Common use of Modification by Holders; Waiver Clause in Contracts

Modification by Holders; Waiver. The Company may, with the written consent of the holders of not less than a majority in principal amount of the Notes then outstanding, modify the terms and provisions of this Note or the rights of the holders of this Note or the obligations of the Company hereunder, and the observance by the Company of any term or provision of this Note may be waived with the written consent of the holders of not less than a majority in principal amount of the Notes then outstanding; provided, however, that no such modification or waiver shall:

Appears in 4 contracts

Samples: Securities Purchase Agreement (Aurora Electronics Inc), Aurora Electronics Inc, Aurora Electronics Inc

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Modification by Holders; Waiver. The Company may, with the written consent of the holders of not less than a majority in principal amount of the Notes then outstanding, modify the terms and provisions of this Note the Notes or the rights of the holders of this Note the Notes or the obligations obliga- tions of the Company hereunderthereunder, and the observance by the Company of any term or provision of this Note the Notes may be waived with the written consent of the holders of not less than a majority in principal amount of the Notes then outstanding; provided, however, that no such modification or waiver shall:

Appears in 1 contract

Samples: Purchase and Sale Agreement (Energy Partners LTD)

Modification by Holders; Waiver. (a) The Company may, with the written consent of the holders of not less than a majority 66-2/3% in principal amount of the Notes then outstanding, modify the terms and provisions of this Note the Notes or the rights of the holders of this Note the Notes or the obligations of the Company hereunderunder any such Note, and the observance by the Company of any term or provision of this Note the Notes may be waived with the written consent of the holders of not less than a majority 66-2/3% in principal amount of the Notes then outstanding; providedprovided however, that the provisions of Section 18 hereof may only be modified or waived in accordance with Section 18(i); provided further, however, that no such modification or waiver shall:

Appears in 1 contract

Samples: BHC Meadows Partner Inc

Modification by Holders; Waiver. (a) The Company may, with the written consent of the holders of not less than a majority 66-2/3% in principal amount of the Notes then outstanding, modify the terms and provisions of this Note or the rights of the holders of this Note or the obligations of the Company hereunder, and the observance by the Company of any term or provision of this Note may be waived with the written consent of the holders of not less than a majority 66-2/3% in principal amount of the Notes then outstanding; provided, however, that no such modification or waiver shall:

Appears in 1 contract

Samples: Centennial Cellular Corp

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Modification by Holders; Waiver. The Company may, with the written consent of the holders of not less than a majority in principal amount of the Notes then outstanding, modify the terms and provisions of this Note the Notes or the rights of the holders of this Note the Notes or the obligations of the Company hereunderthereunder, and the observance by the Company of any term or provision of this Note the Notes may be waived with the written consent of the holders of not less than a majority in principal amount of the Notes then outstanding; provided, however, that no such modification or waiver shall:

Appears in 1 contract

Samples: Purchase and Sale Agreement (Energy Partners LTD)

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