Common use of Waiver of Existing Events of Default Clause in Contracts

Waiver of Existing Events of Default. Agent and Lenders hereby agree to waive each of the Existing Events of Default. This is a one-time waiver only. Should any Events of Default exist in the future that are similar in kind or character to the Existing Events of Default, such Events of Default are not waived by Agent or Lenders and Agent and Lenders reserve all of their rights and remedies with respect to such future Events of Default.

Appears in 2 contracts

Samples: Fourth (Royal Hawaiian Orchards, L.P.), Credit Agreement and Waiver (Royal Hawaiian Orchards, L.P.)

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Waiver of Existing Events of Default. Agent and Lenders Lender hereby agree agrees to waive each of the Existing Events of Default. This is a one-time waiver only. Should any Events of Default exist in the future that are similar in kind or character to the Existing Events of Default, such Events of Default are not waived by Agent or Lenders Lender and Agent and Lenders reserve Lender reserves all of their its rights and remedies with respect to such future Events of Default.

Appears in 2 contracts

Samples: Credit Agreement and Waiver (Royal Hawaiian Orchards, L.P.), Credit Agreement and Waiver (Royal Hawaiian Orchards, L.P.)

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