Common use of Amendment; Waivers, etc Clause in Contracts

Amendment; Waivers, etc. This Agreement may be amended, and the Company may take any action herein prohibited, or omit to perform any act herein required to be performed by it, only if any such amendment, action or omission to act, has been approved by Stockholders holding in excess of 50% of the then-outstanding Voting Securities held by all of the Stockholders in the aggregate and such amendment, action or omission to act has received Unanimous Investor Approval, provided that this Agreement may not be amended in a manner adversely affecting the rights or obligations of any Stockholder which does not adversely affect the rights or obligations of all similarly situated Stockholders in the same manner without the consent of such Stockholder. The failure of any party to enforce any of the provisions of this Agreement shall in no way be construed as a waiver of such provisions and shall not affect the right of such party thereafter to enforce each and every provision of this Agreement in accordance with its terms. Any Stockholder may waive (in writing) the benefit of any provision of this Agreement with respect to itself for any purpose. Any such waiver shall constitute a waiver only with respect to the specific matter described in such writing and shall in no way impair the rights of the Stockholder granting such waiver in any other respect or at any other time.

Appears in 4 contracts

Samples: Stockholders Agreement (Hertz Global Holdings Inc), Stockholders Agreement (Hertz Global Holdings Inc), Stockholders Agreement (Hertz Global Holdings Inc)

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Amendment; Waivers, etc. This Agreement may be amended, and the Company and any Stockholder may take any action herein prohibited, or omit to perform any act herein required to be performed by it, only if any such amendment, action or omission to act, has been approved by Stockholders holding in excess of 50% of the then-outstanding Voting Securities held by all of the Stockholders in the aggregate and such amendment, action or omission to act has received including Unanimous Investor Approval, provided that this Agreement may not be amended in a manner adversely affecting the rights or obligations of any Stockholder which does not adversely affect the rights or obligations of all similarly situated Stockholders in the same manner without the consent of such Stockholder. The failure of any party to enforce any of the provisions of this Agreement shall in no way be construed as a waiver of such provisions and shall not affect the right of such party thereafter to enforce each and every provision of this Agreement in accordance with its terms. Any Stockholder may waive (in writing) the benefit of any provision of this Agreement with respect to itself for any purpose. Any such waiver shall constitute a waiver only with respect to the specific matter described in such writing and shall in no way impair the rights of the Stockholder granting such waiver in any other respect or at any other time.

Appears in 2 contracts

Samples: Stockholders Agreement (RSC Holdings III, LLC), Stockholders Agreement (RSC Holdings Inc.)

Amendment; Waivers, etc. This Agreement may be amended, and the Company may take any action herein prohibited, or omit to perform any act herein required to be performed by it, only if any such amendment, action or omission to act, has been approved by Stockholders holding in excess of 50% of the then-outstanding Voting Securities held by all of the Stockholders in the aggregate Company and such amendment, action or omission to act has received Unanimous Investor ApprovalTengram, provided that this Agreement may not be amended in a manner adversely affecting the rights or obligations of any Stockholder which does not adversely affect the rights or obligations of all similarly situated Stockholders in the same manner without the consent of such Stockholder. The failure of any party to enforce any of the provisions of this Agreement shall in no way be construed as a waiver of such provisions and shall not affect the right of such party thereafter to enforce each and every provision of this Agreement in accordance with its terms. Any Stockholder may waive (in writing) the benefit of any provision of this Agreement with respect to itself for any purpose. Any such waiver shall constitute a waiver only with respect to the specific matter described in such writing and shall in no way impair the rights of the Stockholder granting such waiver in any other respect or at any other time.

Appears in 2 contracts

Samples: Stockholders Agreement (Sequential Brands Group, Inc.), Stockholders Agreement (Sequential Brands Group, Inc.)

Amendment; Waivers, etc. This Agreement may be amended, and the Company may take any action herein prohibited, or omit to perform any act herein required to be performed by it, only if any such amendment, action or omission to act, has been approved by Stockholders holding the Principal Investors collectively beneficially owning in excess of 5080% of the then-outstanding Voting Securities held by all of the Stockholders in the aggregate and such amendment, action or omission to act has received Unanimous Investor Approval, Principal Investors; provided that this Agreement no Stockholder shall be subject to any additional obligation hereunder resulting from any such amendment that the Stockholder did not approve and no right hereunder of a Stockholder specific to such Stockholder or its Principal Investor Group (i.e., not applicable to Stockholders not in such Stockholder’s Principal Investor Group) may not be amended in a manner adversely affecting the rights or obligations of any Stockholder which does not adversely affect the rights or obligations of all similarly situated Stockholders in the same manner affected by such amendment without the prior consent of such Stockholder. The failure of any party to enforce any of the provisions of this Agreement shall in no way be construed as a waiver of such provisions and shall not affect the right of such party thereafter to enforce each and every provision of this Agreement in accordance with its terms. Any Stockholder may waive (in writing) the benefit of any provision of this Agreement with respect to itself for any purpose. Any such waiver shall constitute a waiver only with respect to the specific matter described in such writing and shall in no way impair the rights of the Stockholder granting such waiver in any other respect or at any other time.

