This excerpt taken from the GIS 8-K filed Apr 11, 2007.
desirable in the conduct of the business of the Company and that the loss thereof is not disadvantageous in any material respect to the Holders of the Securities.
SECTION 4.07. Waiver of Covenants. The Company may omit in any particular instance to comply with any covenant or condition set forth in Section 4.06 hereof, if before or after the time for such compliance the Holders of a majority in principal amount of the Securities at the time Outstanding shall, by Act of such Holders of Securities, either waive such compliance in such instance or generally waive compliance with such covenant or condition, but no such waiver shall extend to or affect such covenant or condition except to the extent so expressly waived, and, until such waiver shall become effective, the obligations of the Company in respect of any such covenant or condition shall remain in full force and effect.
SECTION 4.08. Requirement to Deliver Reports. The Company will deliver to the Trustee any reports it is required to file with Commission pursuant to Section 13 or 15(d) of the Exchange Act and under the TIA within 15 days after the Company has filed those documents or reports with the Commission.