Common use of Modifications; Amendments; Waivers Clause in Contracts

Modifications; Amendments; Waivers. The terms and provisions of the Agreement may not be modified or amended except pursuant to a writing signed by the Company and Stockholders holding at least a majority of all Registrable Shares then outstanding. Any waiver of any provision of the Agreement requested by any party hereto must be granted in advance, in writing by the party granting such waiver; provided, however, that the holders of a majority of all then outstanding Registrable Shares may grant a waiver on behalf of all Stockholders. Notwithstanding anything to the contrary in this Section 15, (a) no such modification, amendment or waiver shall reduce the percentage of Registrable Shares required to amend or modify the Agreement or the percentage of Registrable Shares required to waive the obligations of the Company or the rights of the Stockholders hereunder without the consent of each Stockholder, and (b) any such modification, amendment or waiver that materially and adversely affects any Stockholder with respect to the rights or obligations in respect of such Stockholder’s Registrable Shares in a manner disproportionate to how it materially and adversely affects the rights or obligations in respect of Registrable Shares of any other Stockholder shall not be effective without the prior written consent of such Stockholder.

Modifications; Amendments; Waivers. The terms and provisions of the this Agreement may not be modified or amended except pursuant to a writing signed by the Company Corporation and Stockholders Investors holding at least a majority of all Registrable Shares then outstanding. Any waiver of any provision of the this Agreement requested by any party hereto must be granted in advance, in writing by the party granting such waiver; provided, however, that the holders of a majority of all then outstanding Registrable Shares may grant a waiver on behalf of all StockholdersInvestors. Notwithstanding anything to the contrary in this Section 1516, (a) no such modification, amendment or waiver shall reduce the percentage of Registrable Shares required to amend or modify the this Agreement or the percentage of Registrable Shares required to waive the obligations of the Company Corporation or the rights of the Stockholders hereunder without the consent of each StockholderInvestors hereunder, and (b) any such modification, amendment or waiver that materially and adversely affects any Stockholder Investor with respect to the rights or obligations in respect of such StockholderInvestor’s Registrable Shares in a manner disproportionate to how it materially and adversely affects the rights or obligations in respect of Registrable Shares of any other Stockholder Investors shall not be effective without the prior written consent of such Stockholderholder.