Bank Waivers Clause Samples

A Bank Waivers clause allows a bank to formally relinquish or forgo certain rights, requirements, or conditions that would otherwise be enforceable under an agreement. In practice, this might involve the bank agreeing not to enforce a covenant breach or to overlook a missed payment deadline, typically documented in writing and sometimes subject to specific conditions or time limits. The core function of this clause is to provide flexibility in the banking relationship, enabling parties to address unforeseen circumstances without triggering default or other penalties, thereby maintaining the stability of the agreement.
Bank Waivers. Buyer shall use reasonable commercial efforts to obtain the requisite consents of the lenders under the MGM Credit Facility.
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Bank Waivers. 41 Section 10.10 Parent Share Value.....................................................41
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Bank Waivers. Our failure to act with respect to a breach by you or others does not waive our right to act with respect to subsequent or similar breaches.
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Bank Waivers. The Borrowers (as defined in the Credit Agreement, as defined below) shall have obtained waivers from a sufficient number of the lenders party to that certain Credit Agreement, dated as of February 27, 2007 (as amended, the “Credit Agreement”), among Pacific Ethanol Madera LLC, Pacific Ethanol Columbia, LLC, Pacific Ethanol Stockton, LLC, Pacific Ethanol Magic Valley, LLC, Pacific Ethanol Holding Co. LLC, WestLB AG, New York Branch, as administrative agent, waiving all defaults under the Credit Agreement existing as of March 17, 2008, in a form substantially satisfactory to the Purchaser.
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Bank Waivers. 40 Section 9.10 No Material Adverse Change.............................................40 ARTICLE X CONDITIONS PRECEDENT TO OBLIGATIONS OF DSLT............................40
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Bank Waivers. The Borrower shall, by no later than the date occurring forty five (45) Business Days after the date of this Agreement, procure from each relevant creditor and deliver to the Agent (in form and substance satisfactory to the Agent) such waivers as are required in order to waive each of the events of default (howsoever defined) disclosed in the Disclosure Letter (other than events of default identified in appendix 1 of the Disclosure Letter as relating to bank guarantees) or, in the absence of any such waiver, (x) prepay or repay any amount which has been declared as due and payable by any relevant creditor as a result of any such event of default (including any amount then due in respect of any bank guarantee identified in appendix 1 of the Disclosure Letter) and/or (y) post such amount of cash collateral as is required by the relevant creditor in order to cure or remedy the aforementioned event of default.
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Bank Waivers. Parent shall have obtained and delivered to DSLT the bank waivers described in Section 7.06.
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Bank Waivers. Parent shall use commercially reasonble efforts to obtain, within twenty-one (21) days following the date of execution of this Agreement, the waivers required under its bank credit facility to consummate the Merger without causing an event of default. Parent shall deliver to DSLT copies of all such waivers immediately upon receipt thereof.
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Related to Bank Waivers

  • CONSENTS, AMENDMENTS, WAIVERS, ETC Any consent or approval required or permitted by this Credit Agreement to be given by the Banks may be given, and any term of this Credit Agreement, the other Loan Documents or any other instrument related hereto or mentioned herein may be amended, and the performance or observance by the Borrower or any of its Subsidiaries of any terms of this Credit Agreement, the other Loan Documents or such other instrument or the continuance of any Default or Event of Default may be waived (either generally or in a particular instance and either retroactively or prospectively) with, but only with, the written consent of the Borrower and the written consent of the Majority Banks. Notwithstanding the foregoing, a decrease in the rate of interest on the Notes (other than interest accruing pursuant to (S)6.11.2 following the effective date of any waiver by the Majority Banks of the Default or Event of Default relating thereto), the amount of the Commitments of the Banks (other than increases which are contemplated by (S)20.1.2 hereof), and the amount of the Commitment Fee or Letter of Credit Fees hereunder may not be reduced without the written consent of the Borrower and the written consent of each Bank affected thereby; the Revolving Credit Loan Maturity Date and the Term Loan Maturity Date may not be postponed, no date fixed for payment may be postponed and the amount of any scheduled payment may not be reduced without the written consent of each Bank affected thereby; this (S)27 and the definition of Majority Banks may not be amended, without the written consent of all of the Banks; all or substantially all of the Collateral (except if the release or disposition of such Collateral is permitted or provided for in the provisions of (S)10.5.2 hereof) may not be released without the written consent of all of the Banks; and the amount of the Agent's Fee or any Letter of Credit Fees payable for the Agent's account and (S)16 may not be amended without the written consent of the Agent. No waiver shall extend to or affect any obligation not expressly waived or impair any right consequent thereon. No course of dealing or delay or omission on the part of the Agent or any Bank in exercising any right shall operate as a waiver thereof or otherwise be prejudicial thereto. No notice to or demand upon the Borrower shall entitle the Borrower to other or further notice or demand in similar or other circumstances.

  • Modifications; Amendments; Waivers The terms and provisions of this Agreement may not be modified or amended, nor may any provision be waived, except pursuant to a writing signed by the Corporation and the holders of at least a majority of the Registrable Shares then outstanding.

  • Amendments; Waivers No provision of this Agreement may be waived or amended except in a written instrument signed, in the case of an amendment, by the Company and each Purchaser or, in the case of a waiver, by the party against whom enforcement of any such waiver is sought. No waiver of any default with respect to any provision, condition or requirement of this Agreement shall be deemed to be a continuing waiver in the future or a waiver of any subsequent default or a waiver of any other provision, condition or requirement hereof, nor shall any delay or omission of either party to exercise any right hereunder in any manner impair the exercise of any such right.

  • Modifications; Waivers This Agreement may not be amended, modified or changed (in whole or in part), except by an instrument in writing signed by both parties hereto. The waiver by either party of compliance with any provision of this Agreement by the other party shall not operate or be construed as a waiver of any other provision of this Agreement, or of any subsequent breach by such party of a provision of this Agreement.

  • Modifications and Waivers No provision of this Agreement shall be modified, waived or discharged unless the modification, waiver or discharge is agreed to in writing and signed by the Executive and by an authorized officer of the Company (other than the Executive). No waiver by either party of any breach of, or of compliance with, any condition or provision of this Agreement by the other party shall be considered a waiver of any other condition or provision or of the same condition or provision at another time.