Common use of Waivers of Events of Default Clause in Contracts

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 2 contracts

Samples: Financing Agreement, Financing Agreement

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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: Indenture of Trust (Iac Capital Trust)

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Waivers of Events of Default. The Trustee may in its discretion waive any default or event of default hereunder and its consequences and rescind any declaration of maturity of principal of and interest on the Bondsconsequences, and notwithstanding anything else to the contrary contained in this Indenture shall do so upon the written request of the holders ofowners

Appears in 1 contract

Samples: Mortgage and Indenture of Trust

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