Examples of Specified Default in a sentence
VBI will deliver to Brii, (a) within five (5) business days after delivery to K2, the items required pursuant to Sections 5.1(a)(ii) and 5.1(b) of the Loan Amendment and (b) immediately, notice of the occurrence of any Additional Specified Default (as defined in the Loan Amendment) or the breach of any Forbearance Condition (as defined in the Loan Amendment).
Lender hereby waives the Specified Default, subject to (i) there being no other Event of Default in existence and continuing on the date hereof after giving effect to this Waiver, and (ii) the other terms and conditions set forth herein.
Bxxxxxxx has requested that Lxxxxx agree to waive the Specified Default, and Lxxxxx is willing to agree to grant such waiver, subject to the terms and conditions and to the extent set forth in this Waiver.