Existing Waivers definition
Examples of Existing Waivers in a sentence
Each DIP Lender hereby acknowledges and agrees that any and all Existing Waivers shall continue to remain in full force and effect on and after the Restatement Effective Date and shall be binding upon and be enforceable against all of the DIP Lenders hereunder.
The Existing Waivers are hereby extended until February 6, 2013, at which time any and all Defaults arising from or related to the Borrowers’ noncompliance with such provisions subject to the Existing Waivers, unless further waived by the Administrative Agent and the Required Lenders, shall be immediately reinstated.
Such Existing Waivers include, among others, the following specific waivers granted by the Hong Kong Stock Exchange, exemption and ruling granted by the Securities and Futures Commission of Hong Kong (“SFC”), on an individual basis: Rule 13.09(2) of the Listing Rules General obligation of disclosure Rules 13.11 to 13.22 of the Listing Rules Advances to entities and financing arrangements etc.
The Company and the Holder hereby amend the Existing Waivers as of the Effective Date (as defined below) (i) to delete each instance of “January 15, 2025” and replace it with “February 28, 2025 and (ii) to delete “March 15, 2025” and replace it with “April 30, 2025” (collectively, the “Waiver Amendments”).
For the avoidance of doubt, notwithstanding the Notification or receipt of the Exchange Acknowledgment, the Company will continue to be entitled to the Existing Waivers before the Delisting becomes effective provided that it remains primary listed on the TSX.
The aforementioned Existing Waivers will be withdrawn upon the Effective Date, and the Company is expected to fully comply with the relevant Listing Rules and provisions of the SFO.
Each DIP Lender hereby acknowledges and agrees that any and all Existing Waivers (as herein defined) shall continue to remain in full force and effect on and after the Restatement Effective Date and shall be binding upon and be enforceable against all of the DIP Lenders hereunder.
The Existing Waivers are hereby extended until February 15, 2013, at which time any and all Defaults arising from or related to the Borrowers’ noncompliance with such provisions subject to the Existing Waivers, unless further waived by the Administrative Agent and the Required Lenders, shall be immediately reinstated.