Common use of Waiver of Past Events Clause in Contracts

Waiver of Past Events. Unless otherwise specified in the Series Supplement for a Series, the Noteholders of any Series owning an aggregate principal amount of Notes in excess of 66-2/3% of the aggregate principal amount of the Outstanding Notes of such Series (excluding any Notes held by the Issuer or any Affiliate of the Issuer (other than an Affiliate Issuer)), by written notice to the Trustee, may waive any existing Potential Amortization Event or Amortization Event described in clause (f) of Section 9.1 (solely to the extent that the applicable Series Supplement does not require 100% of the applicable Noteholders to waive such Potential Amortization Event or Amortization Event) which relate to such Series and its consequences. 100% of the Noteholders may waive any Potential Amortization Event or an Amortization Event described in clause (a), (c) or (f) of Section 9.1 (with respect to clause (f), solely to the extent that the applicable Series Supplement requires 100% of the applicable Noteholders to waive such Potential Amortization Event or Amortization Event); provided that notice of such waiver is provided to the Rating Agencies. Upon any such waiver pursuant to either of the two preceding sentences, such Potential Amortization Event shall cease to exist with respect to such Series, and any Amortization Event with respect to such Series arising therefrom shall be deemed to have been cured for every purpose of the Indenture; but no such waiver shall extend to any subsequent or other Potential Amortization Event or impair any right consequent thereon.

Appears in 2 contracts

Samples: Base Indenture (Vanguard Car Rental Group Inc.), Base Indenture (Vanguard Car Rental Group Inc.)

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Waiver of Past Events. Unless Subject to Section 11.2 hereof and unless otherwise specified in the Series Supplement for a Series, the Noteholders of any Series owning an aggregate principal amount Principal Amount of Notes in excess of 66-2/3% of the aggregate principal amount Principal Amount of the Outstanding Notes of such Series (excluding any Notes held by the Issuer or any Affiliate of the Issuer (other than an Affiliate Issuer))Series, by written notice to the Trustee, may waive any existing Potential Amortization Event or Amortization Event described in clause under clauses (fa) or (b) of Section 9.1 (solely 8.1 occurring with respect to the extent that the applicable such Series Supplement does not require 100% of the applicable Noteholders to waive such and its consequences except a continuing Potential Amortization Event or Amortization EventEvent in the payment of the principal of or interest on any Note of such Series. Unless otherwise specified in the Series Supplement for a Series, the holders of any Series owning an aggregate Principal Amount in excess of 50% of the aggregate Principal Amount of Outstanding Notes of such Series, by notice to the Trustee, may waive any existing Potential Amortization Event or Amortization Event related to clauses (c), (g) and (h) of Section 8.1 which relate to such Series and its consequences. 100% of the Noteholders may waive any Potential Amortization Event or an Amortization Event described in clause (a), (c) or (f) of Section 9.1 (with respect to clause (f), solely to the extent that the applicable Series Supplement requires 100% of the applicable Noteholders to waive such Potential Amortization Event or Amortization Event); provided that notice of such waiver is provided to the Rating Agencies. Upon any such waiver pursuant to either of the two preceding sentenceswaiver, such Potential Amortization Event shall cease to exist with respect to such Series, and any Amortization Event with respect to such Series arising therefrom shall be deemed to have been cured for every purpose of the this Base Indenture; but no such waiver shall extend to any subsequent or other Potential Amortization Event or impair any right consequent thereon. Unless otherwise specified in the Series Supplement for a Series, a Potential Amortization Event or an Amortization Event related to clauses (d), (e) and (f) of Section 8.1 shall not be subject to waiver.

Appears in 1 contract

Samples: Base Indenture (Dollar Thrifty Automotive Group Inc)

Waiver of Past Events. Unless otherwise specified in the Series Supplement for a SeriesSeries of Group I Notes, the Supermajority Noteholders of any a Series owning an aggregate principal amount of Notes in excess of 66-2/3% of the aggregate principal amount of the Outstanding Notes of such Series (excluding any Notes held by the Issuer or any Affiliate of the Issuer (other than an Affiliate Issuer))Group I Notes, by written notice to the Trustee, may waive any existing Potential Amortization Event or Amortization Event described in clause (fe) of Section 9.1 (solely to the extent that the applicable Series Supplement does not require 100% of the applicable Noteholders to waive such Potential Amortization Event or Amortization Event) which relate as it relates to such Series and its consequences. Unless otherwise specified in the Series Supplement for a Series of Group I Notes, 100% of the Group I Noteholders by written notice to the Trustee and the Rating Agencies, may waive any existing Potential Amortization Event or an Amortization Event described in clause (a), (cb) or (fe) of Section 9.1 (with respect to clause (fe), solely to the extent that the applicable Series Supplement requires 100% of the applicable Noteholders to waive such Potential Amortization Event or Amortization Event); provided that notice of such waiver is provided to the Rating Agencies. Upon any such waiver pursuant to either of the two preceding sentences, such Potential Amortization Event shall cease to exist with respect to such Series, and any Amortization Event with respect to such Series arising therefrom shall be deemed to have been cured for every purpose of the this Indenture; but no such waiver shall extend to any subsequent or other Potential Amortization Event or impair any right consequent thereon.

Appears in 1 contract

Samples: Base Indenture (Vanguard Car Rental Group Inc.)

