the Trustee may waive an existing Default or Event of Default and its consequences, except a Default specified in Section 6.1(a)(i) or (ii) or in respect of any provision hereof that cannot be modified or amended without the consent of the Holder so affected pursuant to Section 9.2. When a Default or Event of Default is so waived, it shall be deemed cured and shall cease to exist.

Appears in 4 contracts

Samples: Indenture (Lamar Advertising Co), Sprint Spectrum Finance Corp, Sprint Spectrum L P

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Waiver of Past Default. Subject to Sections 6.7 and 9.2, the Holders of, in the aggregate, a majority in aggregate principal amount at maturity of the outstanding Securities by notice to the Trustee may waive an existing Default or Event of Default and its consequences, except a Default specified in Section 6.1(a)(i) or (ii) or in respect of any provision hereof that cannot be modified or amended without the consent of the Holder so affected pursuant to Section 9.2. When a Default or Event of Default is so waived, it shall be deemed cured and shall cease to exist.

Appears in 2 contracts

Samples: Sprint Spectrum L P, Sprint Spectrum Finance Corp

Waiver of Past Default. Subject to Sections 6.7 and 9.2, the Holders of, in the aggregate, of not less than a majority in aggregate principal amount of the outstanding Securities by notice to the Trustee may on behalf of the Holders of all the Securities waive an existing any past Default or Event of Default and its consequences, except a Default specified in Section 6.1(a)(i6.1(a) or (iib) or in respect of any provision hereof that which cannot be modified or amended without the consent of the Holder so affected pursuant to Section 9.2. When a Default or Event of Default is so waived, it shall be deemed cured and shall cease to existcease.

Appears in 2 contracts

Samples: Indenture (Hvide Marine Inc), Covenants (Rti Capital Corp)

Waiver of Past Default. Subject to Sections 6.7 and 9.2, the Holders of, in the aggregate, at least a majority in aggregate principal amount of the outstanding Securities by written notice to the Trustee may waive an existing Default or Event of Default and its consequences, except a Default specified in Section 6.1(a)(i) or (ii) or in respect of any provision hereof that which cannot be modified or amended without the consent of the Holder so affected pursuant to Section 9.2. When a Default or Event of Default is so waived, it shall be deemed cured and shall cease to existceases.

Appears in 1 contract

Samples: Section (Toms Foods Inc)

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Waiver of Past Default. Subject to Sections 6.7 and 9.2, the Holders of, in the aggregate, at least a majority in aggregate principal amount of the outstanding Securities by notice to the Trustee may waive an existing Default or Event of Default and its consequences, except a Default specified in Section 6.1(a)(i) or (ii) or in respect of any provision hereof that which cannot be modified or amended without the consent of the Holder so affected pursuant to Section 9.2. When a Default or Event of Default is so waived, it shall be deemed cured and shall cease to existcease.

Appears in 1 contract

Samples: Credit Agreement (Republic Engineered Steels Inc)

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