Common use of Conditional Waiver Clause in Contracts

Conditional Waiver. Subject to the satisfaction of Section 5 below, upon the completion of a Successful Equity Offering (as defined in the Loan Agreement after giving effect to this Agreement), as determined by Agent in its sole discretion, Agent and Lenders hereby waive the Existing Defaults. Notwithstanding the foregoing, the conditional waiver of the Existing Defaults set forth above does not establish a course of conduct between Borrowers, Agent and Lenders and the Borrowers hereby agree that Agent and Lenders are not obligated to waive any future Events of Default under the Loan Agreement or the Other Documents.

Conditional Waiver. Subject to the satisfaction of Section 5 below, upon the completion of a Successful Equity Offering (as defined in the Loan Agreement after giving effect to this Agreementbelow), as determined by Agent in its sole discretion, Agent and Lenders hereby waive the Existing Defaults. Notwithstanding the foregoing, the conditional waiver of the Existing Defaults set forth above does not establish a course of conduct between Borrowers, Agent and Lenders and the Borrowers hereby agree that Agent and Lenders are not obligated to waive any future Events of Default under the Loan Agreement or the Other Documents.

Conditional Waiver. Subject to the satisfaction of Section 5 below, upon the completion occurrence of a Successful the Initial Equity Offering Proceeds Application Date (as defined in the Loan Agreement after giving effect to this Agreement), as determined by Agent in its sole discretion, Agent and Lenders hereby waive the Existing Defaults. Notwithstanding the foregoing, the conditional waiver of the Existing Defaults set forth above does not establish a course of conduct between Borrowers, Agent and Lenders and the Borrowers hereby agree that Agent and Lenders are not obligated to waive any future Events of Default under the Loan Agreement or the Other Documents.