Common use of Senior Creditor's Waivers Clause in Contracts

Senior Creditor's Waivers. No waiver shall be deemed to be made by the Senior Creditor of any of its rights hereunder unless the same shall be in writing signed on behalf of the Senior Creditor, and each waiver, if any, shall be a waiver only with respect to the specific instance involved and shall in no way impair the rights of the Senior Creditor or the obligations of the Junior Creditor to the Senior Creditor in any other respect at any other time.

Appears in 3 contracts

Samples: Subordination and Intercreditor Agreement (Medicalcv Inc), Credit Agreement (WTC Industries Inc), Subordination Agreement (Aura Systems Inc)

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Senior Creditor's Waivers. No waiver shall be deemed to be made by the Senior Creditor Creditors of any of its their rights hereunder unless the same shall be in writing signed on behalf of the Senior CreditorCreditors, and each waiver, if any, shall be a waiver only with respect to the specific instance involved and shall in no way impair the rights of the Senior Creditor Creditors or the obligations of the Junior Creditor to the Senior Creditor Creditors in any other respect at any other time.

Appears in 1 contract

Samples: Subordination and Intercreditor Agreement (Golden Oval Eggs LLC)

Senior Creditor's Waivers. No waiver shall be deemed to be made by the Senior Creditor of any of its his rights hereunder unless the same shall be in writing signed on behalf of the Senior Creditor, and each waiver, if any, shall be a waiver only with respect to the specific instance involved and shall in no way impair the rights of the Senior Creditor or the obligations of the Junior Creditor to the Senior Creditor in any other respect at any other time.

Appears in 1 contract

Samples: Subordination Agreement (Dotronix Inc)

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Senior Creditor's Waivers. No waiver shall be deemed to be made by the Senior Creditor of any of its rights hereunder hereunder, unless the same shall be in writing signed on behalf of the Senior Creditor, and each waiver, if any, shall be a waiver only with respect to the specific instance involved and shall in no way impair the rights of the Senior Creditor or the obligations of the Junior Subordinated Creditor to the Senior Creditor in any other respect at any other time.

Appears in 1 contract

Samples: Intercreditor Agreement (Nelnet Inc)

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