Common use of Limited Waiver of Conditions Precedent Clause in Contracts

Limited Waiver of Conditions Precedent. If Lender funds any Loans, issues any Letters of Credit or grants any other accommodation when any conditions precedent are not satisfied (regardless of whether the lack of satisfaction was known or unknown at the time), it shall not operate as a waiver of (a) the right of Lender to insist upon satisfaction of all conditions precedent with respect to any subsequent funding, issuance or grant; nor (b) any Default or Event of Default due to such failure of conditions or otherwise.

Appears in 2 contracts

Samples: Loan Agreement (Ashworth Inc), Loan and Security Agreement (Ashworth Inc)

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Limited Waiver of Conditions Precedent. If the Lender funds any Loans, issues any Letters of Credit Advance or grants any other accommodation when any conditions precedent are not satisfied (regardless of whether the lack of satisfaction was known or unknown at the time), it shall not operate as a waiver of (a) the right of Lender to insist upon satisfaction of all conditions precedent with respect to any subsequent funding, issuance or grant; nor (b) any Default or Event of Default due to such failure of conditions or otherwise.

Appears in 2 contracts

Samples: Credit Agreement (Optical Cable Corp), Special Project Loan Agreement (Optical Cable Corp)

Limited Waiver of Conditions Precedent. If Lender funds any Loans, issues any Letters of Credit Loan or grants any other accommodation when any conditions precedent are not satisfied (regardless of whether the lack of satisfaction was known or unknown at the time), it shall not operate as a waiver of (a) the right of Lender to insist upon satisfaction of all conditions precedent with respect to any subsequent funding, issuance issuance, creation or grant; nor or (b) any Default or Event of Default due to such failure of conditions or otherwise.

Appears in 2 contracts

Samples: Credit Agreement (Energea Portfolio 2 LLC), Credit Agreement (Energea Portfolio 2 LLC)

Limited Waiver of Conditions Precedent. If Lender funds any LoansLoan, issues any Letters Letter of Credit or grants any other accommodation when any conditions precedent are not satisfied (regardless of whether the lack of satisfaction was known or unknown at the time), it shall not operate as a waiver of (a) the right of Lender to insist upon satisfaction of all conditions precedent with respect to any subsequent funding, issuance issuance, creation or grant; nor (b) any Default or Event of Default due to such failure of conditions or otherwise.

Appears in 1 contract

Samples: Loan and Security Agreement (First Aviation Services Inc)

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Limited Waiver of Conditions Precedent. If Lender funds any Loans, issues any Letters of Credit or grants any other accommodation when any conditions precedent are not satisfied (regardless of whether the lack of satisfaction failure to satisfy such conditions was known or unknown at the time), it shall not operate as a waiver of (a) the right of Lender to insist upon satisfaction of all conditions precedent with respect to any subsequent funding, issuance or grant; nor grant or (b) any Default or Event of Default due to such failure of to satisfy such conditions or otherwise.

Appears in 1 contract

Samples: Loan and Security Agreement (Craftmade International Inc)

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