Existing Default. Lenders hereby waive the Existing Default and agree to exercise no right or remedy in respect thereof hereafter; provided, however, that this waiver (i) shall be limited to the Existing Default only and to no other Event of Default (known or unknown); and (ii) shall not be construed to suggest or imply that Lenders have waived, or will waive, any other similar or dissimilar Event of Default hereafter.
Appears in 2 contracts
Sources: Credit Agreement (Industrial Distribution Group Inc), Credit Agreement (Industrial Distribution Group Inc)