Common use of Amendments and Waiver of Default Clause in Contracts

Amendments and Waiver of Default. The Debenture may be amended with the consent of the Debenture holder. Without the consent of the Debenture holder, the Debenture may be amended to cure any ambiguity, defect or inconsistency, to provide for assumption of the Company obligations to the Debenture holder or to make any change that does not adversely affect the rights of the Debenture holder.

Appears in 4 contracts

Samples: Line of Credit Agreement (Cyco Net Inc), Registration Rights Agreement (Celerity Systems Inc), Line of Credit Agreement (Cyco Net Inc)

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Amendments and Waiver of Default. The Debenture may not be amended with amended. Notwithstanding the above, without the consent of the Debenture holder. Without the consent of the Debenture holderHolder, the Debenture may be amended to cure any ambiguity, defect or inconsistency, or to provide for assumption of the Company obligations to the Debenture holder or to make any change that does not adversely affect the rights of the Debenture holderHolder.

Appears in 3 contracts

Samples: Securities Purchase Agreement (Galea Life Sciences Inc), Compensation Debenture (Voyager One Inc), Compensation Debenture (Voyager One Inc)

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