Common use of Waiver of Certain Defaults Clause in Contracts

Waiver of Certain Defaults. The Banks and the Administrative Agent hereby agree that the waivers contained in Section 3.1 of this Amendment shall have effect for purposes of Section 8.2(b), Section 10(c) and Section 10(d) of the Credit Agreement, and hereby waive application of the provisions of Section 10(i) of the Credit Agreement solely insofar as the steps taken in connection with the Packaging Transaction might otherwise be deemed to result in a default under Section 10(i).

Waiver of Certain Defaults. The Banks Administrative Agent and the Administrative Agent Lenders hereby agree that the waivers contained in Section 3.1 Sections 3(a) and 3(b) of this Amendment shall have effect for purposes of Section 8.2(b), Section 10(csubsections 10(b) and Section 10(d) of the Credit Agreement, and hereby waive application of the provisions of Section 10(i) of the Credit Agreement solely insofar as the steps taken in connection with the Packaging Transaction might otherwise be deemed to result in a default under Section 10(i).