Common use of Consent to Amendments; Waivers Clause in Contracts

Consent to Amendments; Waivers. The provisions of 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 the Company has obtained the written consent of a majority in interest of the Purchasers in the Offering, such consent not to be unreasonably withheld, delayed or conditioned. No other course of dealing between the Company and any Purchaser or any delay in exercising any rights hereunder or under any of the Related Agreements shall operate as a waiver of any rights of any such Purchaser. If the Company pays any consideration to any Person for such consent to any amendment, modification or waiver hereunder or under any of the Related Agreements, the Company shall also pay each Purchaser granting its consent equivalent consideration computed on a pro rata basis. Any waiver, permit, consent or approval of any kind or character on the part of any party of any provisions or conditions of this Agreement or any Related Agreement must be made in writing and shall be effective only to the extent specifically set forth in such writing.

Appears in 3 contracts

Samples: Securities Purchase Agreement (Us Farms, Inc.), Securities Purchase Agreement (Us Farms, Inc.), Securities Purchase Agreement (Gamma Pharmaceuticals Inc)

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Consent to Amendments; Waivers. The provisions of this Agreement may be amended, and the Company Purchaser may take any action herein prohibited, or omit to perform any act herein required to be performed by it, only if the Company Purchaser has obtained the written consent of a majority in interest of the Purchasers in the Offering, such consent not to be unreasonably withheld, delayed or conditionedSeller. No other course of dealing between the Company Purchaser and any Purchaser Seller or any delay in exercising any rights hereunder or under any of the Related Agreements shall operate as a waiver of any rights of any such PurchaserSeller. If the Company Purchaser pays any consideration to any Person for such consent to any amendment, modification or waiver hereunder or under any of the Related Agreements, the Company Purchaser shall also pay each Purchaser Seller granting its consent equivalent consideration computed on a pro rata basis. Any waiver, permit, consent or approval of any kind or character on the part of any party of any provisions or conditions of this Agreement or any of the Related Agreement Agreements must be made in writing and shall be effective only to the extent specifically set forth in such writing.

Appears in 2 contracts

Samples: Purchase Agreement (Lightlake Therapeutics Inc.), Purchase Agreement (Lightlake Therapeutics Inc.)

Consent to Amendments; Waivers. The provisions of this Agreement may be amended, and the Company Borrower may take any action herein prohibited, or omit to perform any act herein required to be performed by it, only if the Company Borrower has obtained the written consent of the holder or holders of a majority in interest of the Purchasers in outstanding principal amount of the Offering, such consent not to be unreasonably withheld, delayed or conditionedNote. No other course of dealing between the Company Borrower and any Purchaser holder of all or any part of the Note or any delay in exercising any rights hereunder or under any of the Related Agreements shall operate as a waiver of any rights of any such Purchaserholders. If the Company Borrower pays any consideration to any Person for such consent to any amendment, modification or waiver hereunder or under any of the Related Agreements, the Company Borrower shall also pay each Purchaser holder of any part of the Note granting its consent equivalent consideration computed on a pro rata basis. Any waiver, permit, consent or approval of any kind or character on the part of any party of any provisions or conditions of this Agreement or any of the Related Agreement Agreements must be made in writing and shall be effective only to the extent specifically set forth in such writing.

Appears in 1 contract

Samples: Convertible Note Purchase Agreement (American Water Star Inc)

Consent to Amendments; Waivers. The provisions of 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 the Company has obtained the written consent of a majority in interest of the Purchasers in the Offering, such consent not to be unreasonably withheld, delayed or conditionedPurchaser. No other course of dealing between the Company and any Purchaser or any delay in exercising any rights hereunder or under any of the Related Agreements shall operate as a waiver of any rights of any such Purchaser. If the Company pays any consideration to any Person for such consent to any amendment, modification or waiver hereunder or under any of the Related Agreements, the Company shall also pay each Purchaser granting its consent equivalent consideration computed on a pro rata basis. Any waiver, permit, consent or approval of any kind or character on the part of any party of any provisions or conditions of this Agreement or any Related Agreement must be made in writing and shall be effective only to the extent specifically set forth in such writing.

Appears in 1 contract

Samples: Securities Purchase Agreement (Mems Usa Inc)

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Consent to Amendments; Waivers. The provisions of this Agreement may be amended, and the Company Borrower may take any action herein prohibited, or omit to perform any act herein required to be performed by it, only if the Company Borrower has obtained the written consent of the holder or holders of a majority in interest of the Purchasers in outstanding principal amount of the Offering, such consent not to be unreasonably withheld, delayed or conditionedNote. No other course of dealing between the Company Borrower and any Purchaser holder of all or any part of the Note or any delay in exercising any rights hereunder or under any of the Related Agreements shall operate as a waiver of any rights of any such Purchaserholders. If the Company Borrower pays any consideration to any Person for such consent to any amendment, modification or waiver hereunder or under any of the Related Agreements, the Company Borrower shall also pay each Purchaser holder of any part of the Note granting its consent equivalent consideration computed on a pro rata basis. Any waiver, permit, consent or approval of any kind or character on the part of any party of any provisions or conditions of this Agreement or any of the Related Agreement Agreements must be made in writing and shall be effective only to the extent specifically set forth in such writing.. 11.2

Appears in 1 contract

Samples: Convertible Note Purchase Agreement (American Water Star Inc)

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