Limited Duration Waiver Sample Clauses

Limited Duration Waiver. Subject to the terms and conditions contained in this Agreement, the Lenders waive the Subject Default but only for the period (the “Waiver Period”) beginning on the date hereof and ending on September 27, 2016 (the “Scheduled Waiver Expiration Date”). The foregoing waiver shall become null and void on the Scheduled Waiver Expiration Date and from and after the Scheduled Waiver Expiration Date the Subject Default shall constitute an Event of Default and the Administrative Agent and the Lenders shall have all rights and remedies available to them under the Loan Documents as a result of the occurrence of the Subject Default as though this waiver had never been granted.
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Limited Duration Waiver. Subject to the terms and conditions contained in this Agreement, the Waiving Parties waive the Subject Default but only for the period (the “Waiver Period”) beginning October 28, 2008, and ending at 12:00 noon, Chicago time, on December 1, 2008 (the “Scheduled Waiver Expiration Date”). The foregoing waiver shall become null and void on the Scheduled Waiver Expiration Date and from and after the Scheduled Waiver Expiration Date the Administrator and the Purchasers shall have all rights and remedies available to them as a result of the occurrence of the Subject Default as though this waiver had never been granted.
Sample 1
Limited Duration Waiver. Subject to the terms and conditions contained in this Agreement, the Waiving Parties waive the Subject Default but only for the period (the "Waiver Period") beginning October 28, 2008, and ending on November 26, 2008 (the "Scheduled Waiver Expiration Date"). The foregoing waiver shall become null and void on the Scheduled Waiver Expiration Date and from and after the Scheduled Waiver Expiration Date the Administrator and the Purchasers shall have all rights and remedies available to them as a result of the occurrence of the Subject Default as though this waiver had never been granted.
Sample 1
Limited Duration Waiver. Subject to terms set forth in this Section 1 and the satisfaction of the conditions precedent set forth in Section 4 below, any Default or Event of Default occasioned solely by the Borrowers’ failure to be in compliance with the (a) Section 8.5(e) of the Credit Agreement for failure by the Parent to deliver its business plan for the fiscal year ending December 31, 2011, (b) Section 8.5(h) of the Credit Agreement for failure to deliver a compliance certificate for the fiscal quarter ended December 31, 2010, (c) Total Funded Debt/EBITDA Ratio set forth in Section 8.22(a) of the Credit Agreement for the fiscal quarters of the Parent ended September 30, 2010 and December 31, 2010, (d) Fixed Charge Coverage Ratio set forth in Section 8.22(b) of the Credit Agreement for the fiscal quarters of the Parent ended September 30, 2010 and December 31, 2010, (e) Minimum EBITDA covenant set forth in Section 8.22(c) of the Credit Agreement for the fiscal quarters of the Parent ended September 30, 2010 and December 31, 2010, (f) the requirement for the Parent to complete its registration with the U.S. Securities and Exchange Commission for an offering of additional common stock to its existing shareholders by February 7, 2011 as required by Section 8.23(b)(i) of the Credit Agreement, (g) the timely delivery of original stock certificates and other similar instruments or securities representing all of the issued and outstanding shares of capital stock or other equity interests in each of LECG Holding Company (UK) Ltd., LECG Limited, LECG Business Consulting UK Limited and LECG Consulting Spain, SL (the “Foreign Stock”), and stock powers (or their equivalent) for the Foreign Stock executed in blank and undated, by the required February 7, 2011, due date in accordance with Section 8.26(b)(ii) of the Credit Agreement, (h) requirement to deliver an update on the status of a commitment letter and term sheet for a working line of capital from a financial institution acceptable to the Administrative Agent by February 7, 2011, in accordance Section 8.26(b)(iii) of the Credit Agreement and (i) Section 8.18 of the Credit Agreement (the “Subject Defaults”) are hereby waived, on a temporary basis, during the Limited Waiver Period (as defined below). The foregoing waiver shall become null and void on the Limited Waiver Termination Date (as defined below). From and after the Limited Waiver Termination Date, the Administrative Agent and the Lenders shall have all rights and remedies avail...
Sample 1

Related to Limited Duration Waiver

  • Limited Waiver The waiver by the Company or the Executive of a violation of any of the provisions of this Agreement, whether express or implied, shall not operate or be construed as a waiver of any subsequent violation of any such provision.

