Common use of Without Consent of the Holders Clause in Contracts

Without Consent of the Holders. The Issuer and the Indenture Trustee may amend this Indenture, the Notes or the Security Documents without notice to or consent of any Holder: (a) to cure any ambiguity, omission, mistake, defect or inconsistency; (b) to add to the covenants of the Issuer for the benefit of the Holders or to surrender any right or power herein conferred upon the Issuer; (c) to make any change that does not adversely affect the rights of any Holder; (d) to add additional assets as Collateral to secure the Notes; (e) to release Collateral from the Lien pursuant to this Indenture and the Security Documents when permitted or required by this Indenture or the Security Documents; or (f) to issue Additional Notes in accordance with this Indenture. After an amendment under this Section 8.01 becomes effective, the Issuer shall mail to the Holders a notice briefly describing such amendment. The failure to give such notice to all Holders, or any defect therein, shall not impair or affect the validity of an amendment under this Section 8.01.

Appears in 15 contracts

Samples: Master Transaction Agreement (Emergent Capital, Inc.), Master Transaction Agreement (Emergent Capital, Inc.), Master Transaction Agreement (Emergent Capital, Inc.)

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Without Consent of the Holders. The Issuer Issuer, the Guarantors and the Indenture Trustee may amend this Indenture, the Notes or the Security Documents without notice to or consent of any Holder: (ai) to cure any ambiguity, omission, mistake, defect or inconsistency; (bii) to add additional Guarantees with respect to the Notes; (iii) to add to the covenants of the Issuer for the benefit of the Holders or to surrender any right or power herein conferred upon the Issuerany Obligor; (civ) to make any change that does not adversely affect the rights of any Holder; (dv) to add additional assets as Collateral to secure the Notes;; or (evi) to release Collateral from the Lien pursuant to this Indenture and the Security Documents when permitted or required by this Indenture or the Security Documents; or (f) to issue Additional Notes in accordance with this Indenture. After an amendment under this Section 8.01 becomes effective, the Issuer shall mail to the Holders a notice briefly describing such amendment. The failure to give such notice to all Holders, or any defect therein, shall not impair or affect the validity of an amendment under this Section 8.01.

Appears in 1 contract

Samples: Indenture (Imperial Holdings, Inc.)

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Without Consent of the Holders. The Issuer Issuer, the Guarantors and the Indenture Trustee may amend this Indenture, the Notes or the Security Documents without notice to or consent of any Holder: (ai) to cure any ambiguity, omission, mistake, defect or inconsistency; (bii) to add additional Guarantees with respect to the Notes; (iii) to add to the covenants of the Issuer for the benefit of the Holders or to surrender any right or power herein conferred upon the Issuerany Obligor; (civ) to make any change that does not adversely affect the rights of any Holder;; or (dv) to add additional assets as Collateral to secure the Notes;; or (evi) to release Collateral from the Lien pursuant to this Indenture and the Security Documents when permitted or required by this Indenture or the Security Documents; or (f) to issue Additional Notes in accordance with this Indenture. After an amendment under this Section 8.01 becomes effective, the Issuer shall mail to the Holders a notice briefly describing such amendment. The failure to give such notice to all Holders, or any defect therein, shall not impair or affect the validity of an amendment under this Section 8.01.

Appears in 1 contract

Samples: Indenture (Imperial Holdings, Inc.)

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