Current Violation definition
Examples of Current Violation in a sentence
Effective as of the Amendment Effective Date (as defined below), and subject to the terms and conditions set forth in this Amendment, the Lenders hereby waive the Default and the Event of Default under Section 8.01(d) of the Credit Agreement that has occurred solely as a result of the Current Violation.
The Borrower has requested that the Lenders waive the Event of Default that has occurred under Section 11.(c) of the Credit Agreement as a result of the Current Violation.
The Company has requested that the Lenders waive the Default that has occurred and any Event of Default that may have occurred under Section 8.01(d) of the Credit Agreement as a result of the Current Violation.
Effective as of the First Amendment Effective Date (as defined below), and subject to the terms and conditions set forth in this First Amendment, the Lenders hereby waive the Event of Default that exists under Section 11.1(c) of the Credit Agreement that has occurred solely as a result of the Current Violation.
Such violation constitutes a Default and would, with the passage of time, constitute an Event of Default under Section 8.01(d) of the Credit Agreement (the "Current Violation").