Waiver of Specified Events of Default Sample Clauses

Waiver of Specified Events of Default. The Agents and the Required Lenders hereby waive the Specified Events of Default. The Loan Parties acknowledge and agree that:
AutoNDA by SimpleDocs
Waiver of Specified Events of Default. The Bank hereby waives and elects to forego exercising rights and remedies in respect of the Specified Events of Default. Except as expressly set forth herein with respect to the Specified Event of Default, nothing in this Modification constitutes or shall be deemed to constitute a waiver of any of the rights or remedies of the Bank under the terms of the Loan Agreement, any Guaranty or applicable law, all of which are hereby reserved. The Bank is not waiving any Default or Event of Default other than the Specified Event of Default. Except as provided herein, all terms, conditions and covenants set forth in the Loan Documents shall remain unaffected and in full force and effect.
Waiver of Specified Events of Default. Subject to the satisfaction of the conditions precedent set forth in Section 8 below, Lender hereby waives, to the extent the Specified Events of Default constitute Events of Default under the Loan Agreement after giving effect to the waiver received by the Borrower from the Comvest Parties, the Specified Events of Default, provided, however, to the extent that the Limited Waiver constitutes a conditional waiver of such defaults, this waiver shall be conditional and shall be revoked on the same terms and conditions as in the Limited Waiver.
Waiver of Specified Events of Default. Subject to the terms and conditions hereof, Xxxxx Fargo hereby waives the Specified Events of Default.
Waiver of Specified Events of Default. Effective as of the Effective Date (as defined in Section III hereof) and subject to the provisions of Section I-B (Consent to Extension of Delivery Date) hereof and the satisfaction (or due waiver) of the conditions set forth in Section III (Conditions Precedent to Effectiveness) hereof, the Administrative Agent and the Requisite Lenders hereby waive the Specified Events of Default until July 17, 2007; provided, however, that the waiver set forth in this Section I shall not excuse any failure to comply with any other provision of the Credit Agreement or other Credit Documents.
Waiver of Specified Events of Default. The Lenders hereby agree, subject to the terms and conditions of this Amendment, to waive the Specified Events of Default. The foregoing limited waiver shall be deemed to be effective as of the date of the occurrence of the Specified Events of Default.
Waiver of Specified Events of Default. Notwithstanding the provisions of the Credit Agreement to the contrary, the Agent and the Lenders hereby agree to extend the 2016 Audit Covenant Waiver Deadline, extend the April EBITDA Waiver Deadline, extend the June EBITDA Waiver Deadline, extend the July EBITDA Waiver Deadline, extend the August EBITDA Waiver Deadline and waive the Anticipated Event of Default until the date (the “Waiver Deadline”) that is the earlier of (a) the occurrence and continuation of a Default or Event of Default other than any Specified Event of Default and (b) October 31, 2017. On the date constituting the Waiver Deadline, the Specified Events of Default will be reinstated as if the waiver set forth above had never been provided and failure of the Parent Borrower to be in compliance therewith shall constitute an immediate Event of Default.
AutoNDA by SimpleDocs
Waiver of Specified Events of Default. Notwithstanding the provisions of the Credit Agreement to the contrary, the Agent and the Lenders hereby agree to extend the 2016 Audit Covenant Waiver Deadline, extend the April EBITDA Waiver Deadline, extend the June EBITDA Waiver Deadline, extend the July EBITDA Waiver Deadline and waive the Anticipated Event of Default until the date (the “Waiver Deadline”) that is the earlier of (a) the occurrence and continuation of a Default or Event of Default other than any Specified Event of Default and (b) September 30, 2017. On the date constituting the Waiver Deadline, the Specified Events of Default will be reinstated as if the waiver set forth above had never been provided and failure of the Parent Borrower to be in compliance therewith shall constitute an immediate Event of Default.
Waiver of Specified Events of Default. The Lenders hereby agree, subject to the terms and conditions of this Amendment, to waive (a) the Indebtedness Event of Default to the extent such Event of Default occurred prior to the Fifth Amendment Effective Date, (b) the Preferred Issuance Event of Default, (c) the Asset Coverage Ratio Event of Default, but only with respect to each Asset Coverage Test Date occurring during the period from the Fourth Amendment Effective Date through (but excluding) the April 30, 2015 Asset Coverage Test Date, (d) without limiting the obligations of the Borrower under Section 8.16(f) of the Credit Agreement, as amended hereby, the North Fork Documentation Event of Default, (e) the Restricted Payment Event of Default, and (f) the First Lien Cross Defaults.
Waiver of Specified Events of Default. Upon the effectiveness of this Amendment as provided for in Section Five below, Lender hereby waives the Designated Events of Default as of the date hereof. Such waiver by Lender of the Designated Events of Default shall in no way be construed as an agreement to waive any other Events of Default under the Credit Agreement that may have occurred prior to the date hereof other than the Designated Events of Default, nor to waive any Events of Default arising after the date hereof, in either case whether or not any such existing or future Event of Default is of the same type and/or arises from the same or similar events or circumstances as the Designated Events of Default, including without limitation, any other Event of Default arising from a violation of any financial covenant provided for in the Credit Agreement as in effect from time to time (any such existing or future Event of Default other than the Designated Events of Default, an “Excluded Default”). Lender reserves all of its rights and remedies under the Credit Agreement and the other Loan Documents, under applicable law and at equity as to any such Excluded Default which may exist and/or may hereafter occur. The Lender shall have no obligation to grant any waivers with respect to any such existing or future Excluded Default, and the granting of the waiver of the Designated Events of Default under this Amendment shall not be construed as a course of conduct or dealing on the part of the Lender that would obligate or create any duty on the part of Lender to waive any such Excluded Default.
Time is Money Join Law Insider Premium to draft better contracts faster.