Waivers of Indenture Events of Default Sample Clauses

Waivers of Indenture Events of Default. Notwithstanding anything to the contrary contained in this Master Indenture, the Trustee shall waive any Indenture Event of Default and its consequences hereunder upon the written request of the Owners of a majority of the Bond Ownership Rights represented by the Bonds or, if a default has occurred only under a TIFIA Loan Agreement, by the XXXXX Xxxxxx; provided, however, that no Indenture Event of Default in the payment of the Bond Obligations on any Bond when due shall be waived without the consent of the Owners of 100% of the Bond Ownership Rights represented by the Bonds with respect to which an Indenture Event of Default has occurred, unless, prior to such waiver, all such amounts (with interest on the Bond Obligations past due on any Bond at the interest rate on such Bond or, in the case of a Capital Appreciation Bond, the interest rate determined by straight-line interpolation between Accretion Dates) and all Trustee Fees and Expenses in connection with such Indenture Event of Default have been paid or provided for. In case of any such waiver, then and in every such case the Transportation Enterprise, the Trustee and the Secured Parties shall be restored to their former positions and rights hereunder, but no such waiver shall extend to any subsequent or other Indenture Event of Default, or impair any right consequent thereon.
Sample 1
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Waivers of Indenture Events of Default. The Trustee, notwithstanding anything else to the contrary contained in this Indenture, shall waive any Indenture Event of Default upon the written direction of Owners of a majority in aggregate principal amount of the then Outstanding Senior Bonds; provided, however, that any Indenture Event of Default in the payment of the principal of or interest on, or the Redemption Price of, any Senior Bond when due shall not be waived (except as contemplated in Section 7.02(d) hereof) without the consent of the Owners of 100% in aggregate principal amount of the then Outstanding Senior Bonds, unless, prior to such waiver, all such amounts (with interest on amounts past due on any Senior Bond at the interest rate on such Senior Bond) and all Trustee Fees and Expenses in connection with such Indenture Event of Default have been paid or provided for. In case of any such waiver, then and in every such case the Issuer, the Trustee and the Owners of the Senior Bonds shall be restored to their former positions and rights hereunder, but no such waiver shall extend to any subsequent or other Indenture Event of Default, or impair any right consequent thereon.
Sample 1

Related to Waivers of Indenture Events of Default

  • Waivers of Default Waiver by a Party of any default by the other Party of any provision of this Agreement or any Ancillary Agreement shall not be deemed a waiver by the waiving Party of any subsequent or other default, nor shall it prejudice the rights of the other Party. No failure or delay by a Party in exercising any right, power or privilege under this Agreement or any Ancillary Agreement shall operate as a waiver thereof, nor shall a single or partial exercise thereof prejudice any other or further exercise thereof or the exercise of any other right, power or privilege.

  • Events of Default Defined The following shall each constitute an "Event of Default" hereunder:

  • Events of Default and Remedies Section 8.01

  • Events of Default Remedies If any of the following events (“Events of Default”) shall occur:

  • Event of Default Under Any Trust Indenture; Amendments to Any Trust Indenture; Waiver In the event that, as to any MBS, there shall be a Default Under the Trust Indenture or an Event of Default Under the Trust Indenture, the Holders of the Certificates of the related Classes may, in the event that the Trustee shall not take any such action on their behalf, give such notice and take such action as certificateholders under such Trust Indenture shall be permitted to take in respect thereof. For purposes of any Trust Indenture pursuant to which any such action shall be taken or notice given, the holders of the fractional undivided interest in the related trust fund represented by the MBS shall be considered to have approved any such action or given any such notice in an amount which is equal to such fractional undivided interest multiplied by a percentage equal to that percentage obtained by dividing the aggregate of the Certificate Balances of all such Certificates the Holders of which have taken such action or given such notice as permitted hereby by the aggregate of the related Class Balances. In the event that Xxxxxx Xxx shall desire to amend any Trust Indenture pursuant to Section 11.02 (or any similar provision) thereof, under circumstances requiring the vote of certificateholders thereunder, the Trustee may not vote the related MBS on behalf of Holders of the related Certificates except upon the direction to do so from the Holders of the Certificates of the related Classes having Certificate Balances aggregating not less than 51% of the aggregate of the related Class Balances. Similar direction shall be required in order for the Trustee to waive compliance with any provision of a Trust Indenture where the vote of certificateholders is required pursuant to Section 11.02 (or any similar provision) thereof.

  • EVENTS OF DEFAULTS AND CONSEQUENCES 9.1 Subject to the Force Majeure clause, the Promoter shall be considered under a condition of Default, in the following events:

  • Events of Default Any of the following shall constitute an Event of Default:

  • Events of Default and Termination 13.1 If:

  • Notice of Events of Default The Issuer shall give a Responsible Officer of the Indenture Trustee and each Rating Agency prompt written notice of each Event of Default hereunder and each default on the part of the Servicer or the Seller of its obligations under the Sale and Servicing Agreement.

  • Consequences of Events of Default and Corrective Action If an Event of Default occurs, the Province may, at any time, take one or more of the following actions:

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