Common use of Campbell Clause in Contracts

Campbell. The Borrower has advised the Bank that such payments wxxx xxxx xxxsuant to an agreement between the Borrower and Mr. Campbell entered into in the ordinary course of the Borrower's bxxxxxxx xxx before Mr. Campbell became a director of the Borrower. To the extent that sxxx xxxxxxxx constitute an Event of Default (under Section 8.1(B) of the Credit Agreement, by reference to Section 7.2(I) thereof), the Bank hereby waives such Event of Default.

Appears in 1 contract

Samples: Credit and Security Agreement (Technical Consumer Products Inc)

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