Common use of Limited Waiver Clause in Contracts

Limited Waiver. Subject to the satisfaction of the conditions set forth in Section 5 below, and in reliance on the representations and warranties contained in Section 4 below, Agent and the Lenders hereby waive the Subject Event of Default. The limited waiver set forth in this Section 2 is effective solely for the purposes set forth herein and shall be limited precisely as written and shall not, except as expressly provided herein, be deemed to (a) be a consent to any amendment, waiver or modification of any term or condition of the Credit Agreement or of any other Financing Document; (b) prejudice any right that Agent or Lenders have or may have in the future under or in connection with the Credit Agreement or any other Financing Document; (c) constitute a consent to or waiver of any past, present or future Default or Event of Default (other than the Subject Event of Default) or other violation of any provisions of the Credit Agreement or any other Financing Documents; (d) create any obligation to forbear from taking any enforcement action, or to make any further extensions of credit; or (e) establish a custom or course of dealing among any of the Credit Parties, on the one hand, or Agent or any Lender, on the other hand.

Appears in 4 contracts

Samples: Credit, Security and Guaranty Agreement (Revolving Loan) (Telesis Bio Inc.), Credit, Security and Guaranty Agreement (Term Loan) (Telesis Bio Inc.), Credit and Security Agreement (Alpha Teknova, Inc.)

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Limited Waiver. Subject to the satisfaction of the conditions set forth in Section 5 below, and in reliance on the representations and warranties contained in Section 4 below, Agent and the Lenders hereby waive the Subject Event Events of Default. The limited waiver set forth in this Section 2 is effective solely for the purposes set forth herein and shall be limited precisely as written and shall not, except as expressly provided herein, be deemed to (a) be a consent to any amendment, waiver or modification of any term or condition of the Credit Agreement or of any other Financing Document; (b) prejudice any right that Agent or Lenders have or may have in the future under or in connection with the Credit Agreement or any other Financing Document; (c) constitute a consent to or waiver of any past, present or future Default or Event of Default (other than the Subject Event Events of Default) or other violation of any provisions of the Credit Agreement or any other Financing Documents; (d) create any obligation to forbear from taking any enforcement action, or to make any further extensions of credit; or (e) establish a custom or course of dealing among any of the Credit Parties, on the one hand, or Agent or any Lender, on the other hand.

Appears in 2 contracts

Samples: Limited Waiver and Amendment to Credit and Security Agreement (Alpha Teknova, Inc.), Limited Waiver and Amendment No. 5 to Amended and Restated Credit and Security Agreement (Term Loan) (Alpha Teknova, Inc.)

Limited Waiver. Subject (a) At the request of and as an accommodation to the satisfaction of Borrowers and subject to the terms and conditions set forth in Section 5 below, and in reliance on the representations and warranties contained in Section 4 belowherein, Agent and the Required Lenders hereby waive waive, ab initio, the Subject Event Events of Default. . (b) The limited waiver waivers set forth in this Section 2 is are effective solely for the purposes set forth herein and shall be limited precisely as written and shall not, except as expressly provided herein, be deemed to (a) be a consent to any amendment, waiver or modification of any term or condition of the Credit Agreement or of any other Financing Document; (b) prejudice any right that Agent or Lenders have or may have in the future under or in connection with the Credit Agreement or any other Financing Document; (c) constitute a consent to or waiver of any past, present or future Default or Event of Default (other than the Subject Event Events of Default) or other violation of any provisions of the Credit Agreement or any other Financing Documents; (d) create any obligation to forbear from taking any enforcement action, or to make any further extensions of credit; or (e) establish a custom or course of dealing among any of the Credit Parties, on the one hand, or Agent or any Lender, on the other hand.

Appears in 1 contract

Samples: Credit Agreement (Alphatec Holdings, Inc.)

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Limited Waiver. Subject (a) At the request of and as an accommodation to the Borrowers and subject to the satisfaction of the conditions to effectiveness set forth in Section 5 below, and in reliance on the representations and warranties contained in Section 4 belowhereof, Agent and the Required Lenders hereby waive waive, ab initio, the Subject Specified Event of DefaultDefault in accordance with the terms hereof. MidCap / Aptevo / Amendment No. 1 to Credit Agreement \\DC - 036639/000031 - 10303807 (b) The limited waiver set forth in this Section 2 is effective solely for the purposes set forth herein and shall be limited precisely as written and shall not, except as expressly provided herein, be deemed to (a) be a consent to any other amendment, waiver or modification of any term or condition of the Credit Agreement or of any other Financing Document; (b) prejudice any right that Agent or Lenders have or may have in the future under or in connection with the Credit Agreement or any other Financing DocumentDocument (other than in respect of the Specified Event of Default); (c) constitute a consent to or waiver of any past, present or future Default or Event of Default (other than the Subject Specified Event of Default) or other violation of any provisions of the Credit Agreement or any other Financing Documents; (d) create any obligation to forbear from taking any enforcement action, or to make any further extensions of creditcredit (other than in respect of the Specified Event of Default); or (e) establish a custom or course of dealing among any of the Credit Parties, on the one hand, or Agent or any Lender, on the other hand.

Appears in 1 contract

Samples: Credit and Security Agreement (Aptevo Therapeutics Inc.)

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