Common use of Waiver of Past Events Clause in Contracts

Waiver of Past Events. With respect to any existing Potential Amortization Event or Amortization Event described in Section 9.1(c), any such Potential Amortization Event or Amortization Event (and, in any such case, any consequences thereof) with respect to such Series of Group II Notes may be waived as set forth in the related Group II Series Supplement. Upon any such waiver, such Potential Amortization Event shall cease to exist with respect to such Series of Group II Notes, and any Amortization Event with respect to such Series of Group II Notes arising therefrom shall be deemed to have been cured for every purpose of the Group II Indenture and related Group II Series Supplement, but no such waiver shall extend to any subsequent or other Potential Amortization Event or Amortization Event or impair any right consequent thereon. With respect to any existing Potential Amortization Event or Amortization Event described in Section 9.1(a) or (b), any such Potential Amortization Event or Amortization Event (and, in any such case, the consequences thereof) with respect to the Group II Notes shall only be waived with the written consent of each Group II Noteholder. Upon any such waiver, such Potential Amortization Event shall cease to exist with respect to each Series of Group II Notes, and any Amortization Event with respect to each Series of Group II Notes arising therefrom shall be deemed to have been cured for every purpose of the Group II Indenture and each Group II Series Supplement, but no such waiver shall extend to any subsequent or other Potential Amortization Event or Amortization Event or impair any right consequent thereon. The Trustee shall provide notice to each Rating Agency of any waiver by the Group II Noteholders of any Series of Group II Notes pursuant to this Section 9.4.

Appears in 4 contracts

Samples: Master Collateral Agency Agreement (Hertz Corp), Base Indenture (Hertz Global Holdings Inc), Base Indenture (Hertz Global Holdings Inc)

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Waiver of Past Events. With respect to any existing Potential Amortization Event or Amortization Event described in Section 9.1(c), any such Potential Amortization Event or Amortization Event (and, in any such case, any consequences thereof) with respect to such Series of Group II I Notes may be waived as set forth in the related Group II I Series Supplement. Upon any such waiver, such Potential Amortization Event shall cease to exist with respect to such Series of Group II I Notes, and any Amortization Event with respect to such Series of Group II I Notes arising therefrom shall be deemed to have been cured for every purpose of the Group II I Indenture and related Group II I Series Supplement, but no such waiver shall extend to any subsequent or other Potential Amortization Event or Amortization Event or impair any right consequent thereon. With respect to any existing Potential Amortization Event or Amortization Event described in Section 9.1(a) or (b), any such Potential Amortization Event or Amortization Event (and, in any such case, the consequences thereof) with respect to the Group II I Notes shall only be waived with the written consent of each Group II I Noteholder. Upon any such waiver, such Potential Amortization Event shall cease to exist with respect to each Series of Group II I Notes, and any Amortization Event with respect to each Series of Group II I Notes arising therefrom shall be deemed to have been cured for every purpose of the Group II I Indenture and each Group II I Series Supplement, but no such waiver shall extend to any subsequent or other Potential Amortization Event or Amortization Event or impair any right consequent thereon. The Trustee shall provide notice to each Rating Agency of any waiver by the Group II I Noteholders of any Series of Group II I Notes pursuant to this Section 9.4.

Appears in 2 contracts

Samples: Vehicle Title Nominee Agreement (Hertz Corp), Collateral Agency Agreement (Hertz Global Holdings Inc)

Waiver of Past Events. With respect Subject to Section 12.2, the Required Noteholders of any Series of Notes, by notice to the Trustee, may waive any existing Potential Amortization Event or Amortization Event described in Section 9.1(cclause (f), (g), (h), (i) or (j) of Section 9.1 (with respect to clause (j), only to the extent specified in the applicable Series Supplement) which relate to such Series and its consequences; provided that, for the avoidance of doubt, with respect to clause (j) of Section 9.1, if waiver of any such existing Potential Amortization Event or Amortization Event (and, specified in any an applicable Series Supplement is subject to a higher percentage of the aggregate principal amount of Outstanding Notes of such case, any consequences thereof) with respect Series pursuant to such Series Supplement, such higher percentage of Group II the aggregate principal amount of Outstanding Notes may of such Series shall be waived as set forth in the related Group II Series Supplementrequired to waive such existing Potential Amortization Event or Amortization Event. Upon any such waiver, such Potential Amortization Event shall cease to exist with respect to such Series of Group II NotesSeries, and any Amortization Event with respect to such Series of Group II Notes arising therefrom shall be deemed to have been cured for every purpose of the Group II Indenture and related Group II Series Supplementthis Base Indenture, but no such waiver shall extend to any subsequent or other Potential Amortization Event or Amortization Event or impair any right consequent thereon. With respect to any existing A Potential Amortization Event or an Amortization Event described in Section 9.1(a) or clause (a), (b), any such Potential Amortization Event (c), (d), (e) or Amortization Event (and, in any such case, the consequences thereofj) of Section 9.1 (with respect to clause (j), only to the Group II Notes extent specified in the applicable Series Supplement) shall only not be waived with subject to waiver without the written consent approval of each Group II Noteholder. Upon any such waiver, such Potential Amortization Event shall cease to exist with respect to each Series of Group II Notes, and any Amortization Event with respect to each Series of Group II Notes arising therefrom shall be deemed to have been cured for every purpose 100% of the Group II Indenture and each Group II Series Supplement, but no such waiver shall extend to any subsequent or other Potential Amortization Event or Amortization Event or impair any right consequent thereonaggregate Principal Amount of the Outstanding Notes. The Trustee shall provide notice to each Rating Agency Agency, if any, of any waiver by the Group II Noteholders of any Series of Group II Notes pursuant to this Section 9.4. The provisions relating to the waiver of Amortization Events and Potential Amortization Events with respect to any Segregated Series shall be set forth in the related Segregated Series Supplement.

