Common use of Absence of Waiver Clause in Contracts

Absence of Waiver. The parties hereto agree that the agreements set forth herein shall not be deemed to: (a) be a consent to cure, or waiver of, any Default or Event of Default; (b) except as expressly set forth herein, modify or limit any other term or condition of the Credit Agreement or any other Loan Document; (c) impose upon any Lender or the Administrative Agent any commitment or obligation, express or implied, to consent to any amendment or further modification of the Credit Agreement or other Loan Documents; (d) impose upon any Lender or the Administrative Agent any commitment or obligation, express or implied, to grant or extend any financial accommodations to the Borrower or the Guarantors (other than as expressly set forth herein) or to modify or extend this Forbearance Agreement; or (e) prejudice any right or remedy that the Administrative Agent or the Lenders may now have or may in the future have under the Credit Agreement or under or in connection with the other Loan Documents or any instrument or agreement referred to therein including, without limitation, any right or remedy resulting from any Default or Event of Default.

Appears in 4 contracts

Samples: Forbearance Agreement (Genesis Worldwide Inc), Forbearance Agreement (Genesis Worldwide Inc), Forbearance Agreement (Genesis Worldwide Inc)

AutoNDA by SimpleDocs
Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!