Common use of Effectiveness of Consent Clause in Contracts

Effectiveness of Consent. This consent shall be effective only to the extent specifically set forth herein and shall not (a) be construed as a consent or waiver of any breach or default nor as a waiver of any breach or default of which the Lenders have not been informed by any Loan Party, (b) affect the right of the Lenders to demand compliance by the Loan Parties with all terms and conditions of the Credit Agreement, except as specifically consented to, modified or waived by this consent, (c) be deemed a waiver of any transaction or future action on the part of any Loan Party requiring the Lenders’ or the Required Lenders’ consent or approval under the Credit Agreement, or (d) except as consented to and waived hereby, be deemed or construed to be a waiver or release of, or a limitation upon, the Administrative Agent’s or the Lenders’ exercise of any rights or remedies under the Credit Agreement or any other Credit Document, whether arising as a consequence of any Event of Default which may now exist or otherwise, all such rights and remedies hereby being expressly reserved.

Appears in 1 contract

Samples: Credit Agreement and Consent (Invacare Corp)

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Effectiveness of Consent. This consent shall be effective only to the extent specifically set forth herein and shall not (a) be construed as a consent or waiver of any breach or default nor as a waiver of any breach or default of which the Lenders have not been informed by any Loan Partythe Borrower, (b) affect the right of the Lenders to demand compliance by the Loan Parties Borrower with all terms and conditions of the Credit Agreement, except as specifically modified, consented to, modified or waived by this consentAmendment, (c) be deemed a consent or waiver of any transaction or future action on the part of any Loan Party the Borrower requiring the Lenders’ or the Required Lenders’ consent or approval under the Credit Agreement, or (d) except as consented to and waived hereby, be deemed or construed to be a waiver or release ofconsent, waiver, release, or a limitation upon, the Administrative Agent’s or the Lenders’ exercise of any rights or remedies under the Credit Agreement or any other Credit Document, whether arising as a consequence of any Event of Default which may now exist or otherwise, all such rights and remedies hereby being expressly reserved.

Appears in 1 contract

Samples: Credit Agreement and Consent (Benihana Inc)

Effectiveness of Consent. This consent shall be effective only to the extent specifically set forth herein and shall not (a) be construed as a consent or waiver of any breach or default nor as a waiver of any breach or default of which the Lenders have not been informed by any Loan Partythe Credit Parties, (b) affect the right of the Lenders to demand compliance by the Loan Credit Parties with all terms and conditions of the Credit Agreement, except as specifically consented to, modified or waived by this consentto pursuant to the terms hereof, (c) be deemed a waiver of any transaction or future action on the part of any Loan Party the Credit Parties requiring the Lenders’ or the Required Lenders’ consent or approval under the Credit Agreement, or (d) except as consented to and waived hereby, be deemed or construed to be a waiver or release of, or a limitation upon, the Administrative Agent’s or the Lenders’ exercise of any rights or remedies under the Credit Agreement or any other Credit Document, whether arising as a consequence of any Event of Default which may now exist or otherwise, all such rights and remedies hereby being expressly reserved.

Appears in 1 contract

Samples: Credit Agreement (Gencorp Inc)

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Effectiveness of Consent. This consent shall be effective only to the extent specifically set forth herein and shall not (a) be construed as a consent or waiver of any breach or default nor as a waiver of any breach or default of which the Lenders have not been informed by any Loan Partythe Borrower, (b) affect the right of the Lenders to demand compliance by the Loan Parties Borrower with all terms and conditions of the Credit Agreement, except as specifically consented to, modified or waived consented to by this consentAmendment, (c) be deemed a waiver of any transaction or future action on the part of any Loan Party the Borrower requiring the Lenders’ or the Required Lenders’ consent or approval under the Credit Agreement, or (d) except as consented to and waived hereby, be deemed or construed to be a waiver or release of, or a limitation upon, the Administrative Agent’s or the Lenders’ exercise of any rights or remedies under the Credit Agreement or any other Credit Document, whether arising as a consequence of any Event of Default which may now exist or otherwise, all such rights and remedies hereby being expressly reserved.

Appears in 1 contract

Samples: Credit Agreement and Consent (Osi Systems Inc)

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