Common use of Amendments, Waiver and Consents Clause in Contracts

Amendments, Waiver and Consents. No amendment, modification or ------------------------------- addition to this Agreement, and no waiver of or consent to noncompliance with any covenant or other provision of this Agreement, or the Debenture shall be effective unless in writing and duly executed by the party against whom enforcement of such amendment, modification, addition, waiver or consent is sought. Any waiver or consent may be given subject to satisfaction of conditions stated therein and any waiver or consent shall be effective only in the specific instance and for the specific purpose for which given. In addition, no amendment, modification or addition to this Agreement or the Debenture that is material or affects the economic or subordination provisions hereof (but excluding any postponement, delay or exercises of the Exercise Period of the Warrants) shall be effective without the prior written consent of Security Bank of Kansas City (for so long as such bank is a lender to the Company).

Appears in 1 contract

Samples: Subordinated Debenture and Warrant Purchase Agreement (Concorde Career Colleges Inc)

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Amendments, Waiver and Consents. No amendment, modification or ------------------------------- addition to this Agreement, and no waiver of or consent to noncompliance with any covenant or other provision of this Agreement, or the Debenture shall be effective unless in writing and duly executed by the party against whom enforcement of such amendment, modification, addition, waiver or consent is sought. Any waiver or consent may be given subject to satisfaction of conditions stated therein and any waiver or consent shall be effective only in the specific instance and for the specific purpose for which given. In addition, no amendment, modification or addition to this Agreement or the Debenture that is material or affects the economic or subordination provisions hereof (but excluding any postponement, delay or exercises extensions of the Exercise Period of the Warrants) shall be effective without the prior written consent of Security Bank of Kansas City (for so long as such bank is a lender to the Company).

Appears in 1 contract

Samples: Subordinated Debenture and Warrant Purchase Agreement (Cahill Edward L)

Amendments, Waiver and Consents. No amendment, modification or ------------------------------- addition to this Agreement, and no waiver of or consent to noncompliance with any covenant or other provision of this Agreement, or the Debenture shall be effective unless in writing and duly executed by the party against whom enforcement of such amendment, modification, addition, waiver or consent is sought. Any waiver or consent may be given subject to satisfaction of conditions stated therein and any waiver or consent shall be effective only in the specific instance and for the specific purpose for which given. In addition, no amendment, modification or addition to this Agreement or the Debenture that is material or affects the economic or subordination provisions hereof (but excluding any postponement, delay or exercises of the Exercise Period of the Warrants) shall be effective without the prior written consent of Security Bank of Kansas City (for so long as such bank is a lender to the Company).

Appears in 1 contract

Samples: Debenture and Warrant Purchase Agreement (Cahill Edward L)

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Amendments, Waiver and Consents. No amendment, modification or ------------------------------- addition to this Agreement, and no waiver of or consent to noncompliance with any covenant or other provision of this Agreement, or the Debenture shall be effective unless in writing and duly executed by the party against whom enforcement of such amendment, modification, addition, waiver or consent is sought. Any waiver or consent may be given subject to satisfaction of conditions stated therein and any waiver or consent shall be effective only in the specific instance and for the specific purpose for which given. In addition, no amendment, modification or addition to this Agreement or the Debenture that is material or affects the economic or subordination provisions hereof (but excluding any postponement, delay or exercises extensions of the Exercise Period of the Warrants) shall be effective without the prior written consent of Security Bank of Kansas City (for so long as such bank is a lender to the Company).

Appears in 1 contract

Samples: Subordinated Debenture and Warrant Purchase Agreement (Concorde Career Colleges Inc)

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