Waivers of Events of Default. The Trustee may in its discretion waive any event of default hereunder and its consequences and rescind any declaration of maturity of principal of and interest on the Bonds, and shall do so upon the written request of the holders of
Appears in 14 contracts
Samples: Trust Indenture Between, Trust Indenture Between, Trust Indenture Between
Waivers of Events of Default. The Trustee may in at its discretion waive any event Event of default Default hereunder and its consequences and rescind any declaration of maturity of principal of and interest on the Bondsconsequences, and shall do so upon the written request of the holders ofOwners of (i) more than two-thirds of the Bonds Outstanding in respect of which default in the payment of principal or interest, or both, exists, or (ii) more than 50% of the Bonds Outstanding in the case of any other default; provided, however, that there shall not be waived
Appears in 2 contracts
Samples: Trust Indenture and Security Agreement, Bond Trust Indenture and Security Agreement
Waivers of Events of Default. The At the direction of the Requisite Bondholders, the Trustee may in its discretion waive any event of default hereunder and its consequences and rescind any declaration of maturity of principal of and interest on the Bonds, and shall do so upon the written request of the holders ofBondholders of (1) all the Bonds then outstanding in respect of which default in the payment of principal and/or premium, if any, and/or interest exists, or (2) all Bonds then outstanding in the case of any other default; provided, however, that there shall not be waived
Appears in 1 contract
Samples: Trust Indenture
Waivers of Events of Default. The Trustee may in its discretion waive any event Event of default Default hereunder and its consequences and rescind any declaration of maturity of principal of and interest on the Bondsconsequences, and shall do so upon the written request of the holders ofOwners of a majority in aggregate principal amount of the Bonds then Outstanding; provided, however, that the Trustee may not waive an Event of Default described in subparagraph (i) of Section 7.1 hereof without the consent of the registered Owners of all Bonds then Outstanding.
Appears in 1 contract
Samples: Iac Capital Trust
Waivers of Events of Default. The Except as hereinafter provided, at any time, in its discretion, the Trustee may in its discretion waive any event Event of default Default hereunder and its consequences and may rescind and annul any declaration of maturity of principal of and or interest on on, the Bonds, and . The Trustee shall do so upon the written request of the holders Holders of:
Appears in 1 contract
Samples: Trust Indenture
Waivers of Events of Default. The Except as hereinafter provided at any time, in its discretion, the Trustee may in its discretion waive any event Event of default Default hereunder and its consequences and may rescind and annul any declaration of maturity of principal of and interest on the Bonds, and . The Trustee shall do so upon the written request of the holders Holders of
Appears in 1 contract