Common use of Modifications, Amendments or Waivers Clause in Contracts

Modifications, Amendments or Waivers. Lender and Borrower may from time to time enter into written agreements amending, modifying or supplementing this Agreement, the Note or the other Loan Documents or changing the rights of Lender or Borrower hereunder or thereunder, and Lender may from time to time grant waivers or consents to a departure from the due performance of the obligations of Borrower thereunder. Any such agreement, waiver or consent must be in writing and shall be effective only to the extent set forth in such writing. In the case of any such waiver or consent, any Event of Default so waived or consented to shall be deemed to be cured and not continuing, but no such waiver or consent shall extend to any subsequent or other Event of Default or impair any right consequent thereto.

Appears in 13 contracts

Samples: Loan and Security Agreement (Big v Supermarkets Inc), Loan and Security Agreement (Showboat Marina Partnership), Loan and Security Agreement (Equalnet Holding Corp)

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Modifications, Amendments or Waivers. Lender and Borrower may from time to time enter into written agreements amending, modifying or supplementing this Agreement, the Note note or the other Loan Documents or changing the rights of Lender or Borrower hereunder or thereunder, and Lender may from time to time grant waivers or consents to a departure from the due performance of the obligations of Borrower thereunder. Any such agreement, waiver or consent must be in writing and shall be effective only to the extent set forth in such writing. In the case of any such waiver or consent, any Event of Default so waived or consented to shall be deemed to be cured and not continuing, but no such waiver or consent shall extend to any subsequent or other Event of Default or impair any right consequent thereto.

Appears in 1 contract

Samples: Loan and Security Agreement (Amnex Inc)

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