Common use of Waiver of a Condition Precedent Clause in Contracts

Waiver of a Condition Precedent. The terms and conditions of Sections 7.1 and 7.2 are inserted for the sole benefit of the Agent and the Lenders and may be waived by the Agent by or with the prior consent of all of the Lenders in whole or in part with or without terms or conditions, in respect of all or any portion of the Borrowings, without affecting the right of the Agent or the Lenders to assert such terms and conditions in whole or in part in respect of any other Borrowing.

Appears in 5 contracts

Samples: Credit Agreement (PENGROWTH ENERGY Corp), Credit Agreement (PENGROWTH ENERGY Corp), Credit Agreement (PENGROWTH ENERGY Corp)

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Waiver of a Condition Precedent. The terms conditions stated in Sections 8.1 and conditions of Sections 7.1 and 7.2 8.2 are inserted for the sole benefit of the Agent and the Lenders and the conditions stated therein may only be waived by the Agent by or with the prior consent of all of the Lenders Unanimous Lenders, in whole or in part part, with or without terms or conditions, in respect of all or any portion of the BorrowingsAdvances, without affecting the right of the Agent or the Lenders to assert such terms and conditions in whole or in part in respect of any other BorrowingAdvance.

Appears in 3 contracts

Samples: Credit Agreement (SunOpta Inc.), Credit Agreement (SunOpta Inc.), Credit Agreement (SunOpta Inc.)

Waiver of a Condition Precedent. The terms and conditions of Sections 7.1 8.1 and 7.2 8.2 are inserted for the sole benefit of the Agent and the Lenders and may be waived by the Agent by or with the prior consent of all of the Majority Lenders in whole or in part with or without terms or conditions, in respect of all or any portion of the Borrowingsa Borrowing, without affecting the right of the Agent or the Lenders to assert such terms and conditions in whole or in part in respect of any other Borrowing.

Appears in 3 contracts

Samples: Credit Agreement (PRECISION DRILLING Corp), Credit Agreement (PRECISION DRILLING Corp), Credit Agreement (Precision Diversified Oilfield Services Corp.)

Waiver of a Condition Precedent. The terms conditions set out in Sections 8.1 and conditions of Sections 7.1 and 7.2 8.2 are inserted for the sole benefit of the Agent and the Lenders and may be waived by the Agent by or with the prior consent of all of the Lenders in whole or in part part, with or without terms or conditions, in respect of all or any portion of the Borrowingsany Accommodation, without affecting the right of the Agent or the Lenders to assert such terms and conditions in whole or in part in respect of any other BorrowingAccommodation.

Appears in 2 contracts

Samples: Syndicated Credit Agreement (Advantage Oil & Gas Ltd.), Syndicated Credit Agreement (Advantage Oil & Gas Ltd.)

Waiver of a Condition Precedent. The terms and conditions of Sections 7.1 and 7.2 are inserted for the sole benefit of the Agent and the Lenders and may be waived by the Agent by or with the prior consent of all of the Lenders in whole or in part with or without terms or conditions, in respect of all or any portion of the Borrowings, without affecting the right of the Agent or the Lenders to assert such terms and conditions in whole or in part in respect of any other Borrowing.

Appears in 2 contracts

Samples: Credit Agreement (Prima Energy Corp), Credit Agreement (Prima Energy Corp)

Waiver of a Condition Precedent. The terms and conditions of Sections 7.1 and 7.2 are inserted for the sole benefit of the Agent and the Lenders and may be waived by the Agent by or with the prior consent of all of the Lenders in whole or in part with or without terms or conditions, in respect of all or any portion of the Borrowings, without affecting the right of the Agent or the Lenders to assert such terms and conditions in whole or in part in respect of any other Borrowing.

Appears in 1 contract

Samples: Credit Agreement (Pengrowth Energy Trust)

Waiver of a Condition Precedent. The terms and conditions of Sections 7.1 8.1 and 7.2 8.2 are inserted for the sole benefit of the Agent and the Lenders and may be waived by the Agent by or with the prior consent of all of the Lenders in whole or in part with or without terms or conditions, in respect of all or any portion of the BorrowingsAdvances, without affecting the right of the Agent or the Lenders to assert such terms and conditions in whole or in part in respect of any other BorrowingAdvance.

Appears in 1 contract

Samples: Syndicated Credit Agreement (Enterra Energy Trust)

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Waiver of a Condition Precedent. The terms and conditions of Sections 7.1 8.1 and 7.2 8.2 are inserted for the sole benefit of the Agent and the Lenders and may be waived by the Agent by or with the prior consent of all of the Majority Lenders in whole or in part with or without terms or conditions, in respect of all or any portion of the BorrowingsAccommodations, without affecting the right of the Agent or the Lenders to assert such terms and conditions in whole or in part in respect of any other BorrowingAccommodations.

Appears in 1 contract

Samples: Credit Agreement (Keyspan Corp)

Waiver of a Condition Precedent. The terms and conditions of Sections 7.1 8.1 and 7.2 8.2 are inserted for the sole benefit of the Agent and the Lenders and may be waived by the Agent by or with the prior consent of all of the Lenders in whole or in part with or without terms or conditions, in respect of all or any portion of the BorrowingsAdvances, without affecting the right of the Agent or the Lenders to assert such terms and conditions in whole or in part in respect of any other Borrowing.

Appears in 1 contract

Samples: Syndicated Credit Agreement (Enterra Energy Trust)

Waiver of a Condition Precedent. The terms and conditions of Sections 7.1 and 7.2 are inserted for the sole benefit of the Agent and the Lenders and may be waived by the Agent by or with and the prior consent of all of the Majority Lenders in whole or in part with or without terms or conditions, in respect of all or any portion of the Borrowings, without affecting the right of the Agent or and the Lenders to assert such terms and conditions in whole or in part in respect of any other Borrowing.

Appears in 1 contract

Samples: Credit Agreement (Transcanada Corp)

Waiver of a Condition Precedent. The terms and conditions of Sections 7.1 7.1, 7.2 and 7.2 7.3 are inserted for the sole benefit of the Agent and the Lenders and may be waived by the Agent by or with and the prior consent of all of the Majority Lenders in whole or in part with or without terms or conditions, in respect of all or any portion of the Borrowings, without affecting the right of the Agent or and the Lenders to assert such terms and conditions in whole or in part in respect of any other Borrowing.

Appears in 1 contract

Samples: Credit Agreement (Columbia Pipeline Group, Inc.)

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