Effectiveness of Waiver. This waiver shall be effective only to the extent specifically set forth herein solely with respect to the Proposed Transaction, and shall not (a) be construed as a waiver of any breach, Default or Event of Default other than as specifically waived herein nor as a waiver of any breach, Default or Event of Default of which the Lenders have not been informed by the Loan Parties, (b) affect the right of the Lenders to demand compliance by the Loan Parties with all terms and conditions of the Loan Documents, except as specifically modified or waived by this waiver, (c) be deemed a waiver of any transaction or future action on the part of the Loan Parties requiring the Lenders’ or the Required Lenders’ consent or approval under the Loan Documents, or (d) except as 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 Loan Document, whether arising as a consequence of any Default or Event of Default (other than with respect to the Defaults or Events of Default waived hereby) which may now exist or otherwise, all such rights and remedies hereby being expressly reserved.
Effectiveness of Waiver. This Waiver shall be effective only to the extent specifically set forth herein and shall not (a) be construed as a waiver of any breach or default nor as a waiver of any breach or default of which the Lenders have not been informed by the Credit Parties, (b) affect the right of the Lenders to demand compliance by the Credit Parties with all terms and conditions of the Credit Agreement, except as specifically consented to pursuant to the terms hereof, (c) be deemed a waiver of any transaction or future action on the part of 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.
Effectiveness of Waiver. This Waiver shall become effective as of the date first written above upon receipt by the Agent of (i) original counterparts of this Waiver duly executed by the Borrower, the Guarantors and the Required Banks, (ii) payment to the Agent for the account of the Banks of a non-refundable waiver fee in the amount of $25,000 and (iii) payment of the Agent's legal fees and expenses.
Effectiveness of Waiver. The waiver provided in Section 2 above shall become effective on and as of the date (such date the “Waiver Effective Date”) that the Administrative Agent shall have received counterparts to this Waiver duly executed by the Borrower, the Administrative Agent, and the Required Lenders.
Effectiveness of Waiver. When delivered by Parent’s Board of Directors pursuant to Section 5.12 below, the waiver of the terms and provisions of that certain Shareholder Rights Plan, dated as of February 10, 2003, by and between 724 Solutions Inc. and Computershare Trust Company of Canada, as rights agent (the “Rights Plan”) shall be effective to permit the acquisition by Austin Ventures or its Affiliates of up to Forty-Nine Percent (49%) of the outstanding Common Shares (whether through the conversion of the Notes or the acquisition of Common Shares from third-parties) without resulting in a Flip-In Event or Separation Time or triggering an adjustment the Exercise Price of the Rights. The terms “Flip-in Event,” “Separation Time,” “Exercise Price” and “Rights” shall have the meanings ascribed to such terms in the Rights Plan, as currently in effect.
Effectiveness of Waiver. This Waiver shall only be effective upon the execution and delivery of this Waiver and the execution and delivery of substantially identical waivers by the Required Holders.
Effectiveness of Waiver. Notwithstanding anything to the contrary in the Agreement, with respect to any obligation to sign a general release and waiver as a condition of the receipt of any payments or benefits hereunder, such general release and waiver must be executed by Executive within 30 days after the date of termination of Executive’s employment and any payment that would otherwise have been made or any benefit that would have otherwise been provided shall not be made or provided until after the 40th day following the date of such termination of employment, subject to the execution of the general release and waiver but without regard to the date upon which the general release and waiver was executed, except to the extent permitted by Section 409A of the Internal Revenue Code of 1986, as amended.
Effectiveness of Waiver. The waiver provided in Section 3.1 above shall terminate automatically without further action by Agent or any Lender in the event that the nature or extent of the Existing Defaults should prove to be in excess of the nature or extent as disclosed to Lenders prior to the date hereof. EXHIBIT 10.11
Effectiveness of Waiver. This Agreement is not conditioned upon the approval of any amendment to the Credit Agreement or the grant of any other waiver by the Lender or the Agent. This Agreement shall be deemed effective as of October 31, 1997.
Effectiveness of Waiver. The Company has waived the Company's rights under the Stock Purchase Agreement, dated as of September 24, 1991, between the Company and Anasco GmbH (the "Anasco Stock Purchase Agreement") so that Anasco GmbH's execution or delivery of the Stockholders Agreement and its consummation of the transactions contemplated by the Stockholders Agreement, will not violate or breach any provision in the Anasco Stock Purchase Agreement.
