Limited Waiver of Conditions Precedent. If Lender funds any 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, creation or grant; or (b) any Default or Event of Default due to such failure of conditions or otherwise.
Appears in 2 contracts
Samples: Assumption, Ratification and Modification Agreement (Energea Portfolio 2 LLC), Credit Agreement (Energea Portfolio 2 LLC)
Limited Waiver of Conditions Precedent. If the Lender funds any Loan 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, creation issuance or grant; or 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 Loan Loan, issues any 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, creation or grant; or 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)