Waiver of Past Events. Unless otherwise specified in the Series Supplement for a SeriesSeries of Notes, subject to SECTION 12.2 hereof, the Supermajority Noteholders of any a Series owning an aggregate principal amount of Notes in excess of 66-2/3% of the aggregate principal amount of the Outstanding Notes of such Series (excluding any Notes held by the Issuer or any Affiliate of the Issuer (other than an Affiliate Issuer))Notes, by written notice to the Trustee, may waive any existing Potential Amortization Event or Amortization Event described in clause related to CLAUSE (fC) or (E) of Section SECTION 9.1 (solely with respect to CLAUSE (E), only to the extent that not otherwise specified in the applicable related Series Supplement does not require 100% of the applicable Noteholders to waive such Potential Amortization Event or Amortization EventSupplement) which relate to such Series and its consequences. 100% of the Noteholders may waive any Potential Amortization Event or an Amortization Event described in clause (a), (c) or (f) of Section 9.1 (with respect to clause (f), solely to the extent that the applicable Series Supplement requires 100% of the applicable Noteholders to waive such consequences except a continuing Potential Amortization Event or Amortization Event); provided that notice Event in the payment of such waiver is provided to the Rating Agenciesprincipal of or interest on any Note. Upon any such waiver pursuant to either of the two preceding sentenceswaiver, such Potential Amortization Event shall cease to exist with respect to such Series, and any Amortization Event with respect to such Series arising therefrom shall be deemed to have been cured for every purpose of the this Indenture; but no such waiver shall extend to any subsequent or other Potential Amortization Event or impair any right consequent thereon. A Potential Amortization Event or an Amortization Event related to CLAUSE (B), (C) or (E) of SECTION 9.1 (with respect to CLAUSE (E) only to the extent only subject to waiver by 100% of the Noteholders of the related Series as set forth in the related Series Supplement) may be waived by one hundred (100) percent of the Noteholders of a Series of Notes and the Enhancement Provider, if any, of such Series. An Amortization Event related to CLAUSE (A) of SECTION 9.1 shall not be subject to waiver.

Appears in 1 contract

Samples: Base Indenture (Anc Rental Corp)

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Waiver of Past Events. Unless otherwise specified in the Series Supplement for a SeriesSubject to Section 12.2, the Noteholders of any Series of Notes owning an aggregate principal amount Principal Amount of Notes in excess of 66-66 2/3% of the aggregate principal amount Principal Amount of the Outstanding Notes of such Series (excluding any Notes held by the Issuer or any Affiliate of the Issuer (other than an Affiliate Issuer))Series, by written notice to the Trustee, may waive any existing Potential Amortization Event or Amortization Event described in clause (f), (g), (h), (i) or (j) of Section 9.1 (solely with respect to clause (j), only to the extent that subject to waiver as provided in the applicable Series Supplement does not require 100% of the applicable Noteholders to waive such Potential Amortization Event or Amortization EventSupplement) which relate to such Series and its consequences. 100% of the Noteholders may waive any Potential Amortization Event or an Amortization Event described in clause (a), (c) or (f) of Section 9.1 (with respect to clause (f), solely to the extent that the applicable Series Supplement requires 100% of the applicable Noteholders to waive such Potential Amortization Event or Amortization Event); provided that notice of such waiver is provided to the Rating Agencies. Upon any such waiver pursuant to either of the two preceding sentenceswaiver, such Potential Amortization Event shall cease to exist with respect to such Series, and any Amortization Event with respect to such Series arising therefrom shall be deemed to have been cured for every purpose of the this Indenture; , but no such waiver shall extend to any subsequent or other Potential Amortization Event or impair any right consequent thereon.. A Potential Amortization Event or an Amortization Event described in clause (a), (b), (c), (d), (e) or (j) of Section 9.1 (with respect to clause (j), only to the extent not subject to waiver as set forth in the applicable Series Supplement) shall not be subject to waiver. The Trustee shall provide notice to each Rating Agency of any waiver by the Noteholders of any Series pursuant to 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. 40

Appears in 1 contract

Samples: Base Indenture (Hertz Global Holdings Inc)

Waiver of Past Events. Unless otherwise specified in the Series Supplement for a SeriesSubject to Section 12.2, the Noteholders of any Series of Notes owning an aggregate principal amount Principal Amount of Notes in excess of 66-66 2/3% of the aggregate principal amount Principal Amount of the Outstanding Notes of such Series (excluding any Notes held by the Issuer or any Affiliate of the Issuer (other than an Affiliate Issuer))Series, by written notice to the Trustee, may waive any existing Potential Amortization Event or Amortization Event described in clause (f), (g), (h), (i) or (j) of Section 9.1 (solely with respect to clause (j), only to the extent that subject to waiver as provided in the applicable Series Supplement does not require 100% of the applicable Noteholders to waive such Potential Amortization Event or Amortization EventSupplement) which relate to such Series and its consequences. 100% of the Noteholders may waive any Potential Amortization Event or an Amortization Event described in clause (a), (c) or (f) of Section 9.1 (with respect to clause (f), solely to the extent that the applicable Series Supplement requires 100% of the applicable Noteholders to waive such Potential Amortization Event or Amortization Event); provided that notice of such waiver is provided to the Rating Agencies. Upon any such waiver pursuant to either of the two preceding sentenceswaiver, such Potential Amortization Event shall cease to exist with respect to such Series, and any Amortization Event with respect to such Series arising therefrom shall be deemed to have been cured for every purpose of the this Indenture; , but no such waiver shall extend to any subsequent or other Potential Amortization Event or impair any right consequent thereon. A Potential Amortization Event or an Amortization Event described in clause (a), (b), (c), (d), (e) or (j) of Section 9.1 (with respect to clause (j), only to the extent not subject to waiver as set forth in the applicable Series Supplement) shall not be subject to waiver. The Trustee shall provide notice to each Rating Agency of any waiver by the Noteholders of any Series pursuant to 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 1 contract

Samples: Base Indenture (Hertz Global Holdings Inc)

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