Appears in 2 contracts

Samples: Stockholders Agreement (Servicemaster Co, LLC), Stockholders Agreement (Servicemaster Global Holdings Inc)

Amendment; Waivers, etc. This Agreement may be amended, and the Company may take any action herein prohibited, or omit to perform any act herein required to be performed by it, only if any such amendment, action or omission to act, has been approved by Stockholders holding in excess of 5080% of the then-outstanding Voting Securities held by all of the Stockholders and by the Lead Stockholder; provided, that no Stockholder shall be subject to any additional obligation hereunder resulting from any such amendment that the Stockholder did not approve and no right hereunder of a Stockholder specific to such Stockholder or its Principal Stockholder Group (i.e., not applicable to Stockholders not in the aggregate and such amendment, action or omission to act has received Unanimous Investor Approval, provided that this Agreement Stockholder’s Principal Stockholder Group) may not be amended in a manner adversely affecting the rights or obligations of any Stockholder which does not adversely affect the rights or obligations of all similarly situated Stockholders in the same manner affected by such amendment without the prior consent of such Stockholder. The failure of any party to enforce any of the provisions of this Agreement shall in no way be construed as a waiver of such provisions and shall not affect the right of such party thereafter to enforce each and every provision of this Agreement in accordance with its terms. Any Stockholder may waive (in writing) the benefit of any provision of this Agreement with respect to itself for any purpose. Any such waiver shall constitute a waiver only with respect to the specific matter described in such writing and shall in no way impair the rights of the Stockholder granting such waiver in any other respect or at any other time.

Appears in 1 contract

Samples: Stockholders Agreement (Servicemaster Global Holdings Inc)

Amendment; Waivers, etc. This Agreement may be amended, and the Company and any Sponsor may take any action herein prohibited, or omit to perform any act herein required to be performed by it, if and only if any such amendment, action or omission to act, has been approved by Stockholders holding in excess of 50% the Company, the Xxxxxxxxx Investor and the PSP Investor ; provided that the approval of the then-outstanding Voting Securities held by all of Xxxxxxxxx Investor or PSP Investor shall not be so required with respect to and in order to authorize the Stockholders in the aggregate and such amendment, action or omission to act has received Unanimous Investor Approvalwith respect to any Section of this Agreement for which such Sponsor’s rights or obligations have been terminated pursuant to Section 4.1; provided further that the approval of the Company shall not be so required with respect to and in order to authorize the amendment, action or omission to act if the Company’s rights or obligations are not adversely affected thereby; provided further that this Agreement may not be amended in a manner that adversely affecting and disproportionately affects the rights or obligations of any Stockholder which does not adversely affect Sponsor relative to the rights or obligations of all similarly situated Stockholders Sponsors, in the same manner each case without the consent of such StockholderSponsor. The failure of any party to enforce any of the provisions of this Agreement shall in no way be construed as a waiver of such provisions and shall not affect the right of such party thereafter to enforce each and every provision of this Agreement in accordance with its terms. Any Stockholder Sponsor may waive (in writing) the benefit of any provision of this Agreement with respect to itself for any purpose. Any such waiver shall constitute a waiver only with respect to the specific matter described in such writing and shall in no way impair the rights of the Stockholder Sponsor granting such waiver in any other respect or at any other time.

Appears in 1 contract

Samples: Stockholders Agreement (NOODLES & Co)

