Common use of With Consent of Owners Clause in Contracts

With Consent of Owners. The Corporation may amend or supplement this Indenture or the Securities without notice to any Security Owner but with the written consent of the Owners of not less than a majority in principal amount of the Securities. The Owners of a majority in principal amount of the Securities may waive compliance by the Corporation with any provision of this Indenture or the Securities without notice to any Security Owner. Without the consent of each Security Owner affected, however, an amendment, supplement or waiver, including a waiver pursuant to Section 6.04, may not: reduce the amount of Securities whose Owners must consent to an amendment, supplement or waiver; reduce the rate or extend the time for payment of interest on any Security; reduce the principal of or extend the fixed maturity of any Security; make any Security payable in money other than that stated in the Security; or waive a Default on payment of principal or of interest on any Security.

Appears in 2 contracts

Samples: Trust Indenture (Cornerstone Ministries Investments Inc), Trust Indenture (Pif/Cornerstone Ministries Investments Inc)

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With Consent of Owners. The Corporation may amend or supplement this Indenture or the Securities without notice to any Security Owner but with the written consent of the Owners of not less than a majority in principal amount of the Securities. The Owners of a majority in principal amount of the Securities may waive compliance by the Corporation with any provision of this Indenture or the Securities without notice to any Security Owner. Without the consent of each Security Owner affected, however, an amendment, supplement or waiver, including a waiver pursuant to Section 6.04, may not: : (1) reduce the amount of Securities whose Owners must consent to an amendment, supplement or waiver; ; (2) reduce the rate or extend the time for payment of interest on any Security; ; (3) reduce the principal of or extend the fixed maturity of any Security; ; (4) make any Security payable in money other than that stated in the Security; or or (5) waive a Default on payment of principal or of interest on any Security.

Appears in 2 contracts

Samples: Trust Indenture (Cornerstone Ministries Investments Inc), Trust Indenture (Pif/Cornerstone Ministries Investments Inc)

With Consent of Owners. The Corporation may amend or supplement this Indenture or the Securities without notice to any Security Owner but with the written consent of the Owners of not less than a majority in principal amount of the Securities. The Owners of a majority in principal amount of the Securities may waive compliance by the Corporation with any provision of this Indenture or the Securities without notice to any Security Owner. Without the consent of each Security Owner affected, however, an amendment, supplement or waiver, including a waiver pursuant to Section 6.04, may not: : (1) reduce the amount of Securities whose Owners must consent to an amendment, supplement or waiver; ; (2) reduce the rate or extend the time for payment of interest on any Security; ; (3) reduce the principal of or extend the fixed maturity of any Security; ; (4) make any Security payable in money other than that stated in the Security; or or (5) waive a Default default on payment of principal or of interest on any Security.

Appears in 1 contract

Samples: Trust Indenture (Cornerstone Ministries Investments Inc)

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With Consent of Owners. The Corporation may amend or supplement this Indenture or the Securities without notice to any Security Owner but with the written consent of the Owners of not less than a majority in principal amount of the Securities. The Owners of a majority in principal amount of the Securities may waive compliance by the Corporation with any provision of this Indenture or the Securities without notice to any Security Owner. Without the consent of each Security Owner affected, however, an amendment, supplement or waiver, including a waiver pursuant to Section 6.04, may not: : (1) reduce the amount of Securities whose Owners must consent to an amendment, supplement or waiver; (2) reduce the rate or extend the time for payment of interest on any Security; (3) reduce the principal of or extend the fixed maturity of any Security; (4) make any Security payable in money other than that stated in the Security; or (5) waive a Default on payment of principal or of interest on any Security.

Appears in 1 contract

Samples: Trust Indenture (Pif/Cornerstone Ministries Investments Inc)

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