Common use of Effect of Amendment or Waiver Clause in Contracts

Effect of Amendment or Waiver. Each Lender acknowledges that by the operation of Section 8.8 hereof, the Majority Note Holders will have the right and power to diminish or eliminate all rights of such Lender under this Agreement and each Note issued to such Lender.

Effect of Amendment or Waiver. Each Lender acknowledges that by the operation of Section 8.8 7.8 hereof, the Majority Note Holders will have the right and power to diminish or eliminate all rights of such Lender under this Agreement and each Note issued to such Lender.

Effect of Amendment or Waiver. Each Lender acknowledges that by the operation of Section 8.8 9.8 hereof, the Majority Note Holders will have the right and power to diminish or eliminate all rights of such Lender under this Agreement and each Note and Warrant issued to such Lender.

Effect of Amendment or Waiver. Each Lender acknowledges that by the operation of Section 8.8 hereof, the Majority Note Holders holders of at least seventy-five percent (75%) in interest of the aggregate principal amount of Notes will have the right and power to diminish or eliminate all rights of such Lender under this Agreement and each Note and Warrant issued to such Lender.

Effect of Amendment or Waiver. Each Lender acknowledges that by the operation of Section 8.8 2.12.8 hereof, the Majority Note Holders will have the right and power to diminish or eliminate all rights of such Lender under this Agreement and each Note issued to such Lender.

Effect of Amendment or Waiver. Each Lender acknowledges that by the operation of Section 8.8 hereof, the Majority Note Holders holders of at least seventy-five percent (75%) in interest of the aggregate principal amount of Notes will have the right and power to diminish or eliminate all rights of such Lender under this Agreement and each Note issued to such Lender.

Effect of Amendment or Waiver. Each Lender acknowledges that by the operation of Section 8.8 7.8 hereof, the Noteholders Majority Note Holders will have the right and power to diminish or eliminate all rights of such Lender under this Agreement and each Note and Warrant issued to such Lender.

Effect of Amendment or Waiver. Each The Lender acknowledges that by the operation of this Section 8.8 8.9 hereof, the Majority Note Holders will have the right and power to diminish or eliminate all rights of such Lender under this Agreement and each Note issued to such Lender.

Effect of Amendment or Waiver. Each Lender acknowledges that by ----------------------------- the operation of Section 8.8 hereof, 10.8 hereof a majority of the Majority Note Holders holders of the aggregate outstanding principal amount of the Notes will have the right and power to diminish or eliminate all rights of such Lender under this Agreement and each Note issued to such LenderAgreement.

Effect of Amendment or Waiver. Each Lender acknowledges that by the operation of Section 8.8 hereofhereof and subject to the terms and conditions thereof, the Majority Note Holders will have the right and power to diminish or eliminate all rights of such Lender under this Agreement and each Note and Warrant issued to such Lender.

Effect of Amendment or Waiver. Each Lender acknowledges that by the operation of Section 8.8 9.8 hereof, the Majority Note Holders will have the right and power to diminish or eliminate all rights of such Lender under this Agreement and each Note issued to such Lender.

Effect of Amendment or Waiver. Each Lender acknowledges that by the operation of Section 8.8 hereof9(f), the Majority Note Holders will have the right and power to diminish or eliminate all rights of such Lender under this Agreement and each Note and Warrant issued to such Lender.

Effect of Amendment or Waiver. Each Except as otherwise provided in Section 7.8, each Lender acknowledges that by the operation of Section 8.8 7.8 hereof, the Majority Note Holders holders of a majority in interest of the Notes then outstanding will have the right and power to diminish or eliminate all the rights of such Lender under this Agreement and each Note issued to such LenderAgreement.

Effect of Amendment or Waiver. Each Lender acknowledges that by the operation of Section 8.8 8.7 hereof, each of the Servicer and the Majority Note Holders will have the right and power to diminish or eliminate all rights of such Lender under this Agreement and each Note and each Warrant issued to such Lender, including but not the right to release collateral and liens associated therewith and to subordinate the Loans to any subsequent financing to the Co-Borrowers or any of them.