Common use of Amendment of Notes Clause in Contracts

Amendment of Notes. Each of the Notes may be amended with the written consent of the holders of at least a majority in outstanding principal amount of the Notes; provided that without the written consent of the holder of this Note, no amendment shall (i) reduce the rate or change the time for payment of interest on this Note, (ii) reduce the principal of or change the maturity of this Note, (iii) amend Section 6.01, or (iv) make any change in Article VII that adversely affects the rights of the holder of this Note. After an amendment becomes effective, it shall bind the holders and every subsequent holder of Notes, even if notation of the amendment is not made on any Note. However, the Company may place an appropriate notation regarding an amendment on any Note thereafter executed.

Amendment of Notes. Each of the Notes may be amended with the written consent of the holders of at least a majority in outstanding principal amount of the Notes; provided that without the written consent of the holder of this Note, no amendment shall (i) reduce the rate or change the time for payment of interest on this Note, (ii) reduce the principal of or change the maturity of this Note, (iii) amend Section 6.017.01, or (iv) make any change in Article VII VIII that adversely affects the rights of the holder of this Note. After an amendment becomes effective, it shall bind the holders and every subsequent holder of Notes, even if notation of the amendment is not made on any Note. However, the Company may place an appropriate notation regarding an amendment on any Note thereafter executed.