Common use of VARIATION AND TERMINATION Clause in Contracts

VARIATION AND TERMINATION. 24.1 All and any of the provisions of this agreement may be deleted, varied, supplemented, restated or otherwise changed in any way at any time with the prior written consent of the Company, the Investor and by the Shareholders holding at least [90] per cent of the Shares (excluding Treasury Shares) held by the Shareholders, in which event such change shall be binding against all of the parties hereto provided that if such change would impose any new obligations on a party, or increase any existing obligation, the consent of the affected party to such change shall be specifically required. 24.2 This agreement may be terminated with the prior written consent of the Company, the Investor and by Shareholders holding at least [90] per cent of the Shares (excluding Treasury Shares) held by the Shareholders, in which event such termination shall be binding against all of the parties hereto save that nothing in this clause shall release any party from liability for breaches of this agreement which occurred prior to its termination.

Appears in 4 contracts

Samples: Subscription and Shareholders' Agreement, Subscription and Shareholders' Agreement, Subscription and Shareholders' Agreement

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