Common use of Limited Waiver Clause in Contracts

Limited Waiver. 3.1 Solely during the Waiver Period (as defined below) and not at any other time, the Lenders hereby agree to temporarily waive the Anticipated Defaults and the right to accelerate the Obligations as a result thereof. During the Waiver Period, the Anticipated Defaults shall be deemed not to have occurred or be continuing, and the Administrative Agent and the Lenders shall have no right to enforce rights or exercise remedies with respect to the Anticipated Defaults. The waivers provided pursuant to the terms of this Agreement shall automatically and without further action or notice by any party expire on the Limited Waiver Termination Date (as defined below).

Appears in 3 contracts

Samples: Credit Agreement (Dial Global, Inc. /De/), Credit Agreement (Dial Global, Inc. /De/), Second Lien Credit Agreement (Dial Global, Inc. /De/)

AutoNDA by SimpleDocs

Limited Waiver. 3.1 2.1 Solely during the Waiver Period (as defined below) and not at any other time, the Lenders hereby agree to temporarily waive the Anticipated Specified Defaults and the right to accelerate the Obligations as a result thereof. During the Waiver Period, the Anticipated Specified Defaults shall be deemed not to have occurred or be continuing, and the Administrative Agent and the Lenders shall have no right to enforce rights or exercise remedies with respect to the Anticipated Specified Defaults. The waivers provided pursuant to the terms of this Agreement shall automatically and without further action or notice by any party expire on the Limited Waiver Termination Date (as defined below).

Appears in 2 contracts

Samples: Credit Agreement (Dial Global, Inc. /De/), Credit Agreement (Dial Global, Inc. /De/)

AutoNDA by SimpleDocs

Limited Waiver. 3.1 Solely during the Waiver Period (as defined below) and not at any other time, the Lenders hereby agree to temporarily waive the Anticipated Specified Defaults and the right to accelerate the Obligations as a result thereof. During the Waiver Period, the Anticipated Specified Defaults shall be deemed not to have occurred or be continuing, and the Administrative Agent and the Lenders shall have no right to enforce rights or exercise remedies with respect to the Anticipated Specified Defaults. The waivers provided pursuant to the terms of this Agreement shall automatically and without further action or notice by any party expire on the Limited Waiver Termination Date (as defined below).

Appears in 2 contracts

Samples: Credit Agreement (Dial Global, Inc. /De/), Second Lien Credit Agreement (Dial Global, Inc. /De/)

Time is Money Join Law Insider Premium to draft better contracts faster.