Common use of With Consent of the Holder Clause in Contracts

With Consent of the Holder. (i) The Company may amend this Note or any New Notes without notice to the Holder but with the written consent of the holders of at least a majority in principal amount of the New Notes. (ii) Without the consent of each holder affected, an amendment may not: reduce the amount of New Notes whose holders must consent to an amendment; reduce the rate of or extend the time for payment of interest on any New Note; reduce the principal of or extend the Stated Maturity of any New Note; reduce the premium payable upon the redemption of any New Note or change the time at which any New Note may be redeemed in accordance with Section 5; make any New Note payable in money other than U.S. Dollars; make any change in Section 12(b) or 12(c), or clause (ii) of this Section 10(b); or make any change in any the Note Guarantee that would adversely affect the holders; and

Appears in 3 contracts

Samples: Exchange Agreement (Avondale Inc), Avondale Inc, Avondale Inc

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With Consent of the Holder. (i) The Company may amend this Note or any New Notes without notice to the Holder but with the written consent of the holders of at least a majority in principal amount of the New Notes. (ii) Without the consent of each holder affected, an amendment may not: reduce the amount of New Notes whose holders Holders must consent to an amendment; reduce the rate of or extend the time for payment of interest on any New Note; reduce the principal of or extend the Stated Maturity of any New Note; reduce the premium payable upon the redemption of any New Note or change the time at which any New Note may be redeemed in accordance with Section 5; make any New Note payable in money other than U.S. Dollars; make any change in Section 12(b) or 12(c), or clause (ii) of this Section 10(b); or make any change in any the Note Guarantee that would adversely affect the holdersHolders; and

Appears in 3 contracts

Samples: Avondale Inc, Avondale Inc, Avondale Inc

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