  • Limited Waivers (a) The Buyer Parties acknowledge and agree that, from the period beginning on the Effective Date (as defined below) and ending at 11:59 p.m. (EDT) on July 31, 2017 (the “Expiration Date”), and notwithstanding anything to the contrary in the Transaction Documents and subject to Sections 3 and 4 hereof, (i) the Restatement shall be permitted and there shall be no default, event of default, amortization event, termination event or similar event or other condition however styled or denominated, in any such case, under any Transaction Document, whether past, present or future, solely as a result of or arising solely from the Restatement (a “Default Event”) including, without limitation, any Default Event triggered pursuant to Section 15(b) of the Ditech Repurchase Agreement or Section 15(b) of the RMS Repurchase Agreement due to a default, event of default, amortization event, termination event or similar event or condition however styled or denominated, in any such case solely resulting or arising solely from the Restatement, and (ii) there shall be no Default Event solely as a result of or arising solely from (x) any breach of any representation or warranty made prior to the Effective Date relating to the Specified Financial Statements or any monthly financial statements delivered under any Program Agreement during the period from and including January 1, 2016 to the Expiration Date (the “Specified Monthly Financial Statements” and, together with the Specified Financial Statements, the “Specified Periodic Financial Statements”) (including, without limitation, as part of any certification, report or statement made pursuant to or in connection with the delivery of the Specified Periodic Financial Statements) or any such representation or warranty proving to be untrue or incorrect relating to the Specified Periodic Financial Statements, or (y) the failure to deliver notice of any Default Event relating to the Specified Periodic Financial Statements or any action taken or any other failure to take action while any such Default Event relating to the Specified Periodic Financial Statements or the Restatement to the extent that such action or failure to take action would have been permitted but for the existence of such Default Event, and in each case of the foregoing clauses (i) and (ii), any such Default Event is expressly waived by the Buyer Parties solely for the period on the Effective Date through the Expiration Date.

  • Non-Waiver The failure of a party to insist upon strict performance of any provision of this Agreement or to exercise any right arising out of this Agreement shall neither impair that provision or right nor constitute a waiver of that provision or right, in whole or in part, in that instance or in any other instance. Any waiver by a party of a particular provision or right shall be in writing, shall be as to a particular matter and, if applicable, for a particular period of time and shall be signed by such party.

  • Termination Waiver and Amendment 40 7.1 TERMINATION...................................................40 7.2

  • Limited Amendment Each of the amendments set forth in this Amendment shall be limited precisely as written and shall not be deemed (a) to be an amendment of any other term or condition of the Loan Agreement or the other Loan Documents, to prejudice any right or remedy which Agent or any Lender may now have or may have in the future under or in connection with the Loan Agreement or the other Loan Documents or (b) to be a consent to any future amendment.

  • Amendment; Modification; Waiver This Agreement shall not be amended, nor shall any provision of this Agreement be considered modified or waived, unless evidenced by a writing signed by the parties hereto, and in compliance with applicable provisions of the Investment Company Act.

  • Amendment; Waiver No provision of this Agreement may be amended or waived except by an instrument in writing signed by the parties hereto.

  • Termination Amendment Waiver 35 SECTION 7.01. Termination................................................................................ 35 SECTION 7.02.

  • Modification; Amendment; Waiver No modification, amendment or waiver of any provisions of this Agreement shall be effective unless approved in writing by both parties. The failure at any time to enforce any of the provisions of this Agreement shall in no way be construed as a waiver of such provisions and shall not affect the right of either party thereafter to enforce each and every provision hereof in accordance with its terms.

  • Full Force and Effect; Limited Amendment Except as expressly amended hereby, all of the representations, warranties, terms, covenants, conditions and other provisions of the Existing Credit Agreement and the Loan Documents shall remain unchanged and shall continue to be, and shall remain, in full force and effect in accordance with their respective terms. The amendments set forth herein shall be limited precisely as provided for herein to the provisions expressly amended herein and shall not be deemed to be an amendment to, waiver of, consent to or modification of any other term or provision of the Existing Credit Agreement or any other Loan Document or of any transaction or further or future action on the part of any Obligor which would require the consent of the Lenders under the Existing Credit Agreement or any of the Loan Documents.

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