Waiver of Rights under Securities Purchase Agreement Sample Clauses
Waiver of Rights under Securities Purchase Agreement. Each Investor hereby waives any and all rights that each such Investor has pursuant to Section 4.9 of the Securities Purchase Agreement in connection with the issuance of shares of Common Stock by the Company to the B-1 Investors in connection with the transactions described in Section 5.1 of this Agreement, including, but not limited to, any rights to acquire fifty percent (50%) of the securities issued by the Company to the B-1 Investors and the right to receive a notice providing the terms of the offer of the sale of such securities.
Waiver of Rights under Securities Purchase Agreement. Pursuant to Section 12.1 of the Securities Purchase Agreement, MGIC hereby irrevocably waives, effective at the Waiver Time (as defined below), (i) all of its rights under the Securities Purchase Agreement to receive payment of any portion of the Contingent MGIC/Radian Class A Units Purchase Price (as defined in the Securities Purchase Agreement) to which it would otherwise be entitled, and all rights under the Securities Purchase Agreement relating to such payment, including, without limitation, its rights under the provisions of Articles 2 and 6 to receive payment thereof, to receive information with respect to the determination thereof and to be secured with respect thereto by any Lien upon any assets of ▇▇▇▇▇▇▇ Capital to be granted in favor of MGIC in accordance with the terms of the Securities Purchase Agreement and (ii) all of its rights to receive any financing information under Section 5.1 of the Securities Purchase Agreement. The foregoing waiver shall become effective, immediately and without further action on the part of any Person, upon the Initial Lender Exposure under the Loan Agreement being reduced to zero (the date and time of such occurrence, the “Waiver Time”).