Limited Consent & Release Clause Samples

Limited Consent & Release. (a) Effective as of and from the Effective Date (as defined below), the Administrative Agent and the Required Lenders hereby consent to the Non-Core Business Disposition of Wireless LLC and prospectively waive solely those Events of Default under the Credit Agreement that would otherwise occur solely as a result of a Non-Core Business Disposition of Wireless LLC. (b) The Administrative Agent, on behalf of the Lenders, and the Required Lenders hereby fully release Wireless LLC as a Loan Party as of the date hereof upon completion of the Non-Core Business Disposition of Wireless LLC. (c) Nothing in this Amendment shall directly or indirectly be deemed a waiver of any Default or Event of Default, except as expressly set forth in Section 1(a) above, and shall not be deemed to prejudice any right or rights which the Administrative Agent or any Lender may now have or may have in the future under or in connection with the Credit Agreement or any Loan Document or any of the instruments or agreements referred to therein, as the same may be amended from time to time. The foregoing limited consent and waiver shall also not be deemed to operate as, or obligate the Administrative Agent or any Lender to grant any, future waiver or modification of or consent to any provision, term, condition or Default or Event of Default under the Credit Agreement.