Common use of Waiver of Past Events Clause in Contracts

Waiver of Past Events. Subject to Section 11.2 of the Base Indenture, Series 2010-1 Noteholders holding 100% of the Series 2010-1 Invested Amount, by written notice to the Trustee, may waive any existing Potential Amortization Event or Amortization Event; provided, however, that notwithstanding the foregoing, Series 2010-1 Noteholders holding 66 2/3% of the Series 2010-1 Invested Amount, by written notice to the Trustee may waive an Amortization Event described in clause (i), (p) or (q) of Section 5.1 of this Supplement (other than, in the case of clause (p), with respect to any agreement, covenant or provision in the Series 2010-1 Notes, the Indenture, this Supplement or any other Related Document the amendment or modification of which requires the consent of a greater percentage of Noteholders or which otherwise prohibits RCFC from taking action without the consent of such greater percentage, in which case such Amortization Event may be waived by such percentage of Series 2010-1 Noteholders).

Waiver of Past Events. Subject to Section 11.2 of the Base Indenture, Series 2010-1 Noteholders holding 100% of the Series 2010-1 Invested Amount, by written notice to the Trustee, may waive any existing Potential Amortization Event or Amortization Event; provided, however, that notwithstanding the foregoing, Series 2010-1 Noteholders holding 66 2/3% of the Series 2010-1 Invested Amount, by written notice to the Trustee may waive an Amortization Event described in clause (i), (p) or (q) of Section 5.1 of this Supplement (other than, in the case of clause (pq), with respect to any agreement, covenant or provision in the Series 2010-1 Notes, the Indenture, this Supplement or any other Related Document the amendment or modification of which requires the consent of a greater percentage of Noteholders or which otherwise prohibits RCFC from taking action without the consent of such greater percentage, in which case such Amortization Event may be waived by such percentage of Series 2010-1 Noteholders).

Waiver of Past Events. Subject to Section 11.2 of the Base Indenture, Series 2010-1 2 Noteholders holding 100% of the Series 2010-1 2 Invested Amount, by written notice to the Trustee, may waive any existing Potential Amortization Event or Amortization Event; provided, however, that notwithstanding the foregoing, Series 2010-1 2 Noteholders holding 66 2/3% of the Series 2010-1 2 Invested Amount, by written notice to the Trustee may waive an Amortization Event described in clause (i), (po) or (qp) of Section 5.1 of this Supplement Supplement, or a Potential Amortization Event relating thereto, (other than, in the case of clause (po), with respect to any agreement, covenant or provision in the Series 2010-1 2 Notes, the Indenture, this Supplement or any other Related Document the amendment or modification of which requires the consent of a greater percentage of Noteholders or which otherwise prohibits RCFC from taking action without the consent of such greater percentage, in which case such Amortization Event may be waived by such percentage of Series 2010-1 2 Noteholders).

Waiver of Past Events. Subject to Section 11.2 of the Base Indenture, Series 2010-1 3 Noteholders holding 100% of the Series 2010-1 3 Invested Amount, by written notice to the Trustee, may waive any existing Potential Amortization Event or Amortization Event; provided, however, that notwithstanding the foregoing, Series 2010-1 3 Noteholders holding 66 2/3% of the Series 2010-1 3 Invested Amount, by written notice to the Trustee may waive an Amortization Event described in clause (i), (p) or (q) of Section 5.1 of this Supplement or a Potential Amortization Event relating thereto (other than, in the case of clause (p), with respect to any agreement, covenant or provision in the Series 2010-1 3 Notes, the Indenture, this Supplement or any other Related Document the amendment or modification of which requires the consent of a greater percentage of Noteholders or which otherwise prohibits RCFC from taking action without the consent of such greater percentage, in which case such Amortization Event may be waived by such percentage of Series 2010-1 3 Noteholders).