Common use of Effectiveness; Amendments Clause in Contracts

Effectiveness; Amendments. This Agreement shall not become effective and binding on the parties hereto unless and until counterpart signature pages to this Agreement have been executed and delivered by the Company, and by Consenting Holders that hold in the aggregate at least sixty seven (67%) of the aggregate of issued and outstanding Notes that constitute Subject Claims (excluding the claims of "insider holders" as defined on the signature pages hereto). Once effective, this Agreement may not be modified, amended or supplemented except in writing signed by the Company, and by Consenting Holders holding not less than sixty seven percent (67%) of the aggregate of Notes that constitute Subject Claims (excluding the claims of "insider holders" as defined on the signature pages hereto).

Appears in 3 contracts

Samples: Lockup Agreement (Talon Automotive Group Inc), Assignment Agreement (Talon Automotive Group Inc), Lockup Agreement (Talon Automotive Group Inc)

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Effectiveness; Amendments. This Agreement shall not become effective and binding on the parties hereto unless and until counterpart signature pages to this Agreement have been executed and delivered by the Company, Company and by Consenting Holders that hold in the aggregate at least fifty five percent (55%) of the aggregate of issued and outstanding Subordinated Notes and at least sixty seven (67%) of the aggregate of issued and outstanding Notes that constitute Subject Claims (excluding the claims of "insider holders" as defined on the signature pages hereto)Secured Notes. Once effective, this Agreement may not be modified, amended or supplemented except in writing signed by the Company, and by Consenting Holders holding not less than sixty seven percent (67%) of the aggregate of Subordinated Notes that constitute Subject Claims and Consenting Holders holding not less than sixty seven percent (excluding 67%) of the claims aggregate of "insider holders" as defined on the signature pages hereto)Senior Notes that constitute Subject Claims.

Appears in 1 contract

Samples: Lockup Agreement (Metal Management Inc)

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