Temporary Waivers Sample Clauses

Temporary Waivers. The conditions specified in clauses 4.1 and 4.2 are inserted for the sole benefit of the Lessor and may be waived in whole or in part and with or without conditions by the Lessor provided always that if any of the said conditions are outstanding after Delivery then, unless the Lessor shall have given a specific written waiver or deferral in respect thereof, the Lessee shall ensure that each such outstanding condition is fulfilled within thirty (30) days of the Delivery Date and provided further that the Lessor shall be entitled to treat the failure of the Lessee to perform such outstanding conditions within such period of thirty (30) days as a Termination Event and as a repudiatory breach of this Lease by the Lessee.
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Temporary Waivers. During the Term each Holder agrees to the following:
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Temporary Waivers. If Permittee is unable to comply with a particular Permit time frame, Permittee may write a letter to the Airport Manager prior to the expiration of the period at issue requesting a waiver for an extension of time. This letter must be specific with regard to the reason and length of time extension required. Waivers shall not be granted for more than a six-month period. I certify that I have read, understand, and agree to comply with the terms and conditions of this Permit; that all information I have furnished with this Application is current, complete and accurate; that I own/lease the airworthy aircraft(s) listed in Item 4 of the Application and that if this aircraft(s) is leased or owned by a business that the purpose of the lease is not to circumvent the tiedown waiting list. I understand that I am personally obligated to immediately report changes in the information given in the Application to the Airport Office Manager’s Office.. I understand that failure to comply with any term of this Permit may result in termination of the Permit and revocation of any AIBs issued with this Permit. Signature (Permittee Only) Date Signature (Permittee Only) Date Entered into on behalf of: XXXXXXXX MEMORIAL AIRPORT AUTHORITY, XXXXXXXX MEMORIAL AIRPORT
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Temporary Waivers. The Company has requested a waiver of ----------------- compliance with certain financial covenants during the period from and including the Effective Date (as defined in Paragraph 5 below) to but excluding February 13, 1998 (the "Waiver Termination Date"). The Lenders hereby waive, on a temporary basis, compliance by the Company with the financial covenants set forth in Paragraphs 8(j) (Total Liabilities to Effective Net Worth; Total Liabilities to Adjusted Tangible Net Worth), 8(l)(2) (maximum repurchase obligations), and 8(m) (Current Ratio) during the period from and including the Effective Date to but excluding the Waiver Termination Date. On the Waiver Termination Date, the Company shall be required to be back in compliance with all such financial covenants.
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Temporary Waivers. 1.1 Each Borrower hereby acknowledges and agrees that, as a result of the Existing Defaults under the Credit Agreement, the Banks may, on or after December 15, 2006, if they so elect, proceed to enforce their rights and remedies under and in accordance with the Loan Documents, including without limitation to collect the Borrowers' obligations to the Banks.
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Temporary Waivers. The conditions specified in clauses 5.1 and 5.2 are inserted for the sole benefit of the Owner and may be waived in whole or in part and with or without conditions by the Owner provided always that if any of the said conditions are outstanding after Delivery has taken place (or, for the purpose of clause 2.4, after the relevant Payment Release Date) then, unless the Owner shall have given a specific written waiver or deferral in respect thereof, the Hirer shall ensure that each such outstanding condition is fulfilled within fifteen (15) Business Days of the Delivery Date (or the relevant Payment Release Date, as the case may be) and provided further that the Owner shall be entitled to treat the failure of the Hirer to perform such outstanding conditions within such period of fifteen (15) Business Days as a Termination Event and as a repudiatory breach of this Agreement by the Hirer.
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Related to Temporary Waivers

  • Additional Waivers (a) The Obligations are the joint and several obligation of each Loan Party. To the fullest extent permitted by Applicable Law, the obligations of each Loan Party shall not be affected by (i) the failure of any Credit Party to assert any claim or demand or to enforce or exercise any right or remedy against any other Loan Party under the provisions of this Agreement, any other Loan Document or otherwise, (ii) any rescission, waiver, amendment or modification of, or any release from any of the terms or provisions of, this Agreement or any other Loan Document, or (iii) the failure to perfect any security interest in, or the release of, any of the Collateral or other security held by or on behalf of the Agent or any other Credit Party.

  • Certain Additional Waivers Each Guarantor agrees that such Guarantor shall have no right of recourse to security for the Obligations, except through the exercise of rights of subrogation pursuant to Section 4.02 and through the exercise of rights of contribution pursuant to Section 4.06.

  • Certain Waivers Each Guarantor waives (a) any defense arising by reason of any disability or other defense of the Borrower or any other guarantor, or the cessation from any cause whatsoever (including any act or omission of any Secured Party) of the liability of the Borrower or any other Loan Party; (b) any defense based on any claim that such Guarantor’s obligations exceed or are more burdensome than those of the Borrower or any other Loan Party; (c) the benefit of any statute of limitations affecting any Guarantor’s liability hereunder; (d) any right to proceed against the Borrower or any other Loan Party, proceed against or exhaust any security for the Secured Obligations, or pursue any other remedy in the power of any Secured Party whatsoever; (e) any benefit of and any right to participate in any security now or hereafter held by any Secured Party; and (f) to the fullest extent permitted by law, any and all other defenses or benefits that may be derived from or afforded by applicable Law limiting the liability of or exonerating guarantors or sureties. Each Guarantor expressly waives all setoffs and counterclaims and all presentments, demands for payment or performance, notices of nonpayment or nonperformance, protests, notices of protest, notices of dishonor and all other notices or demands of any kind or nature whatsoever with respect to the Secured Obligations, and all notices of acceptance of this Guaranty or of the existence, creation or incurrence of new or additional Secured Obligations.

  • Maker Waivers Except as otherwise specifically provided herein, the Maker and all others that may become liable for all or any part of the obligations evidenced by this Note, hereby waive presentment, demand, notice of nonpayment, protest and all other demands and notices in connection with the delivery, acceptance, performance and enforcement of this Note, and do hereby consent to any number of renewals of extensions of the time or payment hereof and agree that any such renewals or extensions may be made without notice to any such persons and without affecting their liability herein and do further consent to the release of any person liable hereon, all without affecting the liability of the other persons, firms or Maker liable for the payment of this Note, AND DO HEREBY WAIVE TRIAL BY JURY.

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