Appears in 2 contracts

Samples: Administration Agreement (Zipcar Inc), Collateral Agency Agreement (Zipcar Inc)

Waiver of Past Events. With respect to any existing Potential Amortization Event or Amortization Event described in clauses (e), (f), (g) or (i) of Section 9.1(c)9.1 of this Base Indenture, any such Potential Amortization Event or Amortization Event (and, in any such case, any consequences thereof) with respect to such Series of Group II HVIF Notes may be waived as set forth in the related Group II HVIF Series Supplement. Upon any such waiver, such Potential Amortization Event shall cease to exist with respect to such Series of Group II HVIF Notes, and any Amortization Event with respect to such Series of Group II HVIF Notes arising therefrom shall be deemed to have been cured for every purpose of the Group II this Base Indenture and related Group II HVIF Series Supplement, but no such waiver shall extend to any subsequent or other Potential Amortization Event or Amortization Event or impair any right consequent thereon. With respect to any existing Potential Amortization Event or Amortization Event described in Section 9.1(aclauses (a), (b), (c), (d) or (b)h) of Section 9.1 of this Base Indenture, any such Potential Amortization Event or Amortization Event (and, in any such case, the consequences thereof) with respect to the Group II HVIF Notes shall only be waived with the written consent of each Group II NoteholderHVIF Noteholder (with respect to any Series of HVIF Notes other than any Controlling Party Series) and each Controlling Party (with respect to any Controlling Party Series). Upon any such waiver, such Potential Amortization Event shall cease to exist with respect to each Series of Group II HVIF Notes, and any Amortization Event with respect to each Series of Group II HVIF Notes arising therefrom shall be deemed to have been cured for every purpose of the Group II this Base Indenture and each Group II HVIF Series Supplement, but no such waiver shall extend to any subsequent or other Potential Amortization Event or Amortization Event or impair any right consequent thereon. The Trustee shall provide notice to each Rating Agency of any waiver by the Group II HVIF Noteholders of any Series of Group II HVIF Notes pursuant to this Section 9.4.

Appears in 1 contract

Samples: Indenture (Hertz Corp)

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Waiver of Past Events. With respect to any existing Potential Amortization Event or Amortization Event described in clauses (e), (f), (g), (j), (k), (l) or (o) of Section 9.1(c)9.1 (Amortization Events) of this Base Indenture, any such Potential Amortization Event or Amortization Event (and, in any such case, any consequences thereof) with respect to such Series of Group II Notes may be waived as set forth in by the related Group II Required Series SupplementNoteholders of such Series of Notes. Upon any such waiver, such Potential Amortization Event shall cease to exist with respect to such Series of Group II Notes, and any Amortization Event with respect to such Series of Group II Notes arising therefrom shall be deemed to have been cured for every purpose of the Group II this Base Indenture and related Group II Series Supplement, but no such waiver shall extend to any subsequent or other Potential Amortization Event or Amortization Event or impair any right consequent thereon. With respect to any existing Potential Amortization Event or Amortization Event described in Section 9.1(aclauses (a), (b), (c), (d), (h), (i), (m) or (b)n) of Section 9.1 (Amortization Events) of this Base Indenture, any such Potential Amortization Event or Amortization Event (and, in any such case, the consequences thereof) with respect to the Group II Notes shall only be waived with the written consent of each Group II NoteholderNoteholder (with respect to any Series of Notes). Upon any such waiver, such Potential Amortization Event shall cease to exist with respect to each Series of Group II Notes, and any Amortization Event with respect to each Series of Group II Notes arising therefrom shall be deemed to have been cured for every purpose of the Group II this Base Indenture and each Group II Series Supplement, but no such waiver shall extend to any subsequent or other Potential Amortization Event or Amortization Event or impair any right consequent thereon. The Trustee shall provide notice to each Rating Agency of any waiver by the Group II Noteholders of any Series of Group II Notes pursuant to this Section 9.49.4 (Waiver of Past Events).

Appears in 1 contract

Samples: Indenture (Hertz Corp)

Waiver of Past Events. With respect to any existing Potential Amortization Event or Amortization Event described in Section 9.1(c), any such Potential Amortization Event or Amortization Event (and, in any such case, any consequences thereof) with respect to such Series of Group II Notes may be waived as set forth in the related Group II Series Supplement. Upon any such waiver, such Potential Amortization Event shall cease to exist with respect to such Series of Group II Notes, and any Amortization Event with respect to such Series of Group II Notes arising therefrom shall be deemed to have been cured for every purpose of the Group II Indenture and related Group II Series Supplement, but no such waiver shall extend to any subsequent or other Potential Amortization Event or Amortization Event or impair any right consequent thereon. With respect to any existing Potential Amortization Event or Amortization Event described in Section 9.1(a) or (b), any such Potential Amortization Event or Amortization Event (and, in any such case, the consequences thereof) with respect to the Group II Notes shall only be waived with the written consent of each Group II Noteholder. Upon any such waiver, such Potential Amortization Event shall cease to exist with respect to each Series of Group II Notes, and any Amortization Event with respect to each Series of Group II Notes arising therefrom shall be deemed to have been WEIL:\95390710\1\99910.6247 cured for every purpose of the Group II Indenture and each Group II Series Supplement, but no such waiver shall extend to any subsequent or other Potential Amortization Event or Amortization Event or impair any right consequent thereon. The Trustee shall provide notice to each Rating Agency of any waiver by the Group II Noteholders of any Series of Group II Notes pursuant to this Section 9.4.

Appears in 1 contract

Samples: Hertz Corp

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