Waiver of Certain Financial Covenants. (A) IBM Credit hereby waives compliance by Borrower with the financial covenants set forth in Sections 12(b), 12(c), 12(d) and 12(e) for the fiscal period ending June 30, 1996.
Waiver of Certain Financial Covenants. Bank hereby waives Borrower's compliance with subparagraphs 10 (c), (d), and (f) for the fiscal quarters of Borrower ending September 30, 1998 and December 31, 1998. Such waiver is expressly limited as aforesaid and shall not constitute a waiver of Borrower's compliance with such covenants for any other past or future period or of any other breach of the Loan Agreement or any other Loan Document.
Waiver of Certain Financial Covenants. Prior to the effectiveness of this Amendment, the Borrower was not in compliance with the following financial covenants of the Credit Agreement:
Waiver of Certain Financial Covenants. By their execution of the Lender Consents, each in the form of Exhibit B attached hereto (each individually a “Lender Consent”, and collectively, the “Lender Consents”), the Required Lenders waive any Event of Default that may arise or has arisen under the Credit Agreement as a result of:
Waiver of Certain Financial Covenants. FOR THE QUARTER ENDED MARCH 31, 2001. Agent hereby waives any Default or Event of Default solely with respect to Borrower's failure to comply with SECTIONS 7.20(a), 7.20(b), 7.20(c), 7.20(d), and 7.20(e), only for the period ending March 31, 2001.
Waiver of Certain Financial Covenants. Bank hereby waives Borrower's failure to comply with (i) paragraph 10 (a) for the fiscal quarter of Borrower ending March 31, 1999, and the fiscal quarter of Borrower ending June 30, 1999, (ii) paragraph 11 (d) for the month ending February 28, 1999, (iii) paragraph 12 (j) on April 15, 1999. Such waiver is expressly limited as aforesaid and shall not constitute a waiver of Borrower's compliance with such covenants for any other past or future period or of any other breach of the Loan Agreement or any other Loan Document.
Waiver of Certain Financial Covenants. (i) Subject to the terms and conditions set forth herein and in reliance on the representations and warranties of Company herein contained, the undersigned Lenders, constituting Requisite Lenders, hereby waive for the Covenant Waiver Period any Potential Events of Default or Events of Default arising from the failure of the Company to comply with subsections 7.6A, 7.6B and 7.6C of the Credit Agreement.
Waiver of Certain Financial Covenants. Subject to satisfaction of the conditions set forth in Section 3 below, the undersigned Required Lenders and the Agent hereby waive (a) compliance by the Borrower with the Maximum Leverage Ratio covenant, the Minimum Consolidated EBITDA covenant and the Minimum Interest Coverage Ratio covenant set forth in Sections 11.1, 11.2 and 11.3 of the Credit Agreement, respectively, for the Reference Period ended December 31, 1999, (b) any Default or Event of Default which is now continuing as a result of the breach by the Borrower of such covenants for such period and (c) any Default or Event of Default which is now continuing as a result of the Borrower having outstanding advances to the UK Borrower (which are in the aggregate outstanding amount of $1,300,000 as of March 30, 2000) (all such Defaults and Events of Default referred to above in this clause (c) being referred to herein as the "UK Loan Default"). The foregoing waiver of the UK Loan Default will expire at the close of business, Boston, Massachusetts time, on April 7, 2000 and an Event of Default shall automatically occur at such time, unless the UK Borrower has paid in full in cash to the Borrower by such time all outstanding advances made by the Borrower to the UK Borrower and no such advances are outstanding at such time (satisfaction of such requirements being referred to herein as the "UK Loan Default Cure"). If the UK Loan Default Cure is effected, the UK Loan Default will be permanently waived. Each of such waivers shall be effective as of the Effective Date.
