Common use of Future Compliance Clause in Contracts

Future Compliance. Borrowers are hereby notified that irrespective of (i) any waivers or consents previously granted by Lender regarding the Credit Agreement and the Loan Documents, (ii) any previous failures or delays of Lender in exercising any right, power or privilege under the Credit Agreement or the Loan Documents or (iii) any previous failures or delays of Lender in the monitoring or in the requiring of compliance by Borrowers with the duties, obligations and agreements of Borrowers in the Credit Agreement and the Loan Documents, Borrowers will be expected to and required to comply strictly with their duties, obligations and agreements under the Credit Agreement and the Loan Documents.

Appears in 2 contracts

Samples: Forbearance Agreement (TRANS LUX Corp), Forbearance Agreement (TRANS LUX Corp)

AutoNDA by SimpleDocs

Future Compliance. Borrowers are hereby notified that irrespective of (i) any waivers or consents previously granted by Lender regarding the Credit Agreement and the Loan Documents, (ii) any previous failures or delays of Lender in exercising any right, power or privilege under the Credit Agreement or the Loan Documents or (iii) any previous failures or delays of Lender in the monitoring or in the requiring of compliance by Borrowers with the duties, obligations and agreements of Borrowers in the Credit Agreement and the Loan Documents, Borrowers will be expected to and required to comply strictly with their its duties, obligations and agreements under the Credit Agreement and the Loan Documents. 7.

Appears in 1 contract

Samples: Forbearance Agreement (Hooper Holmes Inc)

Future Compliance. Borrowers are hereby notified that irrespective of (i) any waivers or consents previously granted by Lender regarding the Credit Agreement and the Loan Documents, (ii) any previous failures or delays of Lender in exercising any right, power or privilege under the Credit Agreement or the Loan Documents or (iii) any previous failures or delays of Lender in the monitoring or in the requiring of compliance by Borrowers with the duties, obligations and agreements of Borrowers in the Credit Agreement and the Loan Documents, Borrowers will be expected to and required to comply strictly with their its duties, obligations and agreements under the Credit Agreement and the Loan Documents.

Appears in 1 contract

Samples: Credit and Security Agreement and Limited Waiver and Forbearance (Hooper Holmes Inc)

Future Compliance. Borrowers are hereby notified that irrespective of (i) any waivers or consents previously granted by Lender regarding the Credit Agreement and the Loan Documents, (ii) any previous failures or delays of Lender in exercising any right, power or privilege under the Credit Agreement or the Loan Documents or (iii) any previous failures or delays of Lender in the monitoring or in the requiring of compliance by Borrowers with the duties, obligations and agreements of Borrowers in the Credit Agreement and the Loan Documents, Borrowers will be expected to and required to comply strictly with their its duties, obligations and agreements under the Credit Agreement and the Loan Documents. 8.

Appears in 1 contract

Samples: Credit and Security Agreement (Hooper Holmes Inc)

AutoNDA by SimpleDocs

Future Compliance. Borrowers are Borrower is hereby notified that irrespective of (i) any waivers or consents previously granted by Agent or any Lender regarding the Credit Agreement and the Loan Documents, (ii) any previous failures or delays of Agent or any Lender in exercising any right, power or privilege under the Credit Agreement or the Loan Documents or (iii) any previous failures or delays of Agent or any Lender in the monitoring or in the requiring of compliance by Borrowers Borrower with the duties, obligations and agreements of Borrowers Borrower in the Credit Agreement and the Loan Documents, Borrowers Borrower will be expected to and required to comply strictly with their its duties, obligations and agreements under the Credit Agreement and the Loan Documents.

Appears in 1 contract

Samples: Credit Agreement and Limited Waiver and Forbearance (Hooper Holmes Inc)

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!