Common use of Effect of Amendment or Waiver Clause in Contracts

Effect of Amendment or Waiver. The Investors and their successors ----------------------------- and assigns acknowledge that by the operation of Section 3.7 hereof the holders of fifty-five percent (55%) of the outstanding Registrable Securities, acting in conjunction with the Company, will have the right and power to diminish or eliminate any or all rights or increase any or all obligations pursuant to this Agreement.

Effect of Amendment or Waiver. The Investors Holders and their successors and ----------------------------- and assigns acknowledge that by the operation of Section 3.7 hereof of this Agreement the holders of fifty-five percent (55%) a majority of the outstanding Registrable Securities, acting in conjunction with the Company, will have the right and power to diminish or eliminate any or all rights or increase any or all obligations pursuant to this Agreement.

Effect of Amendment or Waiver. The Investors and their successors and ----------------------------- and assigns acknowledge that by the operation of Section 3.7 hereof 2.7 of this Agreement the holders of fifty-five percent (55%) a majority of the outstanding Registrable Securities, acting in conjunction with the Company, will have the right and power to diminish or eliminate any or all rights or increase any or all obligations pursuant to this Agreement.

Effect of Amendment or Waiver. The Investors and their successors ----------------------------- and assigns acknowledge that by the operation of Section 3.7 3.9 hereof the holders of fifty-five percent (55%) a Majority in Interest of the outstanding Registrable SecuritiesInvestors, acting in conjunction with the Company, will have the right and power to diminish or eliminate any or all rights or increase any or all obligations pursuant to this Agreement.

Effect of Amendment or Waiver. The Investors Investor and their its successors and ----------------------------- and assigns acknowledge that by the operation of Section 3.7 2 hereof the holders of fifty-five percent (55%) a majority of the outstanding Registrable Securities, acting in conjunction with the Company, will have the right and power to diminish or eliminate any or all rights or increase any or all obligations pursuant to this Agreement.

Effect of Amendment or Waiver. The Investors and their ----------------------------- successors ----------------------------- and assigns acknowledge that by the operation of Section 3.7 hereof of this Agreement the holders of fifty-five percent (55%) a majority of the outstanding Registrable Securities, acting in conjunction with the Company, will have the right and power to diminish or eliminate any or all rights fights or increase any or all obligations pursuant to this Agreement.

Effect of Amendment or Waiver. The Investors and their successors ----------------------------- and assigns acknowledge that by the operation of Section 3.7 hereof of this Agreement the holders of fifty-five percent (55%) a majority of the outstanding Registrable Securities, acting in conjunction with the Company, will have the right and power to diminish or eliminate any or all rights or increase any or all obligations pursuant to this Agreement; provided that the rights and obligations of Applied may not be adversely affected without its consent in accordance with Section 3.7 above.

Effect of Amendment or Waiver. The Investors and their respective ----------------------------- successors ----------------------------- and assigns acknowledge that by the operation of Section 3.7 4.7 hereof the certain holders of fifty-five percent (55%) of the outstanding Registrable Securities, acting in conjunction with the Company, will have the right and power to diminish or eliminate any or all rights or increase any or all obligations pursuant to this Agreement.

Effect of Amendment or Waiver. The Investors and their ----------------------------- successors ----------------------------- and assigns acknowledge that by the operation of Section 3.7 hereof of this Agreement the holders of fifty-five percent (55%) a majority of the outstanding Registrable Securities, acting in conjunction with the Company, will have the right and power to diminish or eliminate any or all rights or increase any or all obligations pursuant to this Agreement.

Effect of Amendment or Waiver. The Investors and their successors and ----------------------------- and assigns acknowledge that by the operation of Section 3.7 hereof of this Agreement the holders of fifty-five percent (55%) a majority of the outstanding Registrable Securities, acting in conjunction with the Company, will have the right and power to diminish or eliminate any or all rights or increase any or all obligations pursuant to this Agreement.