Common use of Annulment of Defaults Clause in Contracts

Annulment of Defaults. An Event of Default shall not be deemed to be in existence for any purpose of this Agreement if you shall have waived such event in writing or stated in writing that the same has been cured to your reasonable satisfaction, but no such waiver shall extend to or affect any subsequent Event of Default or impair any of your rights upon the occurrence thereof.

Appears in 7 contracts

Samples: Loan Agreement (Enstar Income Growth Program Six B L P), Loan Agreement (Enstar Income Program Iv-1 Lp), Loan Agreement (Enstar Income Program 1984-1 Lp)

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Annulment of Defaults. An Event of Default shall not be deemed to have occurred or to be in existence for any purpose of this Agreement Note if you the holder shall have waived such event Event of Default in writing or stated in writing that the same has been cured to your reasonable such holder' s satisfaction, but no such waiver shall extend to or affect any subsequent Event of Default or impair any of your the rights of the holder upon the occurrence thereof.

Appears in 7 contracts

Samples: Merger Agreement (Universal Hospital Services Inc), Merger Agreement (Universal Hospital Services Inc), Merger Agreement (Jw Childs Equity Partners L P)

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Annulment of Defaults. An Event of Default shall not be deemed --------------------- to have occurred or to be in existence for any purpose of this Agreement Note if you the holder shall have waived such event Event of Default in writing or stated in writing that the same has been cured to your reasonable such holder' s satisfaction, but no such waiver shall extend to or affect any subsequent Event of Default or impair any of your the rights of the holder upon the occurrence thereof.

Appears in 1 contract

Samples: Merger Agreement (Universal Hospital Services Inc)

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