Common use of Restrictions on Certain Amendments Clause in Contracts

Restrictions on Certain Amendments. Neither the Company nor any Subsidiary will waive any provision of, amend, or suffer to be amended, any provision of such entity's existing Debt, except for the Company's 5% Secured Convertible Debentures due February 18, 2004, any material contract or agreement previously or hereafter filed by the Company with the Commission as part of its SEC Reports, any Company Corporate Document or Subsidiary Corporate Document if such amendment, in the Company's reasonable judgment, would materially adversely affect Purchaser or the holders of the Securities without the prior written consent of Purchaser.

Appears in 3 contracts

Samples: Securities Purchase Agreement (American International Petroleum Corp /Nv/), Securities Purchase Agreement (American International Petroleum Corp /Nv/), Exchange Agreement (American International Petroleum Corp /Nv/)

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Restrictions on Certain Amendments. Neither the Company nor any Subsidiary will waive any provision of, amend, or suffer to be amended, any provision of such entity's ’s existing Debt, Debt except for the Company's ’s 5% Secured Convertible Debentures due February 18, 2004, any material contract or agreement previously or hereafter filed by the Company with the Commission as part of its SEC Reports, any Company Corporate Document or Subsidiary Corporate Document if such amendment, in the Company's ’s reasonable judgment, would materially adversely affect the Purchaser or the holders of the Securities without the prior written consent of the Purchaser. ARTICLE 9.

Appears in 1 contract

Samples: Securities Purchase Agreement (American International Petroleum Corp /Nv/)

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