Temporary Waivers Sample Clauses

Temporary Waivers. The conditions specified in clauses 4.1 and 4.2 are inserted for the sole benefit of the Lessor and may be waived in whole or in part and with or without conditions by the Lessor provided always that if any of the said conditions are outstanding after Delivery then, unless the Lessor shall have given a specific written waiver or deferral in respect thereof, the Lessee shall ensure that each such outstanding condition is fulfilled within thirty (30) days of the Delivery Date and provided further that the Lessor shall be entitled to treat the failure of the Lessee to perform such outstanding conditions within such period of thirty (30) days as a Termination Event and as a repudiatory breach of this Lease by the Lessee.
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Temporary Waivers. The Company has requested a waiver of ----------------- compliance with certain financial covenants during the period from and including the Effective Date (as defined in Paragraph 6 below) to but excluding February 13, 1998 (the "Waiver Termination Date"). The Lenders hereby waive, on a temporary basis, compliance by the Company with the financial covenants set forth in Paragraphs 12(j) (Total Liabilities to Effective Net Worth; Total Liabilities to Adjusted Tangible Net Worth), 12 (l)(2) (maximum repurchase obligations), and 12(m) (Current Ratio) during the period from and including the Effective Date to but excluding the
Temporary Waivers. If Permittee is unable to comply with a particular Permit time frame, Permittee may write a letter to the Airport Manager prior to the expiration of the period at issue requesting a waiver for an extension of time. This letter must be specific with regard to the reason and length of time extension required. Waivers shall not be granted for more than a six-month period. I certify that I have read, understand, and agree to comply with the terms and conditions of this Permit; that all information I have furnished with this Application is current, complete and accurate; that I own/lease the airworthy aircraft(s) listed in Item 4 of the Application and that if this aircraft(s) is leased or owned by a business that the purpose of the lease is not to circumvent the tiedown waiting list. I understand that I am personally obligated to immediately report changes in the information given in the Application to the Airport Management and Operations Center. I understand that failure to comply with any term of this Permit may result in termination of the Permit and revocation of any AIBs issued with this Permit. Signature (Permittee Only) Date Signature (Permittee Only) Date Entered into on behalf of: XXXXXXXX MEMORIAL AIRPORT AUTHORITY, XXXXXXXX MEMORIAL AIRPORT
Temporary Waivers. 1.1 Each Borrower hereby acknowledges and agrees that, as a result of the Existing Defaults under the Credit Agreement, the Banks may, on or after December 15, 2006, if they so elect, proceed to enforce their rights and remedies under and in accordance with the Loan Documents, including without limitation to collect the Borrowers' obligations to the Banks.
Temporary Waivers. The conditions specified in clauses 5.1 and 5.2 are inserted for the sole benefit of the Owner and may be waived in whole or in part and with or without conditions by the Owner provided always that if any of the said conditions are outstanding after Delivery has taken place (or, for the purpose of clause 2.4, after the relevant Payment Release Date) then, unless the Owner shall have given a specific written waiver or deferral in respect thereof, the Hirer shall ensure that each such outstanding condition is fulfilled within fifteen (15) Business Days of the Delivery Date (or the relevant Payment Release Date, as the case may be) and provided further that the Owner shall be entitled to treat the failure of the Hirer to perform such outstanding conditions within such period of fifteen (15) Business Days as a Termination Event and as a repudiatory breach of this Agreement by the Hirer.

Related to Temporary Waivers

  • Variations, waivers etc requiring agreement of all Lenders. However, as regards the following, Clause 27.1 applies as if the words “by the Agent on behalf of the Majority Lenders” were replaced by the words “by or on behalf of every Lender”:

  • Non-Waivers A failure or delay of either Party to enforce any of the provisions hereof, to exercise any option which is herein provided, or to require performance of any of the provisions hereof shall in no way be construed to be a waiver of such provisions or options, and each Party, notwithstanding such failure, shall have the right thereafter to insist upon the performance of any and all of the provisions of this Agreement.

  • Additional Waivers Notwithstanding anything herein to the contrary, each of the Guarantors hereby absolutely, unconditionally, knowingly, and expressly waives:

  • Severability; Waivers If any part of this Agreement is not enforceable, the rest of the Agreement may be enforced. The Bank retains all rights, even if it makes a loan after default. If the Bank waives a default, it may enforce a later default. Any consent or waiver under this Agreement must be in writing.

  • Landlord's Waivers Any lessor of Tenant's Personal Property may, upon notice to Landlord and during reasonable hours, enter the Property and take possession of any of Tenant's Personal Property without liability for trespass or conversion upon a default by Tenant, provided that such lessor provide Landlord with the opportunity to cure the defaults of Tenant on terms and conditions satisfactory to such lessor and Landlord.

  • Certain Additional Waivers Each Guarantor agrees that such Guarantor shall have no right of recourse to security for the Obligations, except through the exercise of rights of subrogation pursuant to Section 4.02 and through the exercise of rights of contribution pursuant to Section 4.06.

  • Certain Waivers Each Guarantor waives (a) any defense arising by reason of any disability or other defense of the Borrower or any other guarantor, or the cessation from any cause whatsoever (including any act or omission of any Secured Party) of the liability of the Borrower or any other Loan Party; (b) any defense based on any claim that such Guarantor’s obligations exceed or are more burdensome than those of the Borrower or any other Loan Party; (c) the benefit of any statute of limitations affecting any Guarantor’s liability hereunder; (d) any right to proceed against the Borrower or any other Loan Party, proceed against or exhaust any security for the Secured Obligations, or pursue any other remedy in the power of any Secured Party whatsoever; (e) any benefit of and any right to participate in any security now or hereafter held by any Secured Party; and (f) to the fullest extent permitted by law, any and all other defenses or benefits that may be derived from or afforded by applicable Law limiting the liability of or exonerating guarantors or sureties. Each Guarantor expressly waives all setoffs and counterclaims and all presentments, demands for payment or performance, notices of nonpayment or nonperformance, protests, notices of protest, notices of dishonor and all other notices or demands of any kind or nature whatsoever with respect to the Secured Obligations, and all notices of acceptance of this Guaranty or of the existence, creation or incurrence of new or additional Secured Obligations.

  • Modifications; Waivers This Agreement may not be changed, modified or terminated, nor may any provision hereof be waived, except by a writing signed by the party to be charged with any such change, modification, termination or waiver. The waiver of any of the terms and conditions of this Agreement on any occasion or occasions shall not be deemed a waiver of such terms and conditions on any future occasion.

  • Landlord Waivers; Bailee Waivers In the event that Borrower or any of its Subsidiaries, after the Effective Date, intends to add any new offices or business locations, including warehouses, or otherwise store any portion of the Collateral with, or deliver any portion of the Collateral to, a bailee, in each case pursuant to Section 7.2, then Borrower or such Subsidiary will first receive the written consent of Collateral Agent and, in the event that the Collateral at any new location is valued in excess of Two Hundred Fifty Thousand ($250,000.00) in the aggregate, such bailee or landlord, as applicable, must execute and deliver a bailee waiver or landlord waiver, as applicable, in form and substance reasonably satisfactory to Collateral Agent prior to the addition of any new offices or business locations, or any such storage with or delivery to any such bailee, as the case may be.

  • Modifications, Waivers, Amendments and Consents (a) Subject to this Section 3.21, the Servicer may agree to any modification, waiver, forbearance, or amendment of any term of any Mortgage Loan without the consent of the Trustee or any Certificateholder. All modifications, waivers, forbearances or amendments of any Mortgage Loan shall be in writing and shall be consistent with Customary Servicing Procedures.

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