Common use of Effect of Amendment or Waiver Clause in Contracts

Effect of Amendment or Waiver. Any such amendment or waiver shall apply equally to all of the holders of the Debentures and shall be binding upon them, upon each future holder of any Debenture and upon the Company, whether or not such Debenture shall have been marked to indicate such amendment or waiver. No such amendment or waiver shall extend to or affect any obligation not expressly amended or waived or impair any right consequent thereon.

Appears in 6 contracts

Samples: Debenture Purchase Agreement (Environmental Tectonics Corp), Debenture Purchase Agreement (Teltronics Inc), Debenture Purchase Agreement (Cover All Technologies Inc)

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Effect of Amendment or Waiver. Any such amendment or waiver shall apply equally to all of the holders of the Debentures Holders and shall be binding upon them, upon each future holder of any Debenture Holder and upon the Company, whether or not such Debenture Note shall have been marked to indicate such amendment or waiver. No such amendment or waiver shall extend to or affect any obligation not expressly amended or waived or impair any right consequent thereon.

Appears in 3 contracts

Samples: Note Agreement (Fuller H B Co), Note Purchase Agreement (Crown Pacific Partners L P), Note Purchase Agreement (Crown Pacific Partners L P)

Effect of Amendment or Waiver. Any such amendment or waiver shall apply equally to all of the holders of the Debentures and shall be binding upon them, upon each future holder of any Debenture Debenture, and upon the Company, whether or not such Debenture shall have been marked to indicate such amendment or waiver. No such amendment or waiver shall extend to or affect any obligation not expressly amended or waived or impair any right consequent thereon.

Appears in 2 contracts

Samples: Debenture Purchase Agreement (Universal Automotive Industries Inc /De/), Debenture Purchase Agreement (Altris Software Inc)

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Effect of Amendment or Waiver. Any such amendment or waiver shall apply equally to all of the holders of the Debentures and shall be binding upon them, upon each future holder of any Debenture Debenture, and upon the CompanyBorrowers, whether or not such Debenture shall have been marked to indicate such amendment or waiver. No such amendment or waiver shall extend to or affect any obligation not expressly amended or waived or impair any right consequent thereon.

Appears in 1 contract

Samples: Debenture Purchase Agreement (Compass Plastics & Technologies Inc)

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