Common use of Without Consent of Owners Clause in Contracts

Without Consent of Owners. The Corporation may amend or supplement this Indenture or the Securities without notice to or consent of any Security Owner: (1) to cure any ambiguity, omission, defect or inconsistency; (2) to make any change that does not adversely affect the rights of any Security Owner in any material respect; (3) to issue additional Certificates of any series hereunder; (4) to authorize additional series or classes of indebtedness hereunder and to incur any amount of indebtedness, whether secured or unsecured; or (5) to evidence the succession of a successor corporation or other entity to the Corporation and the assumption by such successor of the covenants of the Corporation herein and in the Securities. The Trustee may waive compliance by the Corporation with any provision of this Indenture or the Securities without notice to or consent of any Security Owner if the waiver does not adversely affect the rights of any Security Owner.

Appears in 3 contracts

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

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Without Consent of Owners. The Corporation may amend or supplement this Indenture or the Securities without notice to or consent of any Security Owner: (1) to cure any ambiguity, omission, defect or inconsistency; (2) to make any change that does not adversely affect the rights of any Security Owner in any material respect; (3) to issue additional Certificates of any series hereunder; (4) to authorize authorized additional series or classes of indebtedness hereunder and to incur any amount of indebtedness, whether secured or unsecured; or (5) to evidence the succession of a successor corporation or other entity to the Corporation and the assumption by such successor of the covenants of the Corporation herein and in the Securities. The Trustee may waive compliance by the Corporation with any provision of this Indenture or the Securities without notice to or consent of any Security Owner if the waiver does not adversely affect the rights of any Security Owner.

Appears in 1 contract

Samples: Trust Indenture (Cornerstone Ministries Investments Inc)

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Without Consent of Owners. The Corporation may amend or supplement this Indenture or the Securities without notice to or consent of any Security Owner: (1) : to cure any ambiguity, omission, defect or inconsistency; (2) ; to make any change that does not adversely affect the rights of any Security Owner in any material respect; (3) ; to issue additional Certificates of any series hereunder; (4) ; to authorize authorized additional series or classes of indebtedness hereunder and to incur any amount of indebtedness, whether secured or unsecured; or (5) or to evidence the succession of a successor corporation or other entity to the Corporation and the assumption by such successor of the covenants of the Corporation herein and in the Securities. The Trustee may waive compliance by the Corporation with any provision of this Indenture or the Securities without notice to or consent of any Security Owner if the waiver does not adversely affect the rights of any Security Owner.

Appears in 1 contract

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

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