Common use of Waiver of Past Default Clause in Contracts

Waiver of Past Default. Subject to Sections 6.7 and 9.2, prior to the declaration of acceleration of the maturity of the Notes, the Holder or Holders of not less than a majority in aggregate principal amount of the Notes at the time outstanding by written notice to the Company and the Trustee may waive on behalf of all the Holders any past default or Event of Default under this Indenture and its consequence, except a default in the payment of principal of or interest on any Note or a default with respect to any covenant or provision which cannot be modified or amended without the consent of the Holder of each outstanding Note affected pursuant to Section 9.2.

Appears in 6 contracts

Samples: Indenture (Webcraft LLC), Indenture (Webcraft LLC), Indenture (USA Direct, LLC)

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Waiver of Past Default. Subject to Sections 6.7 and 9.2, prior to the declaration of acceleration of the maturity of the Notes, the Holder or Holders of not less than a majority in aggregate principal amount of the Notes at the time outstanding by written notice to the Company and the Trustee may waive on behalf of all the Holders any past default or Event of Default under this Indenture and its consequence, except a default in the payment of principal of or interest on any Note or a default with respect to any covenant or provision which cannot be modified or amended without the consent of the Holder of each outstanding Note affected pursuant to Section 9.2.

Appears in 3 contracts

Samples: Indenture (Vertis Inc), Indenture (Vertis Inc), Indenture (Vertis Inc)

Waiver of Past Default. Subject to Sections 6.7 SECTIONS 2.09, 6.07 and 9.210.02, prior to the declaration of acceleration of the maturity of the Notes, the Holder or Holders of not less than a majority in aggregate principal amount of the outstanding Notes at the time outstanding by written notice to the Company and the Trustee may waive on behalf of all the Holders any past default an existing Default or Event of Default under this Indenture and its consequenceconsequences, except a default Default in the payment of principal of or interest on any Note as specified in clauses (a), (b) and (c) of SECTION 6.01 or a default with Default in respect to of any covenant term or provision which canof this Indenture that may not be amended or modified or amended without the consent of the each Holder of each outstanding Note affected pursuant to Section 9.2as provided in SECTION 10.

Appears in 2 contracts

Samples: Indenture (Polymer Group Inc), Indenture (Polymer Group Inc)

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Waiver of Past Default. Subject to Sections 6.7 and 9.2, prior to the declaration of acceleration of the maturity of the Notes, the Holder or Holders of not less than a majority in aggregate principal amount of the Notes at the time outstanding by written notice to the Company and the Trustee may waive on behalf of all the Holders any past default or Event of Default under this Indenture and its consequence, except a default in the payment of principal of or interest or Additional Amounts on any Note or a default with respect to any covenant or provision which cannot be modified or amended without the consent of the Holder of each outstanding Note affected pursuant to Section 9.2.

Appears in 1 contract

Samples: Indenture (World Color Press Inc.)

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