Common use of Limitation of Forbearance Clause in Contracts

Limitation of Forbearance. 3.1 This Forbearance is effective for the purposes set forth herein and shall be limited precisely as written and shall not be deemed to (a) be a consent to any amendment, waiver or modification of any other term or condition of any Loan Document, or (b) otherwise prejudice any right or remedy which Bank may now have or may have in the future under or in connection with any Loan Document.

Appears in 6 contracts

Samples: Loan and Security Agreement (Us Dataworks Inc), Loan and Security Agreement (Us Dataworks Inc), Loan and Security Agreement (Us Dataworks Inc)

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Limitation of Forbearance. 3.1 This Forbearance is a. The forbearance set forth in Section 2 above, are effective for the purposes set forth herein and shall be limited precisely as written and shall not be deemed to (ai) be a consent to any amendment, waiver or modification of any other term or condition of any Loan Document, or (bii) otherwise prejudice any right or remedy which Bank the Lenders, or obligation which Borrower, may now have or may have in the future under or in connection with any Loan Document.

Appears in 1 contract

Samples: Forbearance Agreement (Airxpanders Inc)

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Limitation of Forbearance. 3.1 3.1. This Forbearance Amendment is effective for the purposes set forth herein and shall be limited precisely as written and shall not be deemed to to, other than as specifically set forth herein, (a) be a consent to any amendment, waiver or modification of any other term or condition of any Loan Document, or (b) otherwise prejudice any right or remedy which Bank may now have or may have in the future under or in connection with any Loan Document.

Appears in 1 contract

Samples: Loan and Security Agreement (GPS Industries, Inc.)

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