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Amendment; Waivers, etc. This If AEA and Covered Shareholders own 5% or more of the outstanding Common Stock, then AEA must consent in writing to any amendment hereto. If AEA and Covered Shareholders own less than 5% of the outstanding Common Stock, this Agreement may be amended, and the Company may take any action herein prohibited, or omit to perform any act herein required to be performed by it, only if any the Company shall have obtained the written consent to such amendment, action or omission to act, has been approved by Stockholders holding in excess of 50the holder or holders of at least 66 2/3% of the then-shares of Common Stock outstanding Voting Securities held by all as of the Stockholders in the aggregate and such amendmentdate hereof, action or omission to act has received Unanimous Investor Approval, provided PROVIDED that this Agreement may not be amended in a manner adversely affecting the rights or obligations of any Stockholder which does not adversely affect the rights or obligations of all similarly situated Stockholders in the same manner without the consent of such Stockholder. The failure of any party to enforce any of Stockholder PROVIDED, FURTHER, that in no event may the provisions of this Agreement shall in no way be construed as a waiver of such provisions and shall not affect the right of such party thereafter to enforce each and every provision of this Agreement in accordance with its terms. Any Stockholder may waive (in writing) the benefit of any provision of this Agreement agreement with respect to itself for any purposethe Piggy Back Registration Rights (including the Company's obligations thereunder) or the Tag-Along Rights be amended without the consent in writing of AEA. No amendment, modification or discharge of this Agreement, and no waiver hereunder, shall be valid or binding unless set forth in writing and duly executed by the party against whom enforcement of the amendment, modification, discharge or waiver is sought. Any such waiver shall constitute a waiver only with respect to the specific matter described in such writing and shall in no way impair the rights of the Stockholder party granting such waiver in any other respect or at any other time.

Appears in 1 contract

Samples: Stockholders Agreement (Leiner Health Products Inc)

Amendment; Waivers, etc. If AEA and Covered Shareholders own 5% or more of the outstanding Common Stock, then AEA must consent in writing to any amendment hereto. This Agreement may be amended, and the Company may take any action herein prohibited, or omit to perform any act herein required to be performed by it, only if any the Company shall have obtained the written consent to such amendment, action or omission to act, has been approved by Stockholders holding in excess of 50the holder or holders of at least 662/3% of the then-shares of Common Stock outstanding Voting Securities held by all as of the Stockholders in the aggregate and such amendmentdate hereof, action or omission to act has received Unanimous Investor Approval, provided PROVIDED that this Agreement may not be amended in a manner adversely affecting the rights or obligations of any Stockholder which does not adversely affect the rights or obligations of all similarly situated Stockholders in the same manner without the consent of such Stockholder. The failure of any party to enforce any of Stockholder PROVIDED, FURTHER, that in no event may the provisions of this Agreement shall in no way be construed as a waiver of such provisions and shall not affect the right of such party thereafter to enforce each and every provision of this Agreement in accordance with its terms. Any Stockholder may waive (in writing) the benefit of any provision of this Agreement agreement with respect to itself for any purposethe Piggy Back Registration Rights (including the Company's obligations thereunder) or the Tag-Along Rights be amended without the consent in writing of AEA. No amendment, modification or discharge of this Agreement, and no waiver hereunder, shall be valid or binding unless set forth in writing and duly executed by the party against whom enforcement of the amendment, modification, discharge or waiver is sought. Any such waiver shall constitute a waiver only with respect to the specific matter described in such writing and shall in no way impair the rights of the Stockholder party granting such waiver in any other respect or at any other time.

Appears in 1 contract

Samples: Stockholders Agreement (Leiner Health Products Inc)

Amendment; Waivers, etc. If AEA and Covered Shareholders own 5% or more of the outstanding Common Stock, then AEA must consent in writing to any amendment hereto. This Agreement may be amended, and the Company may take any action herein prohibited, or omit to perform any act herein required to be performed by it, only if any the Company shall have obtained the written consent to such amendment, action or omission to act, has been approved by Stockholders holding in excess of 50% of the then-outstanding Voting Securities held by all holder or holders of at least 66K% of the Stockholders in shares of Common Stock outstanding as of the aggregate and such amendment, action or omission to act has received Unanimous Investor Approvaldate hereof, provided that this Agreement may not be amended in a manner adversely affecting the rights or obligations of any Stockholder which does not adversely affect the rights or obligations of all similarly situated Stockholders in the same manner without the consent of such Stockholder. The failure of any party to enforce any of Stockholder provided, further, that in no event may the provisions of this Agreement shall in no way be construed as a waiver of such provisions and shall not affect the right of such party thereafter to enforce each and every provision of this Agreement in accordance with its terms. Any Stockholder may waive (in writing) the benefit of any provision of this Agreement agreement with respect to itself for any purposethe Piggy Back Registration Rights (including the Company’s obligations thereunder) or the Tag-Along Rights be amended without the consent in writing of AEA. No amendment, modification or discharge of this Agreement, and no waiver hereunder, shall be valid or binding unless set forth in writing and duly executed by the party against whom enforcement of the amendment, modification, discharge or waiver is sought. Any such waiver shall constitute a waiver only with respect to the specific matter described in such writing and shall in no way impair the rights of the Stockholder party granting such waiver in any other respect or at any other time.

Appears in 1 contract

Samples: Stockholders Agreement (Leiner Health Products Inc)

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